Gain a Diverse Set of Practical Skills with an Actuarial Mathematics Bachelor’s Degree
As an actuary, you would take your applied math skills and focus them on identifying opportunities over long periods of time. Businesses, insurance companies, and financial institutions are looking for people with actuarial math skills. They need individuals who can help enhance the consumer experience based on their past purchases, behavior, and interests. A large part of an actuary’s skills will involve the mathematical science of probability.
By pursuing a B.S. in Computational Mathematics – Actuarial from Liberty University, you can be better prepared for actuarial exams and employment. Through this program, you will complete the coursework necessary to earn 2 Validation by Education Experience (VEE) credits, and you will be introduced to the material in the first actuarial exam. Passing the preliminary actuarial exams and earning VEEs are necessary for entry-level actuarial employment.
One of the reasons actuaries are highly sought after is their ability to analyze risk. You will learn how to develop equations and solve problems such as likely life expectancy and premium rates based on an individual’s risk factors. If you want a lucrative career, you can gain a valuable skill set through our computational mathematics degree that can help you get there.
Why Choose Liberty’s Computational Mathematics – Actuarial Degree?
At Liberty, we want you to earn a degree that prepares you for success in life and your chosen career path. Our actuarial mathematics degree can give you the skills needed to start in this high-demand, high-paying job field. The Bureau of Labor Statistics reports that the median yearly salary for an actuary in 2019 was $102,880, and the projected job growth is much faster than average at 20% over the next 10 years.*
We want you to learn from the best professors in a program designed for practical application. Our mission is to equip you for your actuarial exams or graduate school through this program. Additionally, we want to help you learn ethical principles from a Christian perspective that can be applied to your future career.
What is an actuary?
Actuaries perform many tasks, which include:
- Advising insurance companies on how much money they need to set aside to cover future insurance claims
- Designing pension and healthcare plans
- Predicting how much money will be needed to cover damages that may be caused during future hurricanes
- Using statistics to estimate risks
The skills you gain in our actuarial math program will prepare you for not only actuary jobs but also other areas where your statistical math skills might come in handy. You could become a financial advisor, investment banker, or even work with computer scientists and engineers to develop systems and products.
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Actuaries, (visited June 24, 2020). Cited projections may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth.
What Will You Learn in Our Computational Mathematics – Actuarial Degree?
Liberty University’s B.S. in Computational Mathematics – Actuarial degree provides foundational courses in English, the sciences, and research as well as courses teaching Christian principles. These courses will help guide you through your professional life no matter what career path you take.
With a major in applied mathematics, you’ll take all the core courses you need to set yourself up for success in any math-based field. Your courses will include topics like probability, analytic geometry, and calculus. This degree will also focus on other math-related subjects like applied differential equations and mathematical modeling and simulation to help you gain the practical experience you need for various industries.
Our actuarial specialization will provide further training to help you succeed in the world of business, finance, and insurance. You will learn to analyze microeconomic issues, including market structures, government regulations, labor market, financial market, and international trade. You will also study macroeconomic problems, including business cycles, unemployment, and inflation. Your courses will generally cover financial and managerial accounting, corporate finances, marketing, investments, application programming, and economics.
- ACCT 211 – Financial Accounting
- BUSI 320 – Corporate Finance
- MATH 211 – Introduction to Statistical Analysis
- MATH 441 – Probability I*
*course guide coming soon
Highlights of Our Actuarial Mathematics Degree
- We are recognized by multiple institutions for our academic quality, affordability, and accessibility. Our commitment to excellence also helped us rank among Niche.com’s top 5 online schools in America. Earning your online degree from a nonprofit university with this kind of recognition can help set you apart from others in your field.
- Your success is our success, which is why we are committed to providing quality academics at an affordable tuition rate. While other colleges are increasing their tuition, we have frozen tuition rates for our undergraduate, graduate, and doctoral programs for the past 7 years – and counting.
- To continue our mission of providing affordable education, electronic textbooks are provided for all undergraduate courses at no cost to you. As a full-time student, this could save you an estimated $800-2,000 per year on textbooks!
- You could complete your B.S. in Computational Mathematics – Actuarial in as little as 3.5 years!
- Actuarial math is the fastest growing area in mathematics.
- All of our professors have real-life experience in the field and teach courses from a biblical worldview.
- You will learn how to solve problems with math by focusing on creating solutions.
- Students are well-prepared to work in business, finance, or insurance.
- The program is managed according to the standards of the Society of Actuaries.
Computational Mathematics Degree Information
- This program falls under the College of Arts and Sciences.
- View the Degree Completion Plan.
- View the Undergraduate Arts and Sciences Course Guides (login required).
Military Benefits for Our Online B.S. in Computational Mathematics
Liberty University is dedicated to providing world-class educational experiences to military students across the globe. Whether you are a current service member, discharged or retired from service, or the spouse of a service member or veteran, we are here to support you every step of the journey.
As a thank-you for your dedication and service to our country, Liberty is honored to serve and support you in your pursuit of online education by offering the following benefits:
- Tuition discounts – $250 per credit hour for undergraduate courses
- Additional discount for veterans who serve in a civilian capacity as a First Responder (less than $565 per course)
- 8-week courses, 8 different start dates each year, and no set login times (may exclude certain courses such as practicums, internships, or field experiences)
- Potential college credit for military training
Career Opportunities for Computational Mathematics – Actuarial Graduates
- Applied mathematics advisor
- Data analyst
- High school teacher**
- Operations researcher
- Statistics engineer
*Requires actuarial exams
**Teaching license required
Admission Requirements for Undergraduate Degrees
Applicants must have a 2.0 or above cumulative GPA for admission in good standing. Please visit our admission requirements page for more detailed admissions-related information.
All applicants must submit the following:
- Admission application
- Application fee*
- Official college transcripts
- Unofficial college transcripts may be accepted with a completed official transcript request form**
- High School Self-Certification form and official high school transcripts within first 12 credit hours
- Proof of English proficiency (for applicants whose native language is other than English)
*There is no upfront application fee; however, a deferred $50 application fee will be assessed during Financial Check-In. This fee is waived for qualifying service members, veterans, and military spouses – documentation verifying military status is required.
**An official transcript is needed within 60 days of acceptance or before non-attendance drops for the first set of matriculated classes, whichever comes first.