Ashland University’s Actuarial Science Program Receives Recognition

Ashland University’s Actuarial Science Program Receives Recognition

7/10/17 ASHLAND, Ohio – Ashland University is one of only four private colleges and universities in the state of Ohio that have a Universities and Colleges with Actuarial Programs (UCAP) designation from the Society of Actuaries, which recently announced the new designation of university recognition tiers and programs.

“This is important for us because our actuarial science program is being recognized by one of the professional actuarial societies and as a result the Society of Actuaries will soon link a credentialed actuary with our program to assist in advising students about the profession,” said Dr. Chris Swanson, professor of mathematics and head of the actuarial science program at AU. “Ashland University is one of only 13 colleges or universities in Ohio to receive such a designation.”

A communication from Tiffany Tatsumi with the Society of Actuaries notified Swanson that Ashland has been designated as a UCAP-Introductory Curriculum program (UCAP-IC). Swanson said there are two different types of UCAP designations and that Ashland University is in the second tier based on its program preparing students to pass two Society of Actuaries preliminary exams and 2.5 of the three Validation by Education Experience requirements.

Students who graduate from actuarial sciences programs become actuaries, a profession consistently ranked as one of the top five careers in the United States. Actuaries help businesses assess the risk of certain events occurring and formulate business and financial strategies and policies to minimize that risk and its impact on a given corporation.

“I had the opportunity to work as an actuarial intern at Findley-Davies Inc. in Cleveland, Ohio, in 2007 under the supervision of Matthew Klein, an alumnus of Ashland University who is now a principal actuary in this firm,” Swanson said. “My experience in this internship allowed me to get a glimpse of why the actuarial profession is consistently ranked highly and I would encourage anyone with strong mathematical skills to consider pursuing a career as an actuary.”

This is the second recognition received by AU’s actuarial program in the past two years. In 2016, Ashland University was identified as having one of the best values in Actuarial Science programs in a ranking by Online Accounting Degree Programs. AU was one of only three schools in Ohio to make the top 40 list of actuarial degree programs in the country.

"When I developed that actuarial science program at Ashland University in 2009, I did so as I believed our faculty would be able to effectively prepare students for passing the professional actuarial exams and for starting their actuarial careers, with individual attention that students often do not receive at larger universities,” Swanson said. “I am very pleased to see this designation from the Society of Actuaries as well as the ranking among the top 40 actuarial science programs in the nation based on value of education.”

For information regarding Ashland University’s Actuarial Science program, contact the Office of Admission at 419-289-5052 or email enrollme@ashland.edu, or visit the Actuarial Science program website at https://www.ashland.edu/actuarial-science.

Ashland University, ranked in the top tier of colleges and universities in U.S. News and World Report’s National Universities category for 2017, is a mid-sized, private university conveniently located a short distance from Akron, Cleveland and Columbus, Ohio. Ashland University (www.ashland.edu) deeply values the individual student and offers a unique educational experience that combines the challenge of strong, applied academic programs with a faculty and staff who build nurturing relationships with their students.                                                                                ###