What is actuarial science? It uses analytical and statistical process to assess risk in various industries. It’s no easy job, but if you’re interested in math and statistics, becoming an actuarial science major may be a perfect fit. CMU’s actuarial science program offers you comprehensive training in thinking, reasoning and problem-solving — all of which strengthen your skills for a career in business, industry, government and more. Through professional development, resources, developing contacts through student organizations and free tutoring at the Math Center, you will get the support and opportunities to be successful.
Points of Pride
- CMU's actuarial science program is designed to prepare you for the first four actuarial exams (P, FM, IFM and LTAM), which are administered by the Society of Actuaries and the Casualty Actuarial Society. Students are encouraged to pass at least two exams by the time they graduate from CMU.
- Actuary science is considered a high-salary profession with great job security and vast opportunities.
Put your actuarial science degree to work
Most actuaries work full time in an office setting, but actuaries who work as consultants may frequently travel to meet with clients. Actuaries often develop, price and evaluate a variety of insurance products and calculate the costs of new risks.
U.S. Bureau of Labor Statistics sample data
Below is a list of potential careers, median salary over the course of the career and projected job growth.
|Job||Median Pay||Job Growth through 2026|
|Actuary||$101,560 per year||22% (5,300 more jobs)|
|Financial analyst||$84,300 per year||11% (32,200 more jobs)|
|Financial manager||$125,080 per year||19% (108,600 more jobs)|