WPI’s distinctive undergraduate degree program in Actuarial Mathematics will give you a head start to becoming a well-rounded and successful actuary. These highly specialized professionals use their mathematical expertise, business intelligence, and computer skills to help companies assess risk and solve financial problems.

As a student in our hands-on program, you will master mathematical theory and apply your knowledge to solve real problems in the actuarial industry. You’ll also have opportunities to conduct research alongside professional actuaries and gain complementary skills in business, economics, and computer science.

You will be well prepared to pass preliminary actuarial certification exams and will graduate as a confident and creative problem solver.

BS/MS Option

With planning, students may complete both a bachelor’s degree in Actuarial Mathematics and a master’s degree in Financial Mathematics or Applied Statistics within 5 years total at WPI.

mathematics

Curriculum

Our curriculum includes specialized math courses and introductory study in business, economics, and computer science. You will gain a firm grounding in fundamental mathematics before delving into advanced topics like interest theory, risk theory, loss models, and survival functions. You’ll also hone your computer programming skills and explore subjects like corporate finance and project management.

Your rigorous coursework and hands-on practice will put you on track to prepare for the examinations administered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). In addition, WPI offers coursework that satisfies other SOA/CAS requirements, known as Validation by Education Experience (VEE).

Project-based Learning

Project-based Learning

Project-based learning is at the heart of WPI’s educational philosophy.  Across your four years here you'll be expected to work on projects of all sizes and in many areas, from pure math to applied math, as well as social science and the humanities. WPI students find that project work transforms the way they think and helps them to tackle almost any challenge systematically.

WPI's Global Projects Program immerses students in communities as close as our home city of Worcester and at more than 40 other locations worldwide. Students work in teams with a faculty advisor and are accountable to a project sponsor on a specific problem that connects science or technology with social issues and human needs.

Projects are especially important in Actuarial Mathematics, as they enable students to solve real problems faced by professional actuaries. Our students regularly complete their senior capstone projects in collaboration with sponsors including major insurance companies, financial services firms, and banks. Some past topics:

  • Establishing proper reserves for disability income insurance
  • Determining price optimization for automobile insurance
  • Building an economic scenario generator
  • Modeling consumer behavior with universal life insurance policies
Students photographing wildlife in the beach dunes

Facts & Figures

4,123

undergraduate students

(2015-16)
Top 50

Colleges that pay you back

Princeton Review (2016)
$66,977

average starting salary, bachelor's degree

WPI Class of 2016
One

of the best and most interesting colleges 

Fiske Guide to Colleges (2016)

Research

Getting Involved

Outside class, you may explore diverse interests in more than 200 clubs and organizations, ranging from dance ensembles to sports teams and a student radio station.

You can get a better sense of what it takes to become an actuary by joining WPI’s Actuarial Math Club. This student group offers training and career advice.

Students organizing project tasks with sticky notes on a whiteboard

After Graduation

Getting Involved