ACTUARIAL MATHEMATICS

Associate Professor: Sprechini (Coordinator)

The Arctuarial Mathematics major is designed to offer, within a liberal arts framework, coursework to prepare for an actuarial career. Students obtain the necessary mathematical background for the first actuarial exam and two or three exams beyond the first one. Students also obtain some background in accounting, economics, and business which is needed fir an actuarial career. At the time of completion of all major requirements, or shortly thereafter, a student should be prepared to sit for up to four of the examinations of the Society of Actuaries.

The Actuarial Methematics major consists of 14 unit courses and two semesters of non-credit colloquia. In Mathematical Sciences, required courses are CPTR 125, MATH 128, 129, 130, 234, 238, 321, 332, 333, and 338. Also required are ACCT 110; ECON 110; one of MATH 214 or ECON 230; one of ACCT 130, ACCT 441, BUS 338, ECON 331, or ECON 441; two semesters of MATH 339 or 449 taken during the junior and/or senior years; successufl completion of any one of the Society of Actuaries Examinations (typically either the course 100 or course 110 Examinations) by the end of the junior year.

The Society of Actuaries gives VEE (Validation by Educational Experience) credit for a grade of at least B- in coursework in the areas of Economics, Applied Statistical Methods, and Corporate Finance. A grade of at least B- in both ECON 110 and 111 is necessary for credit in the area of Economics. Information about credit in the areas of Applied Statistical Methods and Corporate Finance can be obtained from the coordinator for the actuarial mathematics major.

Recommended courses include: ACCT 223, 224, 226, 344; BUS 339, 342; CPTR 108; ECON 220, 229, 332, 337; MATH 106, 231, 432, 434. It is also strongly recommended that the student complete as many of the actuarial examinations as possible prior to graduation.

Click here to see descriptions of the mathematical courses.