A concentration in Actuarial Science includes coursework in Mathematics, Statistics, Computer Science, Economics, and Finance. Actuaries analyze data and trends to assess risk and predict future outcomes, with most actuarial jobs existing in the insurance, banking, and financial services industries. Within the course of their studies at CMU, Actuarial Science students are prepared for the first two actuarial exams – Exam P (Probability) and Exam FM (Financial Mathematics). This means that you don’t just earn a degree from CMU, but you are immediately employable upon graduation.
The Bureau of Labor Statistics recently predicted that actuarial jobs would grow “significantly faster than the average” over the coming decade, while U.S. News and World Report in 2025 ranked Actuary as a “Top Ten Best Job.” If you want a stable, profitable career that allows you to apply your quantitative skills in a meaningful way without the requirement of attending graduate school, consider concentrating in Actuarial Science at CMU. Beyond the coursework, we offer a close-knit department with experienced professors and small class sizes, leading to the development of meaningful relationships that will outlive your time on campus.
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Academic Requirements for Bachelor of Science in Actuarial Science, MathematicsWhat can I do with an actuarial science degree?
Actuaries most commonly work in insurance, finance and accounting, though they can work in other industries as well. An actuary assesses risk and profitability using concepts of probability, statistics, economics and finance.