Undergraduate Minor - Minor in Actuarial Science

Minor in Actuarial Science
Program Code:
7124 Actuarial Science
Program Level:
Award Type:
Minor Undergraduate
Start Term:
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
Minor in Actuarial Science

The Minor in Actuarial Science, which is administered by the Department of Mathematics within the College of Natural Science, is available as an elective to students who are enrolled in any bachelor’s degree program at Michigan State University. This minor complements a number of major fields such as mathematics, statistics and probability, finance, and economics. It is intended to prepare students for work in insurance companies, banks, investment firms, government work, hospitals and business firms where there is a need to weigh the financial consequences of risk. The Minor in Actuarial Science prepares students for two of the examinations of the Society of Actuaries (SOA): Exam P/1 and Exam FM/2. With the approval of the department that administers the student’s degree program, courses that are used to satisfy the requirements for the minor may also be used to satisfy the requirements for the bachelor’s degree.

Requirements for the Minor in Actuarial Science

The student must complete all of the following courses (21 credits):

1. All of the following courses (18 credits):
FI 311 Financial Management 3
FI 321 Theory of Investments 3
MTH 360 Theory of Mathematical Interest 3
MTH 361 Financial Mathematics for Actuaries I 3
STT 441 Probability and Statistics I: Probability 3
STT 455 Actuarial Models I 3
2. One of the following courses (3 credits):
MTH 457 Introduction to Financial Mathematics 3
STT 442 Probability and Statistics II: Statistics 3