Apr 13, 2024  
2024-2025 Undergraduate Catalog 
2024-2025 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 life contingencies to pass the preliminary Actuarial Science examinations
  • 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 the major.
  • Of the STAT courses numbered below 49000, only STAT 19000, 24200, 29000, and 39000 apply toward the major.
  • New MA courses approved and added to the curriculum in future Catalogs may satisfy major requirements.
  • New STAT courses approved and added to the curriculum in future Catalogs may satisfy major requirements.
  • Transfer students with 30+ credits are not required to take the Freshman Success seminar.

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.

Supporting Courses:

English Writing and Speaking: Credits 6

  • ENGL 23301 (or a college-approved equivalent: ENGL 20201, HIST 21700, ILCS 30000, POL 20700, or WOST 23000).  This course is in addition to the General Education writing course (ENGL 13100 or equivalent).
  • COM 11400 (or the college-approved equivalent: HIST 12500).

Both courses require a grade of C- or better

Language: Credits 6

Two courses at the first-year level in a single International Language or in American Sign Language (or demonstrate equivalent proficiency).  

Note:  if you begin these courses at PFW at the second-semester level or higher, you and your advisor are eligible to apply for special course credits after successful completion of the course into which you placed.  Non-native English speaking students and those with other language transfer credits should contact the College’s Student Success Center.

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

The Exam course list includes two one-credit Optional but Recommended courses.  For details on the recommended courses, please see your advisor.

EXAM FM: (Financial Mathematics)

EXAM P: (Probability)

Exam FAM: (Fundamentals of Actuarial Mathematics)

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:

Additional Recommended Course: Credits 3

Optional but Recommended.  For course details, please see your advisor.

Science Courses: Credits 7

Choose two science courses under the following subject codes.  One of the courses chosen must include a lab.

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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