Bachelors of Arts: Actuarial Science

UMF’s Actuarial Science program gives you a solid foundation in mathematics, statistics, finance, and economics — all essential for risk assessment and management. You’ll develop strong problem-solving skills and learn to apply mathematical models to real-world financial and insurance scenarios.

You will get to choose interesting classes specifically tailored to this program, such as:

• Actuarial Probability
• Statistical Models
• Data Mining
• Data Analysis
• Intermediate Microeconomic Theory
• Intro to Financial Accounting
• Interest Theory

You will also take courses in the Arts, Humanities, Mathematics, Natural Sciences and Social Sciences.

Program Requirements

See requirements in this program

You’ll benefit from small class sizes and personalized faculty mentorship, as well as the chance to work on real-world data analysis projects. The program prepares you for the first two professional actuarial exams and offers opportunities for internships with insurance companies, financial firms, and government agencies.

Graduates are prepared for careers as actuaries in insurance, finance, consulting, and government. Other possible paths include data analyst, risk manager, financial analyst, or related quantitative positions in business and industry.

At UMF you can find out, first-hand, what it’s like to work in the Actuarial field while you learn valuable career skills and develop a strong network of professional contacts.

Here’s a short list of where our students have recently interned:

• Unum Insurance, Portland, Maine
• Epic RPS Financial, Portland, Maine
• BerryDunn Assurance, Tax, and Consulting, Portland, Maine
• Sun Life Financial, Portland, Maine and Wellesley, MA
• Elevance Health, Indianapolis, IN
• Maine Bureau of Insurance, Gardiner, Maine

• Hannaford Supermarket Labor Productivity Group, Cumberland, Maine
• Maine Dept. of Health & Human Services, Augusta, Maine
• Maine Health Research Institute, Augusta, Maine
• And more

UMF’s Actuarial Science program remains current in the industry by seeking guidance from an Actuarial Advisory Board consisting of at least five active, professional actuaries throughout Maine. It provides advice regarding curriculum, desired technological skills, and internships.