Learn to analyze risk and uncertainty

Our Actuarial Science degree program will prepare you to analyze and help organizations manage the financial consequences of risk and uncertainty. You’ll learn to interpret stat?istics to determine probabilities of accidents, sickness, death and/or the loss of property from theft, cybercrime, natural disasters and other phenomena. Graduates will be equipped with the skills necessary to sit for actuary certification exams.

In the program, you’ll use mathematics, statistics and financial theory to study uncertain future events, especially those concerning risk management and insurance. As you work toward your Actuarial Science degree, you’ll also learn to apply the laws of probability and statistics to problems, and calculate the financial costs and benefits of insurance for various individuals. Conferences and networking opportunities hosted by DePaul’s Arditti Center for Risk Management provide you with opportunities to explore real-world risk management issues and make industry contacts.

DePaul is located in the heart of Chicago’s financial and business community, giving you access to insurance companies, consulting and investment firms, government agencies and other organizations for internships and jobs after graduation.

Classes

Coursework

• Applied Regression Analysis
• Linear Algebra
• Money and Banking
• Multivariable Calculus
• Principles of Corporate Finance for Actuaries
• Principles of Risk and Insurance
• Probability and Statistics
• Risk Management

Resources

• Major Requirements
• Schedule of Classes
• Department Website

• Combined bachelor's + master's degree offered

Career Options

Common Career Areas

• Actuary
• Assessor
• Claims adjustor
• Cost estimator
• Credit analyst
• Financial planner
• Insurance underwriter
• Risk analyst

More career info

92%

of Actuarial Science graduates were employed, continuing their education or not seeking employment after graduation.

Major Requirements

Course Requirements

In addition to FIN 310 , a student majoring in Actuarial Science is required to complete the following courses totaling at least 44.0 hours:

Course List

Course	Title	Quarter Hours
Required Courses
DSC 341	FOUNDATIONS OF DATA SCIENCE	4
FIN 251	CAREER MANAGEMENT IN ACTUARIAL SCIENCE	0
FIN 365	PRINCIPLES OF RISK & INSURANCE	4
MAT 260	MULTIVARIABLE CALCULUS I	4
MAT 262	LINEAR ALGEBRA	4
MAT 351	PROBABILITY AND STATISTICS I	4
MAT 352	PROBABILITY AND STATISTICS II	4
MAT 353	PROBABILITY AND STATISTICS III	4
MAT 361	THEORY OF INTEREST	4
MAT 368	MATHEMATICS FOR FINANCE	4
or MAT 369	ACTUARIAL SCIENCE SEMINAR
Electives
Select two elective courses to be chosen as a pair from the following:		8
Elective Pair 1
DSC 323	DATA ANALYSIS AND REGRESSION
DSC 324	ADVANCED DATA ANALYSIS
Elective Pair 2
MAT 356	APPLIED REGRESSION ANALYSIS
MAT 358	APPLIED TIME SERIES AND FORECASTING
Elective Pair 3
MAT 359	SIMULATION MODELS AND MONTE CARLO METHOD
MAT 360	GENERALIZED LINEAR MODELS
Elective Pair 4
MAT 362	LIFE CONTINGENCIES I
MAT 363	LIFE CONTINGENCIES II
Elective Pair 5
MAT 364	LOSS MODELS I
MAT 365	LOSS MODELS II
Elective Pair 6
MAT 362	LIFE CONTINGENCIES I
MAT 364	LOSS MODELS I

Career Management Course

Students are required to complete the Career Course (FIN 251) associated with the major. Students who double major may choose the Career Course (250/251) associated with either major provided that hours for graduation are satisfied. Students should take the Career Course as soon as possible.

Open Electives

Open elective credit (8.0 hours) is needed to meet the minimum graduation requirement of 192 hours.

Graduation Requirements

All Finance (FIN) courses and any course used towards the Actuarial Science major must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.