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Academics

Outcomes

What can you expect upon completion of the actuarial science programs at Albion College?

Successful students in both programs will acquire:

  • First-rate analytical skills in mathematics, statistics, and economics/finance.
  • Exposure to modern computational methods of analysis involving such computational tools as Excel, Mathematica, and R.
  • Facility with at least one modern programming language.
  • Well-developed problem-solving skills designed to tackle challenges in the modern everchanging workplace.
  • Excellent professional communication, collaboration, and teamwork abilities.
  • A broad education in the liberal arts that can support lifelong professional development.

Moreover, depending on which program is selected, students also accomplish:

Traditional Program

  • Satisfaction of VEE1 requirements in Economics, Accounting & Finance, and Mathematical Statistics through required coursework.
  • Preparation to take and pass SOA2 Exam
    • P (Probability)
  • Opportunities to learn some optional material required for SOA Exams
    • Exam FM (Financial Mathematics)
    • Exam IFM (Investments and Financial Markets)
  • Internship, networking, and career opportunities unique to a small liberal arts college.

Dual-Degree Program (DDPAS)

  • Satisfaction of VEE requirements in Economics, Accounting & Finance, and Mathematical Statistics through required coursework.
  • Preparation to take and pass SOA Exams3
    • P (Probability),
    • FM (Financial Mathematics)
    • IFM (Investment and Financial Markets)
    • STAM (ShortTerm Actuarial Mathematics)
    • LTAM (LongTerm Actuarial Mathematics)
    • SRM (Statistics for Risk Modeling)
  • Internship, networking, and career opportunities unique to a major research university

1 VEE stands for Validation by Educational Experience, a formal educational benchmark that is required by the SOA and CAS. At least two SOA/CAS exams must be passed before VEE credit is added to your professional record.
2 SOA (www.soa.org) stands for "Society of Actuaries", one of two major actuarial professional organizations in the US, the other being the Casualty Actuary Society (www.casact.org).
3 Actual coverage of IFM, STAM, LTAM, and SRM topics depends on transfer school and SOA syllabi contents which may vary over time.