Bachelor of Science - Statistics and Actuarial Science

The science of statistics is concerned with generating and analyzing data.

Actuarial science applies statistical methods to assess risk in the insurance and financial industries.

University of Minnesota Duluth's (UMD) Statistics and Actuarial Science major prepares students for careers in a wide variety of fields, from banking and government to health care. Advisors have information on the national actuarial examinations.

• Active learning environment
• Access to state-of-the–art instrumentation
• Focus on undergraduate teaching and research

Acquired Skills

• Know the basic definitions, notations, and theorems of mathematics/statistics.
• Be able to apply statistical and mathematical techniques and models to solve problems.
• Know how to write programming code and use mathematical/statistical software to analyze data and interpret results.
• Be able to write a coherent description of a mathematical or statistical presentation.

Career Possibilities

Career opportunities for mathematics and statistics are extensive. Obvious careers involve working as an actuary for an insurance or consulting company, or as a teacher. Most mathematics and statistics majors, however, use their problem solving skills in the business world – analyzing processes, data, and algorithms, or in government research. Employers hire mathematics and statistics majors because employers know those students are able to work on hard problems, and to make logical decisions.