Actuarial Science is the study of identifying and evaluation of risk, specifically for insurance companies and pension plans. The curriculum offers students both the mathematical and functional business components, which are necessary for the training of an actuary. The program also prepares students to take the first four examinations offered by the Society of Actuaries and the Casualty Actuarial Society. The courses required also satisfy the three Validation by Educational Experience (VEE) areas of Economics, Finance, and Applied Statistical Methods.
Concentrate in Actuarial Science
For course descriptions, prerequisites and course scheduling options, please see the Course Index.
Actuarial Science Program Requirements (31 units)
|To complete the actuarial science area of study, students must complete the following courses:|
|Introduction to the Theory of Probability||STAT-UB 14|
|Mathematics of Investment||STAT-UB 27|
|Corporate Finance||FINC-UB 7
This course covers topics that appear on the actuarial examinations. Please see the Finance Department's Website for more information.
|Calculus I||MATH-UA 121
More information regarding MATH-UA courses can be found on the Math Department's Website.
|Calculus II||MATH-UA 122|
|Calculus III||MATH-UA 123|
|Linear Algebra||MATH-UA 140|
|2 Advanced Additional Electives||See list of approved statistics courses.|
Approved Statistics Courses (You must take at least two)
|Statistical Inference and Regression Analysis||STAT-UB 15|
|Forecasting of Time Series Data||STAT-UB 18|
|Introduction to Stochastic Processes||STAT-UB 21|
|Life Contingencies||STAT-UB 37|
|Though you are only required to take two courses from this list, we encourage you to take all four of these courses to better prepare for the actuarial exams.|