UVM’s Actuarial Science Sequence Goes Online
- By Erica Houskeeper
The University of Vermont’s Professional Actuarial Science Sequence that helps prepare students for certification exams will move to an online format beginning this summer.
The new, fully online sequence allows students to prepare for this fast-growing field in a flexible, convenient format. Courses in the University of Vermont’s Professional Actuarial Science Sequence are specifically designed to prepare students to sit for the actuarial science exams. In addition, students and professionals with high aptitudes for math and strong communication skills for articulating complex concepts are encouraged to apply.
“The UVM sequence does a fantastic job highlighting courses that satisfy specific requirements needed in order to enter into the actuarial fields,” said Joseph Kudrle, a senior lecturer in UVM Mathematics and Statistics and Actuarial Science Sequence faculty member. “The online format makes these courses accessible to all students, regardless of their geographical location or available time frame.”
An actuary consistently ranks in the top 10 of all jobs in the United States. This is due to the fact that a graduate degree is not required, yet the role promises both high salary potential and significant job growth. The field also offers great benefits and opportunities for professional development and advancement.
The UVM program’s success rate for students taking the certification exams is more than 75 percent. By comparison, industry averages are often below 50 percent.
“The pass rate for UVM students who are sitting for the exams is quite high,” Kudrle said. “Part of this comes from student motivation, but another part comes from the fact that students taking our courses are directly exposed to the materials and types of questions typically found on the exam.”
In their day-to-day work, actuaries use statistics and theory to analyze the financial impact of risk and liability for payment of future insurance and pension benefits. Traditionally, actuaries have worked in the insurance industry, but they increasingly are finding jobs in health care, consulting, business and government.
Students in the actuarial science sequence often begin working in the field immediately after completing their coursework and passing the first two professional exams. Because there is a high demand for actuaries in the job market, companies will usually cover the expenses for all test preparation materials and test fees for their employees’ remaining exams. Many companies offer study time while employees are on the clock. Upon the successful completion of each of these professional exams, employees are usually rewarded with a significant salary raise.
For more information, visit learn.uvm.edu.