According to the Bureau of Labor Statistics, the employment of actuaries is projected to grow 20 percent from 2018 to 2028–much faster than the average for all occupations. Whether you want to become an actuary for an insurance company or a financial analyst on Wall Street, a strong understanding of actuarial science will always be an asset.
Learn how to calculate the probability of everything.
Actuarial science is an interdisciplinary field that uses mathematics, statistics, economics and business to analyze the financial costs of risk and uncertainty. As an actuary, you’ll be essential to the insurance industry and have some of the best job outlooks of any profession.
The coursework in the Actuarial Science emphasis prepares you for the first actuarial exam in probability (SOA exam P) and provides much of the background needed for the second exam in financial mathematics (SOA exam FM). Most students in this program are able to pass the first professional certification test before they graduate.
A formula for success
Students in a Math 240 course learn advanced math skills.
At Western, course rotations are crafted to encompass a variety of subject fields for a comprehensive education and versatile degree. For required courses and degree plans, visit the official University Catalog. Below is a general overview of courses at Western Colorado University related to this area of study.
|BUAD 311||Essential Excel Skills for the Workplace||3||View|
|ECON 201||Macroeconomics (GT-SS1)||3||View|
|ECON 361||Money, Banking, and Financial Markets||3||View|
|MATH 213||Probability and Statistics||3||View|
|MATH 252||Calculus III||4||View|
|MATH 313||Statistical Modeling and Simulation||3||View|
|MATH 314||Applied Probability||3||View|
|MATH 414||Actuarial Mathematics||3||View|
Career preparation starts your first year at Western and is the primary focus of every degree.
Visit Career Services in Library 120 or online to discover your interests, define your goals, and land the career of your dreams.
The data below is automatically collected by Burning Glass Technologies, a firm that sources job market data and provides analytics. The statistics illustrate general trends in U.S. careers, but do not precisely represent every job and salary.
Alumni Association Future Alumni ScholarshipThe Alumni Association Scholarship is a one-time scholarship of $1,000 and is applicable for the student’s junior or senior year at Western. Any child or grandchild of an alumni is eligible to receive the Future Alumni Scholarship.
- This is a one-time non-renewable scholarship of $1,000.
- Only one Future Alumni Scholarship will be awarded per academic year.
- GPA must be 3.2 or above (college).
Alumni Legacy Scholarship
The Alumni Legacy Scholarship is a one-time non-renewable scholarship and is only applicable for the student’s first year at Western (incoming freshman or new transfer students are eligible).
Do you have a son or daughter looking at college? Have they considered attending Western? As an alumni, your son, daughter and/or grandchildren are eligible for certain benefits distributed through this scholarship, as follows:
- This is a one-time scholarship of $1,000.
- Nominee must be an incoming freshman or new transfer.
- The cost of orientation is reduced by half (a $45 value).
- The admission application fee is waived (a $30 value).
- GPA must be 2.0 or above (high school or college of transfer).
The applicant must fill out the application form found here (click). Application forms are accepted year-round. If the applicant meets the GPA guidelines, the scholarship will be awarded.
Mountaineer Alumni Recommendation Scholarship
The Mountaineer Alumni Recommendation Scholarship is a one-time non-renewable scholarship and is only applicable for the student’s first year at Western. This scholarship is not available to midyear transfers or students beginning in the spring semester.
Are you an alumni or employee of Western and know a prospective (or incoming) student who would be a great fit at Western? A recommendation from alumni and employees can support any new student and provide them a $500 scholarship their first year. (Western employees may not recommend a spouse or dependent receiving tuition benefits).
- Any Western alumni/employee may nominate only one student per academic year to receive the $500 scholarship (distributed $250 per semester).
- The scholarship is good for the first year only and is non-renewable.
- The recommended student must be a full-time undergraduate student, attending Western for the first time.
The applicant must fill out the application form found here. The nominating alumni/employee must fill out the application form and submit the required documents by June 1. The recommended student must meet university admissions acceptance standards and complete the Free Application for Federal Student Aid (FAFSA).
The Western Presidential Honors Scholarships, established by the Jack and Marilyn MacAllister Foundation shall be an elite class of scholarships awarded to Western's highest achieving and most deserving students, celebrating the ideals of academic excellence and service to the campus and community. Recipients of the Scholarships will be members of the Western Colorado University Honors Program.
There are eight Presidential Honors Scholarships of $2500 each. Each year two new Presidential Honors Scholarships will be awarded to two incoming freshmen.
Western Undergraduate Exchange (WUE) or Central Plains (CP) tuition represents a substantial savings relative to normal, out-of-state tuition. Students eligible for the WUE or CP program will be charged 150% of Western’s total in-state tuition. For 2018-19, total in-state tuition was $8,934. WUE/CP tuition was $13,401. The WUE/CP discount is valued at $4,695.
For more information about the WUE and CP geography-based programs, visit Western’s Tuition Discount Programs Page.
Immediately upon acceptance at Western, every student is considered for a merit scholarship worth between $2,500-$4,500 per year for in-state students and $8,000-$10,000 for out-of-state students. The amount is based on the student's GPA and ACT/SAT scores. Visit our Net Price Calculator at western.edu/cost to determine whether you qualify for a merit scholarship.
For more information about merit scholarships at Western, visit our scholarships page.
Make your education a life changing experience.
A college education is so much more than just taking classes. Expand your community and network, while gaining hands-on experience in your field.
- Conferences: Students and faculty travel to two conferences each year.
- Seminars: Faculty show what they have been working on and students present their research projects.
- Tutoring Jobs: Available to students interested in teaching others and mastering basic principles.
Making it count
Students discuss notes and class materials during a study session at the ICE Lab.