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Statistics Those are the words of contemporary philosopher Ian Hacking. In today’s world we are bombarded with numerical information. In order to make informed decisions, it's important to separate fact from fiction by applying valid statistical analyses. Statisticians are vital to today’s world. They are concerned with the use of data to answer questions and make decisions. Whether in business, industry, government, or research, statisticians help frame questions and determine what data are needed to answer those questions. They design experiments or surveys that generate relevant data, analyze it, and communicate the results. Through the years, statisticians designed and analyzed the field trials that demonstrated the effectiveness of the polio vaccine, used historical data to demonstrate racial bias in the use of the death penalty, and designed and carried out clinical trials that showed drug treatment in HIV-positive pregnant women reduced the rate of infection in their babies. Why
Study Statistics at Iowa? Statistics at Iowa offers a comprehensive curriculum, with majors choosing from one of three tracks: statistics in business, industry, government, and research; statistical computing; or mathematical statistics. Statistics
Students Statistics
Faculty There are ample opportunities for students to interact individually with their instructors. For example, class sizes in statistics courses taken by undergraduate majors generally are small to moderate, from 12 to 40 students. Course
Work in Statistics They include:
In addition, students select one of three special emphasis tracks and complete at least four courses in it to develop a particular area of interest.
Careers
for Statisticians Thousands of statisticians serve in medicine, law, agriculture, public-policy making, marketing, manufacturing, engineering, and other fields within the social and natural sciences. The diversity of applications is an exciting aspect of the field and is one reason for the continuing strong demand for well-trained statisticians. Additional information may be found in the pamphlet Careers in Statistics, produced by the Committee of Presidents of Statistical Societies. Actuarial
Science If the career sounds interesting, we recommend further exploration to find out more about this field’s importance in today’s world. You may contact the department or check out the Department of Actuarial Science web site. Another informative web site is www.beanactuary.org. Why
Study Actuarial Science at Iowa? Iowa’s program emphasizes mathematics, probability, and statistics. As a result, our students enjoy great success on the professional exams. Professional
Actuarial Exams Actuaries specializing in life insurance, health insurance, or retirement systems take the SOA exams. Those practicing in the property and casualty insurance area take the CAS exams. In each society, the designation of “associate” is awarded after approximately two-thirds of the exams are passed. Actuaries achieve “fellowship” standing after completing all exams. Fellowship in either society is the highest professional designation an actuary can attain. Actuarial science majors are required to take courses preparing them for the first few exams. Additional courses may be taken that prepare students for other exams. Actuarial
Science Students The program is rigorous. Most students have grade-point averages (GPAs) well above 3.00, especially in calculus and statistics. Actuarial
Science Faculty There are ample opportunities for students to interact individually with their instructors, as class sizes generally are small to moderate. Admission
to Actuarial Science The application process typically occurs at the end of the third semester. Entering students should declare an interest in actuarial science as their major. Admission to actuarial science is based on grades in specific prerequisite courses, the cumulative and major GPAs, and other criteria. Students who declare an interest in actuarial science are included in all departmental activities. Course
Work in Actuarial Science The required courses for actuarial science majors include:
Many students earn a second major in mathematics, which requires only two additional courses from the Department of Mathematics. Students are encouraged to take courses in the Tippie College of Business, such as corporate finance, accounting, risk analysis, and insurance. In addition to course work, you’ll have the chance to learn during summer internships and during on-campus company presentations. Many companies visit Iowa during fall semesters and hold receptions. Careers
for Actuaries Actuaries enjoy attractive salaries. Most Iowa graduates find work as actuaries, but some have become financial managers and teachers. The positions they have found are located across the country, mostly in large metropolitan areas. Scholarships
for Statistics and Actuarial Science Students Refer to the Office of Student Financial Aid for a complete list of available scholarships.
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