Program Overview

Actuarial Studies Program

The BBA in Actuarial Studies at Queens College is designed to prepare students for a career path in the insurance industry, as well as for a series of actuarial examinations.

Program Overview

The program builds upon core actuarial foundations, teaching students to measure and assess risk in insurance and related businesses. It emphasizes quantitative methods, including probability and statistical models, to perform actuary jobs. Students can also take courses in mathematics and computer science departments, providing a cross-departmental approach to learning.

Career Opportunities

Graduates of the Actuarial Studies program can pursue careers in:

• Insurance Companies
• Financial Planning
• Pension Funds
• Risk Analysis
• Actuarial Consulting

Areas of Study

The program covers various areas, including:

• Insurance
• Mathematics of Finance
• Life Contingency
• Asset Management
• Risk Assessment

Application and Requirements

To declare a BBA Major in Actuarial Studies, students must apply to the BBA program and fulfill the following requirements:

1. Complete ECON 101 & 102 and ACCT 101 & 102 before applying
2. Submit an application form for entrance to the BBA program
3. Obtain a minimum GPA of 2.5 across the 4 courses listed above

Program Requirements

Requirements for Actuarial Studies Majors include:

1. Admission to the BBA program, which requires a minimum GPA of 2.5 in the first four courses
2. A minimum GPA of 2.0 for courses taken as part of the Actuarial Studies Major at QC
3. No individual grade below C- is accepted
4. No more than 21 credits can be transferred into the program from other colleges

Required Courses

The program consists of 19 required courses and 2 electives, including:

1. ACCT 101: Introduction to the Theory and Practice of Accounting I
2. ACCT 102: Introduction to the Theory and Practice of Accounting II
3. ECON 101: Introduction to Macroeconomics
4. ECON 102: Introduction to Microeconomics
5. MATH 141: Calculus/Differentiation, or MATH 151: Calculus/Differentiation & Integration
6. MATH 142: Calculus/Integration and MATH 143: Calculus/Infinite Series, or MATH 152: Calculus/Integration & Infinite Series
7. MATH 201: Calculus
8. MATH 241: Introduction to Probability and Mathematical Statistics
9. MATH 242: Methods of Mathematical Statistics
10. ACCT 261: Business Law I or ACCT 367: Federal and New York State Taxes on Income
11. ECON 201: Macro-Economic Analysis
12. ECON 202: Price Theory
13. BUS 160W: Introduction to Business Writing
14. BUS 241: Corporation Finance
15. BUS 243: Economics of Distribution and Marketing
16. BUS 247: Managerial Economics
17. BUS 341W: Intermediate Finance
18. CSCI 048: Spreadsheet Programming
19. PHIL 160: Business Ethics

Electives

Students must choose 2 electives from the following courses:

• ECON 301: Economics of CryptoAssets
• ECON 302: Blockchain and Money
• BUS 390: Machine Learning in Business
• BUS 305: Foundations in FinTech

Recommended Courses for Actuarial Examination

The following courses are recommended for Actuarial Examination:

1. BUS 353: Options and Futures Markets
2. MATH 116: Mathematics of Finance
3. MATH 271: Actuarial Mathematics I: Calculus and Probability
4. MATH 272: Actuarial Mathematics II: Probability and Risk Management
5. BUS 350: Investment Analysis
6. BUS 352: Investment Management

Important Announcement

Students are advised not to wait until their last semester to take Math 242, as it is a course that closes quickly. They should email their name, CUNY ID, and desired semester to the Mathematics Department to ensure a spot in the course.