The Actuarial Mathematics major is offered in the Mathematics department in the May School of Arts and Sciences .
Hsin-hao Su
Duffy Academic Center 231
508-565-1242
hsu@stonehill.edu
Departmental Mission
The teaching mission of the department is to introduce students to the central ideas and methods of actuarial mathematics, and to develop such general intellectual skills as rigorous reasoning, problem solving and persuasive expression. Actuarial mathematics students work with mathematics faculty, as well as faculty in economics and finance.
The actuarial mathematic major prepares students to work as an actuary and related careers such as economists, financial analysts, investment analysts or financial risk specialists. Graduates engage in life-long learning and growing.
Learning Goals
- Students will develop effective thinking, communication, and mathematical problem solving skills.
- state problems carefully, articulate assumptions, understand the importance of precise definition, and reason logically to conclusions;
- identify and model essential features of a complex situation, modify models as necessary for tractability, and draw useful conclusions;
- assess the correctness of solutions, create and explore examples, carry out mathematical experiments, and devise and test conjectures;
- communicate mathematical ideas clearly and coherently both verbally and in writing to audiences of varying mathematical sophistication.
- Students will gain the subject knowledge needed for the early stages of an actuarial career.
- learn topics in probability and successfully pass Exam P by the Society of Actuaries (SOA);
- learn topics in interest theory and its applications, and successfully pass Exam FM by the SOA;
- complete the Validation by Educational Experience (VEE) requirements of the SOA in economics, accounting and finance, and mathematical statistics.
- Students will learn to use technological tools.
- become proficient in at least one programming language used for statistics and data analysis.
- Students will develop independence and experience open-ended inquiry.
- prepare students to pursue open-ended questions and to speak and write about methods, techniques, and applications with increasing depth and sophistication.
The major in Actuarial Mathematics requires the completion of 23 courses.
