Actuarial Mathematics Courses
Associate Professor: Sprechini (Coordinator)
The Actuarial Mathematics major is designed to offer, within a liberal arts framework, coursework to prepare for an actuarial career.
The Actuarial Mathematics major consists of a core 14 courses and two semesters of non-credit colloquia (MATH 449). Students must successfully complete the following 9 courses:
Students must also choose two courses from:
Topics in Actuarial Mathematics rotates through various topics which cover material necessary for several of the actuarial exams. Students may repeat this course as an elective in order to explore these various topics in full. To finish the 14 core courses, students must choose one from Principles of Macroeconomics (ECON 110) and Principles of Microeconomics (ECON 111), one from Multivariable Statistics (MATH 214) and Econometrics (ECON 340), and one of the following:
Typically, students use their freshman and sophomore years to complete the necessary coursework in accounting, calculus, computer science, economics and matrix algebra. However, students who begin their freshman year with AP credit in calculus can finish this coursework more quickly and begin upper level coursework in probability, statistics, interest theory and actuarial models as early as their sophomore year. These upper level courses are essential preparation for examinations of the Society of Actuaries. Students should be prepared to pass Exam P (Probability), Exam FM (Financial Mathematics) and Exam MFE (Actuarial Models, Financial Economics Segment), all of which are required for any certification by the Society of Actuaries. It is strongly recommended that the student complete as many of the actuarial examinations as possible prior to graduation.
The Society of Actuaries gives VEE (Validation by Educational Experience) credit for a grade of at least B- in coursework in the areas of Economics, Applied Statistical Methods, and Corporate Finance. Information about credit in the areas of Applied Statistical Methods and Corporate Finance can be obtained from the coordinator for the actuarial mathematics major.
In addition to the typical course load, many Actuarial Mathematics majors show an interest in completing extra practice problems outside of classes to prepare for the actuarial exams. In many semesters, a study group is arranged to meet once a week with a faculty member to discuss these practice problems.
For more information, please refer to the College Catalog.