{"id":675,"date":"2021-10-06T16:55:00","date_gmt":"2021-10-06T16:55:00","guid":{"rendered":"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/degrees-programs\/actuarial-science\/"},"modified":"2026-03-03T12:28:40","modified_gmt":"2026-03-03T17:28:40","slug":"actuarial-science","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-science\/","title":{"rendered":"Actuarial Science Program"},"content":{"rendered":"<section class=\"wysiwyg wysiwyg-primary-block alignfull\" >\n\t<div class=\"container grid-default wysiwyg__container\">\n\t\t\t\t\t\t<nav class=\"sidebar-menu \" aria-label=\"Site Menu\" id=\"page-nav\">\n\t\t<div class=\"sidebar-menu__wrapper\">\n\t\t\t<header class=\"sidebar-menu__header\">\n\t\t\t\t<span class=\"sidebar-menu__headerLabel\">Mathematical Sciences Menu<\/span>\n\n\t\t\t\t\t\t\t\t<button class=\"sidebar-menu__mobileToggle\" title=\"Toggle Menu\" :aria-expanded=\"mobileOpen\"><\/button>\n\t\t\t\t\t\t\t<\/header>\n\n\t\t\t<ul class=\"sidebar-menu__list\" v-show=\"mobileOpen\">\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/mathematics\/\" class=\"sidebar-menu__listLink\" >Mathematics Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/actuarial-science\/\" class=\"sidebar-menu__listLink\" >Actuarial Science Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/statistics\/\" class=\"sidebar-menu__listLink\" >Statistics Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/data-science\/\" class=\"sidebar-menu__listLink\" target=\"_blank\">Data Science Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/additional-minors\/\" class=\"sidebar-menu__listLink\" >Additional Minors<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/internships\/\" class=\"sidebar-menu__listLink\" target=\"_blank\">Mathematical Sciences Internships<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/faculty-staff\" class=\"sidebar-menu__listLink\" target=\"_blank\">Mathematical Sciences Faculty &#038; Staff<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/student-research\/\" class=\"sidebar-menu__listLink\" >Student Research Opportunities<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/professional-associations\" class=\"sidebar-menu__listLink\" >Professional Associations<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/courses\/\" class=\"sidebar-menu__listLink\" >Course Descriptions &#038; Frequency of Offerings<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"\/arts-sciences\/mathematical-sciences\/tutoring-lab\" class=\"sidebar-menu__listLink\" >Mathematical Sciences Tutoring Lab<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-board-visitors\/\" class=\"sidebar-menu__listLink\" >Actuarial Science Board of Visitors<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/student-awards\/\" class=\"sidebar-menu__listLink\" >Student Awards<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-science\/sliit-program\/\" class=\"sidebar-menu__listLink\" >SLIIT 2+2 Program<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t<button class=\"sidebar-menu__desktopToggle\" v-text=\"desktopLabel\" :aria-expanded=\"desktopOpen\">More Links<\/button>\n\t\t\t<\/nav>\n\t\t\t\t<div class=\"wysiwyg__wrapper wysiwyg__wrapper--hasSidebar\">\n\t\t\t<!-- content from editor -->\n\t\t\t<div class=\"wysiwyg__content wysiwyg__contentContainer\">\n\t\t\t\t<div class=\"acf-innerblocks-container\">\n\n<h1 class=\"wp-block-heading\" id=\"h-actuarial-science-program\">Actuarial Science Program<\/h1>\n\n\n\n<p>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 professional examinations administered by the Casualty Actuary Society and the Society of Actuaries. 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.<\/p>\n\n\n\n<p>Additional information for Actuarial Science may be obtained at the following websites: <a href=\"https:\/\/www.soa.org\/about\/purpose\/\" target=\"_blank\" rel=\"noreferrer noopener\">Society of Actuaries<\/a>,\u00a0<a title=\"Casualty Actuarial Society\" href=\"http:\/\/www.casact.org\/about\/\" target=\"_blank\" rel=\"noopener\">Casualty Actuarial Society<\/a>, and <a title=\"Be An Actuary\" href=\"http:\/\/beanactuary.org\/\" target=\"_blank\" rel=\"noopener\">Be An Actuary<\/a>.<\/p>\n\n\n\n<p>If you would like to see courses offered, please visit&nbsp;the <a href=\"https:\/\/m.butler.edu\/index.php\/app\/catalog\/listCatalog\" rel=\"noopener\" target=\"_blank\" title=\"Course Catalog\">Course Catalog<\/a>. If you&#8217;d like to see how to complete this major in three years, visit the <a href=\"https:\/\/www.butler.edu\/academics\/three-year-programs\/\" rel=\"noopener\" target=\"_blank\">three-year program majors website<\/a> for a recommended degree path.<\/p>\n\n\n\n<section class=\"link-list layout-links\" >\n    <div class=\"link-list__container link-list__grid-default\">\n                        <div class=\"list-list__linkWrapper link-list__grid-default\">\n                                <ul class=\"wysiwyg__ctaLinks\">\n                                                        <li>\n                                    <a href=\"https:\/\/www.butler.edu\/arts-sciences\/math-stats-actuarial\/actuarial\/\" class=\"button-link-right button-link-right--color-blue-bright\" >Prepare yourself for a career in Actuarial Science<\/a>\n                                <\/li>\n                                            <\/ul>\n                                \n                    <\/div>\n    <\/div>\n<\/section>\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"2\">\n\t\t<button