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


Degree Requirements from Degree Navigator.

NOTE: Degree Navigator is an advising tool only and should not be viewed as a contract with the student. Any questions about the requirements should be directed to an academic advisor.


Actuarial Science, BS (7105)

Required Credits: 120    Program Version: FS19

Requirement 1: University Tier I Writing
University Tier I Writing: 1 course from WRA101, WRA195H, LB133, MC111, MC112, RCAH111

Requirement 2: University Mathematics
University Mathematics: The required number of courses from 1 of the following sets of courses
MTH2: 1 course
At least 1 course from LB117, MTH116, MTHRQMT, MTHWAIV1, MTHWAIV2, Mathematics Pre-Matriculation, Mathematics Post-Matriculation
MTH1: 2 courses
At least 1 course from MTH103, MTH103WAIV
At least 1 course from MTH114, MTH124, MTH132, MTH152H, MTH201, STT200, STT201
MTH4: 2 courses
At least 1 course from MTH101, MTH102
At least 1 course from STT200, STT201
MTH3: 2 courses
At least 2 courses from MTH101, MTH102, MTH103, MTH103WAIV
MTH5: 3 courses
At least 2 courses from MTH103A, MTH103B
At least 1 course from MTH101, MTH102, MTH114, MTH124, MTH132, MTH152H, MTH201, STT200, STT201

Requirement 3: University IAH201 - IAH210
University IAH201 - IAH210: 4 credits from IAH201, IAH202, IAH203, IAH204, IAH205, IAH206, IAH207, IAH208, IAH209, IAH210, RCAH201, ANY IAH BELOW 211

Requirement 4: University IAH211 or higher
University IAH211 or higher: 4 credits from IAH211A, IAH211B, IAH211C, IAH211D, IAH221A, IAH221B, IAH221C, IAH231A, IAH231B, IAH231C, IAH241A, IAH241B, IAH241C, IAH241D, IAH241E, IAH241F, IAH241G, RCAH202, TRANSFER IAH, ANY IAH211 OR HIGHER, approved LB courses

Requirement 5: University ISS200 Series
University ISS200 Series: 4 credits from ISS210, ISS215, ISS220, ISS225, ISS230, ISS235, MC201, TRANSFER ISS 200 LEVEL, ANY ISS 200 LEVEL

Requirement 6: University ISS300 Series
University ISS300 Series: 4 credits from ISS305, ISS308, ISS310, ISS315, ISS318, ISS320, ISS325, ISS327, ISS328, ISS330A, ISS330B, ISS330C, ISS335, ISS336, MC202, ANY ISS 300 LEVEL, approved LB courses

Requirement 7: University ISB
University ISB: 3 credits from ISB200, ISB201, ISB202, ISB204, TRANSFER ISB, ISB ALTERNATIVE TRACK, ANY 3 CREDIT ISB COURSE

Requirement 8: University ISP
University ISP: 3 credits from ISP203A, ISP203B, ISP205, ISP207, ISP209, ISP213H, ISP215, ISP217, ISP220, ISP221, TRANSFER ISP, ISP ALTERNATIVE TRACK, ANY 3 CREDIT ISP COURSE

Requirement 9: University Laboratory Experience
University Laboratory Experience: The required number of credits from 1 of the following sets of courses
Univ Lab: 2 credits
At least 2 credits from ISB201L, ISB208L, ISP203L, ISP205L, ISP207L, ISP209L, ISP217L, ANY 2 CREDIT ISB/ISP LAB, LAB EXPERIENCE ALTERNATIVE TRACK, TRANSFER LAB
Alternative: 2 credits
At least 1 credit from ISB201L, ISB208L, ISP203L, ISP205L, ISP207L, ISP209L, ISP217L, ANY 2 CREDIT ISB/ISP LAB, LAB EXPERIENCE ALTERNATIVE TRACK, TRANSFER LAB
At least 1 credit from an Alternative Track Lab credit

Requirement 10: University Diversity Distribution
University Diversity Distribution: A total 2 courses
At least 1 course from NationalIAH or ISS courses emphasizing national diversity or both national diversity and international and multicultural diversity
At least 1 course from InternationalIAH or ISS courses emphasizing international and multicultural diversity or both national diversity and international and multicultural diversity
Conditions:
University Diversity Distribution: No more than 1 course from IAH or ISS emphasizing both national diversity and international and multicultural diversity in Requirement(s) 10

Requirement 11: Major - Actuarial Science - Science
Major - Actuarial Science - Science: 3 credits from courses in biological science, entomology, microbiology, physiology, plant biology, or integrative biology. At least 2 credits in laboratory in biological science, chemistry, entomology, microbiology, physics, physiology, plant biology, or integrat bio.

