MSCS Undergraduate Studies
Preparation
for a career as an Actuary
Actuarial
Science involves the application of probability, statistics, and mathematics to
insurance, pensions, and risk management and evaluation. The professional path to
becoming an actuary involves passing a series of exams administered by the
Society of Actuaries (www.soa.org) and the
Casualty Actuarial Society (www.casact.org).
The two societies work together for several of the early examinations and
maintain a useful informational site www.BeAnActuary.com.
Preparing to become an actuary does not require a major in actuarial science,
but does require adequate preparation for beginning the examination process.
The
Department has prepared this Program of Study to prepare a student for the
first exams and receive VEE (Validation by Educational Experience) for three
areas of competence required as part of the process. One satisfies this
requirement by taking specific courses while an undergraduate. In July of 2018,
the three areas for VEE will change to Accounting & Finance, Economics, and
Mathematical Statistics. Below are the recommended courses to satisfy this
requirement. A student may complete these requirements by way of a Mathematics
or Computational Mathematics major with a Business minor, an Interdisciplinary
major in Applied Mathematical Economics, an Economics major, or any Business
major.
Recommended
Undergraduate Program of Study
ACCO
1030, ACCO 1031 (Financial and Managerial Accounting) and FINA 3001 (Financial
Management) – VEE Accounting & Finance
ECON
1003, ECON 1004 (Micro and Macro Economics) -- VEE Economics
MATH
1450, MATH 1451, MATH 2450 (Calculus I, II, and III) - prerequisites
MATH
4700 (Probability) -- Test P
MATH
4710 -- VEE Mathematical Statistics
Internships
are strongly recommended. In this area consider