Undergraduate Degree

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