Dec 01, 2021  
2020-2021 Undergraduate Catalog, Volume 79 
2020-2021 Undergraduate Catalog, Volume 79 [ARCHIVED CATALOG]

Actuarial Science

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John C. O’Neill, Ph.D., Director

Actuarial Science is an interdisciplinary course of study combining theory and application from both the natural and social sciences. This course of study integrates the theoretical quantitative skills learned primarily in mathematics and applied mathematics with the traditional business disciplines of economics and finance. It is designed for industrious students who have a real interest in learning rigorous mathematics and wish to apply mathematical concepts to help make practical business decisions.

A student who chooses to major in actuarial science will develop (1) a strong mathematical background stemmed in current treatment of classical mathematics, (2) a firm understanding of applied mathematics via statistical analysis, (3) a practical sense of how these mathematics are used in business to solve problems, (4) a fundamental knowledge of economic theory and (5) an understanding of finance theory and the role of finance within the firm.

A major in Actuarial Science will prepare a student for a career in areas such as pension plan design, health benefit systems analysis and asset management as well as the more traditional roles associated with the insurance industry. Moreover, completion of the Actuarial Science degree at Siena College will satisfy the Validation for Educational Experience outlined by the Society of Actuaries and Casualty Actuary Society. The course of study should also prepare students with the scholarly background necessary to pass Exam 1/P offered by the aforementioned societies. All students pursuing the degree should work closely with the Actuarial Science Director to choose curricula appropriate to their post-graduate plans.


    Bachelor of Science

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