February 27, 2023

TAMPA, FL - Wakely Consulting Group, an HMA Company, and Morgan State University (MSU) in Baltimore have partnered to offer students studying actuarial science the opportunity to receive a $5,000 academic and merit-based scholarship.

The scholarship, which can be renewed annually for up to four years, is designed to reward students for exemplary performance in math and analytics and recognize those who demonstrate a passion for pursuing a career in actuarial science.

Wakely Consulting Group (Wakely) is the premier source for healthcare actuarial consulting, helping clients understand the complex and evolving world of healthcare. Wakely’s philosophy includes a commitment to creating a diverse, authentic, and empowering workforce. This partnership with MSU, the only historically black college and university (HBCU) with a bachelor’s degree program in Actuarial Science, is a perfect match for this commitment.

“Wakely is proud to offer this scholarship as a small step toward our initiatives that strive to support greater diversity within the actuarial profession,” said Mary Hegemann, Wakely CEO. “In addition to this financial assistance, we look forward to assisting Morgan State University by hosting actuarial information sessions with students and offering internship opportunities in 2023.”

“Morgan State University's Actuarial Science Program is thrilled to partner with Wakely,” said Candice Marshall, director of MSU’s actuarial science program. “The new Wakely scholarship will provide a great opportunity for a well deserving student. Together, we will work toward enhancing the diversity of the actuarial profession.”

The scholarship is open to incoming freshmen and current sophomores accepted into Morgan State University’s actuarial science program in addition to the following criteria:

  • Student plans to study actuarial science at MSU on a full-time basis (minimum 12 credit hours per semester)
  • High school cumulative GPA of 3.2 at the time of application
  • Ability to provide two letters of recommendation and an official high school transcript
  • Ability to provide current resume
  • Completion of MSU’s Summer Academy of Mathematics and Science preferred, but not required
Applications can now be submitted for the 2023 fall semester.

About Wakely

We are thought leaders, going beyond the numbers. Wakely Consulting Group, an HMA Company, is the premier source for healthcare actuarial consulting, helping clients understand the complex and evolving world of healthcare, using the best tools, talent, and data. For more information, visit www.wakely.com.

About Morgan State University

Morgan State University, founded in 1867, is a Carnegie-classified high research (R2) institution offering more than 140 academic programs leading to degrees from the baccalaureate to the doctorate. As Maryland’s Preeminent Public Urban Research University, and the only university to have its entire campus designated as a National Treasure by the National Trust for Historic Preservation, Morgan serves a multiethnic and multiracial student body and seeks to ensure that the doors of higher education are opened as wide as possible to as many as possible. For more information about Morgan State University, visit www.morgan.edu.

Contact: Kelly Niebel, kniebel@healthmanagement.com