{"id":671,"date":"2021-10-06T16:54:59","date_gmt":"2021-10-06T16:54:59","guid":{"rendered":"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/careers\/actuarial\/"},"modified":"2024-02-15T08:36:24","modified_gmt":"2024-02-15T13:36:24","slug":"actuarial","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial\/","title":{"rendered":"Actuarial Science Careers"},"content":{"rendered":"<section class=\"wysiwyg wysiwyg-primary-block alignfull\" >\n\t<div class=\"container grid-default wysiwyg__container\">\n\t\t\t\t\t\t<nav class=\"sidebar-menu \" aria-label=\"Site Menu\" id=\"page-nav\">\n\t\t<div class=\"sidebar-menu__wrapper\">\n\t\t\t<header class=\"sidebar-menu__header\">\n\t\t\t\t<span class=\"sidebar-menu__headerLabel\">Mathematical Sciences Menu<\/span>\n\n\t\t\t\t\t\t\t\t<button class=\"sidebar-menu__mobileToggle\" title=\"Toggle Menu\" :aria-expanded=\"mobileOpen\"><\/button>\n\t\t\t\t\t\t\t<\/header>\n\n\t\t\t<ul class=\"sidebar-menu__list\" v-show=\"mobileOpen\">\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/mathematics\/\" class=\"sidebar-menu__listLink\" >Mathematics Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/actuarial-science\/\" class=\"sidebar-menu__listLink\" >Actuarial Science Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/statistics\/\" class=\"sidebar-menu__listLink\" >Statistics Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/data-science\/\" class=\"sidebar-menu__listLink\" target=\"_blank\">Data Science Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/additional-minors\/\" class=\"sidebar-menu__listLink\" >Additional Minors<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/internships\/\" class=\"sidebar-menu__listLink\" target=\"_blank\">Mathematical Sciences Internships<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/faculty-staff\" class=\"sidebar-menu__listLink\" target=\"_blank\">Mathematical Sciences Faculty &#038; Staff<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/student-research\/\" class=\"sidebar-menu__listLink\" >Student Research Opportunities<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/professional-associations\" class=\"sidebar-menu__listLink\" >Professional Associations<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/courses\/\" class=\"sidebar-menu__listLink\" >Course Descriptions &#038; Frequency of Offerings<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/tutoring-lab\" class=\"sidebar-menu__listLink\" >Mathematical Sciences Tutoring Lab<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-board-visitors\/\" class=\"sidebar-menu__listLink\" >Actuarial Science Board of Visitors<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/student-awards\/\" class=\"sidebar-menu__listLink\" >Student Awards<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-science\/sliit-program\/\" class=\"sidebar-menu__listLink\" >SLIIT 2+2 Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t<button class=\"sidebar-menu__desktopToggle\" v-text=\"desktopLabel\" :aria-expanded=\"desktopOpen\">More Links<\/button>\n\t\t\t<\/nav>\n\t\t\t\t<div class=\"wysiwyg__wrapper wysiwyg__wrapper--hasSidebar\">\n\t\t\t<!-- content from editor -->\n\t\t\t<div class=\"wysiwyg__content wysiwyg__contentContainer\">\n\t\t\t\t<div class=\"acf-innerblocks-container\">\n\n<h1 class=\"wp-block-heading\" id=\"h-actuarial-science-careers\">Actuarial Science Careers<\/h1>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-study-actuarial-science-at-butler\">Why Study Actuarial Science at Butler?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>One of only a few schools in Indiana to offer a degree in actuarial science<\/li>\n\n\n\n<li>Actuarial Science\/Management program with both an actuarial science degree and an MBA degree<\/li>\n\n\n\n<li>Active student club in actuarial science<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-professional\">Professional<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Board of Visitors for actuarial science offers advice for the program and helps students find internships and jobs<\/li>\n\n\n\n<li>Program prepares students to take 3-4 actuarial science examinations while at Butler<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-degrees\">Degrees<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>B.A. or B.S. in Actuarial Science<\/li>\n\n\n\n<li>Minor in Actuarial Science<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-actuarial-science-program-student-learning-outcomes\">Actuarial Science Program Student Learning Outcomes<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Demonstrate a working knowledge of the basic concepts and theory of actuarial science as defined by the six preliminary exams given by the Society of Actuaries (SOA) and the SOA Predictive Analytics syllabus.<\/li>\n\n\n\n<li>Solve insurance and financial problems related to risk assessment and perform related calculations by applying standard actuarial methods.<\/li>\n\n\n\n<li>Communicate quantitative analyses clearly to various audiences, both in writing and orally.