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The minor in Actuarial Science is perfect for students majoring in mathematics, economics, finance, or accounting, or for any student with a strong mathematics background who wants to learn how to model the uncertainty of events and to assess and manage risk. Students completing the Actuarial Science minor will gain the quantitative and business skills needed to take two of the preliminary actuarial exams (P and FM) which are often required to enter the profession.
An actuary is a person who collects and uses data in order to model and manage the risk or occurrence of events. The actuary field is inherently interdisciplinary, as their models use ideas and theories from mathematics, probability and statistics, economics, finance, and business. Students completing this minor will gain the necessary foundational knowledge in mathematics, probability, economics and finance to assess, model, and manage the risk and uncertainty of events. After completing the minor, students will be prepared to take the first two preliminary exams (Probability and Financial Mathematics).
Requirements & Curriculum
|Actuarial Problem Solving|
|Introduction to Financial Accounting|
|Introduction to Finance|
|Principles of Investment|
*Note: Non-math majors need to take the following math courses, as they are pre-requisites for the required math courses noted above.
|One (1) Calculus I course|
|One (1) Calculus II course|
|One (1) Multivariable Calculus/Calculus III course|
A detailed list of course requirements, offerings, and more can be viewed in the University’s course catalog.
More About Actuarial Science
Life After Fairfield
The actuary field is a highly ranked and desirable profession, and Fairfield University is in a prime location where there are many companies looking for actuaries, including those in Hartford, Stamford, NYC and Boston. Students with a minor in actuarial science will gain the quantitative and business skills needed to take preliminary exams (P and FM) which are required to enter the actuary profession.
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Diversity and Inclusive Excellence
As a Jesuit, Catholic university, Fairfield is dedicated to diversity and inclusion; to radical hospitality in service of racial, social, and economic justice.
The College of Arts and Sciences at Fairfield University is home to a vibrant community of engaged faculty, dedicated staff, and accomplished scholars devoted to the process of innovation and excited by the prospect of producing knowledge in the service of others. The program includes faculty with expertise in an array of disciplines including politics, public administration, economics, sociology, English, anthropology, public health, business, management, and communications. Many of our faculty also have years of practical experience in their respective fields providing students with invaluable instruction. Meet the members of our Actuarial Science minor faculty.