Actuarial science is a field that combines mathematics, statistics, computer science and economics to price risk in areas such as insurance and finance. As a profession, actuarial science continually experiences high job satisfaction, low unemployment, very competitive compensation, and diverse opportunities for advancement and growth. It is routinely ranked as a "Top-10" job among major career ranking systems such as Forbes, US News & World Report, and CNN - Money. Albion College provides interested students two excellent study options designed to meet the broad educational needs required by students to be nimble and successful in a dynamic and ever-changing career field.
Albion's 4-year traditional actuarial science program requires students to complete a specialized Bachelor of Arts degree in mathematics along with supporting work in economics to prepare graduates for actuarial examinations and the corresponding competitive workplace. In addition to providing graduates with a strong technical foundation, this track also fully immerses students in Albion's 4-year liberal arts education that nurtures the interpersonal communication skills and diverse perspective development essential to success in the modern workplace. This route prepares students to complete all of the Introductory I part of the ASA Pathway required to become an Associate of the Society of Actuaries (ASA), training that can be sufficient for successful employment in the actuarial field.
Albion's 5-year innovative and unique dual-degree program in actuarial science (DDPAS) gives participating students the best of two worlds — a solid foundation in the liberal arts (including excellent training in mathematics, statistics, computer science, and economics) plus the expertise, industrial experience, and networking only available in dedicated actuarial science programs at leading universities.
DDPAS students complete three years at Albion college studying the fundamental components of actuarial science (math, computer science, & economics) as well as most of the rich and diverse Albion College liberal arts core. Students then transfer to an approved actuarial science program at a major university where they spend two additional years studying actuarial science in depth, typically completing an actuarial science internship along the way. Students in this program complete the Introductory I & II parts of the ASA Pathway, as well as most (if not all) of the skills necessary to complete the ASA Pathway. Upon graduation students earn a bachelor's degree in actuarial science from the transfer school and a Bachelor of Arts degree in mathematics from Albion College.