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Math and Actuarial Science Background
Mathematics, Statistics & 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.

To search for actuarial science courses, please visit the Course Catalog.

Phase I—the undergraduate curriculum

Requirements for the Major

MA 106, 107, 208: Calculus and Analytic Geometry I, II, III
MA 310: Linear Algebra
MA 360: Probability Theory I
MA 361: Statistical Theory
MA 362: Linear Regression and Time Series
MA 363: Probability Theory II
MA 372: Loss Models
MA 395: Financial Mathematics
MA 397: Actuarial Mathematics I
MA 398: Actuarial Mathematics II
MA 399: Financial Derivatives

In addition, the following business courses are required

  • AC 203, 204: Introduction to Accounting I, II
  • MS 265: Information Technology (prerequisite: MS 100)
  • EC 231, 232: Principles of Micro/Macroeconomics
  • FN 340: Corporation Finance
  • MK 380: Introduction to Marketing Management
  • MG 360: 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:

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 and speak with their advisor regularly for detailed information regarding their specific degree requirements and their progress toward degree completion.