Actuarial Science

Major

About the Program

There is a growing demand for actuaries to help businesses evaluate and plan for the financial consequences of risk. You’ll learn how to communicate quantitative information effectively, summarize data graphically and numerically, and analyze problems involving risk and uncertainty using mathematical methods.

Prepare for Certification

Olivet’s actuarial science program has been consistently ranked among the best in the nation, making us a leader in this growing field. This major provides you with the necessary mathematical and business knowledge to prepare you for actuarial exams administered by the Society of Actuaries and the Casualty Actuarial Society.

“I specifically picked Olivet College based on its reputation for the actuarial science program. Janine Peters is a fantastic adviser, and she has helped me find the best route to obtain my degree. The actuarial science program is excellent to be a part of because everyone is willing to lend a hand to help you succeed. I am very confident that this program will lead me to a career that I will be thoroughly prepared to step into and makes me exceptionally happy.” – Delaney, actuarial science major

Careers in Actuarial Science

  • Actuary

    Actuaries are experts in managing risk. They deal with the measurement and management of risk and uncertainty through asset management, liability management and valuation skills.

  • Data Analyst

    A data analyst serves as the manager for an organization's data. They report to stakeholders and help them understand data so they can make strategic business decisions.

  • Business Analyst

    A business analyst analyzes an organization’s documents, processes or systems, assessing the business model or its integration with technology. They help guide businesses in improving processes, products, services and software through data analysis.

  • Underwriter

    An underwriter is a financial expert who takes a look at finances and assesses how much risk a lender will take on if they decide to approve a loan. Underwriters evaluate credit history, assets, the size of the loan requested and how well they anticipate that the borrower can pay back the loan.

Courses in the Program

ECO 201 - Principles of Microeconomics
IRM 221 - Principles of Insurance and Risk Management
MTH 341 - Probability
MTH 441 - Mathematical Statistics
View all courses offered in the program

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