Mathematical Statistics and Actuarial Mathematics Mathematical Statistics and Actuarial Mathematics Statisticians and actuarial mathematicians work on mathematical problems which arise in industry and science and involve random elements, modeling, parameter estimation, simulation, or optimization in a controlled setting.
Computers are an essential tool.
Majors can select courses to establish a solid foundation for a career in actuarial sciences or applied mathematics. These options may require further training. Taking the first actuarial exam is strongly advised for students interested in the actuarial profession. Majors with this emphasis should gain as much experience with computing as possible. These fields include Economics, Psychology, Sociology, and Biology.