Actuarial Science

Are you intrigued by numbers and statistics, but also have a keen interest in the world of business? Are you logical and able to communicate clearly? You might be ready for a challenging and rewarding career as an actuary as soon as you graduate from Edinboro's Actuarial Science program.

20%

Job

Growth

A High-Paying, In-Demand Field.

According to the U.S. Bureau of Labor Statistics, the median annual wage for actuaries was $108,350 in May 2019. Employment is expected to grow 20 percent from 2018-2028, much faster than most occupations. Experienced Actuarial Fellows can expect to earn $150,000 to $250,000 annually, according to the Society of Actuaries.

Why Choose Edinboro?

The Society of Actuaries (SOA) gives our program high marks. In fact, PennWest Edinboro's Actuarial Science major is ranked first among all PASSHE schools.

Approximately 95% of our graduates are employed within a few months of graduation. They go on to enjoy successful careers at nationally known insurance companies, financial institutions and government agencies, including:

Commonwealth of Pennsylvania
Erie Insurance
Gateway Financial Group
National Fuel
Ohio National Financial Service

Why Become an Actuary?

Hear first-hand from our alumni and professionals in the field.

I work with many other departments and individuals throughout the entire company, from marketing to programmers. If you are someone who wants to keep learning and doesn't mind the challenge of being put into new situations that you need to quickly adapt to, then this is the career path for you. Every day is a challenge and that makes every day fun.

Corey Wilkosz '08,

Assistant VP of Life Product Management, Ohio National, Cincinnati OH

How Edinboro Supports You.

Our rigorous program gives you a leg up over other university programs. Start with a solid foundation in economics, corporate finance and applied statistical methods. These courses meet the Validation by Educational Experience (VEE) requirement for all actuaries. Add on support from our expert faculty and coursework in accounting, social and behavioral sciences, ethics and computer science and you'l be up for any challenge.

Before you graduate, you'll be eligible to take the first two professional actuary exams - Probability and Financial Mathematics. Our Department offers dedicated preparation courses for each exam (STAT 380 and MATH 381, respectively). With VEE requirements met and a professional exam or two under your belt, you'll be a highly qualified prospective employee on day one!

Your Future

As an actuary, you will be in high demand in a variety of businesses. You won't just be a number-cruncher; you will apply logic to statistics, analyze the financial cost of risk and uncertainty, and help financial institutions decide whether or not they can take on more debt.

Actuaries are essential to the insurance industry but do so much more than determine the cost of car or life insurance. For example, actuaries model the financial impact of natural disasters like hurricanes and earthquakes.