Bachelor of Actuarial Science

High school diploma or equivalent, acceptable grade average, English proficiency test, aptitude test according to specialization

Core Curriculum (34 credits)
The remaining 6 credit hours required to satisfy the core are fulfilled by the concentration Science (3 crs) and the MACT 495/4980 – Senior Thesis (3 cr.) or MACT 497/4950 – Practical Internship (3 cr.)

Actuarial Science students must take 1 credit hour of Natural Science lab.

Concentration Requirements (60 credits)
MACT 131/1121 – Calculus I (3cr.)
MACT 132/1122 – Calculus II (3 cr.)
MACT 210/2222 – Statistics for Business (3 cr.)
MACT 231/2123 – Calculus III (3 cr.)
MACT 233/2141 – Differential Equations (3 cr.)
MACT 240/2132 – Linear Algebra (3 cr.)
MACT 306/3211 – Applied Probability (3 cr.)
MACT 307/3223 – Statistical Inference (3 cr.)
MACT 321/3311 – Introduction to Financial Mathematics (3 cr.)
MACT 406/4212 – Stochastic Processes (3 cr.)
MACT 407/4331 – Short Term Actuarial Mathematics I (3cr.)
MACT 408/4332 – Short Term Actuarial Mathematics II (3 cr.)
MACT 421/4312 – Mathematics of Derivatives Pricing I (3 cr.)
MACT 422/4313 – Mathematics of Derivatives Pricing II (3 cr.)
MACT 000/4314 – Financial Modeling (3 cr.)
MACT 423/4321 – Long-Term Actuarial Mathematics I (3 cr.)
MACT 424/4322 – Long-Term Actuarial Mathematics II (3 cr.)
MACT 427/4231 – Applied Regression Methods (3 cr.)
MACT 428/4232 – Analysis of Time Series Data (3 cr.)
MACT 429/4233 – Applied Multivariate Analysis (3 cr.)
Collateral Requirements (24 credits)
ACCT 201/2001 – Financial Accounting (3 cr.)
CSCE 106/1001 – Fundamentals of Computing I (3 cr.)
ECON 201/2021 – Introduction to Macroeconomics (3 cr.)
ECON 202/2011 – Introduction to Microeconomics (3 cr.)
ECON 301/3021 – Intermediate Macroeconomic Theory (3 cr.)
ECON 302/3011 – Intermediate Microeconomic Theory (3 cr.)
FINC 303/2101 – Business Finance I (3 cr.)
FINC 404/3201 – Investment Analysis (3 cr.)
Culminating Project/Experience (3 cr.)
MACT 497/4950 – Practical Internship (3 cr.)

or

MACT 495/4980 – Senior Thesis (3 cr.)

Actuarial Science Electives (9 credits)
Students choose courses from the following list in consultation with their adviser:

ACCT 202/2002 – Managerial Accounting (3 cr.)
BADM 203/2001 – Introduction to Business (3 cr.)
CSCE 110/1101 – Fundamentals of Computing II (3 cr.)
CSCE 253/2501 – Fundamentals of Database Systems (3 cr.)
CSCE 453/4501 – Database Systems (3 cr.)
ECON 303/3041 – Monetary Economics (3 cr.)
ECON 318/3081 – Introduction to Econometrics (3 cr.)
ECON 403/4031 – International Trade (3 cr.)
FINC 405/3401 – Applied Banking (3 cr.) *
FINC 408/3501 – International Finance (3 cr.)
FINC 414/4301 – Corporate Finance (3 cr.) *
FINC 415/4204 – Portfolio Theory and its Applications (3 cr.)
MACT 304/3143 – Numerical Methods (3 cr.)
MACT 410/4910 – Guided Studies in Mathematics (1-3 cr.)
MACT 409/4930 – Selected Topics in Mathematics (3 cr.)
MACT 411/4931 – Selected Topics in Actuarial Science (3 cr.)
MACT 497/4950 – Practical Internship (3 cr.)
MACT 495/4980 – Senior Thesis (3 cr.)
MACT 000/4990 – Enterprise Risk Management (3 cr.)
MGMT 307/3201 – Management Fundamentals (3 cr.)
MGMT 404/4202 – Managing the Human Capital (3 cr.)
MKTG 302/2101 – Principles of Marketing (3 cr.)
MKTG 405/3201 – Marketing Research (3 cr.)
MOIS 305/2101 – Introduction to Information Systems/Technology (3 cr.)
MOIS 406/3201 – Management Information Systems and Database Management (3 cr.)
MOIS 432/3601 – Decision Support Systems and Business Intelligence (3 cr.)
* Courses highly recommended as electives for students who wish to pursue a career in banking (commercial or investment)