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Site Navigation Current Headlines PressZoom Archive Submit Release Release Help Sample Template About PressZoom New Client Account Manage Account Customer Helpdesk Terms of Service Privacy Policy XML Syndication Free XML Feeds Useful Sites + 7thSpace + Google Search + Navisso Search �� �Department of mathematics sees potential for actuarial science program Undergraduate students at Michigan State University have the option to earn a concentration in actuarial science.

The interdisciplinary specialization prepares students for employment in many fields of the financial services sector as it combines classes in math, statistics, finance and economics.(PressZoom) - Undergraduate students at Michigan State University have the option to earn a concentration in actuarial science.The interdisciplinary specialization prepares students for employment in many fields of the financial services sector as it combines classes in math, statistics, finance and economics.The MSU Department of Mathematics launched the actuarial science specialization in the fall of 2003 and between 60 and 70 students have enrolled in the program each year.

On average, 15 students graduate with the concentration each year.�The student response was good and surprisingly immediate,� said Wellington Ow, professor emeritus.� �This specialization adds an alternative career path for students into a job that pays well and has a good description.

This program has attracted some of our best students.�The specialization is the first step in establishing a degree program for actuarial science.

As a specialization, it provides students with extra emphasis in areas important to careers where there is a need to weigh the financial consequences of risk.Currently, the department is investigating the expansion of the program toward a bachelor�s program with a potential graduate program as well.The majority of students who enroll in the concentration are math and statistics students, but it also has attracted finance and engineering students.An alumni actuarial advisory board has been created to advise the department on trends in the field and to keep up with changes in actuarial science in the business world.�We�ve had great support from our graduates,� Ow said.

�The advisory board serves as a useful resource and allows us to ensure that the program reflects the changing business landscape by providing students with a rigorous program that will benefit them throughout their career.�### Release DateThis news item was released on 2009-07-28.

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