Bachelor of Science in Actuarial Science
General Education Requirements
Students must satisfy the university general education requirements. Many of the courses for the degree may be used to fulfill math proficiency, information literacy, social science, and math and life/natural sciences requirements. There is no foreign language requirement for the degree.
Satisfactory/Unsatisfactory Option
Courses required for the major may not be taken on a satisfactory/unsatisfactory basis.
Required Courses
Candidates for the B.S. in Actuarial Science degree must complete a program of 62 credit hours of required courses. Each required course must be completed with a grade of C- or better and students must maintain a GPA of 2.0 for courses required for the degree.
| ACCTNG 2400 | Fundamentals of Financial Accounting | 3 |
| CMP SCI 1250 | Introduction to Computing | 3 |
| ECON 1001 | Principles of Microeconomics (MOTR ECON 102) | 3 |
| ECON 1002 | Principles of Macroeconomics (MOTR ECON 101) | 3 |
| ECON 4100 | Introduction to Econometrics | 4 |
| ECON 4120 | Time Series Econometrics for Economics and Finance | 4 |
| or ECON 4130 | Business and Economic Forecasting | |
| FINANCE 3500 | Financial Management | 3 |
| FINANCE 3521 | Financial Engineering: Applying Derivatives | 3 |
| FINANCE 3561 | Principles of Insurance | 3 |
| INFSYS 2800 | Information Systems Concepts and Applications | 3 |
| MATH 1800 | Analytic Geometry and Calculus I | 5 |
| MATH 1900 | Analytic Geometry and Calculus II | 5 |
| MATH 2000 | Analytic Geometry and Calculus III | 5 |
| MATH 1320 | Introduction to Probability and Statistics | 3 |
| or ECON 3100 | Economic Data and Statistics | |
| MATH 4010 | Financial Mathematics I | 3 |
| MATH 4020 | Financial Mathematics II | 3 |
| MATH 4200 | Mathematical Statistics I | 3 |
| MATH 4210 | Mathematical Statistics II | 3 |
| Total Hours | 62 | |
Recommended Courses
Students are strongly encouraged to take as many of the following courses as possible.
| CMP SCI 2250 | Programming and Data Structures | 3 |
| ECON 3001 | Intermediate Microeconomics | 3 |
| ECON 3002 | Intermediate Macroeconomics | 3 |
| ECON 4110 | Applied Econometrics | 4 |
| ECON 4995 | Internship in Actuarial Science | 1-3 |
| or MATH 4995 | Internship in Actuarial Science | |
| MATH 2450 | Elementary Linear Algebra | 3 |
| MATH 4260 | Introduction to Stochastic Processes | 3 |
Actuarial Science Program Outcomes
The Actuarial Science Program offers a bachelor of science degree and has identified what students will know and be able to do after completing the program. Explore this page to learn more about the program outcomes.
Bachelor of Science (B.S.) in Actuarial Science
- Learn basic programming techniques for use in actuarial applications.
- Understand the fundamental concepts of financial mathematics and how those concepts are applied in present and accumulated values for various streams of cash flow.
- Develop the fundamental probability tools for quantitatively assessing risk.
- Use the concepts of statistical inference, such as estimation and hypothesis testing, required for actuarial modeling.
- Become familiar with regression models to analyze and forecast time series data.
- Use economic reasoning to explain individual decision-making and economy-wide outcomes.
- Understand and apply accounting concepts and knowledge of financial instruments and how they are utilized.
- Develop knowledge of the theoretical basis of actuarial models and the application of those models to insurance and other financial risks.
Undergraduate Certificate in Actuarial Studies
- Understand the fundamental concepts of financial mathematics and how those concepts are applied in present and accumulated values for various streams of cash flow.
- Develop the fundamental probability tools for quantitatively assessing risk.
- Use the concepts of statistical inference, such as estimation and hypothesis testing, required for actuarial modeling.
- Understand financial instruments and how they are utilized.
Sample Four Year Plan
| First Year | |||
|---|---|---|---|
| Fall | Hours | Spring | Hours |
| INTDSC 10031 | 1 | ECON 1001 | 3 |
| ENGL 1100 | 3 | MATH 1800 | 5 |
| MATH 1045 | 5 | CMP SCI 1250 | 3 |
| INFSYS 1800 | 3 | CORE - US History and Government | 3 |
| CORE - Communication Proficiency | 3 | ||
| 15 | 14 | ||
| Second Year | |||
| Fall | Hours | Spring | Hours |
| ECON 1002 | 3 | ACCTNG 2400 | 3 |
| INFSYS 2800 | 3 | MATH 1320 | 3 |
| MATH 1900 | 5 | MATH 2000 | 5 |
| EXPLORE - Humanities and Fine Arts | 3 | EXPLORE - Humanities and Fine Arts | 3 |
| 14 | 14 | ||
| Third Year | |||
| Fall | Hours | Spring | Hours |
| ECON 4100 | 4 | FINANCE 3561 | 3 |
| ENGL 3100 or 3120 | 3 | MATH 3020 | |
| FINANCE 3500 | 3 | MATH 4200 | 3 |
| MATH 4010 | 3 | EXPLORE - Social Sciences | 3 |
| EXPLORE - Humanities & Fine Arts | 3 | Cultural Diversity Requirement | 3 |
| 16 | 12 | ||
| Fourth Year | |||
| Fall | Hours | Spring | Hours |
| ECON 4130 | 4 | Recommended course list, elective or minor | 16 |
| FINANCE 3521 | 3 | ||
| MATH 4210 | 3 | ||
| Recommended course list, elective or minor | 6 | ||
| 16 | 16 | ||
| Total Hours: 117 | |||
| 1 | INTDSC 1003 is required only for first-time freshmen and transfer students with less than 24 college credits. |
PLEASE NOTE: This plan is an example of what a four year plan could look like for a typical student. Placement exam scores in math as well as the completion of coursework may change the plan. It should not be used in the place of regular academic advising appointments. All students are encouraged to meet with their advisor each semester. All requirements are subject to change.