Actuarial Science

 

The Actuarial Science program prepares students to pursue employment as an actuary.

An actuary is the leading professional in managing risk; they work at insurance companies, private corporations, Actuarial_Science.jpgas consultants, and at the government.

This comprehensive major gives students a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage today's complex risks facing our society. It offers a sequence of rigorous courses that will also prepare students with sufficient depth for further study.

Most importantly, the program will prepare students for the actuarial exams, necessary to become certified through the Society of Actuaries.

Actuaries use advanced software and modeling statistics
to forecast the cost and probability of an event.

What can I do with the major?

  • Insurance Company Actuary
  • Private Corporation Actuary
  • Actuary Consultant
  • Government Actuary

Whether you're interested in risk management, retirement portfolio advisement, property or casualty insurance, Silver Lake College’s actuarial science program will help you build problem-solving skills for a wide range of careers.

Put your degree to work

Actuaries work in the insurance industry, private corporations, government, colleges and universities, banks and investment firms, public accounting firms, labor unions, rating bureaus, and fraternal organizations.

No matter the source, actuary is consistently rated as one of the best jobs in America.

US News and World Report, the Jobs Rated Almanac, CNN Money, and others all agree: few other occupations offer the combination of benefits that an actuarial career can offer.

In almost every category, such as work environment, employment outlook, job security, growth opportunity, and salary (especially salary), a career as an actuary is hard to beat.

​U.S. Bureau of Labor Statistics data

2015 Median Pay

$97,070 per year

Typical Entry-Level Education

Bachelor's degree

Work Experience in a Related Occupation

None

On-the-job Training

Long-term on-the-job training

Number of Jobs, 2014

24,600

Job Outlook, 2014-24

18% (Much faster than average)

Employment Change, 2014-24

4,400

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Actuaries, on the Internet at http://www.bls.gov/ooh/math/actuaries.htm (visited May 09, 2016).

The Department of Actuarial Science supports the mission of Silver Lake College by empowering students to become life-long, independent learners in a world increasingly shaped by actuarial science. Therefore, the Department aims:

  • To facilitate the growth of students to become competent professionals, knowledgeable consumers, and responsible citizens in a global society through the study and use of the tools of mathematics and finance
  • To strengthen the mathematical and financial knowledge and skill levels of students
  • To provide a learning environment that expands students understanding and appreciation of our mathematical and financial heritage

To achieve these goals, the department ...

  • Offers a comprehensive major leading to a Bachelor of Science degree in actuarial science
  • Provides adequate preparation and guidance to qualify students for certification as professional actuaries and for graduate study in mathematics, and related fields
  • Designs appropriate courses to support knowledge for other disciplines

In addition to a rigorous curriculum, the department offers a vibrant environment for professional development and scientific discourse.

Our faculty members also conduct ongoing research on the best mathematical and statistical approaches to problems in a variety of areas. Examples include baseball statistics and the use of differential equation in the natural sciences.

Requirements

The Actuarial Science program prepares students to pursue employment as an actuary. Actuaries are leading professionals in managing risk; they work at insurance companies, private corporations, as consultants and at the government. This comprehensive major gives students a combination of strong analytical skills, business knowledge and understanding of human behavior to manage today's complex risks facing our society. It offers a sequence of rigorous courses that also will prepare students with sufficient depth for further study. Most importantly, the program will prepare students for the actuarial exams necessary to become certified through the Society of Actuaries.

Program goals

The Actuarial Science student will:

  1. Master the quantitative and analytical skills required to obtain an entry level position in the actuarial science profession.
  2. Demonstrate the skills necessary for passing the professional actuarial exams.
  3. Attain a high level of proficiency in research methodology and computer technology.
  4. Recognize the economic significance and ethical impact of various business decisions.
  5. Develop strong communication and interpersonal skills. 

Major Courses (for a total of)..........................................................61 Credits

 

Accounting Courses..............................................................................7 Credits

ACC 200 Financial Accounting..........................................................................4

ACC 302 Managerial Accounting......................................................................3

Actuarial Science Courses....................................................................9 Credits

ASC 305 Introduction to Actuarial Science.....................................................3

ASC 402 Life Contingencies................................................................................3

ASC 408 Loss Distributions and Credibility Theory.......................................3

Business Courses....................................................................................9 Credits

BUS 101 Introduction to Business.....................................................................3

BUS 203 Business Law I.......................................................................................3

BUS 301 Principles of Finance............................................................................3

Computer Science Courses...................................................................3 Credits

CPS 207 Java Programming................................................................................3

Economics Courses.................................................................................6 Credits

ECN 201 Macroeconomics...................................................................................3

ECN 202 Microeconomics....................................................................................3

Mathematics Courses...........................................................................27 Credits

MTH 201 Calculus I................................................................................................4

MTH 202 Calculus II...............................................................................................4

MTH 203 Calculus III..............................................................................................4

MTH 271 Probability and Statistics....................................................................3

MTH 300 Foundations of Mathematics.............................................................3

MTH 302 Number Theory.....................................................................................3

MTH 350 Differential Equations..........................................................................3

MTH 370 Linear Algebra.......................................................................................3

 

Faculty

Steven Kuehl

faculty-staff44.jpg
Assistant Professor 
Mathematics 
steve.kuehl@sl.edu 
920-686-6396 

Kuehl is a mathematics professor who teaches across the full curriculum - levels 100 to 400.  Outside of the classroom he is very active on committees and works closely with the work college and athletics teams.  His research interests lie in the realm of baseball statistics.  He just finished up collaborating on two books being published by the Society for American Baseball Research -- one is about the Detroit Tigers and one about the Milwaukee Brewers.  Finally, his favorite class to teach is Differential Equations - but also, obviously, loves to teach Statistics, as well.