Actuarial Science

Businesses and organizations need actuaries to help them build their visions for the future and make smart choices about how they use their resources.

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Model risk and inform strategic decisions.

Can everything in the universe be expressed in math? Actuaries build mathematical models to account for the many risk factors organizations must consider when building strategy. Financial, logistical, and business risks all have to be carefully weighed against each other, and actuaries help paint a picture of the road ahead, with numbers and statistics.

Sponsors, Professors, and Experts

Our Actuarial Science degree was built with major input from Fortune 500 companies, prominent actuaries, and prominent academics.

Dr. Darren Mason

Michigan State University, Albion College

Dr. Mason is the director of the Actuarial Science Program at Albion College and teaches for the Dual Degree Program in Engineering. He has a Ph.D. in Engineering Mechanics from the University of Minnesota and also completed a post-doc at Carnegie Mellon University's Center for Nonlinear Analysis. Additionally, he has taught engineering and statistics in Volgograd, Russia as part of Michigan State University’s study abroad program and taught actuarial science classes at Guangzhou Higher University in Guangzhou, China.

Dr. Charles Severance

University of Michigan

Charles Severance holds a PhD in Computer Science from Michigan State University. He is the world’s leading online CS educator; his online courses graduate thousands of students a week. His contributions and curriculum form the backbone of many of our technology majors

Chad Glenn

Chief Actuary, Central Mutual Insurance Company

Chad Glenn is the Chief Actuary at Central Mutual Insurance Company, and has almost 15 years of experience working as an actuary. Mr. Glenn also sits on the Advisory Board of the Actuarial Science program at Indiana University - Purdue University Fort Wayne. He and his team at Central Mutual Insurance Company provided immensely valuable feedback on which Actuary exams the curriculum should prepare students for.

Concordia University, St. Paul

Teaching Institution

Located in St. Paul, Minnesota, Concordia University, St. Paul is a Christ-centered, comprehensive liberal arts university that delivers academic programs designed to respond to marketplace needs by teaching relevant skills and abilities that employers seek. Founded in 1893, our affiliation with The Lutheran Church—Missouri Synod (LCMS) and our promise to “welcome all as we honor Christ” empowers you to discover and engage your purpose for life, career and service.

Facts Breakdown

Quick facts on the industry.

Why study Actuarial Science

This Actuarial Science degree was built from the ground up, totally updated and revamped from the traditional course of study, to teach skills needed for today’s tech-focused workplace.

Programming built-in

You’ll learn basic, practical computer programming skills that will set you apart in the labor force

Math and more

It’s not just math: be well-rounded with background in business, finance, and liberal arts.

What you'll learn.

ASM I - Mathematical Theory of Interest

ASM II - Financial Mathematics: Discrete Time

ASM III - Financial Mathematics: Continuous Time

ASM IV - Risk Management with R