According to the Bureau of Labor Statistics, employment of actuaries is expected to increase by 21 percent over the period 2008-2018, which is much faster than the average for all occupations. While employment in the insurance industry—the largest employer of actuaries—will experience some growth, greater job growth will occur in other industries, such as financial services and consulting.
Graduates from the Department of Mathematics and Computer Science have gone on to actuarial careers at such major employers as Liberty Mutual, Ohio National Financial Services, and Cincinnati Life Insurance.
Skills in the actuarial sciences are documented through a series of professional actuarial exams. While the field itself splits broadly into the areas of casualty insurance and life insurance, the first two exams are common to the entire field. Upon successful completion of the program, students will have:
- Studied the foundational content of the field, including material that prepared them for the first two actuarial exams (exams P and FM).
- Accumulated Validation by Educational Experience (VEE) credits for Applied Statistical Methods (MATH 256 and MATH 257), Economics (ECON 200 and ECON 201) and Corporate Finance (FINC 300).
- Taken courses that begin their preparation for the third actuarial exam.