BSc in Actuarial Science

Why pursue an actuarial science degree at North Central College?

As leaders in higher education, we have created this actuarial science degree program to deepen your knowledge in mathematical sciences, gain practical experience and pass an actuarial exam.

Our actuarial science program is recognized on the Society of Actuaries listing of Universities and Colleges with Actuarial Programs (UCAP), and we're also one of the few liberal arts institutions with a full-fledged actuarial science major offered jointly by two departments-mathematics and finance. This exposure to "both sides of the house" will vastly heighten, your educational experience and expand job prospects after graduation. And because we keep our classes small, you'll receive all the personal attention you need to prepare for the probability and financial mathematics exams you'll need to pass before working in the field. In the last three years, the pass rates for actuarial exams for our students are between 75 and 90 percent. In addition, students who have passed two exams and have a summer internship by their senior year have 100 percent job placement in the actuary industry.

You can also:

• Conduct research on mathematical sciences with your professors as early as your first year on campus.
• Attend local, regional, and national professional conferences.
• Gain hands-on experience by interning in the Naperville area and Chicago.
• Obtain extra help from a peer tutor—or become one yourself.
• Join the Actuarial Science Club and the mathematics honor society Pi Mu Epsilon.
• Take VEE courses approved by the Society of Actuaries (SOA) in applied statistical methods, economics, and corporate finance.
• Take courses that break down the preliminary and secondary actuarial exams.
• Have fees reimbursed if you pass an actuarial exam.

Major Requirements

• MATH 151 - Calculus I
• MATH 152 - Calculus II
• MATH 253 - Calculus III
• MATH 265 - The Theory of Interest
• MATH 270 - Financial Mathematics
• MATH 300 - Linear Algebra
• MATH 340 - Probability
• MATH 350 - Data Analytics
• MATH 370 - Probability for Risk Management
• MATH 410 - Models for Financial Economics
• ACCT 201 - Financial Accounting
• ECON 200 - Principles of Microeconomics
• ECON 205 - Principles of Macroeconomics
• ECON 365 - Econometrics
• FINA 350 - Corporate Finance

Additional Requirements for the BSc Degree

• CSCE 160 - Introduction to Computer Programming
• CSCE 210 - Data Structures

Recommendation

It is strongly recommended that Actuarial Science majors pass at least one actuarial exam (preferably in the summer following their second year) and complete an internship before graduation.

A North Central education integrates career preparation with rich academic study. Our faculty encourages you to refine and apply your knowledge in an interconnected world. Here you'll learn to think independently and work globally to solve problems and lead.

Our students have recently been awarded internships or have received job offers from the following companies:

• Allstate
• Liberty Mutual
• Blue Cross Blue Shield
• Lauterbach & Amen
• AAIS
• State Farm
• Aon
• Country Financial
• Mercer
• Unum
• CNA
• W.R. Berkley Corporation
• Milliman
• Guarantee Trust Life
• HUB
• USLI
• American Association of Insurance Services
• BrickStreet
• Northwestern Mutual
• Travelers
• American Family