Core Courses

Bachelor of Science in Actuarial Science

(2016-2018 catalog)


Beginning in 2016, the minimum graduation requirements for our degree include: 120 credit hours; 11 upper-division three credit mathematics classes and FIN357 (Corporate Finance);  all courses must be completed with a grade of C- or better; and at least one Independent Inquiry Flag must be earned.  Classes marked with (*) cover content of a professional actuarial examination.

Specific Requirements:

Lower Division Requirements:

A Three Semester Calculus
Sequence (M408N/M408S/M408M or M408C/M408D/M427L or some similar sequence) - multiple sections are offered each fall, spring and summer semester.

Elements of Computers and Programming (CS303E).

Foundations of Accounting
(ACC310F).  Students can substitute both ACC311 and ACC312 for this ACC310F requirement. 

Introduction to Microeconomics (ECO304K).
Introduction to Macroeconomics (ECO304L).  Society of Actuary (SOA) validation by educational experience (VEE) credit for Economics is earned with grades of B- or better in both ECO304K and ECO304L.


Upper Division Requirements
:

Corporate Finance (FIN357).  SOA VEE credit for Corporate Finance is earned with a grade of at least B-.

Discrete Mathematics (M325K).  This is our "proof-based" mathematics requirement and other proof-based courses like Introduction to Number Theory (M328K) can be substituted.

Linear Algebra (M341) - multiple sections are offered each fall, spring and summer semester.  Prerequisite: M408S, M408L or M408D.  M340L may be substituted if required for another degree or if completed prior to pursuing our BS degree.

*Probability I (M362K) - multiple sections are offered each fall, spring and summer semester.  This course covers most of the content for SOA Exam P.  Prerequisite is second semester calculus: M408S, M408L or M408D.  

*Theory of Interest (M329F) {M389F is the graduate version that meets with M329F} - multiple sections are offered each fall and spring semester, and occasionally in the summer.
This course covers the content for SOA Exam FM (2016 syllabus).  Prerequisite is second semester calculus: M408S, M408L or M408D.  This course was formerly ACF329. 

Statistics (Applied Statistics M358K or Introduction to mathematical statistics M378K) - multiple sections are offered each fall, spring and summer semester.  Prerequisite: M362K.

*Introduction to Financial Mathematics for Actuaries (M339D) {M389D} is offered each fall and spring semester.  Prerequisite: M329D.  Together with M339W, these courses cover the content of SOA Exam MFE.

*Probability Models with Actuarial Applications
(M339J) {M 389J} - offered each fall and spring semester.  Prerequisites: M362K and M358K (or M 378K).

*Actuarial Contingent Payments I (M339U) {M 389U} - offered each fall and spring semester.  Prerequisites: M362K and (or current registration) in both M329F and M341 (or M 340L).  We fervently recommend that students master all of the material in both M362K and M329F prior to enrolling in M339U.

Actuarial Depth Requirements: At least two of the following three courses:

*Actuarial Contingent Payments II (M 339V) {M 389V} - offered in the spring semester only.  M339U and M339V cover all the content for the SOA MLC Exam.  Prerequisites: M339U and M329F.
 
*Financial Mathematics for Actuarial Applications (M 339W) {M 389W} - offered each fall and spring semester.  M339D and M339W cover all of the content for SOA Exam MFE.  Prerequisite: M339D.
 
*Actuarial Statistical Estimates (M 349P) {M 389P} - offered in the fall semester only.  M339J and M349P cover all the learning objectives for SOA Exam C.  Prerequisite: M339J and M341 (or M340L).


At least one of the Following Additional Required Actuarial Courses:

M339V, M339W, or M349P if not used to fulfill the depth requirements above.

Applied Regression and Time Series (M349R) - offered each fall and spring semester.  A grade of B- or higher will fulfill the SOA VEE requirement in regression and time series.  Prerequisite: Statistics (M358K or M 378K) and actuarial background (M339U or M339J) or the consent of the director of actuarial studies.

Actuarial Case Studies (M339C) {M389C} - offered fall semester only.

Introduction to Mathematical Statistics (M378K).  Students pursuing a Casualty Actuarial Society (CAS) credential are encouraged to take both M358K and M378K.
 

Recommended Non-Required Coursework
Computer Programming (Learn EXCEL)
Generalized Linear Models
Business Foundations Coursework (FIN320F, BA320F, IB320F, LEB320F, MAN320F and/or MKT320F).
Communications Coursework
ECO420K
FIN367
MIS325
RM357E
M348, Numerical Analysis I
M362M, Introduction to Stochastic Processes


Actuarial students whose major is not mathematics or in the business school need to petition the Red McCombs School of Business to enroll in restricted business major classes, including ACC311, ACC312, and FIN357.  Students who are working towards a BS in mathematics with the actuarial option have special permission to register in those classes.