Actuarial science is a field that applies mathematics and statistics to the assessment of risk. Insurance companies, financial planners, and multinational corporations all rely on the deep analytical skills of actuaries. If you are considering a double major in mathematics, actuarial science is an ideal match.
The actuarial science track prepares you for the first two actuarial exams, Financial Mathematics (FM) and Probability (P), administered by the Society of Actuaries. Average starting salary in this field is $63,555 (NACE).
Benefits of One Course At A Time
Cornell's block plan provides you with the opportunity to experience aspects of business life that are outside the reach of most undergraduates. Experiential learning means you meet people working in the business world, visit various business organizations, and directly observe business processes. In other words, you aren't anchored to just reading about business theory and practices, you see it first-hand.
Block-long, off-campus study opportunities are offered in Argentina, Chicago, Shanghai, and Dallas. You'll get the chance to talk to business leaders, and discuss real problems, which will help you build bridges between what you learned in class and what you observe in the business world. You will learn through firsthand experience, whether on the trading floor in Chicago's financial district or on the floor of factories in emerging global markets.
Internships and fellowships
Internships are an integral part of your coursework. Working in consultation with a faculty advisor, you may be eligible to receive academic credit for an internship. Recent locations include:
- Jacobson Group, Chicago, Illinois
- Teacher Created Materials, Huntington Beach, California
- Arizona Diamondbacks, Phoenix, Arizona
- Nortek Air Solutions, Eden Prairie, Minnesota
- Republican National Committee, Washington, D.C.