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The Department of Mathematics at the University of Evansville has launched a new bachelor’s degree in actuarial science. The program prepares students for a career as an actuary, a top-ranked profession offering high salaries in a low-stress environment. In addition to specialized courses focused on actuarial science, the program includes course work in mathematics, statistics and data science, computer science, economics, finance, and accounting. Students may enroll in the program beginning in Fall 2019.

“Actuaries are experts at modeling and managing risk,” said Mark Gruenwald, PhD, professor of mathematics and director of actuarial science. “They are highly trained professionals with strong analytical skills and specialized knowledge of math, statistics, and business. Their work provides financial security for insurance companies, multinational corporations, and the government. k electric jobs 2015 Not surprisingly, there is a growing demand for individuals with this rare combination of talent and expertise.”

“We are proud of the successes of our graduates,” said David Dwyer, PhD, chair of the mathematics department. “Our alumni can be found at the highest levels of the actuarial profession in insurance companies and consulting firms across the country and even abroad. Their input was instrumental in helping us to design a first-class program to prepare our students for the changing demands of the actuarial profession. The changes to our program were so significant that we created an entirely new degree dedicated to actuarial science.”

“Our alumni tell us that actuaries are increasingly exploiting cutting-edge techniques from the field of data science. One example is machine learning, a form of artificial intelligence,” said Gruenwald. “A few years ago, we established one of the few undergraduate programs in data science. Now we can leverage our data science courses to better serve our actuarial students. In fact, we will encourage all actuarial science majors to complete a minor in statistics and data science, and we anticipate that some will choose to complete a double major in actuarial science and statistics and data science.”

University of Evansville faculty members Joyce Stamm, associate professor of biology, and Adam Salminen, associate professor of mathematics, have secured a five-year, $610,600 grant through the National Science Foundation’s S-STEM (Scholarships in Science, Technology, Engineering, and Mathematics) program to assist students in science and mathematics. electricity jeopardy game The grant is one of about 90 awarded from the 436 proposals submitted to the S-STEM program, and is the largest faculty grant in school history.

The award provides funds for financial, academic, and professional support for students majoring in the sciences and mathematics. The majority of the grant, around $528,000, will fund the new UE Science and Math Scholarship (SAMS), which will provide four-year scholarships to approximately 34 academically talented students with financial need who are majoring in biochemistry, biology, chemistry, environmental science, mathematics, or physics.

The grant also provides funds for new support services for science and mathematics majors at UE. These services include an introductory summer course for incoming students, a semester-long course on study skills and time management, monthly career colloquiums, and a science and math-themed living-learning community in a campus residence hall. These activities will be available to all math and science students at UE and will continue after the grant ends in 2018.

“This grant not only represents an incredible opportunity to transform the lives of future students at the University of Evansville, but the National Science Foundation’s decision to fund the proposal also demonstrates the University’s outstanding track record of preparing students to succeed in math and science careers and graduate programs,” said John Mosbo, UE senior vice president for academic affairs. “At UE, students receive a personalized education that equips them to make an impact on the national shortfall of qualified STEM professionals. electricity and magnetism physics Dr. Salminen and Dr. Stamm’s successful grant application affirms that commitment to teaching.”

“The new student success initiatives will also help ease students’ transitions from high school to college, and from college to graduate school or the workforce,” Stamm added. “We believe this level of personal support will increase retention of students in math and science majors, and ultimately increase the number of qualified professionals in the STEM workforce.”

Dwyer, chair of the Department of Mathematics and a professor of mathematics, and Gruenwald, also a professor of mathematics, jointly received the award for scholarship. 66 gas station near me Beckman, a professor of chemistry, earned the award for service. UE President Tom Kazee presented both awards today at the University’s annual Fall Conference for faculty and administrators.

For this project, Dwyer and Gruenwald revised the standard three-semester calculus sequence to better meet the needs of students in a variety of STEM disciplines. They also wrote a 700-page textbook to support the first two semesters of this sequence, piloted the sequence at UE, and identified supporters of the redesigned sequence at other institutions.

The Berger Awards are presented annually in memory of Sadelle and Sydney Berger. Sadelle was a UE graduate and lifelong member of the Academy of Arts and Sciences at UE, while Sydney was a well-known local attorney. Both dedicated their lives to public service. gas bubble disease The Berger family established the endowment to give recognition to faculty at the University of Evansville.

The grant is one of 30 awarded out of over 400 proposals submitted to the NSF’s TUES program (Transforming Undergraduate Education in Science, Technology, Engineering and Mathematics) for extending and broadening the work of successful pilot projects related to undergraduate STEM education. It is one of only two such grants awarded for projects related to mathematics.

“This grant is not just a tremendous honor for Dr. Dwyer, Dr. Gruenwald, and the Department of Mathematics, but it is also a wonderful example of the quality of the faculty at the University of Evansville,” said UE President Thomas A. Kazee. “Their project has the potential to revolutionize the way calculus is taught across the nation. gas constant for nitrogen By funding this grant, the National Science Foundation affirms the remarkable commitment Professor Dwyer and Professor Gruenwald have made to scholarship and teaching.”

The grant supports the second phase of Dwyer and Gruenwald’s Resequencing Calculus project, which builds on work that was funded by a $150,000 NSF grant awarded in 2009. Under the first grant, Dwyer and Gruenwald revised the standard three-semester calculus sequence to better meet the emerging needs of students in a variety of STEM disciplines, wrote a 700-page textbook to support the first two semesters of this sequence, piloted the sequence at UE, and identified supporters of the redesigned sequence at other institutions.

Phase 2 of the project entails completing the three-semester textbook, testing and assessing the textbook and the sequence at four other universities (Valparaiso University, Millikin University, the University of Central Missouri, and the University of St. Thomas in Minnesota), and campaigning for broad and sustained adoption of the revised sequence.

“A close look at the order and choice of topics in the mainstream calculus sequence is long overdue, especially in light of the ever-increasing role of mathematical and statistical modeling in fields such as chemistry, biology, and economics,” said Dwyer. “For too many students and at too many institutions, mainstream calculus sequences as they exist now are a poor fit.”

“One of the goals of the Resequencing Calculus project is to rearrange the ordering and choice of topics in the mainstream calculus sequence to better fit the needs of today’s students,” Gruenwald added. “Our approach more closely connects calculus instruction with its application in STEM fields, and it facilitates deeper and earlier exposure to both upper-level math courses and upper-level courses in STEM disciplines where calculus is applied.”

A number of UE faculty members will serve in an advisory capacity to the project, including Mohammad Azarian, Erin Davis, Clark Kimberling, and Adam Salminen in the Department of Mathematics; Jeff Braun in the Department of Physics; and David Unger in the Department of Mechanical and Civil Engineering. Brian Ernsting, assistant dean of the College of Arts and Sciences, will serve as an internal assessment advisor. Teams of undergraduate math majors at UE will contribute to the development of the text and related materials.