Mathematics—Concentration: Actuarial Science, B.A.

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.

MATH 192Calculus and Analytic Geometry I4
MATH 193Calculus and Analytic Geometry II4
MATH 292Calculus & Analytical Geometry III4
MATH 295Survey of Modern Mathematics3
MATH 260Linear Algebra3
MATH 330Mathematical Statistics I3
MATH 331Mathematical Statistics II3
MATH 311Differential Equations for Engineers4
MATH 255Financial Mathematics3
MATH 370Abstract Algebra3
Math Elective3
MATH 164Pre-Calculus for Business Students4
ECON 207Principles of Economics:Macro3
ECON 208Principles of Economics:Micro3
ECON 364Money & Banking3
Accounting and Finance
ACCT 251Financial Accounting3
ACCT 252Management Accounting3
FINC 320Investment Principles for Financial Planning3
FINC 371Managerial Finance3
ACCT 354Cost Accounting3
FINC 473Portfolio Analysis3
FINC 404Risk Management and Insurance3
FINC 471Seminar:Issues in Corporate Finance3
Plan of Study Grid
Semester 1Credits
ENGL 101
English Composition I
or English Composition I for English as a Second Language Students
4 - 6
MATH 164 Pre-Calculus for Business Students 4
MATH 175 Enhanced Precalculus 4
General Education Tier I Course 3
Semester 2
ENGL 102
or ESL 102
English Composition II
4 - 6
MATH 192 Calculus and Analytic Geometry I 4
ECON 207 Principles of Economics:Macro 3
MATH 166
Elementary Functions (Recommended Math Elective course)
or Statistics I
Semester 1
MATH 193 Calculus and Analytic Geometry II 4
MATH 295 Survey of Modern Mathematics (Tier II General Education Course) 3
ACCT 251 Financial Accounting 3
ECON 208 Principles of Economics:Micro 3
General Education Tier I 3
Semester 2
MATH 292 Calculus & Analytical Geometry III (Tier II General Education Course) 4
MATH 260 Linear Algebra (Tier II General Education Course) 3
MATH 330 Mathematical Statistics I 3
ACCT 252 Management Accounting 3
General Education Tier I Course 3
Semester 1
MATH 370 Abstract Algebra 3
MATH 331 Mathematical Statistics II 3
FINC 320 Investment Principles for Financial Planning 3
General Education Tier I Course 3
General Education Tier II Course 3
Semester 2
MATH 311 Differential Equations for Engineers 4
FINC 371 Managerial Finance 3
MATH 255 Financial Mathematics 3
General Education Tier II Course 3
General Education Tier II Course 3
Semester 1
FINC 473 Portfolio Analysis 3
ACCT 354 Cost Accounting 3
ECON 364 Money & Banking 3
Minor or Elective Course 3
General Education Tier III Course 3
Minor or Elective Course 3
Semester 2
FINC 571 3
FINC 503 3
Minor or Elective Course 3
Minor or Elective Course 3
Minor or Elective Course 1-3
 Total Credits123-129

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.