id='block_acf-block-69a71a47afc14-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-69a71a47afc14_acc-content-panel'>\n\t\t\t<div id='block_acf-block-69a71a47afc14-acc-title' class='acc-title'>\n\t\t\t\tMajor Requirements\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-69a71a47afc14-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-69a71a47afc14-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-69a71a47afc14-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p>MA 106, 107, 208:&nbsp;Calculus and Analytic Geometry I, II, III<br>MA 310:&nbsp;Linear Algebra<br>MA 360:&nbsp;Probability Theory I<br>MA 361:&nbsp;Statistical Theory<br>MA 362:&nbsp;Linear Regression and&nbsp;Time Series<br>MA 363:&nbsp;Probability Theory II<br>MA 372:&nbsp;Loss Models<br>MA 395:&nbsp;Financial Mathematics<br>MA 397:&nbsp;Actuarial Mathematics I<br>MA 398:&nbsp;Actuarial Mathematics II<br>MA 399:&nbsp;Financial Derivatives <br>*MA 468: Predictive Analytics and Data Mining<br>*For students matriculating Fall 2023 and after<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-recommendation\">Recommendation<\/h3>\n\n\n\n<p>Actuarial Science majors should complete the following business courses: AC 203 (Introduction to Accounting I), MS 100 (Basic Excel Skills for Business Applications), MS 265 (Information Technology), EC 231, 232 (Principles of Micro\/Macroeconomics), FN 340 (Corporation Finance). MA 495 (Mathematics for Investment Portfolios and CS 142 (Introduction to Computer Science and Programming) are 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.<\/p>\n\n\n\n<p>Students will be required to submit to SOA grades of B- or better for FN 340, AC 203, EC 231, EC 232, and MA 361&nbsp;to validate educational experience (VEE) for all of these courses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-first-two-years-starting-in-ma106-calculus-1-or-ma107-calculus-2\">First Two Years\u2014Starting in MA106 Calculus 1 or MA107 Calculus 2<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td><strong>Fall<\/strong><\/td><td><strong>Spring<\/strong><\/td><\/tr><tr><td>First Year<\/td><td>MA 106<br>MA 162<br>MS 100<br>FYS &amp; Foreign Language<br>CS 142 or Core electives<\/td><td>MA 107<br>MA 162<br>EC 231 and\/or AC 203 MS 265<br>FYS &amp; Foreign language<\/td><\/tr><tr><td>Second Year<\/td><td>MA 208<br>MA 360<br>GHS<br>Complete AC 203 &amp; EC 231 (or continue in AC 204, EC 232)<\/td><td>MA 363 \u2013&gt; Exam P<br>MA 361<br>GHS<br>Finish AC 203-204 and EC 231-232<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-first-two-years-starting-in-ma-360-and-ma-107-or-ma-208\">First Two Years\u2014Starting in MA 360 and MA 107 or MA 208<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td><strong>Fall<\/strong><\/td><td><strong>Spring<\/strong><\/td><\/tr><tr><td>First Year<\/td><td>MA 107\/MA 208<br>MA 162<br>MA 360<br>MS 100<br>FYS &amp; Foreign Language<\/td><td>MA 361<br>MA 363 \u2013&gt; Exam P<br>MA 265<br>FYS &amp; Foreign Language<br>Optional: Start EC 231 and\/or AC 203<\/td><\/tr><tr><td>Second Year<\/td><td>MA 208<br>MA 395 \u2013&gt; Exam FM<br>GHS<br>Complete AC 203 &amp; EC 231 (or continue in AC 204, EC 232)<\/td><td>MA 310\/CS 142<br>GHS<br>Complete AC 203-204 and EC 231-232<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-third-and-fourth-years-fall-of-third-year-is-odd-numbered\">Third and Fourth Years\u2014Fall of third year is odd numbered<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td><strong>Fall<\/strong><\/td><td><strong>Spring<\/strong><\/td><\/tr><tr><td>Third Year<br><em>odd fall\/even spring<\/em><\/td><td>MA 395 \u2013&gt; Exam FM<br>MA 397<br>CS 142<br>Apply for summer internships<br>Optional: FN 340, MA 362<\/td><td>MA 398<br>MA 310<br>MA 468<br>Optional: CS 142<\/td><\/tr><tr><td>Fourth Year<br><em>even fall\/odd spring<\/em><\/td><td>MA 362<br>MA 310<br>FN 340<\/td><td>MA 372<br>MA 399<br>Optional: MA 495<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-third-and-fourth-years-fall-of-third-year-is-even-numbered\">Third and Fourth Years\u2014Fall of third year is even numbered<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><\/td><td><strong>Fall<\/strong><\/td><td><strong>Spring<\/strong><\/td><\/tr><tr><td>Third Year<br><em>even fall\/odd spring<\/em><\/td><td>MA 395 \u2013&gt;Exam FM<br>MA 362<br>CS 142<br>Apply for summer internships<br>Optional FN 340<\/td><td>MA 372<br>MA 399<br>CS 142 or MA 310<br>Optional: MA 495<\/td><\/tr><tr><td>Fourth Year<br><em>odd fall\/even spring<\/em><\/td><td>MA 397<br>FN 340<br>MA 310<\/td><td>MA 398<br>MA 468<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-69a71a47afc14-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 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To stop getting this message, press the combination of alt and 2 keys\" title=\"My.Butler\" href=\"https:\/\/my.butler.edu\/\" target=\"_blank\" rel=\"noopener\">my.butler.edu<\/a>\u00a0and speak with their advisor regularly for detailed information regarding their specific degree requirements and their progress toward degree completion. \u00a0<\/em><\/p>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":0,"parent":385,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-675","page","type-page","status-publish","hentry"],"revision_note":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Actuarial Science Program | Butler University<\/title>\n<meta name=\"description\" content=\"Join Butler&#039;s Actuarial Science program today! 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