We have a first class actuarial science program that has committed itself to attain the Society of Actuaries designation as a Center of Actuarial Excellence. A dedicated group of experienced faculty is ready to help you achieve your goals. The UWM undergraduate actuarial program is designed to prepare students for:

• Exams P/1 and FM/2,
• at least two VEE credits, and
• one of the remaining three preliminary examinations.

What Do Actuaries Do?

Actuaries help individuals, businesses and society manage risk by evaluating the likelihood of future events and creating plans to reduce the negative financial or emotional impact of undesirable events. Some of the questions that actuaries address on a daily basis include:

• What price best balances an insurance company’s risk tolerance with various risk parameters such as age of the insured, health status, place of residence, and other risk characteristics?
• What would be the economic loss in the event of a flood, and how can these costs be covered?
• How large a fund is needed for a company to provide pensions for its employees?
• How likely is it for someone to be hospitalized? What is the average duration of a hospital stay, and how can the costs associated with each day of hospitalization be provided for?
• In the event of a merger, how can the employee benefits plans of the different organizations be reconciled?
• How should an investment portfolio be balanced to maximize return and minimize risk?