Actuarial Science

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 Applied 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.

By the Numbers
10
weeks, summer research program for theoretical, lab or field studies
3.14
annual campus celebration of Pi Day
1:1
tutoring with community middle school and high school students
15/20
fastest growing careers require math and science proficiency

Research Opportunities

Olivet’s Pence-Boyce research grants are for undergraduate students and their faculty mentors. Funded by alumni and friends of Olivet, this program honors two former Olivet professors, Elbert Pence (physics) and Fannie Boyce (mathematics). Many alumni have excelled in their careers as a result of participating in this program.

Special Programs

Math Challenges

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

Meet the Faculty

Dale Hathaway

Active in research and publications, Dale Hathaway is also a textbook author and speaker. He is a seasoned table leader and question leader for AP calculus. Two of his greatest professional pleasures are supervising summer research experiences and serving as the faculty advisor for the Math Club. He is active in the Mathematical Association of America. His service to and care for students is one of the hallmarks of his career.

Mathematics Faculty

Olivet Mathematics Alumni have been seen:
Mathematics with a Christian Purpose

The best way to see if Olivet is a good fit for you is to visit the campus. We offer unique, customized visit days every weekday, and special Purple & Gold days, too, where you can get up close at all things ONU.

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