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Students sitting at classroom desks during Estimathon.

Actuarial Science

Many things in life involve risk. But how do we know how much risk is worth risking? Whole industries, like insurance and finance, depend on having reliable answers to that question — and that’s where you come in. If, that is, you major in Actuarial Science at McDaniel.

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Degree Types
Major
Institution
Complementary Programs
Heart
Distinctive Requirements
Capstone

The Actuarial Science major is an interdisciplinary program that will give you the mathematical and economic tools necessary to appropriately quantify and assess risk. The major combines courses from Mathematics, Economics, and Business Administration.

The Payoff

The field of risk analysis is growing at a rate much faster than average, which means graduates of our program will be highly employable. Want even better news? The salaries for actuaries are quite appealing, with a median salary of over $100,000.

Future Career Paths

Graduates of the Mathematics & Computer Science department distinguish themselves by acceptance into some of the finest graduate programs in the country, including:

  • Brandeis
  • Cornell
  • Harvard
  • Johns Hopkins
  • University of Maryland
  • University of Michigan
  • University of Virginia

Almost every graduate of our program is currently working in a professional position under the general titles like “mathematician,” “systems analyst,” “actuary,” and “statistician,” at places like:

  • The National Security Agency
  • The Pentagon
  • IBM
  • Hewlett Packard Corporation
  • NASA
  • The Department of Defense
  • Actuarial firms

Course Requirements

The McDaniel Commitment in Action

The McDaniel Commitment—a series of opportunities guaranteed to all students—provides enhanced mentoring and coaching, and ensures every undergraduate student completes at least two meaningful experiential learning opportunities.

Photo of alumna Alayna Meekins.

IMPRESSIVE OUTCOMES Alayna Meekins ’22

Alayna Meekins graduated from McDaniel College as the first student to hold a degree in Actuarial Science. A dual major in Economics, Meekins kept an eye on the future while pursuing her ideal career as an actuary. Support from professors and alums alike helped set her up for success, and her plans aren't over yet.

Spencer Hamblen

FACULTY SPOTLIGHT Spencer Hamblen Professor of Mathematics

Professor of Mathematics Spencer Hamblen specializes in researching number theory, arithmetic dynamics, and algebraic symmetry. Majors in Actuarial Science may join him in classes like his Mathematics Problems Seminar (MAT3391), Number Theory (MAT3336), and the Jan Term opportunity Conference Experience in Mathematics (MAT1140).