Actuarial Science / Minor

Minor Credit Hours: 26

Minor Requirements

Minor: ASCI

The minor in Actuarial Science will allow students to obtain a deeper understanding of mathematics in combination with statistics and business management in preparation for a career as an actuary or in a related field. The courses will focus on the quantification and management of risk that improve decision-making under uncertainty. Students will cultivate their analytical and problem-solving skills, business skills, communication skills, and computer skills while also preparing to pass the first two actuarial exams.

I. Required Courses (17)

MATH-20600Applied Calculus

4

-
OR

MATH-20900Calculus 1

4

MATH-23500Calculus 2

4

MATH-31500Probability Theory

3

MATH-31600Advanced Statistics

3

MATH-35500Financial Mathematics

3

II. Select one of the following statistics courses (3):

BIOL-32000Biostatistics

3

BSAN-34900Business Statistics

3

MATH-22000Applied Probability and Statistics

3

PSYC-30300Statistics for the Social Sciences

3

III. Electives (6)

Students should choose one of the following tracks to fulfill the minor requirements. Note that each track below fulfills a Validation by Educational Experience (VEE) requirement, so it is beneficial to complete both tracks if a student has the extra time and space.
ECON-20000Basic Macroeconomics

3

-
AND

ECON-20100Basic Microeconomics

3

-
OR

ACCT-12000Principles of Accounting 1

3

-
AND

FINA-20000Principles of Finance

3