Program Overview

The Bachelor of Science degree in Actuarial Mathematics prepares students for the actuarial profession. Actuaries are professionals who manage risk. They predict the likelihood of future events and model the financial impact of future scenarios. They find creative ways to mitigate the undesirable effects of future events. Although most actuaries are employed in the insurance and financial industries, many others work in the transportation, environmental, medical and manufacturing industries, as well as in government.

The Actuarial Mathematics major is highly interdisciplinary, integrating substantial coursework in business, computing and communications with a solid core of mathematics and statistics. Kent State University is one of only four institutions in Ohio to receive the Universities and Colleges with Actuarial Programs-Advanced Curriculum designation from the Society of Actuaries. The Kent State program prepares students for the first four of a series of examinations to receive professional certification as an actuary.

Program Learning Outcomes

Graduates of this program will be able to:

• Reason mathematically by using precise definitions, articulating assumptions and reasoning logically to conclusions.
• Engage effectively in problem solving by exploring examples, assessing the correctness of solutions and interpreting solutions in an actuarial context.
• Define, interpret and apply standard actuarial notation, terminology and formulas.
• Analyze various streams of cash flows, both certain and contingent.
• Apply methods from probability, statistics and stochastic processes to the solution of problems in actuarial science, finance and economics.
• Communicate solutions of mathematical problems clearly, both orally and in writing.
• Employ commonly used computer programming languages and software packages to solve problems in actuarial science, finance and economics.
• Demonstrate fundamental knowledge of finance, economics and accounting.