INSTITUTIONAL RESEARCH

Actuarial Science - Assessment Results
Alumni Survey Results
Assessments & Measures - Strategic Plan
Compliance With Established Standards
Financial Audits and Other Third-Party Examinations
Job Placement Rates
National Survey of Student Engagement (NSSE)
NCLEX-RN Results - Nursing
Noel-Levitz Student Satisfaction Inventory (SSI)
Nuclear Medicine - Certification Examination Results
PRAXIS - Teacher Certification Results
Student Retention & Graduation Rates
U-CAN
University Accreditations
US News College Ranking

For More Information, Contact:

David R. Majka, Ed.D.
Vice Provost for Strategic Planning and Quality Assurance

majka@rmu.edu
412-397-5443 phone
412-397-6847 fax
Patrick Henry 311
Moon Campus

FACULTY/STAFF > DEPARTMENTS & OFFICES > INSTITUTIONAL RESEARCH > ACTUARIAL SCIENCE - ASSESSMENT RESULTS
Actuarial Science - Assessment Results

Working actuaries advance their careers by achieving “Associate” status in their field.  They must pass 5 examinations plus additional coursework to gain this status.  Upper-level actuarial science majors are actively encouraged to take up to four of the actuarial examinations in order to fulfill graduation requirements and to give them a hiring advantage in the marketplace for this skill set.  Passage of at least one SOA or CAS examination has been a degree requirement in RMU’s Actuarial Science program since 2011.

The Actuarial Science program at RMU has several goals regarding actuarial examination pass rates:  1) At least 80% of its majors receiving grades of A or A- in its advanced statistics course will pass one examination within one year; 2) at least 50% of Actuarial Science majors will have passed two examinations by graduation; and 3) at least 15% will have passed three examinations by graduation. 


The examination performance of Actuarial Science majors versus the program goals for the past five years is as follows:

 

·         For 2010 graduates, 100% of Actuarial Science majors who were high performers in advanced statistics passed at least one examination within one year; 83% of all Actuarial Science majors passed at least two examinations by graduation and 17% passed at least three examinations by graduation.  The program thus achieved all three of its goals for its 2010 graduates.

 

·         For 2011 graduates, 100% of Actuarial Science majors who were high performers in advanced statistics passed at least one examination within one year; 93% of all Actuarial Science majors passed at least two examinations by graduation and 6% passed at least three examinations by graduation.  The program thus achieved two of its three goals for its 2011 graduates.

 

·          For 2012 graduates, 100% of Actuarial Science majors who were high performers in advanced statistics passed at least one examination within one year; 89% of all Actuarial Science majors passed at least two examinations by graduation and 11% passed at least three examinations by graduation.  The program thus achieved two of its three goals for its 2012 graduates.

 

·          For 2013 graduates, 100% of Actuarial Science majors who were high performers in advanced statistics passed at least one examination within one year; 76% of all Actuarial Science majors passed at least two examinations by graduation and 41% passed at least three examinations by graduation.  The program thus achieved all three of its goals for its 2013 graduates.

 

·         For 2014 graduates, 93% of Actuarial Science majors who were high performers in advanced statistics passed at least one examination within one year; 88% of all Actuarial Science majors passed at least two examinations by graduation and 35% passed at least three examinations by graduation.  The program thus achieved all three of its goals for its 2014 graduates.

 

The highest number of examinations passed by any Actuarial Science program graduate during the time of their enrollment at RMU is four, in 2014.