Starting in the 2018-2019 academic year, Franklin College will offer an actuarial science major. This interdisciplinary major consisting of coursework in mathematics, statistics, and business will help students develop the quantitative skills needed to assess and manage risk, especially in a financial setting.
Actuarial Science Highlights
Students in this program will:
- receive specific preparation for the first two preliminary actuarial exams (Exam 1/P Probability and Exam 2/FM Financial Mathematics);
- take a variety of business and mathematics courses in areas specifically encouraged by the SOA (Society of Actuaries) and CAS (Casualty Actuarial Society);
- gain real-world experience through an internship with one of our community partners.
The Franklin College Difference
As a career, actuaries consistently rank near the top of ‘best jobs’ lists because of the career’s high pay, great job security, ability to make a positive impact and the excellent work/life balance it offers. According to the webpage www.BeAnActuary.org, maintained by the SOA and CAS, actuaries should enjoy learning, like to solve complicated problems, and have the following skills:
- Specialized math knowledge, including calculus, statistics, and probability
- Good business sense, including knowledge in finance, accounting, and economics
- Strong computer skills, including the ability to formulate spreadsheets, use statistical analysis programs, manipulate databases, and use programming languages
- Keen analytical, project management, and problem solving skills
- Solid oral and written communication skills
Thanks to Franklin College’s commitment to a strong liberal arts education, actuarial science majors from Franklin College will be strong in all of these areas. Many actuarial science programs prepare their students well for the specific math and business content needed for this field, but the liberal arts curriculum at Franklin College ensures that its graduates also excel in terms of the other “soft skills,” like strong oral and written communication, project management, and the ability to work well in teams, that are essential for success.