What is an Actuary? An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. Actuaries may work for insurance companies, consulting firms, government, employee benefits departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an Actuary is better described as a "business" career with a mathematical basis than as a "technical" mathematical career.
More general information about Actuaries can be found at www.beanactuary.org
Actuarial Studies at UCO (degree requirements)
The Actuarial Science Program at the University of Central Oklahoma is the only such program in the state of Oklahoma. The course of study was originally designed by Actuaries at American Fidelity Assurance Co. in Oklahoma City. The focus of the degree program is to give students a strong analytical background in the areas of Mathematics and Statistics as well as the actuarial specific topics such as Theory of Interest and Mathematics of Life Contingencies. Students have the opportunity to earn VEE credit in all three areas of Economics, Corporate Finance and Applied Statistical Methods: VEE credit at UCO.