Academic Catalog 2019–2020

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Minor in Actuarial Science

Program Objectives

The Minor in Actuarial Science 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 Science, 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.


For a Minor in Actuarial Science, a total of 18 credits are required to graduate, distributed as follows:

  • Mathematics Requirements (6 credits)
  • Business Requirements (6 credits)
  • Actuarial Mathematics Courses (6 credits)

Mathematics Requirements (6 credits)

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

Business Requirements (6 credits)

Actuarial Mathematics Courses (6 credits)

  • MTH402 Theory of Interest (3 cr.)1
  • MTH407 Actuarial Mathematics (3 cr.)

1 or FIN301 Managerial Finance (3 cr.)