Requirement 12: Major - Actuarial Science - Chemistry
Major - Actuarial Science - Chemistry: A total 3 courses from 1 of the following sets of courses
CEM141, CEM142, CEM161
CEM151, CEM152, CEM161
CEM181H, CEM182H, CEM185H
LB171, LB171L, LB172

Requirement 13: Major - Actuarial Science - Physics
Major - Actuarial Science - Physics: A total 2 courses from 1 of the following sets of courses
PHY183, PHY184
PHY193H, PHY294H
LB273, LB274

Requirement 14: Major - Actuarial Science - Calculus I and II
Major - Actuarial Science - Calculus I and II: A total 2 courses from 1 of the following sets of courses
MTH132, MTH133
LB118, LB119
MTH152H, MTH153H

Requirement 15: Major - Actuarial Science - Advanced Calculus
Major - Actuarial Science - Advanced Calculus: 1 course from LB220, MTH234, MTH254H

Requirement 16: Major - Actuarial Science - Differential Equations
Major - Actuarial Science - Differential Equations: 1 course from MTH235, MTH340

Requirement 17: Major - Actuarial Science - Directed Studies/Teamwork
Major - Actuarial Science - Directed Studies/Teamwork: 1 course from MTH490, MTH491B

Requirement 18: Major - Actuarial Science - Linear Algebra I
Major - Actuarial Science - Linear Algebra I: 1 course from MTH309

Requirement 19: Major - Actuarial Science - Theory of Mathematical Interest
Major - Actuarial Science - Theory of Mathematical Interest: 1 course from MTH360

Requirement 20: Major - Actuarial Science - Financial Mathematics for Actuaries I
Major - Actuarial Science - Financial Mathematics for Actuaries I: 1 course from MTH361

Requirement 21: Major - Actuarial Science - Financial Mathematics for Actuaries
Major - Actuarial Science - Financial Mathematics for Actuaries: 1 course from MTH458

Requirement 22: Major - Actuarial Science - Probability and Statistics
Major - Actuarial Science - Probability and Statistics: 1 course from STT441

Requirement 23: Major - Actuarial Science - Actuarial Models I and II
Major - Actuarial Science - Actuarial Models I and II: 2 courses from STT455, STT456

Requirement 24: Major - Actuarial Science - Construction and Evaluation of Actuarial Models
Major - Actuarial Science - Construction and Evaluation of Actuarial Models: 1 course from STT459

Requirement 25: Major - Actuarial Science - Financial Mathematics/Probability and Statistics II
Major - Actuarial Science - Financial Mathematics/Probability and Statistics II: 1 course from MTH457, STT442

Requirement 26: Major - Actuarial Science - Actuarial Internship/Capstone
Major - Actuarial Science - Actuarial Internship/Capstone: 1 course from MTH491A, MTH496

Requirement 27: Major - Actuarial Science - Survey of Accounting Concepts
Major - Actuarial Science - Survey of Accounting Concepts: 1 course from ACC230

Requirement 28: Major - Actuarial Science - Introduction to Microeconomics/Macroeconomics
Major - Actuarial Science - Introduction to Microeconomics/Macroeconomics: 2 courses from EC201, EC202

Requirement 29: Major - Actuarial Science - Financial Management
Major - Actuarial Science - Financial Management: 1 course from FI311

Requirement 30: Major - Actuarial Science - Theory of Investments
Major - Actuarial Science - Theory of Investments: 1 course from FI321

Requirement 31: Major - Actuarial Science - Computer Science
Major - Actuarial Science - Computer Science: 1 course from CSE231

Requirement 32: College Distribution
College Distribution: 30 credits from courses numbered at the 300 and 400 levels. See academic advisor.

Requirement 33: Electives
Electives: 0 credits from Electives at Michigan State University and transfer coursework. This number can change based on the credits of the coursework taken to fulfill University, College, and Major requirements. Please contact your academic advisor with any questions.

Requirement 34: University Residency
University Residency: 30 credits from MSU coursework, 27 credits from MSU courses taken after reaching junior standing, 20 credits from courses offered by MSU while admitted to major & 20 of the last 30 credits must be MSU courses. Please see academic advisor.