Actuarial Science Minor

Why actuarial science?

Students who minor in actuarial science will learn to use mathematical and statistical methods to manage and assess risk in insurance, finance and other industries.

  • This interdisciplinary minor is designed for students seeking certification from the Society of Actuaries (SOA), who need to fulfill Validation of Educational Experience (VEE) credit. 
  • Augustana requires students to take two of the three VEEs in the process of completing the minor and works with actuarial science students to help secure an internship experience before graduation.
  • Actuaries secure careers with insurance companies, consulting firms, state insurance departments and other government offices, investment houses and banks.
Requirements
Call for Code

Certification & Exams

There are three different certifications through the SOA:

All three of these have 10 distinct requirements for certification. The CERA requires successful completion of six exams, two VEEs and two courses. The ASA and FSA require successful completion of five exams, two courses and three VEEs. Candidates who do not complete their VEEs as part of their undergraduate studies must take additional coursework or exams to prove competence in these areas.