Actuarial science is the career field that applies mathematical and statistical methods to calculate risk in insurance, finance, and other industries or professions. Actuaries are professionals who are qualified through intense education and real-life experiences. Actuarial science includes several interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science.
The Actuarial Science Club (ASC) has been at YSU for approximately ten years. The club was created to provide opportunities for students interested in actuarial science careers. In this club, students can learn more about the profession through speakers from the industry, attendance at conferences and career/internship fairs.
Dr. Thomas Wakefield is the co-advisor of the Actuarial Science Club and he is an Associate Professor of Mathematics and Statistics. Dr. Moon Nyugen is also a co-advisor of ASC; she is an Associate Professor of Mathematics and Statistics. As the advisors, Dr. Wakefield and Dr. Nyugen work diligently to provide all the members of the club with adequate resources for their future.
“There are currently about 20 members in the Actuarial Science Club and there are no requirements to join our club,” said Aaron Loveless, President of ASC.
There are many students who do not know anything about the actuarial science field. For that very reason, ASC provides students with information that allows them to make an informed decision as to whether actuarial science is the career for them. The club also provides its members with extremely beneficial study tips and practice for actuarial examinations.
“The organization typically brings 1-2 speakers from industry in each year,” said Dr. Wakefield. “In the past YSU grads have returned to talk about their experiences working in the insurance industry.”
Several members of ASC are also preparing to attend the Midwest Actuary Student Conference at the University of Iowa at the end of September.
ASC is also involved in several aspects of campus life. They frequently partner with the other math clubs (Pi Mu Epsilon, AWM, SIAM) to support various activities each semester within the Math Department.
Any student who is considering a degree in the actuarial field is encouraged to contact Dr. Thomas Wakefield (firstname.lastname@example.org) or Moon Nguyen (email@example.com) or the Club VP Maddie Cope (firstname.lastname@example.org). Students can also visit the website for ASC here and look for its addition to the Department page!