The Department of Statistics and Actuarial Science is a department specialized in maximizing the synergy between information statistics and actuarial science, which can receive more spotlight in the future society.
First of all, in the field of information statistics, five professors lecture academics to nurture statistical experts who can analyze big data to diagnose social phenomena and suggest solutions. In particular, in preparation for an increase in the demand for data scientists in the future, we operate a big data convergence major program to train data scientists together with the Department of Software and the Department of Smart System Software.
In the field of actuarial science, four professors educate the field of financial statistics focusing on actuarial science. Actuarial science is an academic field that comprehensively deals with mathematical tasks such as insurance product development, insurance premium calculation, risk management, and profit and loss analysis, and it includes financial analysis of social security systems such as the national pension service and the health insurance. Certified experts in the field of actuarial science are called actuaries, and they work as experts in various institutions such as insurance companies, banks, and the National Pension Service.
Data scientists and actuaries are among the most preferred careers for college graduates, according to US research such as US News, World Report, and CareerCast, etc. As the grade progresses, the students in our department can choose one of the two academic fields to study intensively and change the selected field according to their aptitude. Soongsil University is the only school where students can study both statistics and actuarial science at the same time, and we are striving to become the best professional educational institution in the field.
Kwon Hyuk-Sung, head of the Department of Statistics and Actuarial Science