Majors, Minors, & Certificates

Actuarial Science

Consistently rated as one of the best careers in America, actuarial science is a combination of math, economics and finance that studies the assessing, pricing and institutional risk used in the insurance industry and financial professions. Our rigorous curriculum satisfies Casualty Actuarial Society educational requirements and prepares you for competitive internships, professional exams and career success.

​Program Highlights

  • Small classes.
  • Emphasis on technical communication skills.
  • Focus on long-range career success.
  • Professional seminar series.
  • Coursework designed to prepare students for the first two professional actuarial exams.
  • Flexibility in choosing upper level electives.
  • Dedicated faculty advisor to make sure students understand when to take exams, how to focus elective study and how to engage in an interview to maximize their employability.

Skills Developed

  • Communicating technical information, verbally and in writing
  • Constructing well-reasoned arguments
  • Modeling and valuing complex financial instruments
  • Organizing and working in teams
  • Understanding time value of money calculations and constructing equations of value
  • Working with real-world data
  • Forecasting Financial behavior of a business
  • Understanding the structure and pieces of a financial portfolio
  • Applying technology to problem solving

Employers of our Graduates

  • Travelers
  • The Hartford
  • Chubb Insurance
  • ISO
  • Met Life
  • Marsh
  • Farm Family
  • First Niagara
  • Utica National

Internship Sites

  • New York State Insurance Department
  • Swiss Re
  • Munich Re
  • Travelers
  • The Hartford
  • Met Life
  • Farm Family
  • Utica National

Actuarial Science

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.

Majors:


Career Opportunities

The finance and insurance sector comprises establishments primarily engaged in financial transactions (transactions involving the creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions. Common job functions include accountants, auditors, insurance sales agents, loan officers, tellers and securities, commodities and financial services sales agents.

Wages:

Depends on job function.

GROWTH FORECAST:

​Employment in the finance and insurance industry is expected to grow by 8% by 2022.

Logisticians analyze and coordinate the logistical functions of a firm or organization. Responsible for the entire life cycle of a product, including acquisition, distribution, internal allocation, delivery, and final disposal of resources.

Job titles include: Integrated Logistics Support Manager (ILS Manager), Logistician, Logistics Team Lead, Production Planner

Wages:

The median annual wage was $72,780 in 2012.

GROWTH FORECAST:

Employment is projected to grow 22% or higher from 2012 to 2022.

Information Security Analysts plan, implement, upgrade, or monitor security measures for the protection of computer networks and information. May ensure appropriate security controls are in place that will safeguard digital files and vital electronic infrastructure. May respond to computer security breaches and viruses.

Job titles include: Information Technology Specialist, Data Security Administrator, Information Security Analyst, Information Security Officer, Computer Specialist, Information Security Specialist, Information Systems Security Analyst, Computer Security Specialist, Information Security Manager, Information Technology Security Analyst

Wages:

The median annual wage was $86,170 in 2012.

GROWTH FORECAST:

Employment is projected to grow 22% or higher from 2012 to 2022.

Credit Analysts analyze credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with credit information for use in decision making.

Job titles include: Credit Analyst, Analyst, Credit Manager, Underwriter, Credit Administrator, Credit and Collections Analyst, Credit Representative, Credit Risk Analyst, Risk Analyst

Wages:

The median annual wage was $61,080 in 2012.

GROWTH FORECAST:

Employment is projected to grow 8-14% from 2012 to 2022.

Risk Management Specialists analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

Wages:

The median annual wage was $61,160 in 2012.

GROWTH FORECAST:

Employment is projected to grow 3-7% from 2012 to 2022.

Market Research Analysts and Marketing Specialists research market conditions in local, regional, or national areas, or gather information to determine potential sales of a product or service, or create a marketing campaign. May gather information on competitors, prices, sales, and methods of marketing and distribution.

Job titles include: Market Research Analyst, Market Analyst, Project Manager, Market Research Consultant, Client Service and Consulting Manager, Market Research Manager, Product Line Manager, Business Development Specialist, Client Services Vice President, Communications Specialist

Wages:

The median annual wage was $60,300 in 2012.

GROWTH FORECAST:

Employment is projected to grow 22% (much faster than average) from 2012 to 2022.

Accountants analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.

Job titles include: Accountant, Certified Public Accountant (CPA), Staff Accountant, Accounting Manager, Cost Accountant, General Accountant, Accounting Officer, Business Analyst, Accounting Supervisor, Financial Reporting Accountant

Wages:

The median annual wage was $63,550 in 2012.

GROWTH FORECAST:

Employment is projected to grow 3-7% from 2012 to 2022.

​Financial Analysts conduct quantitative analyses of information affecting investment programs of public or private institutions.

Job titles include: Financial Analyst, Securities Analyst, Investment Analyst, Equity Research Analyst, Credit Products Officer, Operational Risk Analyst, Planning Analyst, Research Analyst and Real Estate Analyst.

Wages:

The median annual wage was $76,950 in 2012.

GROWTH FORECAST:

Employment is projected to grow 15-21% (faster than average) from 2012 to 2022.

Actuaries analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Job titles include: Actuary, Actuarial Analyst, Pricing Actuary, Product Development Actuary, Actuarial Assistant, Actuarial Associate, Actuarial Consultant, Consulting Actuary, Health Actuary and Pricing Analyst.

Wages:

The median annual wage was $93,680 in 2012.

GROWTH FORECAST:

Employment is projected to grow 22% (much faster than average) from 2012 to 2022.

Marketing Managers plan, direct, or coordinate marketing policies and programs, such as determining the demand for products and services offered by a firm and its competitors, and identify potential customers. Develop pricing strategies with the goal of maximizing the firm’s profits or share of the market while ensuring the firm’s customers are satisfied. Oversee product development or monitor trends that indicate the need for new products and services.

Job titles include: Marketing Director, Marketing Manager, Vice President of Marketing, Business Development Manager, Marketing Coordinator, Account Supervisor, Business Development Director, Commercial Lines Manager, Commercial Marketing Specialist, Market Development Manager

Wages:

The median annual wage was $119,480 in 2012.

GROWTH FORECAST:

Employment is projected to grow 8-14% from 2012 to 2022.