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Student in Hoover Library.

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.

Degree Types
Complementary Programs
Distinctive Requirements

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.