Diversify Your Skill Set with an Actuarial Mathematics Bachelor’s Degree
Businesses, insurance companies, and financial institutions are looking for people with actuarial math skills. They need people who can help enhance the consumer experience based on their past purchases, behavior, and interests. Banks, insurance companies, and investment and securities firms have come to rely on the skills of actuaries.
By pursuing a B.S. in Applied Mathematics and Statistics – Actuarial from Liberty University, you can be better prepared for actuarial exams, internships, and 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.
So what are you waiting for? You want a lucrative career, and you need a valuable skill set to get you there. Pursuing our actuarial mathematics degree means gaining the knowledge and tools needed to work in a variety of rewarding fields.
Award-Winning Campus
At Liberty, you’ll find an affordable, high-quality education that equips students like you for the real world. Our commitment to excellence helped us rank among Niche.com’s Top 3 college campuses in America. Earning your degree from a nonprofit university with state-of-the-art resources like ours can help set you apart from your peers.
Why Choose Liberty’s Bachelor’s in Applied Mathematics and Statistics – Actuarial Degree?
At Liberty, we want you to earn a degree that prepares you for success in life and in 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 pay for an actuary was $102,880 and the projected job growth is much faster than average at 20% over the next 10 years.*
What Does an Actuary Do?
- Advise insurance companies how much money they need to set aside to cover future insurance claims
- Design pension and healthcare plans
- Predict how much money will be needed to cover damage for future hurricanes
- Use 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 will come in handy. You could become a financial advisor, investment banker, or even work with computers and engineers to develop systems and products.
We want you to learn from the best professors in the best degree program so you’re prepared to start your career upon graduation or apply to the graduate school of your choice. Plus, we want to help you learn ethical principles from a Christian perspective. Our degree in actuarial math can help.
Another exciting aspect of our degrees is that we teach all our courses from a Christian perspective. When you’re studying math and the concepts of business, your courses will be integrated with biblical principles so you can start your career as a professional with Christian values and ethics.
What Will You Learn in Our Applied Mathematics and Statistics – Actuarial Bachelor’s Degree?
Liberty University’s B.S. in Applied Mathematics and Statistics – Actuarial degree provides foundational courses in English, math, 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.
Your mathematics and statistics degree will cover all the core courses you need to prepare for success in any math-based field. Your courses will include topics like probability, linear regression, and financial mathematics. You will also go into numerical techniques for problems such as interpolation, approximation, numerical differentiation and integration, and differential equations. A degree in applied mathematics and statistics will provide you with an education that has fewer theory-driven courses and more courses that focus on statistics.
Our actuarial specialization will provide further training to help you succeed in the world of business and finance. 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. In general, your courses will cover financial and managerial accounting, corporate finances, marketing, investments, application programming, and economics.
View the Degree Completion Plan, and check out our featured courses below to learn more about what you’ll be studying.
Featured Courses
ACCT 211 – Financial Accounting
Here’s what you’ll learn:
- Accounting for assets, liabilities, sole proprietorship, equity, revenues, and expenses
- Basic transactions
- Closing and adjusting entry processes
- General ledger accounts and books of original entry
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BUSI 320 – Finance Principles
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Here’s what you’ll learn:
- Budgeting and dividend policy
- Capital stocks and bonds
- Financial accounting and cash flows
- The financial forms of business organization with special attention to the corporation and its advantages and disadvantages
MATH 221 – Applied Linear Algebra
Here’s what you’ll learn:
- Essentials of linear algebra
- Systems of linear equations, matrices, and determinants
- Euclidean vector spaces and eigenvectors
MATH 311 – Probability & Statistics I
Here’s what you’ll learn:
- Probability concepts
- Moment generating functions
- Bivariate distributions
- Distributions of functions of random variables
*Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Actuaries, (visited March 18, 2020). Cited projections may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth.
Highlights of Our Applied Mathematics and Statistics Bachelor’s Degree
- Actuarial math is the fastest-growing area in mathematics.
- All professors have real-life experience in the field and teach courses from a biblical worldview.
- Learn how to solve problems with math that is focused on creating solutions.
- Students are well prepared to work in business, finance, or insurance.
- The program is managed according to the Society of Actuary’s standards.
Applied Mathematics and Statistics Degree Information
- Residential
- 120 total hours
- Transfer in up to 75% of your total degree
- This program falls under the College of Arts and Sciences
- View the Degree Completion Plan
- View our course catalog
Career Opportunities for Applied Mathematics and Statistics Bachelor’s Graduates
- Actuary (needs actuarial exams)
- Applied mathematics advisor
- Data analyst
- Mathematician
- Financial advisor
- Intelligence analyst
- Investment banker
- Mathematician
- Operations researcher
- Risk manager
- Statistician
- Statistics engineer
Admission Requirements for Undergraduate Degrees
Every application is reviewed by the admission committee on a case-by-case basis, meaning there are no set minimums for acceptance. However, all applicants must submit the following documents* for admission:
- Admission application
- Official high school transcripts
- Official college transcripts (if applicable)
- Results from the CLT, SAT, or ACT are not required for admission, but may be used in consideration for merit-based aid.
- Admission essay
*Note that additional documentation may be requested by the admission committee after your application has been received.
