Actuarial Science

As an actuary, you will use mathematics, statistical techniques, finance and economics to determine the likelihood of future events.

Your skills will be highly sought after by:

  • Insurance companies
  • Investment firms
  • Employee benefits consulting firms
  • Financial risk companies

Opportunity to Innovate

The Actuarial Science program prepares you to successfully complete three exams (P, FM and MLC) offered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).

Internship opportunities include companies such as Caterpillar Inc., Aon Hewitt, RLI Corp., Mutual of Omaha, State Farm Insurance and Tower Watson.

You may join Gamma Iota Sigma (the national association for risk management students), Phi Chi Theta (a co-ed business fraternity) and the Financial Management Association (FMA).

Impact the World

A career in Actuarial Science is consistently named one of the “Best Jobs in America” by Jobs Related Almanac. Recent graduates enjoy a 100 percent career outcomes rate and are employed by firms including:

  • KPMG
  • IBM
  • RLI Corp.
  • COUNTRY Financial
  • Pekin Insurance
  • Deloitte

Major Requirements

Required Courses - 30 hrs.

  • MTH 121 Calculus I - 4 hrs.
  • MTH 122 Calculus II - 4 hrs.
  • MTH 223 Calculus III - 4 hrs.
  • MTH 207 Elementary Linear Algebra with Applications - 3 hrs.
  • MTH 325 Probability and Statistics I - 3 hrs.
  • MTH 326 Probability and Statistics II - 3 hrs.
  • MTH 335 Topics in Actuarial Science - 3 hrs.
  • MTH 335 Topics in Actuarial Science (repeated under different topics) - 3 hrs.
  • MTH 427 Applied Statistical Methods - 3 hrs.

Elective Programming Courses (choose one) - 3 or 4 hrs.

  • MIS 175 introduction to Developing Business Applications - 3 hrs.
  • CS 100 Introduction to Programming Concepts and Languages - 3 hrs.
  • CS 101 Introduction to Programming - 4 hrs.
  • CIS 102 Introduction to Computer Information Systems with Basic - 3 hrs.

Elective Tools Courses (choose one) - 3 hrs.

  • QM 326 Business Forecasting - 3 hrs.
  • QM 364 Decision Support Systems - 3 hrs.
  • FIN 426 Financial Research & Modeling - 3 hrs.
  • ECO 319 Introduction to Econometrics - 3 hrs.
  • MTH 435 Stochastic Processes - 3 hrs.
  • IME 313 Operations Research 1 - 3 hrs.

Elective Courses (choose three) - 9 hrs.

  • ECO 301 Money and Banking - 3 hrs.
  • FIN 325 Investment Analysis - 3 hrs.
  • FIN 327 Derivatives - 3 hrs.
  • FIN 328 Financial Institutions and Markets - 3 hrs.
  • FIN 423 Advanced Business Finance - 3 hrs.
  • FIN 425 Portfolio Theory - 3 hrs.
  • ASB 315 Risk and Insurance - 3 hrs.

Additional Requirements

  • All students must sit for at least one professional actuarial exam administered by the Society of Actuaries.