Actuarial Mathematics

Overview 

A major and a minor

No doubt you’ve seen the job title “actuary” listed among those with the highest starting salaries as you conducted your search for colleges, degree programs, and promising careers. You know it involves math, which you enjoy, and wonder, could this be the career for me?

The field of actuarial mathematics is one of the most prestigious and well compensated. As an actuary, you will answer questions that help shape decisions in everyday life by analyzing financial risks and helping organizations manage those risks.

At Bryant, the Bachelor of Science degree with a major in Actuarial Mathematics  focuses on the study of mathematics and statistics to give you a range of skills and broad knowledge to design and manage programs that control risks. Coursework builds strong analytical skills, business knowledge, and an understanding of human behavior. Courses in the Actuarial Mathematics major are taken as early as your first year, so you are immediately exposed  to the principles of your degree program.
You may also choose to pursue the Actuarial Mathematics minor, which requires coursework in statistics and actuarial mathematics, and electives in finance, economics, and computer programming.

Future careers, post-grad opportunities

With superior practical and academic experience, Bryant students are well prepared for graduate school and professional success as actuaries, financial analysts/consultants, pension consultants, statistical analysts, and educators. Actuarial mathematics graduates enjoy some of the highest entry-level salaries and a comfortable work-life balance, rarely working more than 45 hours per week.

Actuarial Mathematics faculty

Bryant’s Actuarial Mathematics faculty includes one member designated as an associate of the Society of Actuaries and another who is a fellow of the society and came to the University after many years of professional experience in the actuarial field. Faculty actively consult in the actuarial business field and regularly publish in scholarly and professional journals.

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Requirements

For a major: 

First-Year Gateway Experience

Global Foundations of Character and Leadership (GFCL100)

Global Foundations of Organizations and Business (GFOB100)

Writing Workshop (WRIT106)

Bryant IDEA: Innovation and Design Experience for All (IDEA101)

 

Upper-Level Gateway Requirement

 

Actuarial Mathematics Major Requirements

Actuarial Statistics I (AM230)

Actuarial Statistics II (AM231)

*Actuarial Exam P Prep (AM232)

Actuarial Statistics III (AM332)

Advanced Probability (AM333)

Mathematical Interest Theory I (AM340)

Mathematical Interest Theory II (AM342)

Life Contingencies I (AM421)

Life Contingencies II (AM422)

Pension Fundamentals (AM451)

Investments (FIN312) [Students may double count FIN312 toward a Finance minor]

Software Applications (MATH354)

* Some students may receive waiver credit for this course with the approval of the department chair.

Liberal Arts Core Requirements

Microeconomic Principles (ECO113)

Macroeconomic Principles (ECO114)

Introduction to Literary Studies (LCS121)

Calculus and Analytic Geometry I (MATH121)

Calculus and Analytic Geometry II (MATH122)

Linear Algebra (MATH226)

Two (2) Humanities Survey Courses

Liberal Arts Distribution – Modes of Thought

Two (2) Social Science Modes of Thought

One (1) Historical Mode of Thought (Upper Division)

One (1) Literary Mode of Thought (Upper Division)

Two (2) Scientific Modes of Thought (Include one lab science)

(One science course must be taken at the 300 or 400 level)

Business Minor Requirement

Selection is made from a variety of business minors (Business Administration, Computer Information Systems, Entrepreneurship, Finance, Global Supply Chain Management, Human Resource Management, International Business Management, Marketing, Marketing Analytics, and Sales.

Electives - Subject to programmatic constraints, students may elect to take additional business courses beyond the required business minor, not to exceed a combined total of 30 credit hours in the College of Business. 

A minimum of 124 credit hours are required for graduation.

 

For a 12-credit minor:

Mathematics of Finance, Insurance, and Pensions (AM341)

Pension Fundamentals (AM451)

Statistics II (MATH350)

Choose one course from the following:

  • Econometrics (ECO315)
  • Investments (FIN312)
  • Software Applications in Mathematics (MATH354)
  • Applied Multivariate Statistics (MATH461)

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Upcoming Application Deadlines:

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To learn more, please contact:

Kristin Kennedy, Ph.D.
Professor and Chair
Department of Mathematics
kkennedy@bryant.edu

ENDLESS OPPORTUNITIES

Rohan Laungani '12
Actuarial Associate, PricewaterhouseCoopers

“It’s up to each student to take advantage of all the resources on campus,” says Laungani, who studied Actuarial Mathematics and Economics. “At Bryant, opportunities are endless.”

The recipient of the Actuarial Foundation’s John Culver Woody Award, Laungani, who has lived in India and Nigeria, passed two actuarial exams before Commencement. He is now working at PwC’s New York City headquarters.

“Bryant’s faculty and staff go above and beyond to assist in any area of your life," says Laugani. "Whether you are a current student or an alum, they are always there to support you day and night.” 

WALL STREET TRAILBLAZER

Nanette (Buziak) Lexow '93
Managing Director, Head of Equities Trading, ING Investment Management

Few firms were hiring during the recession when Lexow graduated, but a degree in actuarial mathematics and internship experience enabled her to find work in finance.

Now head of a Wall Street trading desk at a global investment manager, she’s been recognized as a trailblazer for women by Trader’s Magazine “for breaking the gender barrier in trading and advancing up the career ladder on the buyside and sellside.”

Lexow, who is known professionally by her maiden name, attributes her success to a strong commitment and being “courageous enough to take on some of the ugly projects nobody else wants.” 

INSPIRING BY EXAMPLE

Phyllis Schumacher, Ph.D.
Professor of Mathematics

How is someone’s credit score determined? What are the chances of a certain candidate winning the election? These questions can be answered by actuaries, whose work helps shape decisions in everyday life.

Schumacher teaches in one of Bryant's toughest programs and students and alumni cite her unflappable nature, helpfulness, and innate kindness with helping them succeed.

Amanda Zagame ’11 recalls working on her Honors Capstone project with Schumacher. “Despite being on sabbatical, she came to campus every week to support and guide me through the intensive process.” Zagame is interning as a business analyst at Pan Agora Management.