Actuarial Science

About Actuarial Science

Actuarial science is the discipline that applies mathematical and statistical methods to assess financial risk in insurance and other industries and professions. Actuaries apply mathematics, probability theory, statistics, finance, economics and computer science to analyze past data and use that information to determine how much money should be set aside to cover the financial losses which could occur in the future. They attempt to quantify the risk of an event occurring using probability analysis so that its financial impact can be determined. To become a certified actuary, one must pass a series of actuarial exams. In order to improve one's career prospects, it is suggested that students try to pass at least one or two exams before graduation. For the insurance industry, they develop, price, and manage insurance products. They are involved in defining and creating pension and retirement plans for organizations. They serve as financial planning advisors. Actuaries also provide financial services, such as banking and investment management. They work with government institutions such as the Social Security Administration, the Department of Labor, and Medicare to manage social programs and to develop regulations and legislation. Download a copy of the Actuarial Science Track.


Most common career pathway with a degree in Actuarial Science


Actuarial Science Track

Freshman Year - FALL [15 hrs]

Course Name Hours
ENC 1101 Freshman Communication Skills I 3
MAC 2311 Calculus I 4
AMH 2091 Introduction to African American History 3
  Humanities Core 3
ISC 1058 Scientists Life Skills 2

Freshman Year - SPRING [17 hrs]

Course Name Hours
ENC 1102 Freshman Communication Skills II 3
STA 2023 Probability and Statistics 3
COP 3014C Programming in C Language 4
MAC 2311 Calculus II 4
MAN 2543 Introduction to Business Systems 3




Sophomore Year - FALL [18 hrs]

Course Name Hours
MAC 2313 Calculus III 5
STA 3034 Mathematical Statistics (fall only) 3
MAS 3105 Linear Algebra 3
SPC 2608 Public Speaking 3
  Approved Science Sequence* 4

Sophomore Year - SPRING [16 hrs]

Course Name Hours
COT 3100 Discrete Mathematics 3
MAP 2302 Differential Equations 3
  Humanities Elective 3
  Approved Science Sequence* 4
  Social Science Core 3




Junior Year - FALL [18 hrs]

Course Name Hours
MAD 3401 Numerical Analysis (fall only) 3
ECO 2013 Principles of Economics I 3
ACG 2021 Financial Accounting Principles 3
MAT 4937 Senior Seminar I (fall only) 3
  Social Science Elective 3
  Elective 3

Junior Year - SPRING [12 hrs]

Course Name Hours
ACG 2301 Managerial Accounting 3
ECO 2023 Principles of Economics II 3
FIN 3403 Corporate Finance 3
  Elective 3




Senior Year - FALL [15 hrs]

Course Name Hours
MAA 4211 Advanced Calculus I (fall only) 3
MAN 3025 Principles in Management 3
RMI 3011 Principles of Risk Management & Insurance 3
  Electives 6

Senior Year - SPRING [9 hrs]

Course Name Hours
MAP 4103 Mathematical Modeling 3
MAR 3023 Principles of Marketing 3
  Elective 3

*Approved Science sequences:

General biology (BSC 1010/L, BSC 1011/L)
General chemistry (CHM 1045/L, CHM 1046/L)  or
General physics (PHY 2048/L, PHY 2049/L)