Program Overview

School of Natural Sciences and Mathematics

The School of Natural Sciences and Mathematics offers a Bachelor of Science in Actuarial Science, which is administered through the Department of Mathematical Sciences. This program provides students with a rigorous and well-rounded actuarial education, including a strong foundation in mathematics, statistics, computer and data science, economics, and finance.

Actuarial Science (BS)

The Bachelor of Science in Actuarial Science program prepares students to take seven actuarial preliminary Society of Actuaries (SOA) exams: Probability - P/1, Financial Mathematics - FM/2, Fundamentals of Actuarial Mathematics - FAM, Advanced Short Term Actuarial Mathematics - ASTAM, Advanced Long Term Actuarial Mathematics - ALTAM, Statistics for Risk Modeling - SRM, and Predictive Analytics - PA. Students also achieve Validation of Educational Experience (VEE) credits in Accounting and Finance, Economics, and Mathematical Statistics.

Degree Requirements

The degree requirements for the Bachelor of Science in Actuarial Science include:

• 120 semester credit hours
• Core Curriculum Requirements: 42 semester credit hours
• Major Requirements: 77-78 semester credit hours
• Elective Requirements: 0-1 semester credit hour

Core Curriculum Requirements

The Core Curriculum Requirements include:

• Communication: 6 semester credit hours
• Mathematics: 3 semester credit hours
• Life and Physical Sciences: 6 semester credit hours
• Language, Philosophy and Culture: 3 semester credit hours
• Creative Arts: 3 semester credit hours
• American History: 6 semester credit hours
• Government/Political Science: 6 semester credit hours
• Social and Behavioral Sciences: 3 semester credit hours
• Component Area Option: 6 semester credit hours

Major Requirements

The Major Requirements include:

• Major Preparatory Courses: 29-30 semester credit hours beyond Core Curriculum
• Major Core Courses: 48 semester credit hours

Major Preparatory Courses

The Major Preparatory Courses include:

• UNIV 1010 Comets to the Core Pre-Assessment
• NATS 1101 Natural Sciences and Mathematics Freshman Seminar
• ACCT 2301 Introductory Financial Accounting
• ACCT 2302 Introductory Management Accounting
• BCOM 3300 Business Communication
• CS 1436 Programming Fundamentals
• CS 1337 Computer Science I
• ECON 2301 Principles of Macroeconomics
• ECON 2302 Principles of Microeconomics
• MATH 2417 Calculus I
• MATH 2418 Linear Algebra
• MATH 2419 Calculus II
• MATH 2420 Differential Equations with Applications
• PHYS 2325 Mechanics
• PHYS 2125 Physics Laboratory I
• PHYS 2326 Electromagnetism and Waves
• PHYS 2126 Physics Laboratory II

Major Core Courses

The Major Core Courses include:

• ACTS 4301 Long Term Actuarial Mathematics I
• ACTS 4302 Investment and Financial Markets
• ACTS 4303 Long Term Actuarial Mathematics II
• ACTS 4304 Short Term Actuarial Mathematics I
• ACTS 4305 Short Term Actuarial Mathematics II
• ACTS 4307 Statistics for Risk Modeling
• ACTS 4308 Actuarial Financial Mathematics
• ACTS 4309 Theory of Options
• ACTS 4310 Predictive Analytics
• MATH 3351 Advanced Calculus
• ITSS 3300 Information Technology for Business
• ITSS 4301 Database Systems
• STAT 3355 Introduction to Data Analysis
• STAT 4351 Probability
• STAT 4352 Mathematical Statistics
• STAT 4382 Stochastic Processes

Elective Requirements

The Elective Requirements include:

• RMIS 3370 Principles of Risk Management and Insurance
• RMIS 4331 Business Liability Risk Management and Insurance
• MATH 3310 Theoretical Concepts of Calculus
• MATH 3311 Abstract Algebra I
• MATH 3379 Complex Variables
• MATH 4334 Numerical Analysis

