Actuarial Science

Why choose actuarial science at North Central College?

We’re one of the few schools with a full-fledged actuarial science major offered jointly by two departments—mathematics and finance. This exposure to “both sides of the house” will vastly expand your job options after graduation. And because we keep our classes small, you’ll receive all the personal attention you need to prepare for the probability and financial mathematics exams you’ll need to pass before working in the field.

You can also:

Conduct research with your professors as early as your first year on campus.
Attend local, regional and national professional conferences.
Gain hands-on experience by interning in the Naperville area and Chicago.
Obtain extra help from a peer tutor—or become one yourself.
Join the mathematics honor society Pi Mu Epsilon.

Jordan Pilgrim earns Outstanding Major in Actuarial Science Award

Jordan Pilgrim received the Outstanding Major in Actuarial Science Award during the 2013 Honors Convocation at North Central College.

Maria Gommel earns two awards at Honors Convocation

Maria Gommel received the Outstanding Major in Mathematics and Outstanding Student in the Science Division awards at North Central’s 2013 Honors Convocation.

Mary McMahon, associate professor of mathematics

McMahon presents to teachers in high-need schools

Mary McMahon, North Central College associate professor of mathematics, co-presented a talk on mathematical modeling at ACI’s Teacher Induction Academy.

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Internships

Actuarial intern, Allstate, Northbrook, IL
Actuarial intern, Assurant, Milwaukee, WI

Careers

Recent graduates in actuarial science include:

Actuarial associate
Actuarial analyst
Actuary
Actuarial leader

Shaun Ballard

Actuarial Science major

Shaun had planned to become a math teacher but “wanted to know what’s out there. When I learned about actuarial science, I liked what I saw.”

A Career Development counselor helped Shaun learn more about actuarial careers and set him up to shadow a North Central alumnus who works as an actuary with Allstate. Shaun also received advising from a mathematics professor who walked him through the duties of an actuary and developed a plan toward graduation.

“I realized, ‘wow, I can do this’ and my professor did all this work for me.”

Shaun spent his summer as an actuarial intern with a health insurance company and later took his first actuarial exam.

“Going to a small school has big...

Michael Matuszak

Actuarial Science major

"The actuarial science major at North Central is great," says Michael. "It combines math and economics, so you can diversify and study a lot of different subjects." He’s also pleased that it helps prepare him for the challenges of the professional world: “We have classes specifically geared toward the probability and financial math exams that we need to pass before we can work in actuarial science."

So what does the future hold? "Maybe a job in actuarial science, or finance, or economics," he says. "Or maybe graduate school. We’ll just have to see. There are lots of possibilities. That’s a big plus of this major."

Eric McKee

Actuarial Science major

At North Central College, Eric McKee found a rigorous academic and balanced liberal arts education.

“I’m getting a broad education,” he says. “I have better writing and communication skills than someone who just learned math and technical information. At North Central you learn the math but you also learn how to communicate.”

Actuaries in the United States and Canada achieve professional status by passing a set of three examinations and other requirements set by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). Eric says his professors are “really good at helping me learn the material.” North Central’s...

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