Nov 24, 2024

2019-2020 Undergraduate Catalog

2019-2020 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, IFM)
obtain VEE credit from the Society of Actuaries in Economics, Accounting & Finance, and Mathematical 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 department courses taken for the major 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 MA 16500, MA 16600, and MA 17500 apply toward a mathematics major
Statistics courses must be numbered 49000 or higher to count toward a mathematics major

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.
Some majors may require particular General Education courses as specified in their program description. Up to six credits of approved General Education courses satisfying requirements in Areas A and B, and three credits satisfying requirements in Area C, may originate in the major. A grade of C- or higher in each course, and an overall GPA of 2.0 is required 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

Must earn a grade of C- or higher in the following courses:

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 18 + 5 recommended

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.
NOTE: A grade of C- or higher is required in these courses for graduation, but you will not receive VEE credit from the Society of Actuaries with less than a B- grade in each.

VEE Mathematical Statistics:

STAT 51700 - Statistical Inference Cr. 3.

VEE Economics:

VEE Accounting & Finance:

BUS 20100 - Principles of Financial Accounting Cr. 3.
BUS 30100 - Financial Management Cr. 3.

Additional Required Courses: Credits 6

Must earn a C- or higher in each course:

CS 11400 - Introduction to Visual Programming Cr. 3.
STAT 51100 - Statistical Methods Cr. 3.

Science Courses: Credits 7

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

Astronomy

ASTR 26400 - Descriptive Astronomy: Stars And Galaxies Cr. 3.
ASTR 36400 - Stars And Galaxies Cr. 3.
ASTR 37000 - Cosmology Cr. 3.
ASTR 40100 - Introduction To Astrophysics Cr. 3.

Biology

ANTH 20001 - Bioanthropology Cr. 3.
BIOL 10000 - Introduction to the Biological World Cr. 3.
BIOL 10001 - Introduction to the Biological World Laboratory Cr. 1.
BIOL 11700 - Principles of Ecology and Evolution Cr. 4.
BIOL 11900 - Principles of Structure and Function Cr. 4.
BIOL 12600 - Human Biology Cr. 3.
BIOL 12700 - Introduction to Human Diseases Cr. 3.
BIOL 14000 - Marine Biology Cr. 3.
BIOL 19500 - Special Assignments Cr.0-4.
a BIOL course at the 2000+ level or higher

Chemistry

CHM 10200 - Lectures in Chemical Science for Engineers Cr. 3.
CHM 11100 - General Chemistry Cr. 3. (credit given for CHM 11100 or CHM 11500)
CHM 11500 - General Chemistry Cr. 4. (credit given for CHM 11100 or CHM 11500)
CHM 11600 - General Chemistry Cr. 4.
CHM 18300 - Cooperative Work Experience I Cr. 0.
CHM 18400 - Cooperative Work Experience II Cr. 0.

Earth, Atmospheric, and Planetary Sciences

EAPS 10001 - General Geology Cr. 3-5.
EAPS 10300 - Earth Science: Materials and Processes Cr. 3.
EAPS 10401 - Earth Science: Evolution of the Earth Cr. 3.
EAPS 11301 - Directed Study in Earth Science Cr. 1-2.
an EAPS course at the 2000+ level or higher

Geography

GEOG 10700 - Physical Systems of the Environment Cr. 3.
GEOG 10900 - Weather and Climate Cr. 3.
GEOG 23700 - Mapping Our World Cr. 3.
GEOG 31500 - Environmental Conservation Cr. 3-5.

Physics

PHYS 12700 - Physics for Computer Graphics and Animation Cr. 3.
PHYS 15200 - Mechanics Cr. 5.
a PHYS course at the 2000+ level or higher

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.

Summer Internships

It is recommended that all students participate in a summer internship. These are offered on a competitive basis and are not guaranteed. Good internships tend to pay well and provide valuable experience that future employers look for in a good job candidate. Completion of at least one actuarial exam is helpful in acquiring a summer internship.