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Butler University Bulletin

Mathematics, Statistics, and Actuarial Science Requirements

View the Mathematics, Statistics, and Actuarial Science Course Catalog

Requirements for the Mathematics Major

  • MA106, MA107, MA208, Calculus and Analytic Geometry I, II, III
  • MA108, First Year Problem Solving (or MA308, Problem Seminar)
  • MA200, Basics of Advanced Mathematics
  • MA205, Discrete Mathematics
  • MA310, Linear Algebra
  • MA412, Algebra: Groups
  • MA426, Analysis: Theory of Calculus
  • MA330, Complex Analysis
  • Choice of either MA413, Algebra: Rings and Fields, or MA427, Analysis: Lebesgue Integration
  • Three upper-division electives to be chosen from MA301, MA305, courses numbered between MA310 and MA399, or MA473
  • Three additional courses chosen from MA301, MA305, MA473, courses numbered between MA311- MA399, or courses numbered MA413-428

Requirements for the Mathematics Minor

  • MA106, MA107, Calculus and Analytic Geometry I, II
  • MA200, Basics of Advanced Mathematics
  • MA205, Discrete Mathematics
  • Choice of either MA305, Graph Theory, or MA208, Calculus and Analytic Geometry III
  • MA310, Linear Algebra

Requirements for the Actuarial Science Major

  • MA106, MA107, MA208, Calculus and Analytic Geometry I, II, III
  • MA310, Linear Algebra
  • MA360, Probability Theory I
  • MA361, Statistical Theory
  • MA362, Linear Regression and Time Series
  • MA363, Probability Theory II
  • MA372, Loss Models
  • MA395, Financial Mathematics
  • MA397, Actuarial Mathematics I
  • MA398, Actuarial Mathematics II
  • MA399, Financial Derivatives

Requirements for the Actuarial Science Minor

  • MA106, MA107, 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

Requirements for the Actuarial Science/Management Program

The insurance and financial service industries have a strong need for management prospects who combine analytic and technical skills (related to the department’s actuarial science curriculum) with the leadership capabilities, people skills, and understanding of business practices (which come from advanced education in management). The actuarial science/management program gives its enrolled students capability in this blend of skills and training.

Our graduates are able to command excellent entry-level positions and are strong candidates for fast advancement to upper-level management positions. The actuarial science/management program includes an undergraduate major in actuarial science with a strong component of business theory, followed by a 33-hour MBA program. Enrolled students may choose their graduate courses to gain a concentration in either organizational leadership or finance.

Phase I—Undergraduate Curriculum Requirements for the Major

  • MA107, MA208, Calculus and Analytic Geometry I, II, III
  • MA310, Linear Algebra
  • MA360, Probability Theory I
  • MA361, Statistical Theory
  • MA362, Linear Regression and Time Series
  • 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 recommended:

  • AC203, AC204, Introduction to Accounting I, II
  • MS265, Information Technology (prerequisite: MS100)
  • EC231, EC232, Principles of Micro/Macroeconomics
  • FN340, Corporate Finance
  • MK380, Introduction to Marketing Management
  • MG360, Organizational Behavior

A student must achieve a minimum grade of B in a given business course to waive the comparable prerequisite (400-level) course in the MBA program.

Phase II—Graduate Curriculum

Upon successful completion of Phase I, and after meeting the MBA program admission requirements, students can complete the Lacy School 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: students must obtain an appropriate score on the GMAT test; and students must submit to the graduate admission office a graduate admission application, two letters of recommendation, an official transcript, and a résumé.

Requirements for the Statistics Major

Lower-Level Requirements

  • MA162, Elementary Statistics
  • MA106, Calculus and Analytic Geometry I
  • MA107, Calculus and Analytic Geometry II
  • CS142, Introduction to Computer Science and Programming
  • MA310, Linear Algebra

Upper-Level Requirements

  • MA360, Probability Theory I
  • MA361, Statistical Theory
  • MA362, Linear Regression and Time Series
  • MA364, Design of Experiments
  • MA369, Multivariate Statistical Methods
  • MA467, Nonparametric Statistical Methods
  • MA468, Predictive Analytics and Data Mining
  • MA469, Advanced Statistical Computing
  • Plus one of the following:
    • ID390, MA492, MA413

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. Current Butler students are expected to review their degree audit report at my.butler.edu and speak with their advisor regularly for detailed information regarding their specific degree requirements and their progress toward degree completion.