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

Actuarial Science/Management Program

The insurance and financial service industries see a strong need for management prospects who combine the analytical and technical skill related to the actuarial science training with the leadership capabilities, people skills and understanding of business which come from good management education. Individuals with this blend of skills and training should be able to command excellent entry-level positions and be strong candidates for advancement to management positions. This program includes an undergraduate major in actuarial science and a component of business theory followed by a 33 hour MBA program, most likely with a concentration in either organizational leadership or finance.

Phase I—The undergraduate curriculum

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

In addition, the following business courses are required
AC203, 204, Introduction to Accounting I, II
MS265, Information Technology (prerequisite: MS100)
EC231, 232, Principles of Micro/Macroeconomics
FN340, Corporation Finance
MK380, Introduction to Marketing Management
MG360, Organizational Behavior
A student must achieve a minimum of B in a given business course to waive the comparable prerequisite (400 level) course in the MBA program.

Phase II—The graduate curriculum

Upon successful completion of Phase I, and meeting the MBA program admission requirements students can complete the College of Business MBA program with a minimum of 33 hours of MBA course work (500 level). To qualify for full admission into the MBA Program the following requirements must be satisfied: (1) Students must obtain an appropriate score on the GMAT Test, and (2) Students must submit to the Graduate Admission Office a graduation admission application, two letters of recommendation, an official transcript and a résumé.

Additional information for Actuarial Science may be obtained at the following websites: