Actuarial Science Minor

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Affiliation: School of Sciences & Mathematics

Program Requirements:

The Actuarial Science Minor requires the successful completion of 23-24 credit hours of the following coursework or their equivalents:

BSAD 329 - Principles of Finance Credits: 3 hours
MATH 330 - Mathematics of Finance Credits: 3 hours
STAT 290 - Statistics Credits: 3 hours
STAT 570 - Mathematical Probability and Statistics I Credits: 3 hours
STAT 571 - Mathematical Probability and Statistics II Credits: 3 hours

Choose one of the following:

( ECON 200 - Principles of Macroeconomics Credits: 3 hours
AND ECON 201 - Principles of Microeconomics Credits: 3 hours )
OR ECON 205 - Principles of Economics Credits: 5 hours

Choose one of the following

ECON 373 - Econometrics Credits: 3 hours
STAT 378 - Linear Regression/Time Series Credits: 3 hours

Additional Requirements

While not part of the minor, the requirements for candidates becoming actuaries include completion of the first two Actuarial Exams and completion of the courses that constitute the Validation of Educational Experience. The courses that prepare students for the first two exams are STAT 290, STAT 570, STAT 571, and MATH 330. Students meet the Validation of Educational Experience requirement by taking Society of Actuaries-approved courses in the areas of economics, corporate finance, and applied statistics.