Actuarial Science Minor

Learning Goals and Objectives

Goal 1:  Students will master the quantitative and analytical skills required to obtain an entry level position in the actuarial science profession.

Objective 1.1:  Students will be able to apply and use the fundamentals tools of calculus and the principles of mathematical proofs to solve applied and theoretical mathematical problems.

Objective 1.2: Students will be able to demonstrate mastery of the computational skills used in probability theory as well as the use of discrete and continuous probability distributions to model various applications in the natural sciences, engineering, finance, insurance and the social sciences.

Goal 2: Students will have the knowledge to qualify for professional credentials awarded by the Society of Actuaries and the Casualty Actuary Society.

Objective 2.1: Students will be able to demonstrate their knowledge of macro and micro economics and obtain VEE (validation by experience and education) credit from professional actuarial societies.

Objective 2.2: Students will know the content covered in the first professional actuarial science examination.

Goal 3: Students will attain proficiency in research methodology and computer technology.

Objective 3.1: Students will be able to conduct quantitative research using appropriate statistical methodology.

Objective 3.2: Students will be able to demonstrate proficiency in the use of computer software such as EXCEL and SPSS.

With the approval of the Actuarial Science Director, students may minor in actuarial science. Students desiring to minor in actuarial science must take the following courses:

ECN 101Introductory Economics Micro3
ECN 102Introductory Economics Macro3
MAT 161Calculus I4
MAT 162Calculus II4
MAT 213Calculus III4
MAT 321Probability3
MAT 322Mathematical Statistics3
ASC 301Actuarial Probability3
ACC 101Concepts: Financial Accounting3
FIN 200Intro to Finance3