Drake Actuarial Science Degree, Major and Program Information

Highest Degree Offered: Bachelor's
Campus Location: Rural Fringe
Tenure System: Has Tenure System
Students Enrollment: 1,000 - 4,999
Classification: Baccalaureate Colleges--Diverse Fields
Size & Residential Status: Small Four-Year, Highly Residential

A program that focuses on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. Includes instruction in forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods. Find colleges offering actuarial science degree.

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Career Options For Graduates

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Actuaries
Job Description
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits. Read more about actuaries in our career profile section.
Salary and Wages
Des Moines-West Des Moines, IA
- Total Employment: 410
- Average Annual Salary: $91,150
- Average Hourly Rate: $43.82
Projections
- Total Employment (2008): 19,700
- Total Employment Projected (2018): 23,900
- Percent Job Growth: 4.20%
Business Teachers, Postsecondary
Job Description
Teach courses in business administration and management, such as accounting, finance, human resources, labor relations, marketing, and operations research. Read more about postsecondary business teachers in our career profile section.