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Actuarial Sciences

Graphs written on whiteboard | actuarial sciences

MODELING AND PRICING RISK


How do companies prepare for events they cannot predict? Actuaries use mathematics, statistics and financial theory to measure uncertainty and help organizations make informed decisions.

As an actuarial sciences major at the University of Delaware, you will learn to build mathematical models that address real-world challenges. Actuaries forecast insurance claims, assess the likelihood of loan defaults, evaluate financial investments and estimate the potential costs of unexpected events. Their work spans insurance, finance and other industries where understanding risk is essential.

UD’s program prepares students for professional actuarial exams and includes coursework in economics, accounting and finance. Students also benefit from exam preparation, career development opportunities and a community of peers through the Actuarial Sciences Club.

Learn how UD is strengthening its actuarial sciences program and supporting future actuaries.

 

RELATED MAJORS

Mathematics & Economics

Applied Mathematics

Mathematics

Mathematics and Data Science

AREAS OF STUDY

  • Mathematical Finance
  • Probability and Statistics
  • Survival Analysis
  • Micro and Macroeconomics
  • Econometrics
  • Financial Management
  • Database Design

CAREER OPTIONS

  • Actuary
  • Enterprise Risk Manager
  • Financial Analyst
  • Economic Analyst
  • Data Scientist

GRADUATE PROGRAMS

  • Finance
  • Financial Mathematics
  • Data Science
  • Statistics
  • MBA

What’s special about this program?

UD offers a dedicated undergraduate degree in actuarial sciences, giving students a clear path through the academic requirements of the profession. The curriculum also enables students to complete the Society of Actuaries’ Validation by Educational Experience requirements before graduation.

Students interested in combining actuarial expertise with business leadership can pursue an accelerated 4+1 program with the Alfred Lerner College of Business and Economics. Eligible students can earn a bachelor of science in actuarial sciences and a master of business administration in as few as five years.

Get involved

Undergraduate Research

Honors College

Actuarial Sciences Club

Math Club

Putnam Competition

Mathematical Contest in Modelling

Sample Curriculum

FALLSPRING
CISC 106 - General Computer Science for EngineersECON 103 - Introduction to Macroeconomics
ECON 101 - Introduction to MicroeconomicsMATH 210 - Discrete Mathematics I
ENGL 110 - First-Year WritingMATH 219 - Data Science I
MATH 241 - Analytic Geometry and Calculus AMATH 242 - Analytic Geometry and Calculus B
Breadth Requirement (Group A/B) Breadth Requirement (Group A/B)
First Year Seminar 
Credits: 17Credits: 16

 

FALLSPRING
MATH 243 - Analytic Geometry and Calculus CACCT 207 - Accounting I
ECON 301 - Intermediate Microeconomic Theory with CalculusMATH 247 - Introduction to Actuarial Mathematics    
MATH 349 - Elementary Linear AlgebraECON 304 - Intermediate Macroeconomic Theory with Calculus  
MATH 350 - Probability Theory and Simulation Methods or STAT 470 - Probability Theory in Statistics  MATH 450 - Mathematical Statistics or STAT 471 - Mathematical Statistics
Breadth Requirement (Group A/B) Elective
Credits: 16 Credits: 15
FALLSPRING
CISC 181 - Introduction to Computer Science IIMATH 302 - Ordinary Differential Equations
ECON 306 - Data Analysis for Economics and BusinessFINC 312 - Intermediate Financial Management
FINC 311 - Principles of FinanceECON 422 - Econometric Methods for Causal Analysis
Breadth Requirement (Group A/B) MATH 426 - Computational Mathematics I
Multicultural RequirementElective
Credits: 15 Credits: 15 
FALLSPRING
MISY 330 - Database ManagementMATH 419 - Data Science II
MATH 529 - Optimization TheorySTAT 621 - Survival Analysis
STAT 674 - Applied Database ManagementFree Elective
Second Writing RequirementFree Elective 
ElectiveDiscovery Learning Experience
Credits: 15 Credits: 15

Go Global at UD

This major is eligible for the following program:

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