Actuarial Mathematics

Associate Professor: Sprechini (Coordinator)

The Actuarial 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 for 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 Mathematics major consists of 14 unit courses and two semesters of non-credit colloquia. In Mathematical Sciences, required courses are CPTR 125, MATH 128 (or exemption by examination from 128), 129, 130, 234, 238, 332, 333, and two courses from MATH 321, 325, 338, and 400. Also required are ACCT 110; one of ECON 110 or 111; one of MATH 214 or ECON 340; one of ACCT 130, ACCT 441, BUS 238, ECON 330, 331 or 441; 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 mathematics major.

Other recommended courses include: ACCT 223, 224, 226, 344; BUS 242, 339; ECON 220, 229, 332, 337; MATH 106, 115, 231, 432, 434. It is also strongly recommended that the student complete as many of the actuarial examinations as possible prior to graduation.