Actuarial Program Recognized for Advanced Curriculum

 
Truman recently earned a new status in rankings compiled by the Society of Actuaries.
 
Among the organization’s listing of Universities & Colleges with Actuarial Programs (UCAP), Truman is now categorized for having Advanced Curriculum. Truman is one of only four public universities in the state, and one of only 79 schools nationally, with that designation or higher from SOA.
 
Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, pension, finance, investment and other industries. It involves analyzing the financial implications of uncertain future events, making it a crucial field for managing risk and ensuring financial stability.
 
Placement in the SOA list is based on how many topics schools prepare students for in advance of actuarial exams. The University recently underwent an application and review process with SOA and was approved for exams FAM and ASTAM, bringing Truman’s total coverage to exams P, FM, FAM and ASTAM, as well as and the Validation by Educational Experience (VEE) topics of economics, accounting and finance, and mathematical statistics.
 
“This move will make our program more attractive to students who are looking for actuarial programs and will have the potential to prepare our students better for the workforce,” said Tim Walston, dean of the School of Science and Mathematics. “With our curriculum, students will now be able to pass two to three exams prior to graduation and have the foundational knowledge to take and pass the fourth exam shortly after they are hired.”
 
Another benefit of being a UCAP-AC school is that Truman can now file for exam fee reimbursement for up to three students who pass one of four advanced actuarial exams.
 
At Truman, the actuarial science program is a multi-disciplinary minor requiring courses from mathematics, computer and data sciences, and business and economics. For more information, including details on prerequisites and suggested coursework for a career in the field, click here, or contact Sunghoon Chung, assistant professor of statistics, at schung@truman.edu.