I am a current freshman at a small liberal arts college. I plan on double-majoring in biology and math but recently I’ve thought about becoming an actuary. My school doesn’t offer this major so I’ve been thinking about either transferring to a school that does or getting a master’s degree in actuarial science once I graduate. Any advice on the best option?
If your school offers the typical actuarial prep courses in math, statistics, economics, finance, etc., then there is no need to transfer. The actuarial science majors at some schools just provide convenient checklists, but you can prepare as a math, statistics, or other major. Advisors in math and statistics departments may be able to help you.
http://www.beanactuary.com can help.
From my brother, the actuary: “I am an actuary who graduated many years ago from a small liberal arts college with a degree in math. I have taught actuarial science at colleges that have an actuarial science major. It’s not necessary to have either an undergraduate or graduate degree in actuarial science to be successful in the profession. Many actuaries have degrees in math, sciences, economics/finance, or engineering. Your math department should help you get started on the actuarial exams while still in college. Further education can be pursued through a part-time masters program or through non-credit review courses.”
From me: He is also a Fellow of the Society of the Actuaries and has been employed for many years as a senior actuary with an eastern state, mainly involved in the regulation of health insurance companies.