Actuarial Science
Actuarial Science Concentration Advisor
Dr. Jean Lemaire - 3404 SH-DH (215-898-7765)
Actuarial science stands at the intersection of risk and money. Actuaries are experts in evaluating the likelihood and financial consequences of future events, designing creative ways to reduce the cost of undesirable events, and decreasing the impact of tragic events that do occur. They are in great demand by insurance companies, consulting firms and financial institutions. A student with strong mathematical aptitude graduating with an actuarial science concentration will be prepared to pass the first four examinations given by the Society of Actuaries.
Required:
- INSR 251 Fundamentals of Actuarial Science I
- INSR 252 Fundamentals of Actuarial Science II
- INSR 260 Applied Stat. Methods for Actuaries
One of:
- INSR 210 Financial Strategies and Analysis: Insurance
- INSR 221 Employee Benefit Plan Design and Financing
- INSR 230 Managing Pure Risks: Operations and Markets
- INSR 253 Actuarial Statistics (recommended)
A student concentrating in Actuarial Science should take 2 calculus courses in his or her freshman year. STAT 430-431 is recommended in place of STAT 101-102.
For students who are considering Actuarial Science as a concentration and who wish to further explore this option before declaring, the first class of INSR 251 (the first Thursday of the fall semester) is always devoted to a presentation of the profession of actuary and of the actuarial program here at Penn. Any student interested in learning more about this is welcome to attend the first class.
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