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) Breadth Humanities (BHUM)/Experience Global Cultures (EGC)
(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)
(3) MATH 165 Introduction to Programming and Problem Solving
(4) MATH 250 Calculus III (BPS)
(3) MATH 340 Theory of Interest
(4) PHYS 151 University Physics I (BPS)
(1) PHYS 151L University Physics I Lab (EL)
15 - Total Credits
Year 2 (Spring Semester)
(4) MATH 223 Logic and Mathematical Reasoning
(3) MATH 305 Differential Equations
(3) STAT 380 Statistics for Applications (BICS, EL)
(3) ACCT 200 Fundamentals of Financial Accounting
(3) Breadth Fine & Performing Arts (BFPA)
16 - Total Credits
Year 3 (Fall Semester)
(3) MATH 321 Linear Algebra I
(3) STAT 480A Introduction to Mathematical Statistics
(3) FIN 320 Finance Management and Decision Making
(4) MATH 350 Introduction to Analysis
(3) Health Experience (EH)
16 - Total Credits
Year 3 (Spring Semester)
(3) STAT 480B Introduction to Mathematical Statistics
(3) STAT 486A Actuarial Mathematics
(3) Breadth Life Science (BLS)
(3) CMIS or FIN Elective
(3) Interdisciplinary Studies (IS)/Experience US Cultures (EUSC)
15 - Total Credits
Year 4 (Fall Semester)
(3) STAT or OR Elective
(2) MATH 498 Senior Seminar
(3) CMIS or FIN Elective
(3) STAT 482 Regression Analysis
(3) Elective
14 - Total Credits
Year 4 (Spring Semester)
(3) CMIS or FIN Elective
(3) STAT or OR Elective
(2) MATH 499 Senior Project
(4) Elective
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.
