Actuarial Science

Exam Preparation

Major, Minor or Concentration

The Rize Actuarial Science program equips students with the skills needed for modern actuarial work by combining mathematics, statistics, data science, and programming. Developed in collaboration with industry experts, the curriculum focuses on practical preparation for the first two actuarial exams while avoiding unnecessary coursework. With added flexibility for electives and liberal arts exploration, this program produces well-rounded graduates ready to contribute on day one in a variety of quantitative fields.

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Actuarial Science

Courses

Courses & Curriculum

DAM 1 | Foundations of Data Analytics I

In an increasingly data-driven world, everyone should be able to understand the numbers that govern our lives. Whether or not you want to work as a data analyst, being “data literate” will help you in your chosen field. In this course, you’ll learn the core concepts of inference and data analysis by working with real data. By the end of the term, you’ll be able to analyze large datasets and present your results.

DAM 2 | Foundations of Data Analytics II

ASM 1 | Mathematical Theory of Interest

Actuaries focus on using math and statistics to evaluate risk and make strategic decisions. This course covers a range of topics relevant to actuaries, including measurement of interest rates, interest theory, and the pricing of bonds, mortgages, annuities, and other financial instruments. This course will also fully cover all content required by the Society of Actuaries Financial Mathematics (FM) Exam and its equivalents.

ASM 2 | Probability for Actuaries

ASM 3 | Actuarial Science and Risk Management with R

This course focuses on team-based problem-solving in actuarial science & risk management. Students will learn the fundamentals of the R programming language, RStudio, and R Markdown, and use these tools to complete a range of projects. Projects vary, but may include bond and loan amortization, analysis of the efficient frontier and the capital asset pricing method, insurance liability & estimates of expected loss. This course culminates in a capstone project that ties together skills from throughout the Actuarial Sciences program.

Rize programs leverage the courses you already have

Our Partnerships Team works closely with you to create a customized program that integrates your existing courses. A potential Project Management major could look like:

Example courses from your institution

Calculus I, II, & III
Introductory Computer Programming
Microeconomics
Accounting I & II
Macroeconomics
Mathematical Statistics
Linear Algebra

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Courses
from Rize

Mathematical Theory of Interest
Probability for Actuaries
Actuarial Science and Risk Management with R
Foundations of Data Analytics I
Foundations of Data Analytics II

Student Outcomes

Learning Outcomes

The student will understand and apply various interest algorithms to different financial investments, both qualitatively and quantitatively.
Demonstrate advanced critical thinking, problem solving and programming skill in order to solve open ended data based problems.
Apply advanced statistical tools in R in order to build robust and scalable risk models.
Possess robust qualitative and quantitative skills in the use of probability concepts and techniques.

Certifications

Society of Actuaries "P" exam
This program prepares students for an exam testing knowledge of probability concepts and their application to risk modeling. It covers topics like general probability, random variables, and distributions—foundational skills for actuarial work.

Society of Actuaries "FM" exam
This program prepares also prepares students for an exam focusing on financial mathematics principles, including interest theory, annuities, loans, bonds, and general financial instruments. It emphasizes the mathematics used in finance and insurance calculations.

Skills

Probability Theory
Financial Mathematics
Risk Management
R Programming
Python Programming
Data Acquisition and Analysis
R Markdown Reporting
Interest Algorithms
Loan and Bond Amortization
Bayesian Inference
Investment Strategy Analysis
Team-Based Problem Solving

Testimonials

Students give these courses rave reviews

"Rize courses have really helped me fall in love even more with my future profession that I want to go down."

Sean G.

Adrian College

“The class experience is amazing!”

Mary D.

University of Mary Hardin-Baylor

“Throughout the class time in Rize, the teacher is going over exactly what we need to do… he gave us the freedom to think creatively, to do our own project and it helped us do what he was teaching us to do on our own.”

Cole B.

Walsh University

“Rize has given me an opportunity to add something to my degree. Something that I wanted to find at my school but wasn’t there.”

Chisunta C.

Albertus Magnus College

“My experience with Rize classes has been extremely positive. I think they’re really well structured, and the professors really care as well - they’re really out there to help you”

Daniel W.

Lasell University

Actuarial Science

Actuarial Science