The College of New Jersey

What you'll study

Students study core quantitative subjects that build the analytical toolkit actuaries use. Typical topics covered include probability theory, mathematical statistics, survival models and basic financial mathematics. Coursework focuses on problem solving with an applied orientation: modelling risk, interpreting probabilistic results, and using statistical techniques to inform decisions.

Entry requirements

Admission to the minor normally requires enrollment in an undergraduate degree at the college and satisfactory progress in prerequisite quantitative courses such as calculus and introductory probability or statistics. Students are expected to consult the mathematics department or academic adviser to confirm specific prerequisite completion and any GPA or departmental approval needed to declare the minor.

Career prospects

Completing an Actuarial Studies Minor strengthens candidacy for actuarial internships and entry-level roles in insurance, consulting, pensions, and risk management. The minor also supports students aiming to take preliminary professional exams; paired with a major in mathematics, statistics, economics or finance, it can accelerate progress toward credentialing. Graduates may also transition into related analytical roles in finance, data analysis, or enterprise risk functions.

Scholarships & funding angle (general)

Students pursuing an actuarial minor should explore departmental scholarships for mathematics and statistics, campus-wide merit awards, and internship funding opportunities offered by employers in insurance and finance. Financial support often comes in the form of merit scholarships, need-based aid, or paid internships that provide both income and professional experience relevant to actuarial careers.