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Actuarial Science and Finance Major

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As a student in Bethel’s actuarial science and finance program, you’ll be equipped to help businesses manage risk and make informed decisions. In addition to developing your expertise in finance, economics, statistics, probability, and computer coding, you'll also practice teamwork, communication, and ethical decision-making. Together, these skillsets will prepare you to become a successful actuary.

Why should I study actuarial science and finance?

Ethical leadership is both a value and a skill that will be instilled in you throughout your Bethel education. As an actuary, you will be a well-respected and influential professional who helps businesses make future-focused decisions. Actuarial positions typically rate highly in job satisfaction categories, such as wages, professional and promotional opportunities, flexibility, and respect of others. Demand for actuaries is projected to increase by 20% through 2028, beating the average by 15%.

What can I do with this degree?

Actuaries work in a wide variety of contexts, most commonly for:

  • Insurance companies
  • Investment firms
  • Government agencies

In the context of insurance, for example, actuaries work with all sectors within a company. Projects might include designing insurance products that are competitive, profitable, and beneficial to customers or ensuring the accuracy of financial statements.

Actuaries have a low unemployment rate of 2.3% with a median salary of $108k.

What skills will I develop?

  • Business
  • Finance
  • Economics
  • Statistics
  • Probability
  • Computer coding

What unique experiences or opportunities will I have?

  • $8,000 scholarship opportunities unique to the actuarial science and finance major
  • Active integration of Christian values into financial principles
  • Advanced mathematical skills and preparation necessary to pass various actuarial exams
  • Completion of required actuarial coursework called Validation by Educational Experience (VEE)
  • The opportunity to take up to four actuarial exams while in the program
  • An internship to connect classroom learning to practical experience

Academic Plans and Course Catalog

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