{"id":2475,"date":"2025-10-24T11:00:57","date_gmt":"2025-10-24T11:00:57","guid":{"rendered":"http:\/\/thetoptenwebhosts.com\/?p=2475"},"modified":"2025-10-28T13:44:14","modified_gmt":"2025-10-28T13:44:14","slug":"stern-cancels-actuarial-science-concentration","status":"publish","type":"post","link":"http:\/\/thetoptenwebhosts.com\/index.php\/2025\/10\/24\/stern-cancels-actuarial-science-concentration\/","title":{"rendered":"Stern cancels Actuarial Science concentration"},"content":{"rendered":"

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Starting this semester, Stern students are no longer able to concentrate in <\/span>Actuarial Science<\/span><\/a> as part of their Bachelor of Science in Business degree. The change comes after years of declining enrollment in the program, as more students gravitate toward data science, analytics and statistics concentrations.\u00a0\u00a0<\/span><\/p>\n

Rohit Deo, undergraduate dean of the Stern School of Business, announced in a September email that the program will \u201csunset\u201d and advised students interested in actuarial science \u2014 a math-intensive field that evaluates insurance and pension plans \u2014 to concentrate in statistics instead. Deo said that the statistics program will still allow students to prepare for the examinations needed to become an actuary, with opportunities to hone in on themes of probability and financial mathematics.<\/span><\/p>\n

Founder, director and faculty advisor of Stern\u2019s Actuarial Science program Aaron Tenenbein, said that most insurance companies prioritize scores on required actuary exams more than the field-specific degree. He added that the number of students concentrating in Actuarial Science halved, while Stern\u2019s Statistics concentration tripled in demand.\u00a0<\/span><\/p>\n

\u201cThe insurance companies don\u2019t care what the degree is,\u201d Tenenbien told WSN. \u201cThey just care about you passing exams.\u201d<\/span><\/p>\n

Tenenbein, who is also a statistics professor, had a class enrollment of thirty students in his actuarial science courses in 2000 \u2014 but the number shrunk to two or three students in recent years. Tenenbein will see no changes to his position following the change.<\/span><\/p>\n

Juniors and seniors who arrived at Stern prior to fall 2024 will still be able to fulfill the concentration. Sophomores, first-years and any incoming students are directed to the school\u2019s Business concentration in Statistics.<\/span><\/p>\n

\u201cIt was unfair that they marketed this concentration to students and applicants when they\u2019re accepting them,\u201d a Stern sophomore, who spoke on condition of anonymity due to job recruitment concerns, said in an interview with WSN. \u201cAll the classes are still available and our concentration director and faculty advisor are still here. Why are you cutting it in the first place?\u201d\u00a0<\/span><\/p>\n

The concentration required 31 credits to complete \u2014 nearly double the number of those for statistics and data science concentrations. Actuarial science also required prerequisites such as Calculus I through III and linear algebra, which are not mandated for most alternative concentrations \u2014 raising concerns that some students might not receive as rigorous math training without the traditional program.<\/span><\/p>\n

Another Stern student, who also spoke on the condition of anonymity for future job recruitment purposes, said that although the Actuarial Science title can show \u201cmore commitment\u201d to the field, its cancellation will have little impact on their career path because they can still take the overlapping statistics courses.\u00a0<\/span><\/p>\n

In 2019, the Wharton School of Business at the University of Pennsylvania also ended its actuarial science program, <\/span>citing<\/span> <\/a>an absence of key resources, including \u201can upcoming faculty retirement\u201d as contributing factors. Columbia University only offers a masters in actuarial science, while Baruch College offers the program as a major in the Weissman School of Arts and Sciences.\u00a0<\/span><\/p>\n

\u201cI was upset because I got into Baruch with a full scholarship, so that was something that I was considering,\u201d the student said. \u201cI ended up at NYU because I could study actuarial science at both \u2014 but now it\u2019s being cut.\u201d\u00a0<\/span><\/p>\n

Contact Julian Torres at news@nyunews.com.<\/em><\/p>\n

This story Stern cancels Actuarial Science concentration<\/a> appeared first on Washington Square News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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