Major in Mathematics, Actuarial Science Concentration

Program Overview

The Actuarial Science concentration trains students in mathematics, statistics, business, and economics to analyze and plan for financial uncertainties and risks. The curriculum prepares students for the Society of Actuaries exams and provides the foundation for a career in actuarial science. With a focus on calculus, statistics, and finance, the program ensures students meet the educational requirements for actuarial certification.

Program Outline

Degree Overview:

The Actuarial Science concentration trains students to use mathematics, statistics, business, and economics to analyze and plan for future situations involving financial uncertainties and risks. This concentration is designed to qualify students to take the first two examinations administered by the Society of Actuaries and provides the foundation for the remaining examinations.

Outline:

Freshman Year:

• Semester 1:
• Critical:
• CO 150 College Composition (GT-CO2) - 1A3
• ECON 202 Principles of Microeconomics (GT-SS1) - 3C3
• MATH 192 First Year Seminar in Mathematical Sciences - 1 Arts and Humanities - 3B3
• Recommended:
• Pre-Calculus Requirements (MATH 117, MATH 118, MATH 124, MATH 125, MATH 126) - Must be completed by the end of Semester 1 if needed.
• Semester 2:
• Critical:
• ECON 204 Principles of Macroeconomics (GT-SS1) - 3C3
• MATH 161 Calculus for Physical Scientists II (GT-MA1) - 1B4
• Recommended:
• Biological and Physical Sciences - 3A5
• Diversity, Equity, and Inclusion - 1C3

Sophomore Year:

• Semester 3:
• Critical:
• ACT 210 Introduction to Financial Accounting - 3
• MATH 261 Calculus for Physical Scientists III - 4
• Recommended:
• Biological and Physical Sciences - 3A5
• Historical Perspectives - 3D3
• ECON 204 and MATH 161 must be completed by the end of Semester 3.
• Semester 4:
• Critical:
• FIN 310 Financial Markets and Institutions - 3
• MATH 369 Linear Algebra I - 4A3
• STAT 315 Intro to Theory and Practice of Statistics - 3
• Recommended:
• Select one course from the following:
• CS 220 Discrete Structures and their Applications
• MATH 235 Introduction to Mathematical Reasoning
• Select four credits from the following:
• CS 150A Culture and Coding: Java (GT-AH3) - 3B
• CS 150B Culture and Coding: Python (GT-AH3) - 3B
• CS 152 Python for STEM
• CS 158/MATH 158 Mathematical Algorithms in C
• CS 163 CS1---No Prior Programming Experience
• CS 164 CS1--Computational Thinking with Java
• MATH 151 Mathematical Algorithms in Matlab I
• MATH 152 Mathematical Algorithms in Maple
• STAT 158 Introduction to R Programming
• ACT 210 and MATH 261 must be completed by the end of Semester 4.

Junior Year:

• Semester 5:
• Critical:
• FIN 300 Principles of Finance - 3
• JTC 300 Strategic Writing and Communication (GT-CO3) - 23
• STAT 420 Probability and Mathematical Statistics I - 3
• Recommended:
• Select one course from the following:
• MATH 340 Intro to Ordinary Differential Equations
• MATH 345 Differential Equations
• Elective - 2
• Semester 6:
• Critical:
• ECON 335/AREC 335 Introduction to Econometrics - 3
• MATH 317 Advanced Calculus of One Variable - 4B3
• STAT 421 Introduction to Stochastic Processes - 3
• STAT 430 Probability and Mathematical Statistics II - 3
• Recommended:
• Arts and Humanities - 3B3
• MATH 317 and FIN 300 must be completed by the end of Semester 6.

Senior Year:

• Semester 7:
• Critical:
• FIN 342 Risk Management and Insurance - 3
• FIN 370 Financial Management-Theory and Application - 3
• Select one course from the following:
• MATH 417 Advanced Calculus I - 4C
• Elective - 6
• STAT 420 must be completed by the end of Semester 7.
• Recommended:
• Must take either MATH 417 (Fall) or MATH 435 (Spring) as a capstone.
• Semester 8:
• Critical:
• BUS 205 Legal and Ethical Issues in Business - 3
• MATH 495 Independent Study - 1
• Select one course from the following:
• MATH 435 Projects in Applied Mathematics - 4C
• Elective - 6-8
• Recommended:
• Must take either MATH 417 (Fall) or MATH 435 (Spring) as a capstone.
• The benchmark courses for the 8th semester are the remaining courses in the entire program of study.

Other:

• A minimum grade of C (3.000) is required in all mathematics, statistics, and computer science courses that are required for graduation.
• Students in this concentration must take a total of 10 credits in category 3A, and at least one course must have a laboratory component.
• Students in this concentration may need to obtain a prerequisite override from the appropriate department to enroll in FIN 300.
• The curriculum for the Major in Mathematics, Actuarial Sciences Concentration assumes students enter college prepared to take calculus.
Entering students who are not prepared to take calculus will need to fulfill pre-calculus requirements in the first semester: MATH 117, MATH 118, MATH 124, MATH 125, MATH 126.
• MATH 417 and MATH 435 are capstone courses for the program.
• The program requires a minimum of 120 credits, of which at least 42 must be upper-division (300- to 400-level).