Actuarial Science BS

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 2400Fundamentals of Financial Accounting3
CMP SCI 1250Introduction to Computing3
ECON 1001Principles of Microeconomics (MOTR ECON 102)3
ECON 1002Principles of Macroeconomics (MOTR ECON 101)3
ECON 4100Introduction to Econometrics4
ECON 4120Time Series Econometrics for Economics and Finance4
or ECON 4130 Business and Economic Forecasting
FINANCE 3500Financial Management3
FINANCE 3520Investments3
FINANCE 3521Financial Engineering: Applying Derivatives3
INFSYS 2800Information Systems Concepts and Applications3
MATH 1800Analytic Geometry and Calculus I5
MATH 1900Analytic Geometry and Calculus II5
MATH 2000Analytic Geometry and Calculus III5
MATH 1320Introduction to Probability and Statistics3
or ECON 3100 Economic Data and Statistics
MATH 4010Financial Mathematics I3
MATH 4020Financial Mathematics II3
MATH 4200Mathematical Statistics I3
MATH 4210Mathematical Statistics II3
Total Hours62

Recommended Courses

Students are strongly encouraged to take as many of the following courses as possible.

CMP SCI 2250Programming and Data Structures3
ECON 3001Intermediate Microeconomics3
ECON 3002Intermediate Macroeconomics3
ECON 4110Applied Econometrics4
ECON 4995Internship in Actuarial Science1-3
or MATH 4995 Internship in Actuarial Science
FINANCE 3561Principles of Insurance3
MATH 2450Elementary Linear Algebra3
MATH 4260Introduction to Stochastic Processes3

Learning Outcomes

Upon completion of the program, graduates will be able to:

  • 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.

Sample Four Year Plan

First Year
INTDSC 100311INFSYS 18003
ENGL 11003MATH 13203
MATH 18005MATH 19005
CMP SCI 12503EXPLORE - Humanities and Fine Arts3
CORE - Communication Proficiency3 
 15 14
Second Year
ECON 10013ACCTNG 24003
INFSYS 28003ECON 10023
MATH 20005MATH 40203
MATH 40103MATH 42003
 EXPLORE - Humanities and Fine Arts3
 14 15
Third Year
ECON 41004FINANCE 35213
ENGL 3100 or 31203EXPLORE - Social Sciences3
FINANCE 35003EXPLORE - Humanities and Fine Arts3
MATH 42103Cultural Diversity Requirement3
CORE - US History and Government3Recommended course, elective or minor3
 16 15
Fourth Year
ECON 41304Recommended course, elective or minor3
FINANCE 35613Recommended course list, elective or minor3
Recommended course list, elective or minor3Recommended course list, elective or minor3
Recommended course list, elective or minor3Recommended course list, elective or minor3
Recommended course list, elective or minor3Recommended course list, elective or minor3
 16 15
Total Hours: 120

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.