Nov 27, 2024

2020-2021 Undergraduate Catalog

2020-2021 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 200 ~ 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:

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

Program Requirements:

Actuarial Science 4-Year Plan

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

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 6-8

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

Core and Concentration (Major) Courses

Student Success Seminar: Credit 1

MA 19000 - Topics In Mathematics For Undergraduates Cr. 1-5.
taken as: Student Success Seminar Cr. 1

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 + 6 recommended

EXAM FM: (Financial Mathematics)

MA 27300 - Financial Mathematics Cr. 3.
MA 27302 Financial Math Practicum Cr. 1 - optional but recommended

EXAM IFM: (Investments & Financial Markets)

EXAM P: (Probability)

STAT 49000 - Topics in Statistics for Undergraduates Cr. 1-5. taken as: Exam P Practicum - Cr.1. - optional but recommended
STAT 51600 - Basic Probability and Applications Cr. 3.

EXAM SRM: (Statistics for Risk Modeling)

STAT 49000 - Topics in Statistics for Undergraduates Cr. 1-5. taken as: Introduction to Statistical Computing with R Cr.1 - optional but recommended
STAT 51200 - Applied Regression Analysis Cr. 3.
STAT 51800 - Introduction To Statistical Learning Cr. 3 - optional but recommended
STAT 52000 - Time Series And Applications Cr. 3.

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.

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.