College of Science and Health > Academics > Mathematical Sciences > Undergraduate > Mathematical Sciences (BA) > Concentration Requirements > Actuarial Science Concentration

Actuarial Science Concentration

Actuarial Science uses mathematics, statistics and financial theory to study uncertain future events, especially those that relate to risk management and insurance programs. This concentration prepares students to work for insurance or pension consulting firms, and government.

Course Requirements

Course Title Quarter Hours
MAT 351PROBABILITY AND STATISTICS I4
MAT 352PROBABILITY AND STATISTICS II4
MAT 353PROBABILITY AND STATISTICS III4
MAT 361THEORY OF INTEREST4
MAT 362LIFE CONTINGENCIES I4
MAT 363LIFE CONTINGENCIES II4

​Open Electives 

Open elective credit also is required to meet the minimum graduation requirement of 192 hours.

Recommended Mathematics Courses

Course Title Quarter Hours
MAT 341
STATISTICAL METHODS USING SAS
MAT 355
STOCHASTIC PROCESSES
MAT 356
APPLIED REGRESSION ANALYSIS
MAT 358
APPLIED TIME SERIES AND FORECASTING
MAT 359
SIMULATION MODELS AND MONTE CARLO METHOD
MAT 364
LOSS MODELS I
MAT 365
LOSS MODELS II
MAT 367
CREDIBILITY THEORY
MAT 368
MATHEMATICS FOR FINANCE

Additional Recommended Courses

Course Title Quarter Hours
ACC 101
INTRODUCTION TO ACCOUNTING I
ECO 105
PRINCIPLES OF MICROECONOMICS
ECO 106
PRINCIPLES OF MACROECONOMICS
FIN 310
INTRODUCTION TO FINANCE
FIN 311
CORPORATE FINANCE
FIN 317
PRINCIPLES OF CORPORATE FINANCE FOR ACTUARIES 1
FIN 320
MONEY AND BANKING
FIN 330
INVESTMENTS: THEORY & PRACTICE
FIN 335
PORTFOLIO MANAGEMENT
FIN 362
ENTERPRISE RISK MANAGEMENT
FIN 363
DERIVATIVES: PRICING & APPLICATIONS

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