Program Objectives

The Minor in Actuarial Studies seeks to provide students with the knowledge to work in the general area of actuarial science, mainly life and health insurance, pension funds, and financial security.

Learning Outcomes

Upon completion of the Minor in Actuarial Studies, students should be able to

1. understand basic actuarial problems,
2. model basic actuarial problems using mathematical, probabilistic and statistical methods, and
3. solve actuarial problems by applying actuarial mathematics in life contingencies and to apply the concepts of actuarial science in solving problems related to financial security.

Curriculum

For a Minor in Actuarial Studies, a total of 21 credits are required to graduate, as per the following:

• Mathematics Requirements (6 cr)
• Business Requirements (6 cr)
• Actuarial Mathematics Courses (9 cr)

Mathematics Requirements (6 cr)

• MTH201 Calculus III (3 cr)
• MTH305 Probability and Statistics (3 cr)

Business Requirements (6 cr)

• ECO201 Microeconomics (3 cr)
• ECO202 Macroeconomics (3 cr)

Actuarial Mathematics Courses (9 cr)

• MTH402 Theory of Interest (3 cr)
• MTH406 Life Contingencies I (3 cr)
• MTH408 Life Contingencies II (3 cr)