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Actuarial Science, Bachelor of Science

Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science

Overview

The Actuarial Science program in the Tobin College of Business at St John’s University is recognized by the Society of Actuaries as a Center of Actuarial Excellence and is a recipient of the University Award from the Casualty Actuarial Society. Since Fall 2022, students can earn exemption from certain SOA exams. Students learn not only quantitative analysis skills in preparation to pass professional examinations but also earn an undergraduate degree in business, which provides them with an education in accounting, finance, management, marketing, risk management and computer information systems. Leveraging St. John's metropolitan location, students have access to the university's longstanding relationships with leading New York-area firms and an outstanding network of alumni and industry professionals. The School of Risk Management, which houses the actuarial science program, awards scholarships to the program, provides extensive out of-the-classroom learning opportunities, and assists students in finding internships and professional positions upon graduation.

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Because you like numbers, her are ours.

98%

of 2019 graduates were employed full-time in the industry or pursuing graduate studies within six months of graduation.

92%

of 2019 graduating students held industry internships during their studies

25%

accepted full-time offers with their internship employer upon graduation

Courses

Fall

  • DNY 1000C: Discover NY- 3 Credits
  • ECO 1301: Macroeconomics  (VEE-E)- 3 Credits
  • FYW 1000C: English Composition- 3 Credits
  • THE 1000C: Catholic Perspective on Christianity- 3 Credits
  • MTH 1730: Calculus I- 4 Credits

Credits: 16

Spring

  • LAW 1310: Law in Business Environment- 3 Credits
  • ECO 1302: Microeconomics   (VEE-E)- 3 Credits
  • SPE 1000C: Public Speaking- 3 Credits
  • PHI 1000C: Philosophy of the Human Person- 3 Credits
  • MTH 1740: Calculus II- 4 Credits

Credits: 16

Fall

  • ACT 2322: Intro to Statistics   (VEE-MS)- 3 Credits
  • ACT 2333: Probability (Act Sci 3)   EXAM P- 3 Credits
  • FIN 3311: Corporate Financial Mgt. (VEE-F)- 3 Credits
  • ACC 2320: Fundamentals of Account. (VEE-A)- 3 Credits
  • RMI 2301: Principles of Risk & Insurance- 3 Credits

Credits: 15

Spring

  • ACT 2334: Theory of Interest (Act Sci 4)  EXAM FM- 3 Credits
  • FIN 3388: Derivatives Markets    EXAM IFM- 3 Credits
  • MGT 2301: Administrative & Org. Behavior- 3 Credits
  • MKT 2301: Principals of Marketing- 3 Credits
  • PHI 2220C: Moral Life & Ethical Dimensions of Bus.- 3 Credits

Credits: 15

Fall

  • ACT 4347: Loss Modeling I (Act Sci 7) STAM- 3 Credits 
  • HIS1000C: Emergence of Global Society- 3 Credits
  • SCI 1000: Scientific Inquiry- 3 Credits
  • ENG 1100: Literature in a Global Context- 3 Credits 
  • RMI Elective- 3 Credits 

Credits: 15

Spring

  • ACT 4348: Loss Modeling II (Act Sci 8)   STAM- 3 Credits  
  • ACT 3349: Applied Statistics (Act Sci 9) EXAM SRM- 3 Credits 
  • MGT 3325: Production & Operations Management- 3 Credits 
  • LANGUAGE/CULTURE- 3 Credits 
  • ECO Elective (Liberal Arts Economics)- 3 Credits 

Credits: 15

Fall

  • ACT 3335: Life Cont I (Act Sci 5) LTAM- 3 Credits   
  • TECH Elective- 3 Credits   
  • LAE 2019- 3 Credits 
  • LANGUAGE/CULTURE- 3 Credits 
  • THE 2200-2900- 3 Credits 

Credits: 15

ACT 3335 & 3336 EXAM LTAM

Spring

  • ACT 3336: Life Contingencies II (Act Sci 6)  LTAM- 3 Credits 
  • PHI 3000C: Metaphysics- 3 Credits 
  • THE 3305: Moral Theology of the Marketplace- 3 Credits 
  • GEN Elective 2019- 3 Credits 
  • MGT 4329: Managerial Strategy & Policy- 3 Credits 

Credits: 15

Fast-Track programs are cost-efficient and time-saving ways to provide students the opportunity to advance to a master’s degree from their B.S. in Actuarial Science.  Students who select a fast-track into an advanced degree must complete an online application and must meet the admission standards for that graduate program. Students should seek early program guidance from their adviser in anticipation of applying to a Fast-Track Program. Available Fast Track programs for Actuarial Science major are:

VEE  – Validation by Educational Experience Courses   
VEE credits are earned by taking accredited courses (above) & obtaining a B- or better
VEE Subjects/Courses:
VEE E – Economics 
VEE MS – Mathematical Statistics
VEE F – Corporate Finance
VEE A – Accounting  

Starting Fall 2022, students can earn exemption from the SOA preliminary exams by achieving outstanding performance in certain actuarial courses as follows.

Exam FM: ACT 2334
Exam SRM: ACT 3349
Exam FAM-S: ACT 4347/4348
Exam ASTAM: ACT 4347/4348.

These courses have earned UEC (University-Earned Credit) status from the SOA. 

Center of Actuarial Excellence

    Opportunities

    Students will be prepared to:

    • Identify, measure and manage risk and exposure to catastrophe losses
    • Apply probability pricing models for insurance products and insurance-related events
    • Recognize market needs and develop new markets
    • Use sophisticated productivity software
    • Identify sources of new capital and analyze the impact of globalization
    • Formulate an effective business plan
    • Integrate in-depth knowledge of legal and regulatory environment in decision making process
    • Deliver effective and well-written presentations.

    What Do Actuaries Do?

    Predict the future with data

    Design creative ways to reduce the chance of loss

    Price Risk

    Program Brochure