Page 120 - University Bulletin

BACHELOR OF SCIENCE IN ACTUARIAL SCIENCE
(SASCED-P 5420301)

Introduction
Actuarial Science is a highly specialized discipline that combines mathematics, statistics, finance, and
risk management to evaluate and manage uncertainty in various financial and insurance contexts. The
program prepares students to analyze complex data, assess financial risks, and design models that
support informed decision-making. By integrating theoretical foundations with practical applications,
the program equips future actuaries with the tools needed to address current and emerging
challenges in the financial and insurance industries.

Vision
The Actuarial Sciences Program aspires to be a leading academic program recognized nationally and
internationally for excellence in actuarial education, research, and industry engagement. The program
is committed to developing professionals who are innovative, analytically skilled, and ethically
grounded to meet the evolving demands of the global financial sector.

Program Mission

The program's mission is to deliver superior actuarial science education, cultivating top-tier graduates
within an environment that fosters innovative thought, ethical conduct, continuous learning, research
endeavors, and community service

Program Goals
● Equip students with the knowledge, skills, and ethical principles necessary to excel in the
field of actuarial science. This includes providing comprehensive education in mathematical,
statistical, financial, and computer science concepts, preparing students to pass actuarial
exams efficiently, and fostering critical thinking and problem-solving abilities.
● Produce highly competent professionals who can effectively assess and manage risk,
contribute to organizational decision-making processes, and make valuable contributions
to their communities and industries.
● Stay abreast of industry trends and advancements, ensuring that students are exposed to
the latest methodologies, technologies, and best practices in actuarial science. This includes
incorporating real-world case studies, industry guest lectures, and internship opportunities
to provide practical experience and prepare students for the evolving demands of the
profession, by keeping up with industry developments.
● Produce graduates who are not only well-versed in traditional actuarial principles but also
adaptable and innovative in addressing emerging challenges and opportunities in the field.

Program Learning Outcomes
Upon successful completion of the Bachelor of Science in Actuarial Science, graduates are expected to
be able to:
K1. Explain the principles and methods of mathematics, statistics, economics, and finance.
K2. Demonstrate proficiency in using actuarial and financial software in analyzing complex
data.
K3. Describe models of actuarial problems using concepts and theories of Actuarial and
Financial.
S1. Identify, formulate, and solve complex problems of actuarial science using standard
techniques of actuarial modeling.
S2. Assess financial risks in the insurance and finance fields, forecast the financial impact of
uncertain future events, and identify strategies to reduce the possibility of unfavorable
outcomes.

108 PSU UNDERGRADUATE BULLETIN