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Actuarial Studies—learning to assess, analyze, and manage risk and liability—is a perfect career-building minor for math lovers and problem solvers.
Through a combination of math classes like MTH 380: Probability & Statistics and business classes like ACC 135: Accounting for Decision Making and ECN 255: Managerial Economics, you'll develop and apply the quantitative skills and technical knowledge necessary to succeed as an actuary. We've created this interdisciplinary minor as an ideal avenue into a career field that comprehensively blends math and business.
According to the Bureau of Labor Statistics, actuary employment has been projected to grow 18% from 2019 to 2029, making it a fast-growing field. While many actuaries work at insurance or retirement fund companies, there are opportunities for actuaries in a variety of industries, from corporations to nonprofits and government agencies.
Champlain College is the only higher education institution in Vermont with a formal undergraduate actuarial path; while other schools offer certificates or individual classes, Champlain provides complete coursework that is grounded in and supplemented by our math, accounting, and finance programs. Upon completion of this minor, you'll be prepared to take the Society of Actuaries (SOA) exams in both Financial Mathematics and Probability. You'll then be eligible to apply coursework to your record with SOA through the Validation by Educational Experience process, allowing you to start building your professional actuarial credentials early.
Students with majors in the Stiller School of Business or Applied Mathematics already have a head start on this minor. The courses below will supplement your studies and enhance your skill set as an actuary, helping prepare you for additional actuarial exams.
Electives for substitution (as needed, depending on major):