The requirements for admission into the Bachelor of Arts in Mathematics with a concentration in Actuarial Science are:

• a minimum cumulative grade point average (CGPA) of 2.75 and
• a minimum grade of B in Calculus and Analytic Geometry I or its equivalent.

Accepted majors must maintain:

• a minimum overall CGPA of 2.75 and a minimum CGPA of 2.75 for all mathematics courses counted toward the major and
• a minimum grade of C in all required math courses.

This concentration allows enough room to accommodate the general education requirements, as well as the math major requirements and the economics, accounting and finance credits needed for actuaries (74 credits total: 37 mathematics credits and 37 credits of economics, accounting, and finance including precalculus for business).

Prospective actuaries must pass a series of professional exams administered by the actuarial professional societies and show that certain subjects have been sufficiently covered by university or other coursework (Validation by Educational Experience, VEE). The coursework for the proposed concentration is selected to provide sufficient background to enable students take and pass the first two actuarial exams: the Financial Mathematics (FM/2) exam during their junior year, and the Probability (P/1) exam during their senior year. In this way students will be well positioned for this job market after completing the program. The program also includes courses that serve as preparation for subsequent actuarial exams and as satisfaction of VEE.

The proposed concentration also provides the graduate with numerous alternatives if the student decides to pursue a graduate degree. The student has the background to pursue a graduate degree in Actuarial Science, Mathematics, Statistics, Economics, or an MBA. In the latter two areas the student will have the advantage of taking many upper level courses in mathematics and statistics that may enhance the work in their own areas.

Student Learning Outcomes

Upon completion of the Mathematics BA program concentration Actuarial Science, students will be able to:

1. Demonstrate a solid foundation in mathematics by the ability to solve a variety of basic and advanced mathematical problems.
2. Correctly solve a wide variety of actuarial science problems using both basic and advanced mathematical techniques.
3. Apply actuarial mathematics to solve problems in a variety of fields, including insurance, finance, investment, and other businesses.
4. Communicate effectively and clearly both in written and oral forms.
5. Apply technology to actuarial problem solving.
6. Gain practical experience in actuarial science through internships, independent projects or research.