What is Actuarial Science?

Actuarial Science is the application of both mathematics and statistics to assess risk in insurance, finance, and other industries. Actuaries use their rigorous math skills to model that uncertainty.

​

What companies have hired NIU Alumni?

Some companies that NIU Alumni are working at in the Actuarial field include... Blue Cross & Blue Shield Association, CNO Financial Group, Liberty Mutual Insurance, Markel, Milliman, UPC Insurance Company, and many more!

​

How do I study for actuary exams?

It depends on the person, but many have found success through completing numerous practice problems and sample exams. To find more study resources, visit our SOA Study Materials tab on this website!

​

What are the exams needed to become an Actuary?

There are 2 societies for Actuaries: SOA (Society of Actuaries) and CAS (Casualty Actuarial Society). It is up to you to decide which pathway to pursue. However, both societies require the same first 2 exams - FM (Financial Mathematics) and P (Probability) - which are usually completed in college or right after graduation. Most actuaries base the society they purse off of the company they find their first job in. The pathway to earn a Fellowship in each society is pictured below.

​

​