Apr 07, 2025  
2024-25 Undergraduate Catalog 
    
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2024-25 Undergraduate Catalog

Mathematics/Actuarial Science and Statistics, BS

Program Code: MATH-ACTU

The program for an actuarial science and statistics major in the Kopchick College of Natural Sciences and Mathematics prepares students for the actuarial and finance professions. In comparison with other mathematics majors, students in actuarial science take additional course work in finance, economics, and statistics preparing them to complete the first two professional actuarial exams and to pursue employment in the areas of insurance and investment. (1, 2) 

Liberal Studies: 43-44

As outlined in the Liberal Studies Requirements  with the following specifications:

Learning Skills: 6 (3)

Mathematics:

Social Science:

Liberal Studies Elective: 6

  • No courses with MATH Prefix. ECON 122  and at least one course in a foreign language that fulfills a Liberal Studies elective are required.

Major:

Mathematics Core: 28

Required Courses:

One course from the following:

3 credits are required.

Actuarial Science and Statistics Core: 30

Required Courses:

Choose two of the following:

Other Requirements:

Free Electives: 18-19

Recommended:

Total Degree Requirements: 120

(1) Should pass SOA Exam P or Exam FM.

(2) “B” or higher grades in course work that carries Validation by Educational Experience (VEE) from the Society of Actuaries (required for SOA credential).

(3) English Composition II requirement is fulfilled by the department’s Writing Plan.

(4) Students should take 2 credits of MATH 480 in Spring of junior year and 1 credit in Spring of senior year.

(5) Three credits of internship will be applied to the major. Additional credits may count as free electives.

SLOs

#
Program OutcomeIndicatorCourse(s)Category
1

Learn and recall concepts in calculus, linear algebra, and probability and statistics 

80% of students score higher than 145 on ETS Major Field Test taken in MATH 480 or during MATH 493; 80% of graduating students earn total major GPA 3.0 or higher 

Senior status students 

A
2

Construct mathematical proofs using the methods of direct proof, indirect proof, proof by contradiction, proof by contrapositive, and mathematical induction 

80% of students earn total GPA of 3.0 or higher in MATH 271

Junior status studentsB
3

Apply mathematics to analyze, model, and solve actuarial and financial problems 

80% of graduating students earn total major GPA 3.0 or higher 

Senior status students 

C
4

Effectively communicate mathematics 

80% of students earn ratings of proficient or distinguished on the communications skills rubric as evaluated by the instructor of MATH 480 or the MATH 493 internship program coordinator

Senior status students 

C