Academic Attributes of College Freshmen That Lead to Success in Actuarial Studies in a Business College

The authors studied beginning undergraduate actuarial concentrators in a business college. They identified four variables (math Scholastic Aptitude Test [SAT] score, verbal SAT score, percentile rank in high school graduating class, and percentage score on a college mathematics placement exam) that...

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Bibliographic Details
Published in:Journal of education for business 2006-05, Vol.81 (5), p.256-260
Main Authors: Smith, Richard Manning, Schumacher, Phyllis
Format: Article
Language:English
Subjects:
Academic achievement
Academic Aptitude
Aptitude Tests
Best practice
Business Administration Education
Business education
Careers
Class Rank
College Freshmen
College Graduates
College students
Colleges & universities
Comparative Analysis
Computer science
Core curriculum
Dropouts
Engineering
Majors (Students)
Mathematics
Mathematics Education
Predictor Variables
Probability
Regression (Statistics)
Regression analysis
Remedial Mathematics
SAT assessment
Scholastic Aptitude Test
School dropouts
Science Curriculum
Scores
Secondary schools
Success
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Summary:The authors studied beginning undergraduate actuarial concentrators in a business college. They identified four variables (math Scholastic Aptitude Test [SAT] score, verbal SAT score, percentile rank in high school graduating class, and percentage score on a college mathematics placement exam) that were available for entering college students that distinguished freshman actuarial majors who completed the major from those who changed concentrations at some point before completing the major. In addition, the authors developed a logistic regression model using the same variables that predicted the probability of a student being a member of the actuarial graduates or the actuarial dropouts. This information is expected to improve the ability of teachers to advise prospective and beginning actuarial students as to their likelihood of completing this challenging concentration and, thereby, qualifying for an entry-level position in the actuarial field.
ISSN:0883-2323
1940-3356
DOI:10.3200/JOEB.81.5.256-260