A World-Class Program Combining Mathematics and Business
Actuaries are business professionals who use mathematical tools to analyze and manage risk. They are hired by insurance companies, banks, consulting firms, healthcare organizations, governments, and more. Actuaries enjoy high pay, high job security, and great work-life balance. According to the U.S. Bureau of Labor Statistics, the field is expected to grow 22% from 2016 to 2026, and the median annual wage for actuaries is more than $100,000 per year.
LVC actuarial science graduates are in high demand. Our students’ employment rate is nearly 100 percent, year after year. Almost all our seniors receive job offers well before graduation. Most of our majors obtain paid summer internships in the actuarial industry, and many complete two or more. Local and national companies visit campus to recruit students—including many of the 100 firms that employ LVC actuarial science graduates.
LVC actuarial science majors gain technical expertise in mathematics, probability, statistics, economics, finance, and computer programming, while becoming adept speakers, writers, and problem solvers. You’ll acquire the foundational tools to define, analyze, and solve actuarial science problems through rigorous coursework and internships.
Actuaries become credentialed through a series of exams administered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Our curriculum fully covers the content of all seven preliminary SOA exams and nearly all the content of the preliminary CAS exams. Our faculty work every year to update our course offerings to match the rapidly changing SOA and CAS curricula.
Our students have astonishing success in passing actuarial exams. For the past decade, our students passed on average 2.5-3.5 exams before graduating. More than half of our students pass four or more exams in many years. Our students’ exam pass rates are among the highest in the world.
Why Actuarial Science at LVC?
LVC actuarial graduates are employed by more than 100 national and central Pennsylvania firms, including Aetna, The Hartford, The Chubb Group, ING, Towers Watson, Guardian Life, Conrad Siegel Actuaries, Voya Financial, and Capital Blue Cross. Alumni have reached all positions in their companies, including president, vice president, CFO, and assistant vice president, and several have become members of LVC’s Board of Trustees. See our alumni list and their first positions here.
More than 175 of our alumni are credentialed actuaries. Learn more about the credentialing process for the Society of Actuaries and the Casualty Actuarial Society, and view our credentialed alumni list.
Nearly all our actuarial science juniors spend their summers working at a paid internship in the industry, and many sophomores do too. Internships provide valuable industry experience and help students evaluate actuarial science career options. See our students’ internship positions here.
Professional success naturally follows from student achievement. We require majors to pass at least one actuarial exam administered by the SOA or CAS before graduation. For more than a decade, LVC students have passed an average of 2.5-3.5 exams before graduating. For many graduating classes, the median number is four exams passed. See our students’ exam pass list here. Our curriculum covers all content for the SOA’s preliminary exams and nearly all the content for the CAS exams.
Our students’ success stems from our emphasis on the learning process. Our students learn to extract technical information, master it, and then explain it. Employers seek our graduates because they are articulate and technically proficient, a rare combination.
It’s such a rare skill to teach yourself something new from such technical material, but it’s a hallmark of the LVC actuarial degree.