Actuaries are professionals who help businesses to assess the risk of certain events occurring. About six out of ten actuaries are employed in the insurance industry. Actuaries assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as death, sickness, injury, disability or loss of property. It is consistently one of the most secure and highest-paying professions available, even during tough economic times. Annual starting salaries for graduates with a bachelor degree in actuarial science can be as high as $50,000.
Jobs Rated Almanac and Money Magazine have consistently rated “actuary” among top jobs based upon its satisfaction, salary and likelihood to remain in high demand for years to come. Of 200 professions recently studied, the job of actuary was rated No. 2 in a survey of the following factors: work environment, income, employment outlook, physical demands and stress.
Source: The Wall Street Journal, Jan. 26, 2009
Jobs in actuarial science include:
The University’s Career Center is an important resource for students pursuing their careers. Licensed counselors are available to provide strategies for mastering job interviews, writing professional cover letters and resumes, and connecting with campus recruiters, among other services.
Students must take 120 hours to graduate: 42 hours from the University’s core curriculum and 77 hours in the major, plus elective requirements, where students can tailor their learning experience more closely to their interests.
Strong math skills and an interest in math ensure a solid foundation for your career as an actuary.
Actuaries achieve their full professional status by passing a series of actuarial examinations sponsored by The Society of Actuaries (SOA) and The Casualty Actuarial Society (CAS). The first four exams in the SOA and CAS examination series are jointly sponsored and test an individual’s competence in probability, statistics, finance and actuarial science.
Actuarial science students at UT Dallas enjoy the benefit of applying for summer internships at many of the Dallas area’s leading insurance and consulting companies.
UT Dallas’ School of Natural Sciences and Mathematics offers degree programs for undergraduate and graduate students in biology, chemistry, geosciences, mathematics and physics. In addition to regular coursework, undergraduates are encouraged to participate in research alongside the faculty and graduate students. From the world-renowned Alan G. MacDiarmid NanoTech Institute, headed by Dr. Ray Baughman, to the William B. Hanson Center for Space Sciences—where Dr. John Hoffman helped discover water on Mars—the science education at UT Dallas is a hands-on, high quality experience for undergraduates and graduate students alike.
The UTeach Dallas program offers students the possibility of completing the requirements for high school teacher certification along with their regular BS or BA degrees.
Bachelor of Science: Actuarial science, biochemistry, biology, chemistry, geosciences, mathematics, molecular biology, physics
Bachelor of Arts: Biology, chemistry, physics
Master of Science: Actuarial science, bioinformatics and computational biology, biology-molecular and cell, biotechnology, chemistry, geosciences, mathematics, physics
Master of Arts: Teaching in mathematics education, teaching in science education
Doctor of Philosophy: Biology-molecular and cell, chemistry, geosciences, mathematics, physics
Postbaccalaureate certificate in biomedical science
Department of Mathematical Sciences
School of Natural Sciences and Mathematics
The University of Texas at Dallas
800 West Campbell Road
Richardson, TX 75080-3021
Dr. Dennis L. Miller
Associate Dean for Undergraduate Studies