Program Objectives

The objective of the Minor in Actuarial Studies is 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.

Program Outcomes

Graduates in the Minor in Actuarial Studies will attain the ability 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.

Graduation Requirements

Program Requirements

The following courses totaling 21 credits are required for the Minor in Actuarial Sciences. This Minor can be taken by students of any major.

Mathematics Requirements (6 credits):

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

Business Requirements (6 credits):

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

Actuarial Mathematics Courses (9 credits):

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