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-advising-blueprint-for-career-development\">Advising Blueprint for Career Development<\/h3>\n\n\n\n<p>We have compiled an <a href=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102310\/Actuarial-Science.pdf\"><strong style=\"color: var(--color-blue-butler); font-family: var(--font-family-base); font-size: var(--font-size-body);\">Advising Blueprint <\/strong><\/a>for Actuarial Science Majors, which gives suggested activities during your four years at Butler to better support your future career.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-meet-some-of-our-alumni\">Meet Some of our Alumni<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"663\" height=\"1024\" src=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102251\/Alumni-AS-ST-1-663x1024.jpg\" alt=\"\" class=\"wp-image-14730\" srcset=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102251\/Alumni-AS-ST-1-663x1024.jpg 663w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102251\/Alumni-AS-ST-1-194x300.jpg 194w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102251\/Alumni-AS-ST-1-768x1187.jpg 768w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102251\/Alumni-AS-ST-1.jpg 792w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" \/><\/figure>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-65ce13577d2cd-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-65ce13577d2cd_acc-content-panel'>\n\t\t\t<div id='block_acf-block-65ce13577d2cd-acc-title' class='acc-title'>\n\t\t\t\tWhat do actuaries do?\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-65ce13577d2cd-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-65ce13577d2cd-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-65ce13577d2cd-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p>While actuaries work on all sorts of projects in diverse business environments, they have one thing in common:&nbsp; They use quantitative skills to analyze and plan for future financial situations.<br>Using these skills, actuaries may be involved in projects as varied as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Placing a price on a company about to merge with another business.<\/li>\n\n\n\n<li>Estimating the impact of seat-belt laws in automobile losses and determining appropriate rate discounts.<\/li>\n\n\n\n<li>Projecting Social Security benefits so money can be collected to pay workers planning to retire in 20 years.<\/li>\n\n\n\n<li>Determining why malpractice insurance costs for doctors are skyrocketing.<\/li>\n\n\n\n<li>Projecting what the AIDS epidemic will cost life and health insurance companies in five, ten and twenty years.<\/li>\n\n\n\n<li>Determining the price for a liability policy. Collecting and investing enough money so that an insurance company can pay claims.<\/li>\n\n\n\n<li>Designing a new retirement program for a company.<\/li>\n\n\n\n<li>Calculating the price to charge for insuring a satellite launch.<\/li>\n\n\n\n<li>Estimating the benefit costs for a labor union contract.<\/li>\n\n\n\n<li>Answering questions like &#8220;What risks are insurable,&#8221; and &#8220;How much and where should companies invest money?&#8221;<\/li>\n<\/ul>\n\n\n\n<p><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2022\/01\/08102459\/interview_actuary_08-14.pdf\">Check out the&nbsp;interview with an actuary\u2014a &#8220;hot job&#8221;.<\/a><\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-65ce13577d2cd-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-65ce13577d2cd-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-65ce13577d2cd-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-65ce13577d2cd-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-65ce13577d2cd-acc-title' );\n\n\t\t\t$( '#block_acf-block-65ce13577d2cd-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-65ce13577d2e8-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-65ce13577d2e8_acc-content-panel'>\n\t\t\t<div id='block_acf-block-65ce13577d2e8-acc-title' class='acc-title'>\n\t\t\t\tWhere do actuaries work?\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-65ce13577d2e8-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-65ce13577d2e8-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-65ce13577d2e8-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p><strong>Insurance companies:<\/strong>&nbsp;About two-thirds of all actuaries work for life, health, and property\/casualty insurance companies, which heavily rely on the actuary&#8217;s judgment to ensure their financial security.&nbsp; For example, before a company insures the health of one individual or a corporation&#8217;s 5,000 employees, or before it issues a policy on a family car or a fleet of trucks, the actuary helps determine the risks of sickness or accidents that will result in claims.&nbsp; The actuary then makes sure the insurance company charges a fair price to assume the risk, has enough money available to pay claims and operates profitably as a business.<\/p>\n\n\n\n<p><strong>Consulting firms:<\/strong>&nbsp;An increasing number of actuaries work as independent consultants.