Actuarial Science

Courses

Actuarial Science

The department of Mathematics and Computer Science is thrilled to introduce a mathematics major with an emphasis in actuarial science.  According to the Society of Actuaries, an actuary is “a business professional who analyzes the financial consequences of risk.” The career is consistently ranked as one of the best for overall job satisfaction (CNN, Forbes, Wall Street Journal, careercast.com, monster.com, etc.).  This interdisciplinary program will help to develop the skill set and background needed to successfully pursue careers in the actuarial field.

This program will provide thorough mathematical background that emphasizes topics relative to risk management.  Accompanying the mathematics courses, students will take economics and business courses that will further prepare them for actuarial careers.  The course structure was developed through recommendations from the Society of Actuaries.

Actuaries must take a series of professional exams.  The coursework in this program will fully prepare students for the first actuarial exam in probability (SOA exam P), and provide much of the background needed for the second exam in financial mathematics (SOA exam FM).  Students are also encouraged to seek summer internship opportunities while completing the major.  After graduation, students will be well-positioned to seek employment as actuaries or elsewhere in the field of risk management.

 

 Faculty Contacts:

  • Dr. Bob Cohen, Mathematics
  • Dr. Andy Keck, Mathematics

Mathematics Core

       CIS 190  Computer Science I ............................................................................................................................ 3 cr
       MATH 151  Calculus I ....................................................................................................................................... 4 cr
       MATH 220  Introduction to Advanced Mathematics ................................................................................  3 cr
       MATH 251  Calculus II...................................................................................................................................... 4 cr
       MATH 260  Applied Linear Algebra ...............................................................................................................  3 cr
       MATH 451  Analysis I ....................................................................................................................................... 3 cr
       MATH 471  Abstract Algebra I ........................................................................................................................ 3 cr
       MATH 495  Senior Seminar .............................................................................................................................. 2 cr
 

Mathematics Major: Comprehensive Programs actuarial science emphasis

A minimum of 56 credits is required, including the 25-credit Mathematics Core and the following:

  

       BUAD 311  Essential Excel Skills for the Workplace ..................................................................................  1 cr
       BUAD 312  Advanced Excel Applications ....................................................................................................  2 cr
       ECON 201  Macroeconomics ..........................................................................................................................  3 cr
       ECON 202  Microeconomics ............................................................................................................................  3 cr
       ECON 316  Econometrics .................................................................................................................................  3 cr
       ECON 361  Money, Banking, and Financial Markets .................................................................................. 3 cr
       MATH 213 Probability and Statistics .............................................................................................................  3 cr
       MATH 252  Calculus III ...................................................................................................................................  4 cr
       MATH 313  Statistical Modeling and Simulation ........................................................................................  3 cr
       MATH 314  Applied Probability ......................................................................................................................  3 cr
       MATH 414  Actuarial Mathematics ...............................................................................................................  3 cr

Faculty & Staff

Faculty

Andrew G. Keck
Professor of Mathematics
B.A., DePauw University; M.Phil., University of Utah; Ph.D., University of Montana.
Phone: (970) 943-2802
Office Location: Hurst Hall 212