Actuarial Science Minor

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Program: Minor
Department of Mathematical Sciences
College of Arts and Sciences

Kettler Hall 200 ~ 260-481-6821

Your selection of courses should be appropriate for your major. This minor program must be approved by the Math Department’s program review committee.

Declaring this Minor:

Declare this minor within the Department of Mathematical Sciences or through your major department
Students cannot declare a major and a minor in the same program

Program Requirements:

The catalog term for the minor will match that of your major degree program
At least 6 credits must be earned as resident credit at the 200+ level or above
You must earn a grade of C- or higher for all courses required in the minor
A minor is not awarded if requirements are not completed by the time your major degree is certified for graduation
You must complete a two Calculus course sequence (MA 16500/16600 or MA 22900/23000)
You must complete coursework leading to two actuarial exams
You must complete coursework required for one Validation by Educational Experience
You must have an overall GPA of 2.3 or higher in all courses included in the minor
No more than one grade as low as C- will be accepted in this minor

Requirements

Calculus Course Sequence: Credits 6-8

Choose one of the following sequences:

MA 16500 - Analytic Geometry and Calculus I Cr. 4. and
MA 16600 - Analytic Geometry and Calculus II Cr. 4.
or
MA 22900 - Calculus for the Managerial, Social, and Biological Sciences I Cr. 3. and
MA 23000 - Calculus for the Managerial, Social, and Biological Sciences II Cr. 3.

Courses Leading to Society of Actuaries Exams: Credits 6-9

Choose two from the following list:

Validation by Educational Experience (VEE): Credits 3-6

Choose one topic from the following list:

VEE in Economics:

VEE in Accounting and Finance:

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

VEE in Mathematical Statistics:

STAT 51700 - Statistical Inference Cr. 3.

Sample Minor Programs:

Sample Actuarial Minor for Business: Credits 18

MA 22900 - Calculus for the Managerial, Social, and Biological Sciences I Cr. 3.
MA 23000 - Calculus for the Managerial, Social, and Biological Sciences II Cr. 3.
MA 27300 - Financial Mathematics Cr. 3.
MA 49000 - Topics in Mathematics for Undergraduates Cr. 1-5. taken as: Models of Financial Economics Cr. 3.
ECON 20101 - Introduction to Microeconomics Cr. 3.
ECON 20201 - Introduction to Macroeconomics Cr. 3.

Sample Actuarial Minor for Engineering/Math/Sciences: Credits 21

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 27300 - Financial Mathematics Cr. 3.
STAT 51600 - Basic Probability and Applications Cr. 3.
STAT 51700 - Statistical Inference Cr. 3.

Total Credits: 15-21

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.