BA/BS in Applied Mathematics

Risk assessment sits at the center of this undergraduate major, which blends mathematics, statistics and finance. Students learn how insurers, banks and other financial firms put a price on uncertain events and decide how much money to hold back for future claims. The technical side covers the valuation of financial instruments with uncertain outcomes and the way money changes in worth across time. Alongside that, students use statistical software and mathematical models on real data sets, forecasting a range of possible results so that business leaders have evidence behind their choices. Explaining risks over short and long horizons to colleagues from different business backgrounds is treated as a core skill. Bentley supplies specialized coursework aimed at several professional exams run by the Society of Actuaries and the Casualty Actuarial Society, and it also teaches material that satisfies the societies' Validation by Educational Experience rules. The typical student sits for at least two exams and completes an internship before finishing the degree, and the department keeps in touch with alumni working in the profession.