Pacific is home to the only actuarial science program in Northern California and students who choose to major in actuarial science are provided opportunities to develop strong problem-solving skills that use quantitative methods and appropriate technology. They understand the strengths, limitations and wide applicability of mathematical modeling in a variety of disciplines. The actuarial science major provides students with the necessary background coursework for a career as an actuary.

The actuarial science major is housed within the Department of Mathematics, a close-knit community that focuses on providing a student- centered education. With the mentorship of dedicated professors, students can develop their mathematical reasoning, communication, and problem-solving skills.

A career in Actuarial Science is one of the best options that a student with talents and interests in mathematics, statistics, economics and finance can pursue. It was recently ranked the #1 Best Job of 2015 by CareerCast.com. Pacific is now one of only five schools in California to offer an undergraduate program in actuary science.

Actuaries are professionals who assemble and analyze data to estimate the probability and likely cost of an event such as death, sickness, injury, disability or loss of property.

It is consistently one of the most secure and highest-paying professions available, even during tough economic times. This program offers an opportunity for students to develop the skills expected of entry-level actuaries; equipping them with the tools to help companies and businesses better anticipate and manage risk.

The program also prepares students to take up to five professional actuarial credentialing exams (Exam P, Exam FM, Exam MFE, Exam MLC or Exam C).

DISCOVERACTUARIAL SCIENCEAT PACIFIC

DEPARTMENT OF MATHEMATICS Administrative Assistant Leticia Corona lcorona@pacific.edu | 209.946.2347 visit us at pacific.edu

THE MAJOR

THE EXPERIENCE

THE OUTCOMES

STUDENT VOICE

“I chose to go into the field of Actuarial Science because I felt the need to understand how things work in the business world and I’ve always liked to use mathematics to understand things. I found the perfect combination in the pursuit of becoming an actuary.”

Javier Mexicano, B.S. Actuarial Science

ACTUARIAL COURSES

OVERVIEW

FACULTY

Principles of Financial Accounting. 4 Units.Intermediate Accounting I. 4 Units.Intermediate Accounting I. 4 Units.Introductory Microeconomics. 4 Units.Introductory Macroeconomics: Theory and Policy. 4 Units.Econometrics. 4 Units.Introduction to Statistics and Probability. 4 Units.Calculus I. 4 Units.Calculus II. 4 Units.Calculus III. 4 Units.Applied Differential Equations I: ODEs. 4 Units.Operations Research Models. 4 Units.Introduction to Linear Algebra. 4 Units.

Larry Langley, Associate Professor and Chair Aleksei I. Beltukov, Associate Professor Mouchumi Bhattacharyya, Professor Jialing Chan, Associate ProfessorAlex Dugas, Associate Professor

Degrees OfferedBachelor of Science

Majors OfferedActuarial Science (BS)

OverviewThe primary purpose of actuaries is to analyze the financial costs of risk and uncertainty. Actuaries use mathematics, statistics, and financial theory to assess uncertain future events, especially those of concern to insurance and pension programs, and they help businesses and clients develop policies that minimize the cost of that risk. While most actuaries find themselves working for insurance companies or consulting firms, many also end up working for the government, hospitals, investment firms, or really anywhere that has the need to manage financial risk.

Financial Mathematics I. 4 Units.Financial Mathematics II. 4 Units.Models of Financial Economics I. 4 Units.Models of Financial Economics II. 4 Units.Actuarial Models I. 4 Units.Actuarial Models II. 4 Units.Models of Life Contingencies I. 4 Units.Models of Life Contingencies II. 4 Units.Applied Statistics 4 Units.Probability and Mathematical Statistics I. 4 Units.Mathematical Statistics II. 4 Units.Independent Study. 2-4 Units.Undergraduate Research. 2-4 Units.

Actuaries describe their work as challenging and interesting and generally enjoy a good working environment. The Jobs Rated Almanac has consistently rated "Actuary" as one of the top two or three jobs on a variety of factors.

Several studies have shown that the profession is more open than others to women and members of under-represented minority groups.

According to CarrerCast, actuaries are in high demand (18% projected growth nationwide and 33.3% in California) in the next decade with starting salaries ranging from $45,000 to $55,000. The 2014 mean salary of actuaries in California was $110,000.

Christopher Goff, ProfessorJohn Mayberry, Associate ProfessorSarah Merz, ProfessorDennis Parker, Associate ProfessorKeith E. Whittington, Professor

CATALOG.PACIFIC .EDU | PRINT CATALOG YEAR : 2017- 2018

BUSI 031. BUSI 113A. BUSI 113B.ECON 053. ECON 055.

ECON 190. MATH 037.MATH 051.MATH 053.MATH 055. MATH 057. MATH 072. MATH 075.

MATH 121. MATH 122. MATH 123. MATH 124. MATH 125. MATH 126. MATH 127. MATH 128. MATH 130. MATH 131. MATH 132. MATH 191. MATH 197.