The Actuarial Science program will prepare you to analyze the financial consequences of risk and uncertainty. You will use mathematics, statistics and financial theory to study uncertain future events, especially those that relate to risk management and insurance programs. More specifically, you will learn to:
- Apply the laws of probability and statistics to solve actuarial problems.
- Understand the theory of interest and its applications to the pricing of securities.
- Calculate the financial costs and benefits of insurance for various individuals.
- Design, implement and monitor life contingency models.
- Describe risk management frameworks and identify how specific risks can be quantified.
We offer courses that will prepare you to pass all preliminary actuarial exams offered by the Society of Actuaries and the Casualty Actuarial Society, as well as courses that will allow you to satisfy other requirements in the actuarial credentialing process. Additional required coursework in finance and in business will round out your actuarial training.
Students graduating with an Actuarial Science degree usually work in:
- Insurance and reinsurance companies
- Consulting firms
- Professional, scientific, and technical services
- Management of companies and enterprises
- Funds, trusts, and other financial vehicles
One of our strengths is the extensive network of DePaul graduates with successful careers in the industry, both in Chicago and across the nation.
We have a very active and diverse Actuarial Science club that hosts a variety of industry informational sessions and recruiting events, as well as frequent study groups and other activities. To connect with them, visit their website, where you can access their calendar of events, sample curricula for all Actuarial Science degrees and concentrations offered at DePaul, actuarial faculty bios, alumni testimonials, and much more.