Actuarial science applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. Actuarial science includes a number of interrelating disciplines, in particular the mathematics of probability and statistics. In the life insurance industry, traditional actuarial science focuses on the analysis of mortality and the production of life tables, and the application of compound interest. More recently, actuarial science has come to embrace more sophisticated mathematical modeling of finance. Ideas from financial economics are also becoming increasingly influential in actuarial thinking.
This is an emphasis area of the following major:
Common Career Paths
You can do nearly anything with a Mizzou degree, but here are some common career paths taken by graduates of this major:
- Actuaries
- Budget Analysts
- Cost Estimators
- Financial Quantitative Analysts
- Financial Risk Specialists
- Market Research Analysts and Marketing Specialists
- Mathematical Science Teachers, Postsecondary
- Mathematicians
- Natural Sciences Managers
- Personal Financial Advisors
- Secondary School Teachers
- Securities, Commodities, and Financial Services Sales Agents
- Statisticians