Actuarial Science Program Statistics

GENERAL PROGRAM INFORMATION 

• The newly designed curriculum and framework for the actuarial science program was implemented in Fall 2008 and approved by the Maryland Higher Education Commission (MHEC) in Spring 2009.
• Morgan State University is the only HBCU in the nation that offers a Bachelor of Science in Actuarial Science in addition to a Bachelor of Science in Mathematics with a concentration in Actuarial Science as well as a minor in Actuarial Science.
• The actuarial science programs is also actively engaged in various high school outreach initiatives through the year. Namely, the High School Shadow Day and the Summer Academy of Mathematics and Science sponsored by the program. These two high school programs recruit students from urban populations with interests in mathematics and the sciences to increase awareness about the actuarial science discipline ensuring student have the requisite skills in Math, English and Computer Science to succeed in this career.

PROGRAM STUDENT DEMOGRAPHIC AND ACADEMIC INFORMATION

* Non-traditional students:­ Students who are older than the typical undergraduate college student (usually aged 18-25) who are training for a career change.

•  At the commencement of the Actuarial Science Program in Fall 2008, there were six (6) students enrolled. This number quickly grew to twenty-one (21) students by the beginning of the Spring 2010 semester.
• We currently maintain a retention rate of 86% with student G.P.A.s ranging from 2.7/4.0 - 4.0/4.0 with an overall mean program G.P.A. of 3.4/4.0
• The program provides continuous academic support and advisement for students; students are required to submit a minimum of 4 progress reports to the Director each semester (one each during the 1st week of the semester,  three weeks before midterms, the week after midterms and three weeks before finals). Each progress report is discussed with the student during their meetings with the Director.

 INFORMATION AND STATISTICS ON HIGH SCHOOL OUTREACH ACTIVITIES

• During the first High School Shadow Day in Spring 2009, the Actuarial Science Program hosted 25 sophomores, juniors and seniors from schools in the Maryland and D.C. -area with various interests in math and science.
• Students are given tours of the University, SCMNS, attend classes with students and introduced to the opportunities in SCMNS and the actuarial science program. Additionally, this activity gives the program an opportunity to recruit for the Summer Academy of Mathematics and Science (SAMS).
• The Actuarial Science Program hosts this activity every semester. Since then student applications have increased tremendously. However, finite funding resources limit attendance to only 50 students.
• SAMS is a six-week commuter program designed primarily for students preparing to enter the 10th, 11th, or 12th grades as well as for high school graduates who have exceptional interests in attending university and the drive to increase their Mathematics, English and Computer Science skills. SAMS seeks to ensure that students have the prerequisite skill sets to succeed beyond high school and easily transition to the university level.
• All SAMS classes are aligned with the content presented to students at the university-level and high school students are provided with the option to take an additional Exit Exam at the end of the summer to obtain college credit for their math modules.
• The Program also focuses on exposing students to lucrative and not very well known careers in mathematics and the natural sciences. Students also gain valuable insights from professionals working in those fields.
• During Summer 2009, the Actuarial Program hosted is first cohort with phenomenal results. 25 students were accepted into the program with 24 students completing the six-weeks and 62% obtaining college credit for their mathematics classes.