AY 2014-2015 ACADEMIC PROGRAM REVIEW SELF-STUDY TEMPLATE
Reporting School/College: Tobin College of Business
Program Reviewed: Actuarial Science BS M
Date Submitted to Department/Division Chair:
Overview and Program Review Summary: Please summarize this program’s mission and its relationship to the vision
and mission of St. John’s University, and the program’s School/College. Identify similar programs regionally and
nationally and distinguish this program from them. In addition, summarize your findings as they relate to (1) program
quality, (2) market growth potential, and (3) student learning. Also, summarize any significant changes, achievements
(by faculty and students and the program itself), and plans for the future. Finally, based on the information gleaned
from the data in the self-study, give an overall rating of the program’s Enrollment/Market Potential by categorizing it as
one of the following: (1) Enhance; (2) Maintain; (3) Reduce support, Phase out, Consolidate, or Discontinue.
(Suggested limit 1 page)
STANDARD 1. The purpose of the program reflects and supports the strategic vision and mission of St. John’s
University, and the program’s School/College.
1a.
What evidence can you provide that demonstrates that the program embodies the Catholic, Vincentian, and
metropolitan identity of St. John’s University? www.stjohns.edu/about/out-mission. (Suggested limit 1/3 page)
1b.
What evidence can you provide that demonstrates that the program embodies the University’s vision.
www.stjohns.edu/about/out-mission/vision-statement. (Suggested limit 1/3 page)
1c.
What evidence can you provide that demonstrates that the program embodies the vision and mission of the
program’s School/College? (Suggested limit 1/3 page)
Standard 1.
Additional comments if needed. (Suggested limit 1 page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 1
STANDARD 2. The program attracts, retains, and graduates high quality students.
2a.
Undergraduate SAT and High School Average
SAT
High School Average
2005
2006
2007
2008
2009
2005
2006
2007
2008
2009
Program
1246
1247
1232
1255
1235
91
93
92
91
92
School/
College
1094
1079
1111
1100
1112
87
87
88
87
89
University
1068
1075
1075
1087
1092
86
87
87
87
88
Freshmen SAT Scores
Fall 2010
Act Science - M
Fall 2011
1,264
Fall 2012
1,293
Fall 2013
1,273
1,269
Freshmen High School Average
Fall 2010
Act Science - M
Fall 2011
91
Fall 2012
92
Fall 2013
93
92
SAT Scores
High School Average
2010
2011
2012
2013
2010
2011
2012
2013
School/
College - M
1198
1212
1200
1213
89
89
91
91
Total University
1097
1087
1096
1104
87
87
88
89
Intended college major for 2012 college-bound seniors
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 2
TestTakers
SAT
Intended College Major
Mean
Scores
Number
Percent
(%)
Critical
Reading
14,762
10.9%
474
Business Management, Marketing, and Related Support
Services
Mathemati Tota
cs
l
511
985
* For further information, please visit http://www.ets.org/s/gre/pdf/gre_guide.pdf.
Undergraduate 1st Year Retention Rate
2b.
Fall
2003
2004*
2005
2006
2007
2008**
# Fresh
# Ret
%
Program
100%
80%
83%
90%
85%
37
30
81%
School/
College
79%
74%
81%
81%
74%
445
346
78%
University
78%
78%
78%
79%
76%
3268
2557
78%
Note* The % of students started in Fall 2004 and returned to the program in Fall 2005
** The % of students started in Fall 2008 and returned to the program in Fall 2009
2009
Total
ACT
29
2010
Returned
DNR
#
%
#
%
24
83%
5
17%
Total
21
2011
Returned
DNR
Total
#
%
#
%
20
95%
1
5%
14
2012
Returned
DNR
#
%
#
%
11
79%
3
21%
Total
30
Returned
DNR
#
%
#
%
28
93%
2
7%
Fall
2009
2010
2011
2012*
# Fresh
# Ret
%
School/
College - Q/M
79%
83%
76%
376
299
80%
Total University
78%
78%
76%
2757
2195
80%
* The % of students started in Fall 2012 and returned to the program in Fall 2013
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 3
2c.
