Academic Programs Catalog

College of Natural Science

Department of Statistics and Probability

Undergraduate Programs
Quantitative Risk Analytics

The Bachelor of Science degree in Quantitative Risk Analytics provides students the quantitative skills necessary for employment in the insurance and risk industry, including a mathematical treatment of probability and statistics, interest-rate theory and financial mathematics, predictive analytics and other data science tools, and insurance operations.

Admission

To be considered for admission to the major, the student must have:

  1. a cumulative grade-point average of at least 3.0 in all courses taken at MSU.
  2. a minimum grade-point average of 3.0 in MTH 132, MTH 133, and MTH 234 or equivalent courses.
  3. a minimum average of 3.0 in the grades in MTH 360 and STT 441.
Students who declare the major in quantitative risk analytics are automatically reviewed at the end of every semester and are either admitted or informed of their progress. Students must be admitted to a degree-granting college at the time they have completed 56 credits. Those who do not meet the criteria may consider a major in either Mathematics or in Statistics and Probability.

Requirements for the Bachelor of Science Degree in Quantitative Risk Analytics
  1. The University requirements for bachelor's degrees as described in the Undergraduate Education section of this catalog; 120 credits, including general elective credits, are required for the Bachelor of Science degree in Quantitative Risk Analytics.

    The University's Tier II writing requirement for the Quantitative Risk Analytics major is met by completing Statistics and Probability 467.  That course is referenced in item 3. below. 

    Students who are enrolled in the College of Natural Science may complete the alternative track to Integrative Studies in Biological and Physical Sciences that is described in item 1. under the heading Graduation Requirements in the College statement.  Certain courses referenced in requirement 3. below may be used to satisfy the alternative track.
  2. The requirements of the College of Natural Science for the Bachelor of Science degree. The credits earned in certain courses referenced in requirement 3. below may be counted toward College requirements as appropriate.
  3. The following requirements for the major:
    a. One course of at least 3 credits in biological science, entomology, microbiology, physiology, plant biology, or integrative biology as approved by the student’s academic advisor.
    b. One of the following groups of courses (8 to 10 credits):
    (1) CEM  141 General Chemistry  4
    CEM 142 General and Inorganic Chemistry 3
    CEM  161 Chemistry Laboratory I  1
    (2) CEM 151 General and Descriptive Chemistry 4
    CEM 152 Principles of Chemistry 3
    CEM 161 Chemistry Laboratory I 1
    (3) CEM 181H Honors Chemistry I 4
    CEM 182H Honors Chemistry II 4
    CEM 185H Honors Chemistry Laboratory I 2
    (4) LB 171 Principles of Chemistry I 4
    LB 171L Introductory Chemistry Laboratory I 1
    LB 172 Principles of Chemistry II 3
    c. One of the following croups of courses (8 credits):
    (1) PHY 183 Physics for Scientists and Engineers I 4
    PHY 184 Physics for Scientists and Engineers II 4
    (2) PHY 193H Honors Physics I – Mechanics 4
    PHY 294H Honors Physics II – Electromagnetism 4
    (3) LB 273 Physics I 4
    LB 274 Physics II 4
    d. One of the following groups of courses (11 or 12 credits):
    (1) MTH  132 Calculus I  3
    MTH 133 Calculus II 4
    MTH 234 Multivariable Calculus 4
    (2) LB 118 Calculus I 4
    LB 119 Calculus II 4
    LB 220 Calculus III 4
    (3) MTH 152H Honors Calculus I 3
    MTH 153H Honors Calculus II 4
    MTH 254H Honors Multivariable Calculus 4
    e. One of the following courses (3 credits):
    MTH 235 Differential Equations 3
    MTH 340 Ordinary Differential Equations I 3
    MTH 347H Honors Ordinary Differential Equations 3
    f. One of the following groups of courses (4 to 7 credits):
    (1) MTH 299 Transitions 4
    MTH 309 Linear Algebra I 3
    (2) MTH 317H Honors Linear Algebra 4
    g. All of the following courses (15 credits):
    MTH 360 Theory of Mathematical Interest 3
    MTH 361 Financial Mathematics for Actuaries I 3
    MTH 457 Introduction to Financial Mathematics 3
    STT 441 Probability and Statistics I: Probability 3
    STT 442 Probability and Statistics II: Statistics 3
    h. Both of the following courses (6 credits):
    MTH 468 Predictive Analytics 3
    STT 467 Insurance Operations 3
    i. All of the following courses (19 credits):
    ACC 230 Survey of Accounting Concepts 3
    CSE 231 Introduction to Programming I 4
    EC 201 Introduction to Microeconomics 3
    EC 202 Introduction to Macroeconomics 3
    FI 311 Financial Management 3
    FI 321 Theory of Investments 3