BS in Actuarial Science & Financial Mathematics​ 

Mission, Objectives and Student Outcomes

Program Overview

The Bachelor of Science in Actuarial Science and Financial Mathematics is a professional degree comparable to other highly specialized professional pathways, where professional examinations are highly valued. The program is structured to equip students with the competencies required for actuarial practice and financial risk analysis in modern professional environments.

Preparing Future Actuaries and Risk Analysts

The program develops strong analytical, ethical, and professional foundations so graduates can identify, quantify, manage, and assess risk while contributing positively to society and national development.

3 Mission pillars
4 Educational objectives
6 Student outcomes

Program Mission

  • To prepare highly educated, actuarially competent graduates who can make a positive contribution to society and help advance Actuarial Science through techniques and tools specific to identifying, quantifying, managing, and assessing risk.
  • To prepare students for professional actuarial credentials that enable them to fulfill the needs of the Kingdom in areas related to actuaries and risk analysts.
  • To prepare students for further research studies in the field of Actuarial Science and Financial Mathematics.

Program Educational Objectives

  • PEO1. Pursue successful professional careers in actuarial science, financial mathematics, insurance, risk analysis, and related fields by applying mathematical, statistical, and computational methods to analyze, model, and address real-world challenges across sectors such as finance, energy, and technology.
  • PEO2. Use actuarial, mathematical, statistical, and financial principles to analyze quantitative problems and support informed decision-making in actuarial and risk-analytic practice.
  • PEO3. Demonstrate actuarial expertise along with professionalism, ethical responsibility, and effective communication, contributing to collaborative, interdisciplinary, and innovative solutions in diverse professional environments.
  • PEO4. Pursue continuous professional development through actuarial examinations, certifications, graduate studies, and lifelong learning to keep pace with evolving industry practices, emerging technologies, and advancements in data and analytics.

Student Outcomes

Graduates of the BS in ASFM Program will have the ability to
  • SO1. Identify, formulate, and solve broadly defined technical or scientific problems by applying knowledge of mathematics and science and/or technical topics to areas relevant to the discipline.
  • SO2. Formulate or design a system, process, procedure or program for the intended purpose.
  • SO3. Develop and conduct experiments or test hypotheses, analyze and interpret data and use scientific judgment to draw conclusions. 
  • SO4. Communicate effectively with a range of audiences.
  • SO5. Understand ethical and professional responsibilities and the impact of technical and/or scientific solutions in global, economic, environmental, and societal contexts.
  • SO6. Function effectively on teams that establish goals, plan tasks, meet deadlines, and analyze risk and uncertainty.