Actuarial Science

The Bachelor of Science (B.S.) degree in Actuarial Science is for students who are interested in analyzing statistics for the purpose of making risk assessments in financial markets, insurance industries and more. 

We’ve designed our program specifically for students who want to enter a career in actuarial science following graduation. Courses focus on all three of the Validation by Educational Experience (VEE) areas: economics, corporate finance and mathematical statistics. Olivet is one of only a few of the schools in the Council for Christian Colleges and Universities (CCCU) that offers a this degree and few schools make all three VEE areas available to their undergraduate students. 

Required Exams

Olivet prepares students to take two required exams jointly sponsored by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS): Probability and Financial Mathematics. SOA certifies actuaries in the fields of life insurance, health benefits systems, retirement systems, and finance and investment. CAS covers the property and casualty field, which includes automobile, homeowners, medical malpractice, workers compensation and personal injury liability. 

The first exam tests one's math competence and helps evaluate students’ career potential. After the first few exams, students will choose a specialty. Then, students continue by taking a series of four or more exams. Students will take one exam at end of their sophomore year, and the second at end of their junior year. The pass rate for Olivet students is better than national pass rate averages for each exam. Passing two or more examinations gives students better opportunities for employment at a higher starting salary.

Department of Mathematics and Computer Science >
Meet the Faculty >

Putnam Exam

Taking the Putnam Exam is designed to discriminate at the highest level and to identify the best math students in country. This eight-hour exam challenges even professional mathematicians and a select group of Olivet students meet that challenge head-on each year. Olivet students also compete as a team in the Associated Colleges of Chicago Area (ACCA) annual Calculus Competition.

Request Info

Learn why Olivet’s dedication to faith and integrity have earned its rank as Illinois's number one Christian university.


Campus Visit

We offer several different ways for you to visit our beautiful campus! Whether you visit in person or online, choose a personalized visit or energetic event day, we want to show you all that Olivet has to offer.

Start your Visit

Apply to Olivet

It all starts here! We accept applications on a rolling basis throughout the year. All completed applications receive equal consideration.

Apply now

Take the Next Step

Apply Today

Ready to take the next step? Applying takes only a few minutes and is a great way to get the ball rolling. It helps us know you are serious about college — and considering Olivet. We will take it from there!

Apply Today

Visit Online

Explore campus with an online tour and set up a virtual meeting with your admissions counselor. Of course, you will want to come to campus as soon as possible, but our online visit should help you in the meantime.

Begin Online Visit

Schedule a Visit

Excited to experience more? We’d love to plan a personalized visit just for you. Click below and we’ll schedule a time for you to travel to Olivet, take a campus tour, meet your admissions counselor and visit with a professor.

Schedule your Visit