Actuarial Science

Associate Professor: Sprechini (Coordinator)

  • Major: Actuarial Mathematics
  • Courses required for major: 14
  • Math prerequisite (not counted in major): Math 127
  • Math requirement: CPTR 125, Math 128 (or exemption), Math 129, etc.
  • Non-credit Colloquium: 2 semesters
  • Capstone requirement: Math 449

The Actuarial Science major is designed to offer course work within a liberal arts framework to prepare for a career in actuarial science. Students obtain the necessary mathematical background for two or three actuarial exams. Students also obtain some background in accounting, economics, and business which is needed for a career in actuarial science. At the time of completion of all major requirements, or shortly thereafter, a student should be prepared to sit for at least two, and possibly up to four of the examinations of the Society of Actuaries. 

Major Requirements

The Actuarial Science major consists of 56 credits and two semesters of non-credit colloquia. In Mathematical Sciences, required courses are CPTR 125, MATH 128 (or exemption by examination), 129 (or exemption by examination), 130, 234, 238, 325, 332, 333, and one course from MATH 231, 321, 338, or 400. Also required are ACCT 110; ECON 110 or 111; MATH 214 or ECON 340; one of ACCT 130, ACCT 441, BUS 238, ECON 330, 331, or 441; and two semesters of MATH 449.

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 science major.

Other recommended courses include: ACCT 223, 225, 344, 345, 436, 442; BUS 339, 410; ECON 220, 227, 229, 332, 337; MATH 115, 432, 434. It is also strongly recommended that the student complete as many of the actuarial examinations as possible prior to graduation.

Capstone Requirement

All majors must successfully complete two semesters of MATH 449.

Writing Course

The following course, when scheduled as a W course, counts toward the Writing Requirement: MATH 234.