Actuarial Sciences

Actuarial Science at NIU

What Do Actuaries Do?

Insurance, as the saying goes, is the oxygen of free enterprise. Actuaries are business professionals who analyze the financial consequences of risk. They work on a wide variety of projects in diverse business environments. Here are some examples listed at www.beanactuary.org:

  • Analyze insurance rates, such as for cars, homes or life insurance,
  • Estimate the money to be set-aside for claims that have not yet been paid,
  • Forecast the potential impact of catastrophes like hurricanes making landfall in the coastal US,
  • Participate in corporate planning, such as mergers and acquisitions.

Top reasons to become an actuary

  1. You are self-motivated, goal-oriented, have superior math and communication skills, and you seek a career in business.
  2. You want a dynamic career with plenty of opportunities to learn skills that are transferable across multiple industries and agencies of government.
  3. You want job-security, a highly competitive salary, excellent benefits and work-life balance.
  4. You want a professional title similar to those of doctors, lawyers and accountants. 
  5. You want a profession that you can enter with a BS degree.

How do I become an actuary?

In the Division of Statistics/Department of Mathematical Sciences here at NIU, we have courses that will prepare you for a career in the actuarial profession and help you pass the preliminary actuarial exams that are necessary to obtain certification and advancement.

How do I apply for admissions?

At this time there are no special requirements for admission to the Actuarial Science program.  To apply, please visit the NIU Undergraduate Admissions page:

Get Involved

You can also join the NIU Actuarial Club to meet other students who share your interests and aspirations.