Actuarial Science Scholarships - applications are now open!

Actuarial science scholarships are open to students who are declared actuarial science majors and have taken or are currently enrolled in at least one 400-level actuarial science course.  Applications for 2021-22 scholarships are now open and are due November 22, 2021.  For more detailed instructions, see the application form.

DEGREE OVERVIEW

Engage in creative and critical thinking, while applying calculus, statistics and probability. Let CWU help you prepare for one of the top-ranked jobs in America!

An actuary uses specialized mathematical skills from probability and statistics to define, analyze, and solve financial and social problems. Actuaries create and manage insurance programs that reduce the adverse financial impact of both expected and unexpected things that happen to people, such as illnesses, accidents, and death. In addition, actuaries design pension programs, making sure there are sufficient resources to pay retirement and death benefits while also charging participants in the insurance or retirement plan a fair price.

The Bachelor of Science in Actuarial Science listed below is designed to prepare a student in both the mathematics and business areas necessary for success in the rigorous but rewarding actuarial profession.

Our Program

• Ranked as an advanced undergraduate program by the Society of Actuaries
• Advanced actuarial courses are taught by four fulltime tenure-track faculty members with PhDs.  Two of these faculty members are Associates of the Society of Actuaries, making us the only program in Washington/Oregon/Idaho with two credentialed actuaries on the faculty.
• Central's Actuarial Science Program is the only major program offered in the State of Washington and one of very few on the US West Coast.
• Degree Outcomes
• Have questions?  Please see our FAQ page.

REQUIRED COURSES

    ACCT 251 - Financial Accounting Credits: (5)
       OR ACCT 301 - Accounting Skills for Non-Business Majors: (5)
    CS 110 - Programming Fundamentals I Credits: (4)
       OR CS 105 - Logical Basis of Computing Credits: (4)
    CS 367 - Advanced Visual Basic Programming Credits: (4)
    ECON 201 - Principles of Economics Micro Credits: (5)
    ECON 202 - Principles of Economics Macro Credits: (5)
    FIN 370 - Introductory Financial Management Credits: (5)
    FIN 475 - Investments Credits: (5)
    MATH 172 - Calculus I Credits: (5)
    MATH 173 - Calculus II Credits: (5)
    MATH 265 - Linear Algebra I Credits: (4)
    MATH 272 - Multivariable Calculus I Credits: (5)
    MATH 273 - Multivariable Calculus II Credits: (5)
    MATH 311 - Statistical Concepts and Methods Credits: (5)
      OR MATH 314 - Probability and Statistics Credits: (5)
    MATH 410A - Advanced Statistical Methods I Credits: (4)
    MATH 410B - Advanced Statistical Methods II Credits: (4)
    MATH 411A - Probability Theory Credits: (4)
    MATH 411B - Mathematical Statistics I Credits: (3)
    MATH 411C - Mathematical Statistics II Credits: (3)
    MATH 418A - Financial Mathematics I Credits: (4)
    MATH 418B - Financial Mathematics II Credits: (4)
    MATH 418C - Financial Mathematics III Credits: (4)
    MATH 489A - Actuarial Seminar: Predictive Analytics and Actuarial Modeling Credits: (3)

Select one of the following sequences - Credits: 11

Total Credits: 106 

Recommended Courses
IT258 - Spreadsheet Applications Credits: (3)
IT260 - Integrated Information Technology Application Projects Credits: (5)
IT359 - Advanced Spreadsheet Applications Credits: (4)
IT469 - Enterprise Database Systems: SQL Credits: (4)
ECON 401 - Intermediate Microeconomic Analysis Credits: (5)
ECON 402 - Intermediate Macroeconomic Analysis Credits: (5)

CONTACT

Dr. Yvonne Chueh, ASA > chueh@cwu.edu | 509/963.2124

Dr. Sooie-Hoe Loke > SooieHoe.Loke@cwu.edu | 509/963.2602

Advisor Dr. Kathy Temple, ASA > Kathryn.Temple@cwu.edu | 509/963.1389

Dr. Sahadeb Upretee > Sahadeb.Upretee@cwu.edu | 509/963.2104

Math Department >

Brenda Bland
BlandB@cwu.edu
509/963.2103
F 509/963.3226

The Mathematics Department is located in Samuelson Building.

CAREER INFORMATION

Links

Be an Actuary > www.beanactuary.org

Actuarial Major Interview > http://www.valuepenguin.com/central-washington-university-actuarial-science-graham-and-vicky-dyer

Society of Actuaries > www.soa.org

Casualty Actuarial Society > www.casact.org

American Academy of Actuaries > www.actuary.org

International Actuarial Association > http://www.actuaries.org/

Degree Outcomes

Graduates will be able to:

• use statistical methods to analyze and model time-independent and time-series data.
• use statistical methods and credibility theory to analyze and model insurance loss data.
• formulate actuarial problems in mathematical, probabilistic and statistical terms.
• apply common probability distributions to actuarial applications.
• apply concepts of differential and integral calculus to actuarial problems.
• employ simulation techniques to analyze and solve dynamic and complex stochastic and mathematical models.
• use programming languages such as C++, S, or Visual Basic.
• communicate results and solutions of mathematical, statistical, and actuarial problems in writing using every day and mathematical language.
• communicate mathematical and statistical solutions orally, using both every day and mathematical language.

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