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Dordt College News

Dordt student passes actuarial science exam

August 31, 2012

Actuarial science is a growing field that is now offered as both a major and minor at Dordt College. Senior Josh Nymeyer of Sioux Center, Iowa, is the first student in the new program to take and pass the Financial Mathematics exam, moving him one step closer to certification in the field.

Preparation for this test requires a great deal of study even beyond the class leading up to the exam. “It took a lot preparation to pass this exam,” said Nymeyer. “The recommendation for actuarial exams is 100 hours of study for every one hour of test time. The Financial Math exam is a three-hour exam.” This is the first of seven exams he would need to pass in order to become a Fellow in the Society of Actuaries, which is his goal.

“Having passed one exam, I can now obtain an internship for the summer to get a feel for what sort of work actuaries really do, and whether it will be a good fit for me,” he said.

“Josh passing this exam is not only significant for him personally, but is significant for our program as it continues to grow and successfully come alongside students who wish to pursue careers in actuarial science,” said Dr. Nathan Tintle, professor of statistics.

Tintle, who joined the faculty in 2011, has been instrumental in the creation of Dordt’s actuarial science program. Nymeyer said of Tintle, “He has been very helpful in letting me know what steps I need to take to further my actuarial career.”  

Actuarial science is an interdisciplinary field that helps companies manage financial risk through mathematical and statistical modeling, an important skill in an increasingly data-driven world economy. Dordt’s distinctively Reformed, comprehensive education provides the context for an academically rigorous major or minor that will prepare you for a career as an actuary. To learn more about the program, visit www.dordt.edu/academics/programs/actuarial_science.

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