Jul 31, 2021  
2021-2022 Undergraduate Catalog 
    
2021-2022 Undergraduate Catalog

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


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Program: B.S.A.S.
Department of Mathematical Sciences  
College of Science

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:

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.

English Writing and Speaking: Credits 6


In addition to the General Education writing course (ENGL 13100) or equivalent), you are required to complete ENGL 23301 or an equivalent second writing course.  You are also required to complete COM 11400 or an equivalent oral communication course.  Courses meeting these requirements require a grade of C- or better.   Click on the PFW College of Science link above for more details.

Language: Credits 6


You must complete two courses at the first-year level in a single international language or in American Sign Language (or demonstrate equivalent proficiency).  Click on the PFW College of Science link above for more details.

Core and Concentration (Major) Courses


Student Success Seminar: Credit 1


Basic Mathematics Core: Credits 18


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

Actuarial Exams: Credits 18 + 6 recommended


EXAM FM: (Financial Mathematics)


EXAM P: (Probability)


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.

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.

Chemistry


Earth, Atmospheric, and Planetary Sciences


Physics


General Electives


  • Sufficient additional credits to bring the total to 120.

Total Credits: 120


Student Responsibility


You are responsible for ensuring that you satisfy all graduation requirements specified for each selected program.  Thus, it is essential that you develop a thorough understanding of the required courses, academic policies, and procedures governing your academic career.  If you cannot complete all program requirements by your stated graduation date but fail to remove those from your plan of study, the Registrar’s Office in consultation with your academic advisor will remove unmet pursuits from your plan of study. Changing curricular records during the graduation term of application may affect state or federal financial aid awards. 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.

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