Allianz Scholarship
The Allianz Scholarship awards generous funding to qualified sophomore and junior applicants. Students must submit an application outlining their activities in the Mathematics Department and the actuarial science program.
Bachelor of Science in Actuarial Science
How can companies better manage risk? The actuarial science degree program at the 91ÖÆƬ³§. Thomas is a Center of Actuarial Excellence and will build your ability to use mathematical, statistical, and economic methods to assess and manage risk while helping you develop successful careers in insurance, finance, and other related fields.
Why Study Actuarial Science at St. Thomas?
Our program is distinct in several ways. We are:
- One of 42 programs to be distinguished as a
- One of just 20 programs where students can earn credit for actuarial exams with a strong performance in the classroom
- Classified by the Casualty Actuarial Society with
- Strongly connected to the insurance industry in Minnesota through various internship and scholarship opportunities
We help our students build a solid foundation in the discipline through a rigorous curriculum and a range of extracurricular opportunities. Whether you join the Math and Actuarial Science Club or drop in for peer tutoring at the Mathematics Resource Center, we have the resources you need to prepare for a long and fulfilling career.
Seeing Risk from Multiple Angles
Course Requirements
In addition to the core actuarial science courses, you complete classes in statistics, mathematics, computer science, finance, economics and communication. This interdisciplinary blend of courses will cultivate your knowledge and skills to be a flexible and nimble professional in a fast-paced industry capable of effectively communicating important strategic decisions.
Four-Year Plan
Our faculty are here to help you develop a four-year plan catered to your personal and professional goals.
Degrees Awarded
- Bachelor of Science in Actuarial Science
- Minor in Actuarial Science
Outside of the Classroom
Many of our students complete two or more professional actuarial exams by graduation. How do they achieve that? Group study sessions with their peers and exam reimbursement. In addition, our program is connected to the local actuarial community in the Twin Cities through our external advisory board and dedicated alumni that provide various enrichment and collaboration opportunities for students.
Course Requirements
Course Requirements
In addition to the core actuarial science courses, you complete classes in statistics, mathematics, computer science, finance, economics and communication. This interdisciplinary blend of courses will cultivate your knowledge and skills to be a flexible and nimble professional in a fast-paced industry capable of effectively communicating important strategic decisions.
Four-Year Plan
Four-Year Plan
Our faculty are here to help you develop a four-year plan catered to your personal and professional goals.
Degrees Awarded
Degrees Awarded
- Bachelor of Science in Actuarial Science
- Minor in Actuarial Science
Outside of the Classroom
Outside of the Classroom
Many of our students complete two or more professional actuarial exams by graduation. How do they achieve that? Group study sessions with their peers and exam reimbursement. In addition, our program is connected to the local actuarial community in the Twin Cities through our external advisory board and dedicated alumni that provide various enrichment and collaboration opportunities for students.
Solving Everyday Problems
Our faculty are your teachers and mentors. Alumni put their knowledge and skills to good use every day. Your fellow students will challenge you to tackle big problems and develop skills that are needed in this fast-paced career field.
Kyle Falconbury
Professor Falconbury joined the 91ÖÆƬ³§. Thomas in 2022 and became the Director of the Actuarial Science program in 2023. Prior to joining academia, Kyle was an actuarial leader at two Fortune 100 companies. He is excited to share his real-world knowledge of the insurance industry and his enthusiasm for actuarial science with the next generation of industry leaders.ter.
Dr. Mike Axtell
A pure mathematician by training, Dr. Axtell has become active and knowledgeable in various aspects of actuarial science. For example, he regularly completes the actuarial exams so he can prepare students for them. He also enjoyed being (probably) the oldest intern Travelers Insurance has ever had during the summer of 2015!
Career Paths
Actuarial science allows you to pursue multiple career paths after graduation.
- Actuary
- Data Analyst
- Actuarial Consultant
- Quantitative Analyst
- Investment Analyst
- State Insurance Regulator
Scholarships
Actuarial science majors are able to apply for multiple scholarships throughout their undergraduate career at St. Thomas.
Hubert and Karin Walczak Scholarship
Seniors majoring in mathematics or actuarial science are eligible for this scholarship. Students must have at least a 3.5 GPA or higher. In addition, their involvement in the Mathematics Department will be considered as well.
Travelers Scholarship
This scholarship, based on financial need and academic merit, is for juniors and seniors eligible for work in the United States. Students must have at least a 3.2 GPA or higher.
Faculty with Real Experience
Dr. Seul ki Kang
Dr. Seul ki Kang's interests include actuarial mathematics, extreme value theory in finance and insurance, statistical modeling of finance and insurance losses, econometrics, nonparametric statistics, empirical likelihood methods, Bayesian statistics, computational modeling, and uncertainty quantification
Dr. Junsen Tang
Dr. Tang explores the theory of interest, and teaches courses focusing on calculus for business and the social sciences.
Dr. Mike Axtell
Dr. Mike Axtell is an Algebraist with research in the areas of Commutative Ring Theory and Graph Theory. He has published in several journals including, Communications and Algebra and Mathematics and Computer Education. He is also an active member of the Mathematical Association of America (MAA) and currently serves as a member of the MAA Notes editorial board.
Real-World Experience
Our versatile program offers many opportunities to get outside the classroom and your comfort zone at St. Thomas with student clubs and organizations, on-campus jobs and more.
Center of Actuarial Excellence
The 91ÖÆƬ³§. Thomas is one of 37 institutions in the world to hold a Center of Actuarial Excellence (CAE) designation.
Exam Preparation
We offer out-of-class actuarial exam preparation sessions led by our professors.
Study Abroad
Actuarial Science students have the opportunity to take classes in London during J-term.
Opportunities Abound
Whether you intern with one of the many insurance companies in the area or join a student-led club, there's no shortage of ways to pursue your passions.
It's About Who You Know Too
The Twin Cities is a major insurance hub with large insurance companies headquartered here. Most actuarial science students have at least one summer internship before graduation.
Surrounded by Passionate Peers
Gamma Iota Sigma is an international business fraternity that fosters growth, awareness and understanding of young professionals in the insurance sector with professional development and networking opportunities.
We Have Your Back
Our program is housed within the Mathematics Department. This means you will benefit from their resources, including free tutoring and research support.
You Will Be Ready
Our program prepares students for passing a series of professional exams and modules. Most students pass two or more actuarial exams prior to graduation.
The Future is Bright
- Our alumni are engaged in our program, allowing for numerous networking opportunities throughout the year.
- Actuaries have a high employment rate after graduation, and the field is expected grow 22% through 2026 according to the .
- We have an external advisory board that provides strong industry support for our program.
Facilities That Meet Your Needs
MaRC Facility
The Mathematics Resource Center (MaRC) is a warm, friendly space that offers free drop-in math tutoring for students.
CAM Facility
The Center for Applied Mathematics (CAM) supports and facilitates faculty and student research in the Mathematics Department.
Apply Your Skills
Actuarial science students at St. Thomas apply their mathematics skills to real-world situations. Our curriculum will challenge you to nurture your knowledge in math and develop practical communication skills needed in the workplace.
Take the Next Step
There is more to learn about St. Thomas; including our ranking as a Best Value School by U.S. News & World Report, the many classroom and extracurricular activities that will be part of your student experience and so much more. Schedule a visit to see our beautiful campus or start your application today.