Jan 13, 2025

2018-2019 Undergraduate Catalog

2018-2019 Undergraduate Catalog [Archived Catalog]

Actuarial Science (B.S.A.S.)

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Program: B.S.A.S.
Department of Mathematical Sciences
College of Arts and Sciences

Kettler Hall ~ 260-481-6821

Programs leading to the Bachelor of Science in Actuarial Science help you prepare for employment in business and industry, or study for advanced degrees.

Student Learning Outcomes:
Upon completion of this degree, students will:

have sufficient preparation in calculus, linear algebra, probability, statistics, financial mathematics, and financial economics to pass the preliminary Actuarial Science examinations (P, FM, MFE)
obtain VEE credit from the Society of Actuaries in Economic, Finance, and Applied Statistics

Program Delivery:

This program is available on-campus

Declaring this Major:

Declare this major within the Department of Mathematical Sciences

General Requirements:

Program Requirements:

A GPA of 2.00 or higher for all major department courses taken with at most one passing grade less than 1.50 in courses used to fulfill the major requirements
Of the mathematics courses numbered below 26100, only 16500, 16600, and 17500 apply toward a mathematics degree
Statistics courses must be numbered 49000 or higher to count

To earn a Bachelor’s Degree in Actuarial Science, you must fulfill the following requirements in addition to the General Requirements noted above:

General Education Requirements: Credits 33

Click on the Purdue Fort Wayne General Education Requirements link above for details.
A grade of C- or higher is required in each course to satisfy the Purdue Fort Wayne General Education Requirements

College of Arts and Sciences Requirements

Click on the Purdue Fort Wayne College Requirements link above. Go to Arts and Sciences Requirements for the Bachelor of Science Degree

English Writing and Speaking: Credits 6

See Part A in Arts and Sciences Requirements for the Bachelor of Science Degree for Speaking Requirement

ENGL 23301 - Intermediate Expository Writing Cr. 3.
(or other approved writing course)

International Language: Credits 8

See Part B in Arts and Sciences Requirements for the Bachelor of Science Degree

Core and Concentration (Major) Courses

Basic Mathematics Core: Credits 18

MA 16500 - Analytic Geometry and Calculus I Cr. 4.
MA 16600 - Analytic Geometry and Calculus II Cr. 4.
MA 26100 - Multivariate Calculus Cr. 4.
MA 35100 - Elementary Linear Algebra Cr. 3.
MA 36300 - Differential Equations Cr. 3.

Actuarial Exams: Credits: 13 (15 recommended)

EXAM P

Take both STAT courses; a grade of C- or higher is required in each course.

STAT 51600 - Basic Probability and Applications Cr. 3.
STAT 51700 - Statistical Inference Cr. 3.
MA 49000 - Topics in Mathematics for Undergraduates Cr. 1-5. (Practicum P Credit: 1 - optional but recommended)

EXAM FM

MA 27300 - Financial Mathematics Cr. 3.
MA 49000 - Topics in Mathematics for Undergraduates Cr. 1-5. (Practicum FM Credit: 1 - optional but recommended)

EXAM MFE

MA 49000 - Topics in Mathematics for Undergraduates Cr. 1-5. (Models in Financial Economics Credits: 4)

Validation by Educational Experience (VEE): Credits: 15

A grade of B- or higher in the following STAT, ECON, and BUS courses is required to receive VEE credit from the Society of Actuaries:

Applied Statistical Methods: Credits 6

STAT 51200 - Applied Regression Analysis Cr. 3.
STAT 52000 - Time Series And Applications Cr. 3.

Economics: Credits 6

Corporate Finance: Credits 3

Choose one of the following:

Additional Required Courses: Credits 12

BUS 20100 - Principles of Financial Accounting Cr. 3.
BUS 20200 - Principles of Managerial Accounting Cr. 3.
CS 11400 - Introduction to Visual Basic Cr. 3.
STAT 51100 - Statistical Methods Cr. 3.

Science Courses: Credits 11

Choose three science courses from the list below; two of the courses chosen must include a lab. Check with the Department of Mathematical Sciences for updates to this list.

General Electives

Sufficient additional credits to bring the total to 120.

Total Credits: 120

Student Responsibility

You are responsible for satisfying the graduation requirements specified for your selected program. Thus, it is essential that you develop a thorough understanding of the required courses, academic policies, and procedures governing your academic career. All requests for exceptions to specific requirements must be made in writing and may be granted only by written approval from the appropriate chair or dean.