A flexible program which prepares students for the four exams of the Society of Actuaries and Casualty Actuarial Society
Experienced faculty with both academic and professional credentials
An external professional Advisory Board of local actuaries
Assistance finding internships and preparing for actuarial careers
Validation by Educational Experience (VEE) credit for all three courses
Opportunities to study abroad at some of the top universities around the world
Arcadia has a long history of programs in actuarial science: originally we offered a concentration in actuarial science as part of our mathematics major and since 2013 we have a major. Our program has many graduates in local and regional insurance companies, consulting firms, and government agencies. Our major is administered by Irina Pogrebivsky, a Fellow of the Society of Actuaries. Other faculty include Dr. Ned Wolff, a statistician with many years of experience preparing students for actuarial careers, Dr. Weihong Ni, a PhD in Actuarial Science, Dr. Carlos Ortiz, whose publications include several in mathematical finance, and Professor Emeritus Dr. Louis Friedler, an Associate of the Society of Actuaries.
Actuaries are the highly paid business professionals who use probability and mathematical finance to quantitatively assess risk. To advance within the field of actuarial science, individuals must pass a series of exams administered by the Society of Actuaries or the Casualty Actuarial Society. These exams reflect the importance of both mathematics and business to this career; our major combines these two areas of actuarial science. Our major offers courses covering the material for four of these exams:
Exam P: Probability
Exam FM: Financial Mathematics
Exam STAM: Short Term Actuarial Mathematics
Exam SRM: Statistics for Risk Modeling
Our major also offers Validation by Education Experience (VEE) actuarial credit in Mathematical Statistics, Finance, and Economics in cooperation with Arcadia’s School of Global Business.
This program reflects the changes in the SOA corriculum effective July 2018.
One of the strengths of our program is the individual attention we give students. We work with students to prepare them for the exams, to assist in writing resumes and applying for positions and graduate programs, and to offer advice on interviewing.
Our Advisory Board
Our Advisory Board includes:
Stuart Alden, FSA, Senior VP and Actuary, Aon Risk Solutions
Ralph Donato, Principal Consulting Actuary, Long Term Care Group
Andrew Martin, FSA, VP Product Management, Penn Mutual Insurance Co.
Both Ralph Donato and Andrew Martin are graduates of Arcadia University.
We are pleased that the Actuaries Club of Philadelphia supports our program with financial help to partially reimburse students for the expense of taking actuarial exams.
Actuarial Science B.S. Degree Requirements
Mathematics courses, Business courses and a Computer Science course are required.
Student Abroad Opportunities for Actuarial Sciences Majors
Majors in the Computer Science and Mathematics Department are strongly encouraged to take full advantage of the study abroad opportunities that Arcadia University offers. In recent years, students have studied at universities in England, Ireland, Scotland, Australia, and Italy. All benefited greatly from their experiences.
Students who plan to study abroad should meet with their advisers as soon as possible to discuss their options. Several courses are part of sequences, and students are advised to take those entire sequences at Arcadia.
Many majors elect not to take any math or computing courses during the semester abroad, instead choosing humanities and social science courses that fulfill Undergraduate Curriculum requirements. These latter courses are more apt to help students gain a rich knowledge and appreciation of the culture of the country in which they are studying.
Since it is important that students plan ahead for study abroad, they should consult with their advisers as soon as possible and make their intentions known to the department chair and the Office of Study Away.
A highlight of the curriculum is the Capstone course sequence. In it, students design and implement a real project for an actual client. The project culminates in a formal presentation.
Meet Our Faculty
The Computer Science and Mathematics Department faculty are dedicated, active scholars with backgrounds in applications and industry.