The general entry requirements for an Actuarial Science program may include the completion of courses in calculus, computer science and other subjects. The actual requirements may vary from one university to the next.
Depending on the program, admission to the university or college may not guarantee acceptance into an Actuarial Science program. Students may have to submit an application to the program and demonstrate that they have completed all prerequisites. Other courses that Actuarial Science programs may require for applicants include linear algebra, statistics, economics and financial mathematics. Programs may also require coursework focused on developing communication skills. In addition, programs may expect students to have achieved a minimum grade in these courses.
Once admitted to the program, students can expect to take further course work on statistics and economics. Required course work will also cover subjects of specific interest to actuaries. These courses may include topics such as forecasting, credibility and survivor analysis.
Actuarial Science programs have these requirements because students need to pass professional exams before they can become actuaries. The exams are offered by the Society of Actuaries and the Casualty Actuarial Society. Actuaries are risk management professionals who can find positions in various organizations including insurance companies, pension plans and government agencies.