Undergraduate 6 Year Graduation Rate
Fall
1999
2000
2001
Program
2002
2003
60%
56%
82%
School/
College
Average Rate
67%
76%
78%
71%
64%
University
64%
59%
61%
61%
53%
2004
Total
ACT
25
2005
Graduated
#
%
16
64%
Total
2006
Graduated
29
Total
#
%
18
62%
30
2006
2007
2007
Graduated
#
%
27
90%
Total
26
Graduated
#
%
21
81%
Fall
2004
2005
School/College
Average Rate Q/M
59%
58%
61%
59%
Total University
58%
58%
59%
55%
2d.
Graduate Standardized Test Scores
Not Applicable
2e.
Please describe how the program compares with peer and aspirational institutions.
(Suggested limit 1/2 page)
2f.
If applicable, describe the program’s student performance over the past five years on licensure or professional
certification exams relative to regional and national standards. (Suggested limit 1/4 page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 4
2g.
Number of majors and minors enrolled over the past five years. See table below.
Fall
Number of Students
2006
2007
2008
2009
Majors
79
101
101
109
110
Minors
0
0
0
0
0
Total
79
101
101
109
110
MAJORS
2h.
2005
ACT
BS
Fall 2010
Fall 2011
Fall 2012
Fall 2013
Majors
Majors
Majors
Majors
87
78
89
110
Number of degrees granted during the past five years. See table below.
Academic Year
Degrees
Granted
04/05
05/06
06/07
07/08
08/09
BS
5
6
19
18
15
10/11
11/12
12/13
Degrees
Degrees
Degrees
Conferred Conferred Conferred
TCB-UG
ACT
Actuarial Science
TCB_SRM_ACTUARIAL_BS_M
BS
13
20
20
Self-Study Template 5
Below is comparison degrees conferred data for local and national institutions based on data retrieved from the IPEDS
website. This is based on the Classification of Instructional Program (CIP) Code of 52-Business, Management, Marketing,
and Related Support Services.
20092010
20102011
20112012
Bachelors
Local
4,149
4,315
4,362
National 358,293 365,093 366,815
1
Local institution include: Adelphi University, Columbia University, CUNY Queens College, Fordham University,
Hofstra University, Iona College, C.W. Post University, Manhattan College, New York University, Pace University,
Seton Hall University, Stony Brook University, and Wagner College.
Comments : Based on the data in 2g and 2h, how do these trends compare to institutional, regional and national
patterns? (Suggested limit 1/2 page)
2i.
What mechanisms are in place to monitor students’ progress toward degree? And, to what extent is there a
collaborative effort to provide quality advising and support services to students? (Suggested limit 1/4 page)
2j.
If available, provide information on the success of graduates in this program as it relates to employment or
attending graduate school. (Suggested limit 1/4 page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 6
2k.
Please comment on the students’ competencies in the program. Support your response using data provided
below and any other data available. (Suggested limit 1/3 page)
Standard 2.
Additional comments if needed: (Suggested limit 1 page)
STANDARD 3. The program engages in ongoing systematic planning that is aligned with the University and
School/College planning, direction, and priorities.
3a.
How does your program’s strategic goal/objectives link to your School/College plan and the University’s strategic
plan? http://www.stjohns.edu/about/leadership/strategic-planning
3b.
What is the evidence of monitoring the external and internal environments, specifically what are the strengths,
weaknesses, opportunities and threats facing the program? How were they identified? What actions have been taken
in response to these findings? What characteristics of the program suggest a competitive edge against other programs
regionally and nationally?
3c.
What is the current and future market demand for the program? Support your response using the data
provided below or any other internal or external sources to justify your response.
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 7
Fastest growing occupations and occupations having the largest numerical increase in employment by level of
education and training projected.
Change, 2010-20
Fastest Growing Occupations
Percent
Numeric
27%
5,800
Actuaries
Occupations having the
largest numerical increase
in employment
Change, 2010-20
Percent
Numeric
27%
5,800
Actuaries
Projected Changes in Related Occupations (2010 – 2020)
Changes, 2010-20
Grow Much Faster Than Average - Increase 21% or More %
Actuaries
Percent
Numeric
27%
5,800
*For more information please visit: http://www.bls.gov/news.release/ecopro.toc.htm
Standard 3.
Additional comments if needed: (Suggested limit 1 page)
STANDARD 4. The program provides a high quality curriculum that emphasizes and assesses student learning and
engagement.
