Actuarial Science is a discipline centered in assessing, pricing and ultimately managing institutional risk which is commonly used in the insurance industry and financial professions. Students who are good at mathematics that desire a professional component to their education are typically interested in this field commonly listed in the Top 10 professions.
The Actuarial Science major at Siena College is a program combining rigorous mathematical study with Economics and Finance. Students who complete the program will have satisfied the Validation by Educational Experience requirements for the Casualty Actuary Society and the Society of Actuaries. The program features:
Siena is a liberal arts college and students are encouraged to explore complementary areas to ensure long-range career success. The program also puts emphasis on:
Most of the students in the actuarial science program pursue a career as an actuary. There are four main classes:
Two of our recent graduates have opted to go directly into graduate school to obtain a Master's degree or possibly a PhD before entering the workforce.
Our recent graduates have been employed at a number of different national and international companies including:
Many of our graduates have had internships at the companies listed above prior to their full-time employment. However, students have also held internships with other organizations including:
Increasingly, many companies offering actuarial internship opportunities are requiring that students pass at least one actuarial science exam. For that reason, students will typically not have an actuarial internship during their freshman year and will normally be encouraged to start looking for available internship opportunities beginning in their sophomore year.
"At Siena I was taught so much more than just the essential math skills that helped me pass the rigorous exams required to become an accredited actuary. I was also taught the communication and interpersonal skills that have helped me convey complex mathematical explanations to my clients' and non-actuaries. It is because of this well-rounded education that I was able to have a successful career as an actuary and ultimately build a business that’s flourished for 30 years." - Ed Holohan '68, Siena's first accredited actuary and current President & Actuary at Penflex, Inc.