Actuarial Science

Program Features

Actuarial scientists solve problems and analyze risks. They play essential roles in the insurance and finance industries, where understanding risk and opportunities is crucial to providing services that offer financial security and peace of mind.

The Actuarial Science program at Xavier University—the only of its kind in Southwest Ohio—is an interdisciplinary major that provides students with the mathematical, statistical, computational, and business background to succeed in the actuarial field.

Curriculum

The sample course sequence below illustrates class offerings for the Actuarial Science major. Consult the official Xavier University course catalog for detailed registration and advising information.

Fall

  • Math 170 - Calculus............ 4cr.
  • Math 225 - Foundations of Higher Mathmatics............ 3cr.
  • Historical Perspectives............ 3cr.
  • English 101 - English Composition............ 0cr.
  • Core 100 - First Year Seminar............ 3cr.
  • Core 101 - GOA............ 0cr.

Spring

  • Math 171 - Calculus II............ 4cr.
  • Actuarial Science 101 - Intro to Actuarial Science............ 3cr.
  • Econ 200 - Microeconomics............ 3cr.
  • Philosophy 100 - Ethics as Introduction to Philosophy............ 3cr.
  • Theology 111 - Theological Foundations............ 3cr.
  • Core 102 - GOA............ 0cr.

Fall

  • Math 220 - Calculus III............ 4cr.
  • Math 256 - Intro to Probability & Statistics............ 3cr.
  • Acct 200 - Intro to Accounting............ 3cr.
  • Econ 201 - Macroeconomics............ 3cr.
  • Foreign Language 1............ 3cr.

Spring

  • Math 240 - Linear Algebra............ 3cr.
  • Computer Science 170 - Computer Science I............ 3cr.
  • Finance 300 - Business Finance............ 3cr.
  • Scientific Perspectives............ 3cr.
  • Foreign Language II............ 3cr.

Fall

  • Math 311 - Probability............ 4cr.
  • Finance 365 - Investments............ 3cr.
  • English 205 - Literature and the Moral Imagination............ 4cr.
  • Natural Sciences Elective............ 3cr.
  • Oral Communication Elective............ 3cr.

Spring

  • Math 312 - Statistical Inference............ 3cr.
  • Math 230 - Differential Equations............ 3cr.
  • Finance 465 - Options and Future Markets............ 3cr.
  • Creative Perspectives............ 3cr.
  • Writing Intensive Elective............ 3cr.

Fall

  • Philosophical Perspectives ............ 3cr.
  • Humanities Elective............ 3cr.
  • E/RS Elective............ 3cr.
  • Elective............ 3cr.
  • Elective............ 3cr.

Spring

  • Actuarial Science 201 - Actuarial Mathematics............ 3cr.
  • DCR Elective............ 3cr.
  • Theological Perspectives............ 3cr.
  • Elective............ 3cr.
  • Elective............ 3cr.

Sample Courses

Xavier is known for providing an education that's both challenging and personal. Here are some courses that are part of the Actuarial Science major at Xavier:

Intro to Actuarial Science (MACS 101) - This course is an introduction to Actuarial Science. The course consists of presentations introducing various topics dealt with by actuaries, weekly lab activities to provide in-depth work with these ideas, and presentations from actuaries regarding their work. Specific topics include mortality tables, interest theory, probability, principles of insurance and reserves.

Data Modeling (MATH 257) - Exploratory data analysis and visualization, logistic regression, estimation and inference of multiple regression models, model selection, Analysis of Variance, multiple comparisons, and experimental design.

Linear Algebra (MATH 240) - Systems of linear equations, Gaussian elimination, echelon forms, algebraic structure of solutions; vector and matrix arithmetic, invertibility; linear transformations and their matrices; vector spaces and subspaces, bases, coordinates, dimension, rank; change of basis; determinants,Cramer\2019s Rule; eigenvectors and eigenvalues; diagonalization; inner products, the Gram-Schmidt process.

Options & Futures Markets (FINC465) - Options and futures strategies, the valuation of options and futures, and the theory of hedging.

Clubs

Actuarial Science Club

Xavier's Actuarial Science Club is the perfect fit for those looking to explore the possibilities of a career as an Actuary. Students hear testimonies from actuaries in the field, have the chance to job shadow at a local insurance company in Cincinnati and even travel to meet with fellow numbers people. They also meet for study groups regularly.

All Xavier Clubs

Outcomes

97% of students from Xavier’s STEM programs, including Actuarial Science, are working, volunteering or in graduate school within six months of graduating.

Top Jobs: Software Engineer, Actuarial Analyst, Associate Consultant, Chemist, Developer, Electrical Engineer

Top Companies: Good Samaritan Hospital, The Christ Hospital, AT&T, 84.51, TBM Consulting, ScribeAmerica, GE Aviation

Explore Xavier Alumni Outcomes

All for one

Xavier is ranked #1 for its excellent academic reputation among top competitors in the region. Students get the most out of their education, from rigorous classroom studies to experiential learning in the real world.

Real Experience

Cincinnati is home to more Fortune 500 companies per capita than Los Angeles, New York or Chicago. Our students land internships with local and national organizations in both public and private industries.


Explore Cincinnati

Careers

Graduates of Xavier’s Actuarial Sciences program have a high career placement rate. They go on to work at top companies like the Great American Insurance Company, Liberty Mutual Insurance, and Ohio Financial National Services.


Alumni Outcomes

Relevant Coursework

Students complete coursework that provides Validation by Educational Experience (VEE) credits in the actuarial field, as well as preparation for the actuarial science exams in probability (P) and finance (FM).


Actuarial Science Major at Xavier University

The Actuarial Science program at Xavier University has a long and proud history as the only Actuarial Science program in Southwest Ohio. The discipline is particularly important in the insurance and finance industries where understanding risk is essential to providing services that offer financial security and peace of mind regardless of the uncertainty in daily life. This program resides in the Department of Math within Xavier's College of Arts and Sciences.

Xavier University’s College of Arts and Sciences challenges students to develop an integrated understanding of humanity, the world, and God by pursuing the questions raised in Xavier's core and departmental curricula. The College of Arts and Sciences is the oldest and largest college at Xavier University. The college provides an excellent liberal arts education in the Jesuit tradition that prepares students for careers, professional or graduate school, and life in a global society.

Xavier University is a private university located in Cincinnati, Ohio, providing a liberal arts education in the Jesuit Catholic tradition. Founded in 1831, the University is the sixth-oldest Catholic university in the nation. It has been ranked among the top 10 master's-level universities in the Midwest by U.S. News & World Report for the past two decades. The Princeton Review names it one of the "Best 385 Colleges in America."