4a.
Please indicate how the program curriculum is in alignment with the following three items:
(Suggested limit 1/2 page for each of the three categories below)
1. Standards within the discipline
2. Curriculum integrity, coherence, academic internships, teaching excellence, teaching vibrancy, and study
abroad experiences.
3. The University Core competencies
4b.
The syllabi for the courses within this program incorporate the suggested elements of a syllabus – an example of
which can be found at the following St. John’s University Center for Teaching and Learning link. (Suggested limit 1/3
page) http://stjohns.campusguides.com/content.php?pid=71651&sid=984766
4c.
Describe the assessment model currently in place for the program and indicate the extent to which disciplinary
and core knowledge, competence, and values are met, as well as findings and action plans for improvement. For
reference, visit WeaveOnline – https://app.weaveonline.com//login.aspx; Digication – https://stjohns.digication.com
(Suggested limit 1/2 page)
4d.
What, if any, external validations, e.g. specialized accreditations, external awards, other validations of quality
has the program received? (Suggested limit 1/3 page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 8
Standard 4.
Additional comments if needed. (Suggested limit 1 page)
STANDARD 5. The program has the faculty resources required to meet its mission and goals.
5a.
Below you will find the number of students enrolled as majors and minors in the program. Please complete the
table by adding the number of full-time faculty assigned to the program. Then calculate the student to full-time faculty
ratio.
Fall 2005
# Majors/
FT Faculty
FT
Majors
79
PT
Fall 2006
Total
79
Minors
FT
PT
101
Fall 2007
Total
101
0
FT
PT
99
2
0
Majors
& Minors
Combined
79
0
79
101
# of FTE
Students
(Majors &
Minors)
79
0
79
101
0
0
101
101
Fall 2008
Total
101
FT
PT
109
99
2
1
Total
FT
109
0
99
Fall 2009
PT
109
1
0
101
109
100
109
0
0
Total
110
0
109
109
109
109
1
0
110
109
# of FTE
Faculty
assigned to
the program
1.21
2.02
2.24
2.27
2.43
FTE Student/
FTE Faculty
Ratio
65.06
50.00
44.65
48.08
44.77
# of Total FTE
Faculty in the
Department
6
7
7
7
7.33
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 9
Fall 2010
F
P
Majors
MAJORS
Fall 2011
Total
F
P
86
MAJORS/MINORS
1
87
77
1
FTE MAJORS
F
Total
78
89
Fall 2011
F
P
Total
89
109
1
Fall 2012
110
Fall 2013
F
P
Total
F
P
Total
F
Total
F
P
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
Total
86
1
87
77
1
78
89
89
109
1
110
Fall 2010
Total
Total
Fall 2013
Majors Majors Majors Majors Majors Majors Majors Majors Majors Majors
Fall 2010
Total
Fall 2012
Fall 2011
Fall 2012
Fall 2013
F
P
Total
F
P
Total
F
Total
F
P
Total
FTE
FTE
FTE
FTE
FTE
FTE
FTE
FTE
FTE
FTE
FTE
77
0.333
77.333
89
89
109
86
Fall 2010
0.333 86.333
Fall 2011
Fall 2012
0.333 109.333
Fall 2013
# of FTE faculty assigned
to the program
FTE Student/FTE Faculty
Ratio
Important Notes:
FTE Students = Number of FT Students + (number of PT Students/3)
FTE Faculty = Number of FT Faculty + (number of PT Faculty/3)
This methodology is used by SJU for all external reporting.
The figure for majors includes first and any second majors.
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 10
5b.
Below you will find the credit hours the department has delivered by full-time faculty and part-time faculty
(including administrators) and the total credit hours consumed by non-majors.
