Undergraduate Degree - Actuarial Science

Program:
Actuarial Science
Program Code:
7105 Actuarial Science
Program Level:
Undergraduate
Award Type:
Bachelor of Science
Start Term:
FS11
College:
Department:
Department of Mathematics
Relevant Excerpt(s) from Academic Programs:


Excerpt from the official Academic Programs Catalog:

Listed below are the approved requirements for the program from the official Academic Programs Catalog.
Students must consult their advisors to learn which specific requirements apply to their degree programs.
Following this section are the requirements as represented in Degree Navigator, MSU's online advising tool. The Degree Navigator section is only available for programs using Degree Navigator for degree certification.

College of Natural Science

Department of Mathematics

Undergraduate Programs
Actuarial Science

Admission to the Major

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

Additional criteria for admission includes the following:

  1. Passing a Society of Actuaries exam in one of the following ways:
    1. Passing the Society of Actuaries Exam P (Probability), or the Casualty Actuary Society Exam 1 (Probability) before August of the year of admission into the degree program.
    2. Passing the Society of Actuaries Exam FM (Financial Mathematics), or the Casualty Actuary Society Exam 2 (Financial Mathematics) before August of the year of admission into the degree program.
  2. Passing an MSU screening which involves satisfactory performance in an interview with the Director of the Actuarial Science Program or their delegate.

 Students wishing to major in actuarial science need to make a request to the Actuarial Science program director or delegate when they are eligible and ready to be considered for the major. The Actuarial Science program director approves acceptance into the major. The Director of the Actuarial Science program, or their delegate, could admit students into the program who do not satisfy both of these criteria under exceptional circumstances. A student denied access to the actuarial science major could become an actuary by successfully taking Actuarial Science Exams.

Students who declare the major in actuarial science 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, Quantitative Risk Analytics, or in Statistics and Probability.

Requirements for the Bachelor of Science Degree in Actuarial Science

  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 Actuarial Science.

    The University’s Tier II writing requirement for the Actuarial Science major is met by completing Mathematics 309 or 496.  Those courses are 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.
b. One of the following groups of courses (8 or 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 groups 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 (6 to 8 credits):
(1) MTH 132 Calculus I 3
MTH 133 Calculus II 4
(2) LB 118 Calculus I 4
LB 119 Calculus II 4
(3) MTH 152H Honors Calculus I 3
MTH 153H Honors Calculus II 4
e. One of the following courses (4 credits):
LB 220 Calculus III 4
MTH 234 Multivariable Calculus 4
MTH 254H Honors Multivariable Calculus 4
f. One of the following courses (3 credits):
MTH 235 Differential Equations 3
MTH 340 Ordinary Differential Equations I 3
g. One of the following courses (1 credit):
MTH 490 Directed Studies 1
MTH 491B Teamwork Experience 1
h. All of the following courses ( 24 credits):
MTH 309 Linear Algebra I 3
MTH 360 Theory of Mathematical Interest 3
MTH 361 Financial Mathematics for Actuaries I 3
MTH 458 Financial Mathematics for Actuaries II 3
STT 441 Probability and Statistics I: Probability 3
STT 455 Actuarial Models I 3
STT 456 Actuarial Models II 3
STT 459 Construction and Evaluation of Actuarial Models 3
i. One of the following courses (3 credits):
MTH 457 Introduction to Financial Mathematics 3
STT 442 Probability and Statistics II: Statistics 3
j. One of the following courses (3 credits):
MTH 491A Actuarial Internship 3
MTH 496 Capstone in Mathematics (W) 3
k. 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