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Actuarial Science Program Overview

Actuarial science uses mathematical data to determine, measure and manage the financial risks of the insurance industry. Actuaries are the mathematical backbone of the industry and they use their analytical skills, knowledge of business and understanding of human behavior to manage the complexities of our risk-laden society.

If economics, statistics and probability pique your interest, consider enrolling in the Actuarial Science program, which combines all three.

    Students in math class
    What You’ll Study
    • Accounting, economics and mathematics
    • Risk and asset management
    • Financial trends and how to predict them
    What You’ll Discover
    • Insight on insurance and insurance companies
    • Business development know-how
    • Practical application of statistics to finance
    What You’ll Take with You
    • Analytical expertise in finance and probability
    • A deeper understanding of human behavior
    Delivery Format

    In Person

    Credit Hours


    Time to Complete

    4 years


    Why choose Ashland University for an Actuarial Science degree?

    • We’re one of only six private colleges in Ohio that the Society of Actuaries has given an Actuarial Program designation. 
    • You’ll study accounting, economics, mathematics, risk and asset management and financial trends and how to predict them.
    • You’ll complete curriculum that prepares you for two professional actuarial exams (FM and P).
    • You’ll fulfill all three Validation by Educational Experience requirements (Economics, Accounting and Finance and Mathematical Statistics) necessary to become a fellow of the Society of Actuaries or Casualty Actuarial Society.
    Students working in math class

    Sample Curriculum

    Learn more about the Actuarial Science curriculum by reviewing the Four-Year Curriculum Guide, Academic Catalog and Course Rotation.

    A Promising Career

    The median annual salary for actuaries was $113,990 in 2022. The expected growth rate in employment is 23% through 2032, much faster than the average 5% growth rate for all occupations. (U.S. Bureau of Labor Statistics)

    Employers of Recent Graduates:
    • Aubrey Curtis, ’22, actuarial technician at Encova Insurance
    • Ryan Whitaker, ’22, actuarial rotation program associate at Nationwide Insurance
    • Andrew Villers, ’22, assurance specialist at BDO USA
    • Alec Baldosser, ’20, credit analyst at Park National Bank
    • Dalton Skerlec, ’20, software developer at Medical Mutual
    • Tyler Tokos, ’20, financial analyst at The Goodyear Tire & Rubber Co.
    Student taking notes in math class

    Contact Information

    Chris Swanson
    Christopher Swanson, Ph.D.
    Chair, Mathematics and Computer Science Department; Professor of Mathematics
    209 Patterson Instructional Technology Center