Credit Hours
Fall 2005
Taught
#
792
Fall 2006
Fall 2007
Fall 2008
Fall 2009
%
#
%
#
%
#
%
#
%
100%
1080
100%
1104
98%
1203
100%
933
94%
0%
0
0%
18
2%
0
0%
57
6%
100%
1080
100%
1122
100%
1203
100%
990
100%
FT Faculty
PT Faculty
0
Total
792
% consumed
by
Non-Majors
48%
Credit Hrs Taught
32%
Fall 2010
Number
F-T Faculty
1,341
P-T Faculty (inc
Admin)
-
Fall 2011
Percent
100.0%
0.0%
Number
1,230
Percent
100.0%
1,374
100.0%
0.0%
% Consumed by
Non-Majors
1,341
100%
-
0.0%
0.0%
1,230
100%
Fall 2011
Fall 2012
213
228
412
TCB_SRM_ACTUARIAL_BS_M
18.5%
1,239
Percent
100.0%
-
0.0%
0.0%
100%
Fall 2010
15.9%
Number
0.0%
1,374
17%
Fall 2013
Number
-
18%
Fall 2012
Percent
0.0%
Total
17%
30.0%
1,239
100%
Fall 2013
426
34.4%
Self-Study Template 11
5c.
Below you will find the number of courses the department has delivered by full-time faculty and part-time
faculty (including administrators).
Courses
Fall 2005
Taught
#
Fall 2006
%
Fall 2007
#
%
#
Fall 2008
%
100%
#
100%
%
#
%
100%
13
93%
FT Faculty
14
100%
15
PT Faculty
0
0%
0
0%
0
0%
0
0%
1
7%
Total
14
100%
15
100%
17
100%
14
100%
14
100%
Courses Taught
Fall 2010
17
Fall 2009
Fall 2011
14
Fall 2012
Number
Percent
Number
Percent
Number
Percent
F-T Faculty
15
100.0%
19
100.0%
19
100.0%
P-T Faculty (inc
Admin)
-
0.0%
-
0.0%
Total
15
TCB_SRM_ACTUARIAL_BS_M
100%
0.0%
-
0.0%
0.0%
19
100%
Fall 2013
Number
17
-
0.0%
19
100%
Percent
100.0%
0.0%
0.0%
17
100%
Self-Study Template 12
5d.
What is the representative nature of faculty in terms of demographics, tenure and diversity? (See departmental information on next
page). How well does this support the program? (Suggested limit 1/2 page)
2005
FT
#
%
Gender
Male
Female
Total
6
0
6
100%
0%
100%
Ethnicity
Black
Hispanic
Asian
White
Unknown
Total
1
0
3
2
0
6
Tenure Status
Tenured
Tenure-Track
Not Applicable
Total
#
PT
%
2006
Total
FT
#
%
6
0
6
7
0
7
100%
0%
100%
17%
0%
50%
33%
0%
100%
1
0
3
2
0
6
1
0
2
4
0
7
3
2
1
50%
33%
17%
3
2
1
6
100%
6
TCB_SRM_ACTUARIAL_BS_M
#
PT
%
2007
Total
FT
#
%
7
0
7
7
0
7
100%
0%
100%
14%
0%
29%
57%
0%
100%
1
0
2
4
0
7
1
0
3
3
0
7
4
1
2
57%
14%
29%
4
1
2
7
100%
7
#
PT
%
2008
Total
FT
#
%
#
PT
%
7
0
7
7
0
7
100%
0%
100%
1
0
1
100%
0%
100%
8
0
8
14%
0%
43%
43%
0%
100%
1
0
3
3
0
7
1
0
3
3
0
7
14%
0%
43%
43%
0%
100%
0
0
0
1
0
1
0%
0%
0%
100%
0%
100%
1
0
3
4
0
8
4
1
2
57%
14%
29%
4
1
2
4
1
2
57%
14%
29%
4
1
2
7
100%
7
7
100%
7
#
%
7
0
7
7
0
7
100%
0%
100%
14%
0%
43%
43%
0%
100%
1
0
3
3
0
7
1
0
3
3
0
7
4
1
2
57%
14%
29%
4
1
2
7
100%
7
#
PT
%
2009
Total
FT
Total
Self-Study Template 13
2010
FT
2011
PT
#
%
7
100%
#
Total
%
FT
PT
#
%
7
7
88%
0
1
13%
7
8
14%
1
1
0%
0
43%
3
0%
0
43%
3
0%
0
#
2012
Total
%
FT
PT
#
%
7
8
89%
1
1
11%
8
9
13%
1
1
0%
0
38%
3
0%
0
50%
4
0%
0
#
2013
Total
%
FT
PT
#
%
9
90%
1
1
10%
9
10
11%
1
1
0%
0
33%
3
0%
0
56%
5
0%
0
#
Total
%
Gender
Male
Female
Total
0%
7
0
0
8
0
9
1
0
10
Ethnicity
Black
1
Hispanic
Asian
American Indian/Alaskan
Native
3
White
3
3
4
3
5
3
6
10%
1
0%
0
30%
3
0%
0
60%
6
0%
0
2 or More Races
Native Hawaiian/Pacific
Islander
Unknown
Total
7
0
7
8
0
8
9
0
9
10
0
10
Tenure Status
Tenured
4
57%
4
5
63%
5
5
56%
5
6
60%
6
Tenure-Track
1
14%
1
1
13%
1
2
22%
2
2
20%
2
Not Applicable
2
29%
2
2
25%
2
2
22%
2
2
20%
2
Total
7
7
8
8
9
9
10
TCB_SRM_ACTUARIAL_BS_M
10
Self-Study Template 14
5e.
