{"id":676,"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-management\/"},"modified":"2025-05-13T09:35:16","modified_gmt":"2025-05-13T13:35:16","slug":"actuarial-science-management","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/arts-sciences\/mathematical-sciences\/actuarial-science-management\/","title":{"rendered":"Actuarial Science &amp; Management 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-amp-management-program\">Actuarial Science &amp; Management Program<\/h1>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>To search for actuarial science&nbsp;courses, 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>.<\/p>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-672243e84c4ae-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-672243e84c4ae_acc-content-panel'>\n\t\t\t<div id='block_acf-block-672243e84c4ae-acc-title' class='acc-title'>\n\t\t\t\tPhase I\u2014The Undergraduate Curriculum\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-672243e84c4ae-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-672243e84c4ae-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-672243e84c4ae-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\" id=\"h-requirements-for-the-major\">Requirements for the Major<\/h4>\n\n\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 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<\/p>\n\n\n\n<p>In addition, the following business courses are required<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>AC 203, 204:\u00a0Introduction to Accounting I, II<\/li>\n\n\n\n<li>MS 265:\u00a0Information Technology (prerequisite: MS 100)<\/li>\n\n\n\n<li>EC 231, 232:\u00a0Principles of Micro\/Macroeconomics<\/li>\n\n\n\n<li>FN 340:\u00a0Corporation Finance<\/li>\n\n\n\n<li>MK 380:\u00a0Introduction to Marketing Management<\/li>\n\n\n\n<li>MG 360:\u00a0Organizational Behavior<\/li>\n<\/ul>\n\n\n\n<p>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.<\/p>\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-672243e84c4ae-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 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-672243e84c4ae-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-672243e84c4ae-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-672243e84c4ae-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-672243e84c4ae-acc-title' );\n\n\t\t\t$( '#block_acf-block-672243e84c4ae-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-672243e84c4ca-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-672243e84c4ca_acc-content-panel'>\n\t\t\t<div id='block_acf-block-672243e84c4ca-acc-title' class='acc-title'>\n\t\t\t\tPhase II\u2014The Graduate Curriculum\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-672243e84c4ca-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-672243e84c4ca-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-672243e84c4ca-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p>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 r\u00e9sum\u00e9.<\/p>\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-672243e84c4ca-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 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-672243e84c4ca-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-672243e84c4ca-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-672243e84c4ca-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/arts-sciences\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-672243e84c4ca-acc-title' );\n\n\t\t\t$( '#block_acf-block-672243e84c4ca-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n<section class=\"wysiwyg wysiwyg-secondary-block alignfull\" >\n\t<div class=\"container grid-default wysiwyg__container\">\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<p>Additional information for Actuarial Science may be obtained at the following websites:<br><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.soa.org\/\">www.soa.org<\/a><br><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.casact.org\/\">www.casact.org<\/a><br><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/beanactuary.org\/\">www.beanactuary.org<\/a><\/p>\n\n\n\n<p><em>NOTE: The information found on this website with respect to major\/minor\/program requirements is primarily directed at providing prospective students a general roadmap of the curriculum.&nbsp; Current Butler students are expected to review their degree audit report at&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/my.butler.edu\/\" rel=\"noopener\" target=\"_blank\" title=\"My.Butler\">my.butler.edu<\/a>&nbsp;and speak with their advisor regularly for detailed information regarding their specific degree requirements and their progress toward degree completion. &nbsp;<\/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-676","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 &amp; Management Program | Butler University<\/title>\n<meta name=\"description\" content=\"Join Butler&#039;s Actuarial Science &amp; Management program today! 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