Lindenwood University was one of four Missouri universities appearing in the Society of Actuaries’ (SOA) listing of Universities and Colleges with Actuarial Programs (UCAP). The SOA first announced Lindenwood’s inclusion in the list on Oct. 6. The UCAP list includes actuarial programs that maintain course coverage for at least two actuarial exams and have approved courses for at least one Validation by Educational Experience (VEE) topic.
The BA in mathematics with actuarial studies emphasis and BS in mathematics with actuarial studies emphasis degree programs offered by the Mathematics Department include coursework that provides students with all the tools they need to be successful on the first two actuarial exams (Exam P and Exam FM). There are also opportunities for motivated students to receive independent study credit while preparing for the third exam (Exam MFE). The programs also allow students to get coursework requirements to becoming actuaries, including two VEEs, Economics and Corporate Finance, and half of Applied Statistical Methods. Students interested in enhancing their knowledge of business concepts may also opt to pursue one of two finance minors.
“Being recognized by the SOA confirms that Lindenwood has a strong actuarial program that provides its students the resources necessary to be successful in their careers,” said Robbie Beane, associate professor of mathematics. “Inclusion in the UCAP list also ensures that Lindenwood will receive advance notification of any potential changes in the examination process, allowing us time to adjust our curriculum as needed.”
Actuaries are business professionals who use mathematical and statistical problem-solving skills to study the financial impact of risk and uncertainty. Actuaries perform a vital role within the insurance industry, but they can also be found working for universities, investment firms, hospitals, and many other types of organizations.
“Actuaries tend to earn high incomes and are always in high demand,” Beane said. “Studies consistently rank actuary among the top jobs in the U.S., often as the No. 1 job.”
The Society of Actuaries (SOA) is the largest professional organization for actuaries. The SOA administers the preliminary exams that must be taken by all individuals seeking actuarial designation, and is one of two primary organizations that grants actuarial designations.