Degree Requirements

Changes Occurring in the Major

For students entering in the Fall 2022 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 YearSpring 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 YearSpring 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 YearSpring 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.

Course of Study for Students Entering Fall 2022

The following table shows one sample of how scheduling the required courses for the actuarial science major may look for a student entering in the Fall 2022 semester and later. 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

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 (F,S)

MAT 2240 Linear Algebra
ECON 2040 Macroeconomics
STT 3851 Data Analysis II (F,S)

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)
MAT 3345 Short term Actuarial Models (F)
FIN 4770 Derivatives and Fin Risk (F,S)

MAT 4330 Sen Sem in Act Science (S)
STT 4880 Mathematical Statistics (S)
Major Elective

  • MAT 4350 Actuarial Models II - is a continuation of MAT 3340, counts as a major elective. MAT 3340, MAT 4350 provides full background for LTAM
  • [*MAT 3331 - Problems in Financial Mathematics (2)] problem solving course in financial mathematics, for actuarial Exam FM preparation.
  • [*MAT 3251 - Problems in Financial Mathematics (2)] problem solving course in probability, for actuarial Exam P preparation.

Major Electives: Choose at least 3 hours from.

  • MAT 2110 - Techniques of Proof (4)
  • Law 2150 – Legal Environment of Business(3)
  • MAT 3130 - Introduction to Differential Equations (3)
  • MAT 3251 - Problems in Probability (2)
  • MAT 3310 - Discrete and Continuous Mathematical Models (3)
  • MAT 3331 - Problems in Financial Mathematics (2)
  • MAT 3350 - Introduction to Mathematical Biology (3)
  • MAT 3220 - Introduction to Real Analysis I (3) [WID]
  • MAT 4340 - Introduction to Operations Research (3)
  • MAT 4350 - Actuarial Models II (3)
  • CS 1440 - Computer Science I (4)
  • STT 4840 - Regression and Time Series Forecasting (3)