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