Actuary Degree Arcadia University

Arcadia’s Actuarial Science Program falls under the Computer Science and Mathematics department. The university is located in Glenside Pennsylvania, United States and boasts a nearly 100% Job Placement rate in 2018.

Actuary Degree Arcadia University is recognized as a Center of Actuarial Excellence by the Society of Actuaries.

One of the unique curriculum highlights is with its “Capstone” course sequence.  Students design and implement a project for a real client. Two recent project include Long-term care pricing, and Public Pension Plan Mortality trends.

Core Business Requirements

All Actuarial Science students must complete the programs core business courses. These core business courses consist of the following:

• Accounting
• Finance
• Investments
• Macroeconomics
• Microeconomics

Core Math Requirements

The Bachelor of Science in Actuarial Science heir studies with the following courses with will provide them with the mathematical base to continue with their actuary degree:

Calculus I

This introduction to basic calculus includes limits, continuity, the derivative, the definite and indefinite integral, applications.

Calculus II

This continuation of Calculus I investigates further techniques of one-variable calculus, including techniques of integration, and infinite series.

Calculus III

This continuation of Calculus II includes multi-variable calculus and applications.

Linear Algebra

This intensive study of linear algebra includes essentials of finite-dimensional vector-spaces, linear transformation, matrix algebra, systems of linear equations, and determinants.

Writing Mathematics: A Transition to Higher Mathematics

This is the Computer Science and Mathematics Department’s research writing (RW) course. Intended for second-semester sophomores, it focuses on helping students gain facility with the two major types of mathematical writing: clear, concise proofs written for other mathematicians; and explanations of mathematics aimed at non-technical audiences. Writing mathematics is not easily separated from the process of doing mathematics, so while writing takes center stage throughout the course, there are a number of important mathematical concepts that also are covered. Exposure to these topics and the ability to express them clearly will serve students well in all future higher-level math coursework. This course is required of transfers in mathematics and actuarial science even if they are exempt from the Research Writing (RW) portion of the Arcadia University Curriculum.

Probability

This is a study of combinatorics, discrete and continuous random variables of one and two dimensions, expectations, commonly used probability models, and normal approximation.

Mathematical Statistics

This is a study of sampling theory, sampling distribution, confidence intervals, hypothesis testing, linear regression and related topics.

The Mathematical Theory of Interest

This course uses a problem-solving approach to introduce students to the mathematical theory and practice of interest. Much of the class time is spent solving problems similar in scope and level of difficulty to those in the actuarial exam on Mathematical Finance. The course covers the measurement of interest; equations of value; annuities, yield rates, amortization schedules and sinking funds; bonds and other securities; and recent, practical applications.

Derivative Markets

This is an introduction to the mathematics and finance necessary to understand financial derivatives.

Actuarial Seminar

The purpose of this course is to develop knowledge of the fundamental tools for assessing risk. The application of these tools to problems encountered in actuarial science is emphasized. A thorough command of calculus and probability topics is assumed. Students learn the basics of risk management and risk theory. Students completing this course will be prepared for Exam P of the Society of Actuaries.

Mathematics Capstone

In this course, students will develop their writing, research, and presentation skills, culminating in a substantial research project to satisfy Arcadia University’s Capstone requirement.

All first-year students are to complete the following when applying for the Actuary Degree at Arcadia University:

• Online Application
• Submit their High School Transcripts
• Submit their ACT or SAT scores
• One letter of recommendation from your academic subject teacher

Course Information for Arcadia University Actuarial Sciences has been obtained from the University’s website.