Actuarial science is the study of risk in
the insurance and finance industries. Actuaries use their skills in
mathematics, probability, statistics, and economic theory to assess the
financial impact of uncertain events. For example, an actuary might determine
the likelihood that a particular natural disaster will occur and then estimate
the expected financial losses from that event. Actuarial science is a growing
field with many job opportunities. Actuaries generally work for insurance
companies, but they may also work for consulting firms, banks, and other
businesses. Actuarial science courses prepare students for careers as
actuaries, but they also provide valuable skills for other jobs in business and
finance. Students interested in actuarial science should take courses in
mathematics, probability, statistics, and economics. Many colleges and
universities offer actuarial science programs at both the undergraduate and
graduate levels. Actuarial science is a challenging field, but it can be very
rewarding for those who are up to the task.