&nbsp; Some operate their own offices, while others work for large, nationwide actuarial consulting firms.&nbsp; They consult not only on the purely technical aspects of an insurance risk, but also on many of the complex financial workings of virtually every industry in existence.&nbsp; Consulting actuaries work with and advise chief financial officers, chief operating officers and often chief executive officers, especially in the financial services risk management and health care fields. Another important field is pension consulting.&nbsp; It has grown substantially since 1974, when government regulators required actuarial review of all tax-deductible pension contributions.<\/p>\n\n\n\n<p>Fueled by the liability crisis of the mid-1980s, an increasing trend toward self-insurance among corporations, governments, and hospitals has also created a need for property\/casualty consultants to evaluate liabilities and assets for these organizations.<\/p>\n\n\n\n<p><strong>Other areas:<\/strong>&nbsp;Actuaries also find significant and rewarding opportunities in government and education, with many serving as university professors or as senior officials with the U.S. Social Security Administration, the Health Care Financing Administration, the Canadian Department of Insurance, and other government bodies, such as state and provincial insurance departments. Actuaries also are key financial people in many other organizations, including insurance rating bureaus, public accounting firms, large industrial corporations, labor unions, and fraternal organizations.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-65ce13577d2e8-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-65ce13577d2e8-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-65ce13577d2e8-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-65ce13577d2e8-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-65ce13577d2e8-acc-title' );\n\n\t\t\t$( '#block_acf-block-65ce13577d2e8-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-65ce13577d2ff-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-65ce13577d2ff_acc-content-panel'>\n\t\t\t<div id='block_acf-block-65ce13577d2ff-acc-title' class='acc-title'>\n\t\t\t\tWho should be an actuary and how important is mathematical aptitude?\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-65ce13577d2ff-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-65ce13577d2ff-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-65ce13577d2ff-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p>Most actuaries were first attracted to the profession as a way to use their mathematical ability.&nbsp; While mathematics is the basic building block of an actuarial career, actuaries are, first of all, business men and women who needbroad-based business skills. To find out whether your aptitudes and interests make you a good candidate for an actuarial career, take this short quiz:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Are you an above-average student, and do you excel in your mathematics courses?<\/li>\n\n\n\n<li>Are you curious and do you like solving complicated problems?<\/li>\n\n\n\n<li>Do you like writing?&nbsp; Do you like talking with people?<\/li>\n\n\n\n<li>Are you interested in historical, social, legislative and political issues?<\/li>\n\n\n\n<li>Would you describe yourself as a self-motivated achiever&nbsp;who gets results?<\/li>\n<\/ul>\n\n\n\n<p>If your answers are yes, consider becoming an actuary.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-65ce13577d2ff-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 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The Excel classes in particular have helped with day-to-day tasks. Many of the problem solving used in course work has helped me advance in my career. The study material and exam reimbursement as students at Butler was very helpful in gaining the required exams to stand out as an applicant. The Actuarial Club was also very helpful in bringing in companies for obtaining internships and potential full-time opportunities after graduating.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-current-students-to-help-them-prepare-for-their-careers\">What advice would you give to current students to help them prepare for their careers?<\/h5>\n\n\n\n<p>For students looking to join in the actuarial field, getting some coding experience in both SQL and Python will be very helpful and make you a standout candidate, in addition to being good with Excel. For exam prep, it is okay to still have a social life, as long as you are still getting in your study hours to fully prep for the exam. There is definitely more studying to be done for these exams outside of the coursework at Butler.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-is-a-great-memory-you-have-from-butler\">What is a great memory you have from Butler?