Specializations
What are the odds that an earthquake will cause catastrophic damage in a particular area? How should an insurance company determine how much to charge for life insurance? Actuarial science is a focused discipline that uses mathematical and statistical models to assess the financial, economic and business implications of future events.
According to the Society of Actuaries, an actuary combines the skills of a business executive, mathematician, and financial and investment manager. Actuarial science is an ideal concentration for students interested in careers that deal with studying risks related to economics, finance and social issues.
Sample Curriculum for the Bachelor of Science in Mathematical Studies, Specialization in Actuarial Science
Year 1 (Fall Semester)
(5) MATH 150 Calculus I (FQR)
(3) ECON 111 Principles of Macroeconomics (BSS)
(3) ENG 101 English Composition I
(3) RA 101 Reasoning and Argumentation
(1) FST 101 Succeeding & Engaging at SIUE
15 - Total Credits
Year 1 (Spring Semester)
(5) MATH 152 Calculus II (BPS)
(3) CS 145 Introduction to Computing I
(3) ECON 112 Principles of Microeconomics (BSS)
(3) ACS 101 Public Speaking
(3) ENG 102 English Composition II
17 - Total Credits
Year 2 (Fall Semester)
(4) MATH 250 Calculus III (BPS)
(4) MATH 223 Logic and Mathematical Reasoning
(4) PHYS 151 University Physics I (BPS)
(1) PHYS 151L University Physics I Lab (EL)
(3) ACCT 200 Fundamentals of Financial Accounting
16 - Total Credits
Year 2 (Spring Semester)
(3) MATH 305 Differential Equations
(3) MATH 321 Linear Algebra I
(4) MATH 350 Introduction to Analysis
(3) ACCT 210 Managerial Accounting
(3) Breadth Humanities (BHUM)/Experience Global Cultures (EGC)
16 - Total Credits
Year 3 (Fall Semester)
(3) MATH 340 Theory of Interest
(3) STAT 480A Introduction to Mathematical Statistics
(3) MATH 465 Numerical Analysis
(3) FIN 320 Finance Management and Decision Making
(3) Breadth Life Science (BLS)
15 - Total Credits
Year 3 (Spring Semester)
(3) STAT 480B Introduction to Mathematical Statistics
(3) STAT 486A Actuarial Mathematics
(3) Finance Elective
(3) OR 441 Stochastic Models
(3) Interdisciplinary Studies (IS)/Experience US Cultures (EUSC)
15 - Total Credits
Year 4 (Fall Semester)
(3) MATH, STAT or OR Elective
(2) MATH 498 Senior Seminar
(3) FIN 420 Problems in Corporate Finance
(3) Life, Physical or Social Science with a lab (EL)
(3) STAT 482 Regression Analysis
14 - Total Credits
Year 4 (Spring Semester)
(3) Breadth Fine & Performing Arts (BFPA)
(3) MATH, STAT or OR Elective
(2) MATH 499 Senior Project
(1) Health Experience (EH)
(3) Breadth Information & Communication in Society (BICS)
12 - Total Credits
Total Hours 120
Transfer Students: To maximize your transfer experience, complete the bold course requirements pre-transfer and satisfy either the Illinois Articulation Initiative (IAI) General Ed Core or receive an AA, AS or AAT (early childhood, special ed or math) degree from an IAI community college. If minor requirements are shown, discuss careful course selection with the academic advising contact listed. Visit the transfer credit website to find course equivalency guides.
