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Actuarial Science

Washburn University is proud to be the only school in the state of Kansas that has an actuarial science program recognized by the Society of Actuaries as an advanced undergraduate program. Our coursework prepares majors in this program to be able to pass the first two examinations of the Society of Actuaries.

Actuaries analyze the financial costs of risk. They use mathematics, statistics and financial theory to assess risk, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry, and many actuaries are employed within the insurance industry. Others apply their expertise to financial matters outside of the insurance industry, such as developing investment strategies that manage risks and maximize returns for companies or individuals. Actuaries can also work in public sector or as consultants on a contract basis.

A bachelor's degree in actuarial science is available as a bachelor of science or a bachelor of arts. While the core mathematics courses are the same, the other courses required vary. A bachelor of science requires a minor from the natural sciences: biology, chemistry, physics & astronomy, or computer information science. A bachelor of art requires more hours from the humanities and social sciences.

 

"Washburn University's Actuarial Science program provided the opportunities I needed to position myself higher than actuarial students coming out of other universities. The program provided classes that prepared me for great success in the preliminary exams, helping me pass several exams before graduation. If I hadn't decided to go to Washburn for Actuarial Science, I don't think I would've had half the success I've had in this field." - Brian Oxendine, '14, ASA-designated actuary

Course Number Course Title Credit Hours
MA 151 Calculus and Analytical Geometry I 5
MA 152 Calculus and Analytical Geometry II 5
MA 250 Theory of Interest 3
MA 253 Calculus and Analytical Geometry III 3
MA 301 Linear Algebra 3
MA 343 Applied Statistics 3
MA 344 Mathematical Statistics I 3
MA 345 Mathematical Statistics II 3
MA 346 Regression Analysis 3
MA 347 Stochastic Processes 3
MA 348 Time Series 3
MA 385 Actuarial Mathematics 3
AC 224 Financial Accounting 3
AC 225 Managerial Accounting 3
EC 200 Principles of Microeconomics 3
EC 201 Principles of Macroeconomics 3
BU 374 Principles of Risk & Insurance 3
BU 381 Business Finance 3
BU 483 Investment 3

We also offer MA 271 and MA 349 that are one hour courses designed to prepare students for Actuarial Science Examinations. They are offered on demand or an out-of-sequence basis.

GET IN TOUCH WITH Department of Mathematics & Statistics

Department of Mathematics & Statistics
Morgan Hall, Room 250
1700 SW College Ave.
Topeka, KS 66621

Phone & Email
Phone: 785.670.1491
linda.wilson1@washburn.edu

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Washburn University prohibits discrimination on the basis of race, color, religion, age, national origin, ancestry, disability, sex, sexual orientation, gender identity, genetic information, veteran status, or marital or parental status. The following person has been designated to handle inquiries regarding the non-discrimination policies: Dr. Pamela Foster, Equal Opportunity Director/Title IX Coordinator, Washburn University, 1700 SW College Ave, Topeka, Kansas 66621, 785.670.1509, eodirector@washburn.edu.

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