<\/h5>\n\n\n\n<p>My junior year, my Stats Professor Dr. J. opened up the invitation to some of her students that were actuaries to join some of the stats students to go to a nice Italian Restaurant in Broad Ripple paid for by the department. It was nice getting to network with both professors and classmates over a meal and be able to talk more about stats and what our futures had to offer for our remaining time at Butler and beyond.<\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-jeremy-cleary\"><strong>Jeremy Cleary<\/strong><\/h4>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"alignleft size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"731\" height=\"1024\" src=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-731x1024.jpg\" alt=\"\" class=\"wp-image-14703\" style=\"width:164px;height:auto\" srcset=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-731x1024.jpg 731w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-214x300.jpg 214w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-768x1075.jpg 768w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-1097x1536.jpg 1097w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ-1463x2048.jpg 1463w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Cleary-Jeremy-21-AS-Econ.jpg 1500w\" sizes=\"auto, (max-width: 731px) 100vw, 731px\" \/><\/figure>\n<\/div>\n\n\n<p>Milliman&#8217;s Indianapolis Health Practice, Associate Actuary<br>Actuarial Science &amp; Economics, 2021<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-how-did-your-degree-help-prepare-you-for-your-career-0\">How did your degree help prepare you for your career?<\/h5>\n\n\n\n<p>Butler\u2019s Actuarial Science program gave me 1-2 semesters worth of preparation for all seven ASA exams, which gave me a massive head start in my studying process. Therefore, I was able to obtain my credentials quickly upon graduation. I also was able to jumpstart my career through my internship at Milliman prior to my senior year at Butler, which was made possible through the Butler Actuarial Department\u2019s diligence in bringing opportunities from local employers to students.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-current-students-to-help-them-prepare-for-their-careers-0\">What advice would you give to current students to help them prepare for their careers?<\/h5>\n\n\n\n<p>Use your internships and other resources to gain experience in as many different actuarial fields as possible (health, life, P&amp;C, retirement, reinsurance, etc.). You\u2019ll never know what does (or doesn\u2019t!) pique your interest until you get some hands-on experience.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-is-a-great-memory-you-have-from-butler-0\">What is a great memory you have from Butler?<\/h5>\n\n\n\n<p>Do you mean, which is my favorite time that we beat Villanova in men\u2019s basketball? Probably my junior year when Kamar Baldwin hit the game winner here at Hinkle.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-gwen-spencer\"><strong>Gwen Spencer<\/strong><\/h4>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"alignleft size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"555\" height=\"635\" src=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Spencer-Gwen-20-AS-1.png\" alt=\"\" class=\"wp-image-14718\" style=\"width:212px;height:auto\" srcset=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Spencer-Gwen-20-AS-1.png 555w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Spencer-Gwen-20-AS-1-262x300.png 262w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/figure>\n<\/div>\n\n\n<p>Fortitude Re, Senior Actuarial Associate<br>Actuarial Science, 2020<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-how-did-your-degree-help-prepare-you-for-your-career-1\">How did your degree help prepare you for your career?<\/h5>\n\n\n\n<p>As I have worked in the actuarial field, I have realized a distinct advantage by getting my degree from Butler. The technical skills I acquired have been useful on a daily basis (I had to reference my notes from MA398 just today at work; thank you, Dr. Wilson!). I also deeply value the leadership opportunities I received at Butler &#8211; both the Actuarial Science club and Gamma Iota Sigma have provided me with connections and experiences that continue to set me apart in the industry.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-current-students-to-help-them-prepare-for-their-careers-1\">What advice would you give to current students to help them prepare for their careers?<\/h5>\n\n\n\n<p>Take advantage of all the unique opportunities Butler has. My FYS and GHS classes have been super helpful in my understanding of the world and the unique struggles every person has. This has been invaluable when helping to shape the culture of my company and create an equitable work environment for everyone.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-is-a-great-memory-you-have-from-butler-1\">What is a great memory you have from Butler?<\/h5>\n\n\n\n<p>Hands down &#8211; debating with Dr. Kaschner over whether unicorns have wings. I still stand by my answer that unicorns do not have wings unless they are specified to be winged unicorns!