Rockford, Illinois, native Bret Wilhelmi was one of three students in Grace College’s actuarial science major recently recognized for successfully passing preliminary exams required by the Society of Actuaries and the Casualty Actuarial Society to become credentialed actuaries. Houston Haney passed the first three exams, while Wilhelmi and Philip Wertz successfully passed the first two.
“These exams are very rigorous as the pass rates even for candidates with strong mathematical ability are still only around 50-55%,” said Assistant Professor of Actuarial Science Christopher Moore, who has served as an actuary for 18 years. “To pass an actuarial exam is a significant achievement. To pass two or three while still in school is highly significant and gives students a real advantage when trying to land their first actuarial position,” he said.
Wilhelmi is a current senior working toward both an undergraduate actuary degree and a finance degree. He is simultaneously taking online courses to get an MBA at Grace. He will earn all three degrees in a total of four years through the school’s bachelor’s and master’s dual degree program.
This summer, Wilhelmi is interning with KeyBank to gain experience in the banking industry.
“Dr. Johnson and Professor Moore are always so willing to be there to help us with any questions we might have while studying,” said Wilhelmi.
“The small class sizes and the low teacher-to-student ratio at Grace enable students to get help much more readily than they could in a much larger program,” added Moore.
U.S. News reports that actuarial science jobs consistently rank among the top jobs in business for salary, growth opportunity and job satisfaction. While these benefits are attractive, Moore acknowledged that faith is the chief motivator in the actuarial science program at Grace.
“The actuary degree at Grace begins with an acknowledgment that our loving Creator has blessed many with an aptitude to acquire the knowledge and skills to make sound decisions in the face of uncertainty. In response, we encourage our students to work hard to make the most of those talents with which God has blessed us,” said Moore.
To learn more about Grace College’s actuarial science program, visit their website.