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 AS Program Mission and Objectives

Program Mission and Objectives |SOA Exams |​ Degree Plan | Requirements Course Descriptions

The Bachelor of Science in Actuarial Science and Financial Mathematics is a professional degree akin to law degree or medical degree where professional exams are highly regarded. In order to educate students to be qualified Actuaries and financial risk analysts, the program has several important educational objectives it wants to meet that are consistent with what actuaries/financial risk analysts would find themselves required to have in their prospective job settings.

Particularly, the mission of the program is as follows:

  1. to prepare highly-educated actuarially competent graduates who can make a positive contribution in society and help advance Actuarial Science through techniques and tools specific to identifying, quantifying, managing and assessing risk,
  2. to prepare them for professional actuarial credentials that enables them to fulfil needs of the Kingdom in areas related to actuaries and risk analysts, and
  3. to prepare students for further research studies in the field of Actuarial Science and Financial Math.
Program Educational Objectives
a) Acquire Knowledge of economics,  mathematics, statistics, finance and insurance fundamentals and related computing and information technology skills
b) Develop modeling knowledge and skills to analyze real world problems
c) Develop the ability to work ethically and efficiently in teams and improve communication skills
d) Develop the ability to independently learn or pursue advanced degree

AS Program Learning Outcomes



Recognize the impact of finance and insurance solutions in a global and societal context

Use appropriate techniques, IT skills (including software and computing), and modern models (including simulation) and tools necessary for the analysis and interpretation of financial and insurance data,



Design an insurance or financial system and process to meet desired needs,

Explain their ideas effectively in written, oral, and graphical forms,

Apply knowledge of mathematics, statistical methods to finance and insurance problems,


Demonstrate professional conduct and ethical standards in the workplace,

Engage in life-long learning including pursuing professional certification from the Society of Actuaries.