&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-tim-vestuto\">Tim Vestuto<\/h4>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"alignleft size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1137\" height=\"1539\" src=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1.jpg\" alt=\"\" class=\"wp-image-14717\" style=\"width:212px;height:auto\" srcset=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1.jpg 1137w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1-222x300.jpg 222w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1-757x1024.jpg 757w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1-768x1040.jpg 768w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Vestut0-Tim2-19-AS-1-1135x1536.jpg 1135w\" sizes=\"auto, 100vw\" \/><\/figure>\n<\/div>\n\n\n<p>OneSource Real Estate, Real Estate Consultant<br>Actuarial Science, 2019<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-how-did-your-degree-help-prepare-you-for-your-career-2\">How did your degree help prepare you for your career?<\/h5>\n\n\n\n<p>Actuarial Science provided me the basis to look at investment properties analytically. In the investment real estate space, a key component of property value stems from the projection of future appreciation that is coupled with numerous variables affecting change. My degree has taught me a plethora of ways to analyze data in light of these components and think outside the box in ways most people in the industry cannot.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-current-students-to-help-them-prepare-for-their-careers-2\">What advice would you give to current students to help them prepare for their careers?<\/h5>\n\n\n\n<p>Always say yes to new things as a student. You never know where life will take you and luck is the intersection of preparation and opportunity. Make your own luck by being prepared.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-is-a-great-memory-you-have-from-butler-2\">What is a great memory you have from Butler?<\/h5>\n\n\n\n<p>Late night study sessions in C-club with peanut butter M&amp;M&#8217;s and friends. Did a little more socializing than studying.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-wade-walker\">Wade Walker<\/h4>\n\n\n<div class=\"wp-block-image is-resized\">\n<figure class=\"alignleft size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1711\" height=\"2492\" src=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1.jpg\" alt=\"\" class=\"wp-image-14716\" style=\"width:212px;height:auto\" srcset=\"https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1.jpg 1711w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1-206x300.jpg 206w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1-703x1024.jpg 703w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1-768x1119.jpg 768w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1-1055x1536.jpg 1055w, https:\/\/cdn.butler.edu\/www\/sites\/12\/2024\/01\/08102255\/Walder-Wade-1-1406x2048.jpg 1406w\" sizes=\"auto, 100vw\" \/><\/figure>\n<\/div>\n\n\n<p>Nyhart, Actuarial Analyst<br>Actuarial Science, 2020<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-how-did-your-degree-help-prepare-you-for-your-career-3\">How did your degree help prepare you for your career?<\/h5>\n\n\n\n<p>Butler University really helped me through all the preliminary exams. The material covered in classes provided a strong foundation to build on for each test. More importantly, the professors at Butler really helped me understand the work it takes to pass the exams.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-advice-would-you-give-to-current-students-to-help-them-prepare-for-their-careers-3\">What advice would you give to current students to help them prepare for their careers?<\/h5>\n\n\n\n<p>Reach out to any actuary you know to hear about what they do. Whether it is family friend who has been working for 20+ years or a former classmate who graduated, reach out to them. Meet them for a cup of coffee or schedule a phone call to hear about what they do.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-what-is-a-great-memory-you-have-from-butler-3\">What is a great memory you have from Butler?<\/h5>\n\n\n\n<p>Being in Hinkle when Butler beat Nova on a buzzer beater in 2020.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-65ce13577d316-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 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To stop getting this message, press the combination of alt and 2 keys\" href=\"mailto:rduerkse@butler.edu\">rduerkse@butler.edu<\/a><\/p>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":385,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-671","page","type-page","status-publish","hentry"],"revision_note":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Actuarial Science Careers | Butler University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Actuarial Science Careers | Butler University\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial\/\" \/>\n<meta property=\"og:site_name\" content=\"College of Liberal Arts &amp; 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