An actuary is a professional trained in mathematics, statistics, and economic techniques who assigns a dollar value to future risk. They use their knowledge to solve problems involving the long-range financial impact of future events. This skill is of great value to insurance companies, investment firms, employee benefits, consulting firms, state or federal agencies, labor unions, and other organizations that need to quantify financial risks.
Actuaries achieve professional status by passing a series of qualifying examinations administered by the Society of Actuaries (SOA) and/or the Casualty Actuarial Society (CAS). Students are generally expected to have passed one or two of the exams while in college, but most are taken after employment. The SRU Actuarial Science Special Interest Area prepares students to take the first two actuarial exams, Exam P and Exam FM. SOA members have traditionally practiced in life and health insurance, pension planning, and employee benefits. In recent years, some have moved into finance and investment markets. CAS members work in property and casualty insurance.
In the six editions of the Jobs Rated Almanac published since 1986, the actuary has ranked first twice and ranked second four times. The book rates 250 jobs on the basis of such categories as salary, benefits, outlook for the future, stress, work environment, and job security. Entry-level salaries with one exam fall between $45,000 and $65,000 with signing bonuses being common. Actuaries with 15 years of experience often earn more than $250,000.
Slippery Rock students have been successful on passing the actuarial exams, getting summer internships, and finding actuarial jobs.
Major Requirements - Credits: 60
PLEASE SEE CURRICULUM GUIDES AND ACADEMIC ADVISER FOR PROGRAM SPECIFIC REQUIREMENTS.
Mathematics Core Courses - Credits: 33
Minimum grade of C required in MATH 131, 230, and 235
Special Interest Area Mathematics Courses - Credits: 6
MATH 353 is required. Choose one other course from the following:
Mathematics Sequences - Credits: 6-7
Two sequences required. At least one from MATH 313-314 or MATH 325-326
Special Interest Area Interdisciplinary Courses - Credits: 15
ECON 201 and 202, and MATH 280 are required. Choose 2 additional courses from the following:
Competency in an Approved Computer Programming Language
Competency in an approved computer programming language is required.Natural Science and Math College-Wide Requirements - Credits: 12
Mathematics students in the College of Health, Environment and Science must complete the following four courses.
Each university in the Unites States of America sets its own admission standards so there isn't the same criteria for all the students and the university can decide which applicants meet those standards. The fee for each application is between $35 to $100.
After the selections of the universities you want to attend, the best of all would be to contact each university for an application form and more admission information for the international students. Moreover, for a graduate or postgraduate program it's necessary to verify the admission requirements. Some programs require that you send your application directly to their department.
Admissions decisions are based on students's academic record and different test scores, such as TOEFL, the SAT or ACT (for undergraduate programs) and GRE or GMAT (for graduate programs). Admission decision is based on your academic results and motivation.
Slippery Rock University has a strong commitment to student success, and we thoroughly research the academic background of the students who tend to succeed at SRU. We use this information to establish admission guidelines for first year students (new freshmen). We are seeking students who have attained at least a 3.0 GPA at the time of admission, have demonstrated proficiency in college preparatory coursework, and who have average to above average scores on the SAT or ACT. We will accept either test and use the best scores available. Offers of admission for new freshmen from high school may be made as soon as August following their junior year in high school. High school admitted students are required to submit proof of high school graduation in the form of Official Transcripts upon high school graduation.
In order to apply for admission, the following credentials are required:
Official High School Transcripts, including a 12th Grade class schedule if applicable
SAT or ACT Scores
$30.00 application fee
WAIT LIST: Applicants who do not meet the admission guidelines are still encouraged to apply for admission if they are close to our admission guidelines. Such applicants may be placed on a wait list for admission consideration. Students who are placed on a wait list need to understand it is not the same as being denied admission. Wait list status simply means that an applicant's credentials may require a closer review beyond just the quantitative numbers. Offers of admission will be made to wait listed applicants on regular intervals.
Wait listed applicants should strive to improve their grades and/or test scores and re-submit them to the Office of Admissions as soon as is practical after the next marking period or re-test. Periodic review of the wait list will likely begin in November and offers of admission made on a rolling basis. Our goal is to have most of the wait list offers of admission made in March or April. A final round of wait list offers may be made in mid-May on a space available basis. We encourage students to submit additional information if it improves the academic record.
No work experience is required.
"The Academic Excellence Scholarship can provide up to a 50 % reduction in tuition per semester. These scholarships will be renewed if the student maintains superior academic performance during each semester of their 3-year Bachelor programme. The scholarship will be directly applied to the student’s tuition fees."
Scholarships for students who are already attending the University of Reading.
The University of Amsterdam aims to attract the world’s brightest students to its international classrooms. Outstanding students from outside the European Economic Area can apply for an Amsterdam Merit Scholarship.
* The scholarships shown on this page are suggestions first and foremost. They could be offered by other organisations than Slippery Rock University.