Washburn University is proud to be the only school in the state of Kansas that has an actuarial science program recognized by the Society of Actuaries as an advanced undergraduate program. Our coursework prepares majors in this program to be able to pass the first two examinations of the Society of Actuaries.
Actuaries analyze the financial costs of risk. They use mathematics, statistics and financial theory to assess risk, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry, and many actuaries are employed within the insurance industry. Others apply their expertise to financial matters outside of the insurance industry, such as developing investment strategies that manage risks and maximize returns for companies or individuals. Actuaries can also work in public sector or as consultants on a contract basis.