What evidence exists that the program’s faculty have engaged in research and scholarship on teaching and/or
learning in the program’s field of study? (Suggested limit 1/2 page)
5f.
What initiatives have been taken in the past five years to promote faculty development in support of the
program? (Suggested limit 1/2 page)
5g.
The table below shows the amount of external funding received by the department. If available, please provide
the dollar amount of externally funded research for full-time faculty supporting the program under review. (Program
dollar amounts are available through departmental records.)
Fiscal Year
External
Funding
04/05
05/06
06/07
07/08
08/09
$ Amount
Program
$ Amount
Department
Fiscal Year
External
Funding
09/10
10/11
11/12
12/13
$ Amount
Program
$ Amount
Department
-
-
TCB_SRM_ACTUARIAL_BS_M
-
6,000
Self-Study Template 15
5h.
Please comment on the table below that shows trends in overall course evaluation and instructional vibrancy for
you rprogram (if available), your college and the university. (Suggested limit ½ page)
Actuarial
Science (M)
Tobin College
of Business
Total
Undergraduate
Overall Evaluation (Spring)
2011
2012
2013
Instructional Vibrancy (Spring)
2011
2012
2013
3.61
3.93
3.65
3.87
4.09
4.07
3.95
3.98
4.00
4.22
4.26
4.2i8
4.01
3.21
4.07
4.27
4.29
4.35
Note: Institutional Vibrancy is the average of the first 14 questions on the course evaluation, with questions pertaining
to course organization, communication, faculty-student interaction, and assignments/grading. All course evaluation
questions range from 1 (Strongly Disagree) to 5 (Strongly Agree).
5i.
What percentage of full time faculty assigned to this program have terminal degrees or industry certifications
renewed within the past 2 years? Comment. (Suggested limit 1/3 page)
Standard 5.
Comments: Indicate to what extent the program has the faculty resources required to meet its mission
and goals. Include references from 5a – 5i. (Suggested limit 1 page)
Standard 5.
Additional comments if needed. (Suggested limit 1 page)
STANDARD 6. The program has adequate resources to meet its goals and objectives. And, it is cost-effective.
6a.
Narrative/Supportive Technological Environment - Comment on classrooms and labs meeting industry-standards
for quality and availability of hardware, software, and peripherals; library space, holdings and services; science
laboratories, TV studios, art/computer graphic labs; etc. (Suggested limit 1 page)
6b.
Narrative/ Supportive Physical Environment - Comment on level of faculty and student satisfaction with HVAC;
faculty and student satisfaction with classroom lighting, crowdedness, and acoustics; flexible teaching environments,
and faculty offices, etc.. (Suggested limit 1 page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 16
6c.
To what extent has the University funded major capital projects, e.g., renovations, which are linked directly to
the program during the past five years? (Bulleted list)
6d.
If external data that describes the cost effectiveness of the program has been provided by your School/College
Dean, please comment on the program’s cost-effectiveness. (Suggested limit 1 page)
Standard 6.
Additional comments if needed. (Suggested limit 1 page)
STANDARD 7. Effective actions have been taken based on the findings of the last program review and plans have
been initiated for the future.
Comments: (Suggested limit 1page)
TCB_SRM_ACTUARIAL_BS_M
Self-Study Template 17