After observing student interest shifting toward data science, analytics, and statistics, and away from actuarial science over the last several years, effectively immediately, the Actuarial Science concentration has been eliminated as an option, starting with students who entered in fall 2024 and going forward.
Current students who entered Stern before fall 2024 may continue to pursue this area of business. Students who would like to study topics in actuarial science will be able to do so via the BS in Business concentration in Statistics. This change should still allow students to explore their interest in actuarial science, including preparing for a number of the professional exams.
Upper class students pursuing this area can confer with the Faculty Advisers for questions regarding the concentration:
Professor Aaron Tenenbein | at1@stern.nyu.edu | KMC 8-50
Actuarial Science is the study of identifying and evaluating risk, specifically for insurance companies and pension plans. The curriculum offers you both the mathematical and functional business components, which are necessary for the training of an actuary. The program also prepares yous to take the first four examinations offered by the Society of Actuaries and the Casualty Actuarial Society. The courses required also satisfy the three Validation by Educational Experience (VEE) areas of Economics, Finance, and Applied Statistical Methods.
Given the additional steps required if you are considering a career as an actuary, the Actuarial Science faculty have created this helpful booklet which outlines the nuances of the VEE examinations and the necessary professional preparations that you must take to pursue the field.
