Changes Occurring in the Major
For students entering in the Fall 2023 semester, LAW 2150 Legal Environment of Business will no longer be required for the major. Furthermore, MAT 3345 Short Term Actuarial Models, has been added to the major requirements. In the schedule below, it is tentatively set to be taught in the Fall semester. The two courses MAT 3340 Actuarial Models and MAT 3345 Short Term Actuarial Models will provide the background material for the new SOA Exam FAM, Fundamentals of Actuarial Mathematics. The two course sequence MAT 3340 Actuarial Models and MAT 4350 Actuarial Models II will provide the background material for the new SOA Exam ALTAM, Advanced Long Term Actuarial Mathematics.
MAT 3250 Fundamentals of Probability will still provide the background material for SOA Exam P and MAT 3330 Finanicial Mathematics will still provide the background material for SOA Exam FM.
The two 1 hour exam preparation courses for Exam P and Exam FM have been modified. The Exam FM course, MAT 3541 Topics in FM (1 hour), has been changed to MAT 3331 Problems in Financial Mathematics (2 hours) and the Exam P course MAT 3532 Topics in P (1 hour), has been changed to MAT 3251 Problems in Probability (2 hours). This will allow the students to have more study time for the first two actuarial exams. These two course have also been added to the Major Electives list.
Course of Study for Students Entering Prior to Fall 2022
The following table shows one sample of how scheduling the required courses for the actuarial science major may look for a student who entered in a semester prior to Fall 2022. This schedule does not show the additional courses required by the university. A student should determine their schedule with the help of their academic advisor.
Fall Freshman Year | Spring Freshman Year |
MAT 1110 Calculus I Law 2150 Legal Environment of Bus | MAT 1120 Calculus II ECON 2030 Pricing Theory‡ |
Fall Sophomore Year | Spring Sophomore Year |
MAT 2130 Multivariable Calculus MAT 3330 Financial Mathematics (F,S) ACC 2100 Principals of Accounting I STT 3850 Data Analysis I | MAT 2240 Linear Algebra ECON 2040 Macroeconomics STT 3851 Data Analysis II |
Fall Junior Year | Spring Junior Year |
FIN 3100 Principals of Risk Manag and Ins FIN 3680 Intro to Finance STT 3250 Fundamentals of Probability(F,S) | FIN 3690 Financial Management FIN 3890 Survey of Investments |
Fall Senior Year | Spring Senior Year |
MAT 3340 Actuarial Models (F) FIN 4770 Derivatives and Fin Risk Major Elective 1 | MAT 4330 Sen Sem in Act Science (S) STT 4880 Mathematical Statisics (S) Major Elective 2 |
MAT 4350 Actuarial Models II - is a continuation of MAT 3340, counts as a major elective.
[*MAT 3541 Topics in FM (1 hr)] - 1 hour problem solving course in financial mathematics, for actuarial exam preparation.
[*MAT 3532 Topics in P (1 hr)] - 1 hour problem solving course in probability, for actuarial exam preparation.