Preparation for Actuarial Exams

The program prepares students for the following actuarial exams:

• Exam 1/P: STAT 4351
• Exam 2/FM: ACTS 4308
• Exams 3L/FAM/ALTAM: ACTS 4301 and ACTS 4303
• Exams 3F/ALTAM/ FAP modules: ACTS 4302 and ACTS 4309
• Exams 4/FAM/ASTAM: ACTS 4304 and ACTS 4305
• Exam SRM: ACTS 4307
• Exam PA: ACTS 4310

Validation by Educational Experience (VEE) Credits

The program provides VEE credits in:

• Mathematical Statistics: STAT 3355 and STAT 4352
• Accounting and Corporate Finance: ACCT 2302 and ACTS 4302
• Economics: ECON 2301 and ECON 2302

Fast Track Baccalaureate/Master's Degrees

The Fast Track program allows well-qualified UT Dallas undergraduate students to take up to 15 graduate semester credit hours that may be used to complete the baccalaureate degree and also to satisfy the requirements for the master's degree.

Minors

The School of Natural Sciences and Mathematics offers a Minor in Actuarial Science, which is administered through the Department of Mathematical Sciences. The minor requires 24 semester credit hours, including 9 semester credit hours of minor core courses and 15 semester credit hours of minor preparatory courses.

Minor in Actuarial Science

The Minor in Actuarial Science includes:

• Minor Preparatory Courses: 15 semester credit hours
  • MATH 2417 Calculus I
  • MATH 2419 Calculus II
  • MATH 2451 Multivariable Calculus with Applications
  • ITSS 3300 Information Technology for Business
• Minor Core Courses: 9 semester credit hours
  • STAT 4351 Probability
  • ACTS 4301 Long Term Actuarial Mathematics I
  • ACTS 4308 Actuarial Financial Mathematics

Faculty

The faculty for the Actuarial Science program includes:

• Professors: Swati Biswas, Min Chen, Pankaj Choudhary, Baris Coskunuzer, Mieczyslaw Dabkowski, Vladimir Dragovic, Sam Efromovich, Yulia Gel, Wieslaw Krawcewicz, Susan Minkoff, L. Felipe Pereira, Dmitry Rachinskiy, Viswanath Ramakrishna, Janos Turi, John Zweck
• Associate Professors: Maxim Arnold, Yan Cao, Liang Hong, Oleg Makarenkov, Tomoki Ohsawa, Anh Tran
• Assistant Professors: Carlos Arreche, Noirrit Chandra, Ronan Conlon, Rizwanur Khan, Qiwei Li, Stephen McKeown, Chuan-Fa Tang, Jiayi Wang, Nathan Williams, Nan Wu, Yunan Wu
• Professors Emeriti: Larry Ammann, Ali Hooshyar, Patrick Odell, John Van Ness
• Clinical Professor: Natalia Humphreys
• Clinical Associate Professor: Mohammad Akbar
• Clinical Assistant Professor: Wenyi Lu
• Professors of Instruction: Anatoly Eydelzon, Manjula Foley, Bentley Garrett, Yuly Koshevnik
• Associate Professors of Instruction: Mohammad Ahsan, Kelly Aman, Malgorzata Dabkowski, Rabin Dahal, Derege Mussa, My Linh Nguyen, Jigarkumar Patel, Julie Sutton
• Assistant Professors of Instruction: Anani Komla Adabrah, Iris Alvarado, Saikat Biswas, Hui Ding, Adannah Duruoha, Kemelli Estacio-Hiroms, Huizhen Guo, Shengjie Jiang, Joselle Kehoe, Runzhou Liu, Neha Makhijani, Irina Martynova, Diarisoa Mihaja Rakotomalala, Adrian Murza, Ajaya Paudel, Octavious Smiley, Nasrin Sultana, Che-Yu Wu