Learn about the Actuarial Science Concentration
Actuarial Science is the study of identifying and evaluating risk, specifically for insurance companies and pension plans. The curriculum offers you both the mathematical and functional business components, which are necessary for the training of an actuary. The program also prepares yous 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.
Given the additional steps required if you are considering a career as an actuary, the Actuarial Science faculty have created this helpful booklet which outlines the nuances of the VEE examinations and the necessary professional preparations that you must take to pursue the field.
Actuarial Science Concentration Requirements
To declare a concentration in Actuarial Science, you must fill out the concentration declaration form on Stern Life
You are required to complete 31 credits of coursework that consist of:
- Introduction to the Theory of Probability (STAT-UB 14)
- Mathematics of Investment (STAT-UB 27)
- Corporate Finance (FINC-UB 7)
- Calculus I (MATH-UA 121)
- Calculus II (MATH-UA 122)
- Calculus III (MATH-UA 123)
- Linear Algebra (MATH-UA 140)
- 2 Advanced Electives
Approved Actuarial Science Advanced Electives
While you are only required to take two courses from this list, you are encouraged to take as many of these courses that work within your curriculum to better prepare for the actuarial exams.
- Applied Stochastic Processes for Financial Models (STAT-UB 8)
- 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)