Drake adding new credit-earning pathway for actuarial science students
Students in Drake University’s School of Actuarial Science and Risk Management will be able to earn credit for select Society of Actuaries exams based on course performance as the university has received University-Earned Credit (UEC) status from the Society of Actuaries. Starting in the fall 2022 semester, students can earn credits toward the financial mathematics and statistics for risk modeling exams by attaining required UEC scores in related courses. “This new pathway demands a high academic standard to ensure that the same exam rigor is present in our curriculum so Drake’s Center of Actuarial Excellence status provides our students an ideal foundation for success,” Alejandro Hernandez, dean of the College of Business and Public Administration, said in a prepared statement. “The UEC is the first step in the SOA’s new modernized and modularized education system designed to empower students. We are eager to be on the leading edge of this initiative to offer new options and opportunities for students and employers.” According to the news release, the program earned the UEC status after an application process, which involved faculty and leadership showing work done to structure related courses to meet standards established and monitored by the SOA. Drake is one of 20 of the SOA’s Centers of Actuarial Excellence in the U.S.