May 26, 2020
2019-2020 Undergraduate Catalog [Archived Catalog]
Actuarial Science (B.S.A.S.)
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
- This program is available on-campus
Declaring this Major:
- 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
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:
Actuarial Exams: Credits 18 + 5 recommended
EXAM FM: (Financial Mathematics)
EXAM IFM: (Investments & Financial Markets)
EXAM SRM: (Statistics for Risk Modeling)
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:
VEE Accounting & Finance:
Additional Required Courses: Credits 6
Must earn a C- or higher in each course:
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.
Earth, Atmospheric, and Planetary Sciences
- Sufficient additional credits to bring the total to 120.
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.
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.