![]() Students will apply techniques from courses to real-world data using data analytic methods and tools to complete research.Īpproximately 30 employers recruit at Purdue each year for full time employment for seniors and summer internships for undergraduate students. Students will work in groups to complete various projects such as a mortality and lapse study using data from a life insurance company and using publicly available data to model and price financial derivatives. Students will learn to deal with large amounts of unstructured data. The actuarial science students participating in The Data Mine are exposed to problems at the intersection of Actuarial Science and Data Science and techniques for dealing with those problems, including ethics. The Actuarial Science Program is a participant in The Data Mine. ![]() The Director of the Actuarial Science Program is Jeff Beckley, FSA. The faculty includes six credentialed actuaries who are all a Fellow of the Society of Actuaries (FSA). The faculty is highly involved with the development of an innovative curriculum that includes the opportunity for an in depth exposure to Data Science. The Actuarial Science Faculty have won numerous teaching awards and research grants. ![]() The Exam Awards are a reimbursement of 100% of the registration cost of the actuarial exam passed. The Actuarial Science Program through the support of the Department of Mathematics and the Department of Statistics pays Exam Awards to each actuarial science major who passes an actuarial exam while a student provided that they have completed the Exam Award Application (PDF) prior to taking the exam. These plans of study all permit the student to receive credit for all the Validation By Educational Experience (VEE) from the actuarial societies. Actuarial Science has a normal Plan of Study (PDF) and an Honors Plan of Study (PDF) listed. The Actuarial Program Plans of Study are available from the College of Science majors website. The program prepares students for an actuarial career as well as providing complete preparation for the first six exams set by the Society of Actuaries and the first four exams set by the Casualty Actuarial Society. Students can graduate with "Honors in Actuarial Science" by fulfilling additional requirements. In addition, most of the graduates also receive a Business Management minor. Upon graduation, students receive an Actuarial Science degree as well as a Statistics degree. Purdue’s Actuarial Science Program is an interdisciplinary program jointly administered by the Department of Mathematics and the Department of Statistics. For more information about the actuarial profession, see the Be An Actuary website. To become an Actuary you must pass a series of professional exams.
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