Actuarial Science
An actuary is a mathematician responsible for estimating risks,
primarily in the insurance and financial security industries. The
Butler program helps to prepare students for the jointly
administered CAS/SOA Examinations P, FM, MLC, MFE and C. In
addition to the departmental requirements below, a student must
complete the University Core Curriculum, the College of Liberal
Arts and Sciences language requirement, and other general
requirements, including a writing intensive course.
Requirements for the Major
MA106, 107, 208, Calculus and Analytic Geometry I, II, III
MA215, Linear Algebra
MA360, Probability Theory I
MA361, Statistical Theory
MA362, Applied Statistical Methods
MA363, Probability Theory II
MA372, Loss Models
MA395, Financial Mathematics
MA397, Actuarial Mathematics I
MA398, Actuarial Mathematics II
MA399, Financial Derivatives
Requirements for the Minor
MA106, 107, Calculus and Analytic Geometry I, II
MA360, Probability Theory I
MA395, Financial Mathematics
Two of the following courses:
MA363, Probability Theory II
MA372, Loss Models
MA397, Actuarial Mathematics I
MA398, Actuarial Mathematics II
MA399, Financial Derivatives
Recommendation:
Actuarial Science majors should complete the following
business courses: AC203, 204 (Introduction to Accounting I, II),
MS265 (Information Management), EC231,232 (Principles of
Micro/Macroeconomics), FN340 (Corporation Finance) and FN347
(Investments). CS142 (Programming) is also recommended. In
addition, Actuarial Science majors are strongly encouraged to pass
the CAS/SOA Exam P (probability) and FM (mathematics of finance),
and obtain a summer internship while still an undergraduate.
Students will be required to submit to SOA grades of B- or
better for FN340, FN347, EC231, EC232, and MA362 to validate
educational experience for these courses.
Suggested Four-Year Schedule - Fall Even Start
| |
Fall |
Spring |
First Year
even fall/odd spring |
MA106
EC231, optional CS142
MS100 |
MA107
EC232
MS265 |
Second Year
odd fall/even spring |
MA208
MA360
AC203
MA215 |
MA363
MA361
AC204 |
Third Year
even fall/odd spring |
MA395
MA362 |
MA372
MA399
CS142 |
Fourth Year
odd fall/even spring |
MA397
FN340 |
MA398
FN347 |
Suggested Four-Year Schedule - Fall Odd Start
| |
Fall |
Spring |
First Year
odd fall/even spring |
MA106
EC231, optional CS142
MS100 |
MA107
EC232
MS265 |
Second Year
even fall/odd spring |
MA208
MA360
AC203
MA215 |
MA363
MA361
AC204 |
Third Year
odd fall/even spring |
MA395
MA397 |
MA398
CS142 |
Fourth Year
even fall/odd spring |
MA362
FN340 |
MA372
MA399
FN347 |
- MS100 is a 4-week (8-session), 1 credit hour, P/F course. MS100
prerequisite for MS264 and MS265.
- Actuarial Science majors are strongly encouraged to pass the
jointly administered CAS/SOA Exams P (Probability) and FM
(Mathematics of Finance) and obtain a summer internship while still
an undergraduate.
- MA362 Prerequisites: MA361and MA215.
Additional information for Actuarial Science may be obtained at
the following websites:
www.soa.org
www.casact.org
www.beanactuary.org