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Actuarial Science

7105 Actuarial Science

Undergraduate

Bachelor of Science

FS11

College of Natural Science

Relevant Excerpt(s) from Academic Programs:

Department of Mathematics

Relevant Excerpt(s) from Academic Programs:

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

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.

**Admission to the Major**

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.
- a minimum average grade of 3.0 in MTH 132, MTH 133, and MTH 234 or equivalent for transfer students.
- a minimum average of 3.0 in the grades in MTH 360 and STT 441.

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 or in Statistics and Probability.

**Requirements for the Bachelor of Science Degree in Actuarial Science**

- 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. - 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. - 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 (15 credits): | |||||||

ACC | 230 | Survey of Accounting Concepts | 3 | |||||

EC | 201 | Introduction to Microeconomics | 3 | |||||

EC | 202 | Introduction to Macroeconomics | 3 | |||||

FI | 311 | Financial Management | 3 | |||||

FI | 321 | Theory of Investments | 3 | |||||

l. | One of the following courses (3 or 4 credits): | |||||||

CSE | 131 | Technical Computing and Problem Solving | 3 | |||||

CSE | 231 | Introduction to Programming I | 4 |

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

University Mathematics: The required number of courses from 1 of the following sets of courses

MTH2: 1 course

At least 1 course from LB118, MTH110, 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 MTH112, MTH114, MTH124, MTH132, MTH152H, MTH201, STT200, STT201

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

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

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

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

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

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

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

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

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.

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

Major - Actuarial Science - Physics: A total 2 courses from 1 of the following sets of courses

PHY183, PHY184

PHY193H, PHY294H

LB273, LB274

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Major - Actuarial Science - Computer Science: 1 course from CSE131, CSE231

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

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.

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.