The Actuarial Science program at the University of Central Oklahoma is the only such program in the state of Oklahoma. The course of study was originally designed by Actuaries at American Fidelity Assurance Co. in Oklahoma City. The focus of the degree program is to give students a strong analytical background in the areas of mathematics and statistics as well as the actuarial specific topics such as theory of interest and mathematics of life contingencies.
What is an actuary? An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an actuary is better described as a "business" career with a mathematical basis than as a "technical" mathematical career. More general information about actuaries may be found at www.beanactuary.org.
Scholarships & Tuition Waivers
Incoming freshmen are eligible for a variety of scholarships within the General Academic Scholarship Program. There are multiple scholarships specific to the College of Mathematics and Science.
Actuary career opportunities include:
- Financial Analysis
- Risk Management