Strategy and Skill
Olivet is one of only a few of the schools in the Council for Christian Colleges and Universities (CCCU) that offers a Bachelor of Science (B.S.) in actuarial science.
We’ve designed our program specifically for students who want to enter this career following graduation. Courses focus on all three of the Validation by Educational Experience (VEE) areas: Economics, Corporate Finance and Mathematical Statistics. Few schools make all three available to their undergraduate students.
We also prepare students to take the first two required exams, the Probability and Financial Mathematics exams. These are jointly sponsored by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). 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 ones 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 our students is better than the overall passing rate for each exam. Passing two or more examinations gives students better opportunities for employment at a higher starting salary.