1. The Mathematical Economics Major and Careers in Actuarial Science
Dr. Jason Owen
Department of Mathematics and Computer Science

2. About Me Ph.D. in Statistics, University of South Carolina
Faculty UNH
Faculty UR 2002-present
Teach courses on statistics (all levels) and financial mathematics
personal stuff

3. Mathematical Economics major
Basics:
B.S. degree (interdisciplinary)
equal weight of math/stat and econ
more cohesive than a separate major and minor
includes a capstone course (research based)

4. Coursework Math Econ Plus the Capstone experience (senior year)
calculus I, II, multivariate
linear algebra
probability, mathematical statistics
intro. to computing
upper-level elective
Econ
intro micro/macro
micro/macro theory
econometrics
mathematical economics
upper-level elective
Plus the Capstone experience (senior year)
Honors program also available

5. Possible career paths
any job that specifies “business majors only” – but set yourself apart!
business careers that demand more math, e.g. financial engineer
graduate study in economics
actuary

6. What is an actuary?
Definition: a business professional who analyzes the financial consequences of risk
Main employers:
insurance companies
consulting firms
government
HR departments in large corporations
Consistently listed in the top five jobs in the United States (Jobs Rated Almanac)

7. Examples Genworth Financial, Markel Corp., Mercer HR Consulting
Anthem, CIGNA, AETNA
GEICO, Allstate
AON Consulting

8. Preparation at UR
Exam 1: Probability (Math 329) – low US pass rate , but we’re better 
Exam 2: Financial Mathematics (Math 395)
Educational Experiences:
Economics (Econ 101/102)
Applied Statistics (Econ 340)
Corporate Finance (Fin 360/366)

9. More information Be an Actuary: www.beanactuary.com
UR:
Society of Actuaries:
Casualty Actuarial Society:
American Acad. of Actuaries: