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College of Business: Building Students Futures
 

Program information

Presented by Illinois State University & Allstate Insurance Company

In cooperation with: American Society of Pension Actuaries, Casualty Actuarial Society, COUNTRY Insurance & Financial Services, Pinnacle Actuarial Resources, Society of Actuaries, State Farm Insurance, and Tillinghast-Towers Perrin

Sunday July 13, - Friday July 18, 2008

BROCHURE

The program will be conducted on the campus of Illinois State University in Normal.

Minority High School Scholars Actuarial Academy for Mathematics - Actuarial Science Careers

A program designed especially for academically talented minority high school students who excel in mathematics.

Overview

The one-week program is designed especially for above average African-American, Hispanic, and Native American high school students who excel in mathematics, enjoy learning, and like to solve complicated problems. If you have a passion for mathematics and an appetite for knowledge, you may have what it takes to be an actuary. This program will help you decide if an actuarial career is a way to use your mathematical ability.

Purpose

This program helps to explain what actuaries do, where they work, what they have in common and if an actuarial career might be a good choice for you. You will meet and talk to actuaries, observe them at work, and learn how you can become an actuary.

Benefits

During the program you will:

  • gain an understanding of what actuaries do in the insurance and financial services industries;
  • acquire knowledge of how you can use your mathematical ability in an actuarial career;
  • receive information about career and job opportunities available in the actuarial profession;
  • learn about professional organizations representing actuaries;
  • develop personal contacts with actuaries and organizations that provide scholarships, internships, summer jobs, and mentors to help guide your career;
  • find out how you can become an actuary.

Scholarships

The Minority High School Scholars Academy provides a full scholarship to cover the costs of on-campus room and board, field trips, and career information materials for students selected to attend the program. Each student also will receive a $175 stipend to cover transportation and incidental expenses. Moreover, we offer (subject to availability of funds) $300 scholarship to successful graduates of this program who enroll in actuarial science in any college, and $600 if they enroll in actuarial science at Illinois State University.

Key Topics

  • What actuaries do
  • Where actuaries work
  • What actuaries have in common
  • How to become an actuary
  • How to prepare for an actuarial career in high school and college
  • How actuaries achieve professional status by passing examinations

Special Features

  • Tour Illinois State University campus
  • Hear professional actuaries explain what they do
  • Take field trips to observe actuaries at work
  • Meet Illinois State University students who are preparing for an actuarial career
  • Talk to professionals about career and job opportunities for actuaries
  • Learn about Illinois State University
  • Learn more about the Department of Mathematics
  • Learn more about the Actuarial Science Program
  • Learn more about the Katie School of Insurance and Financial Services

Application Procedure

Enrollment is limited to 25 students. Applications may be submitted online, faxed to (309) 438-5866, or mailed to Susan Mitchell, Department of Mathematics, Illinois State University, Campus Box 4520, Normal, IL 61790-4520. Be sure to send the letter of recommendation and grade transcripts with your application by April 1, 2008, to be considered for a scholarship to the program. Preference will be given to students who excel in mathematics, enjoy being intellectually challenged, and receive a lot of satisfaction out of applying their analytical skills to solve problems. The selection process will begin on April 1, 2008, and continue until 25 students are accepted.

Schedule

2008 Schedule

For More Information

Questions about the program may be addressed to Susan Mitchell, Department of Mathematics, Illinois State University, Campus Box 4520, Normal, IL 61790-4520, call (309) 438-7797 or, or e-mail:

Illinois State University

Illinois State University, founded in 1857, is a public, coeducational, and residential university with more than 20,000 students. The University is located in Normal, Illinois, 130 miles southwest of Chicago. Normal and the surrounding area (commonly referred to as Bloomington-Normal) has a population of 130,000 and offers a variety of educational activities, programs, and services for students’ intellectual development. Major employers include State Farm Insurance Company and Country Companies where students will take field trips to observe actuaries at work as part of the Minority High School Scholars Academy.

Insurance and Actuarial Science Programs

Illinois State University offers an insurance major and minor through the Department of Finance, Insurance and Law in the College of Business. The major requires 24 semester hours and the minor 18 semester hours of course work in life and health, property and liability, risk management, and financial planning. A major in actuarial science is offered through the Department of Mathematics. The curriculum prepares graduates to work in the insurance industry or as consultants dealing with the risk analysis of potential loss exposures. Insurance and actuarial science students also have an opportunity to complete an internship during their junior and/or senior years.