College of Liberal Arts and Sciences
Department of Math & Actuarial Science

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.

Additional information for Actuarial Science may be obtained at the following websites:
www.soa.org
www.casact.org
www.beanactuary.org

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

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.

View Suggested Schedules for Actuarial Science Majors

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