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Bachelor Degree Requirements

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https://webapp4.asu.edu/programs/t5/roadmaps/ASU00/LAACTBS/null/ALL/2018

Major Requirements

The bachelor degree in Actuarial Science requires a minimum of 120 credit hours, including 62 credit hours of work for the major. The program exposes the students to the following Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) preliminary exams: P/1, FM/2, IFM/3F, STAM, LTAM, SRM, MAS-I, MAS-II, and Exam 5 and enables completion of the VEE requirements.

Required Coursework

  • MAT 270: Calculus with Analytic Geometry I (4 cr.)
  • MAT 271: Calculus with Analytic Geometry II (4 cr.)
  • MAT 272: Calculus with Analytic Geometry III (4 cr.)
  • MAT 300: Mathematical Structures (3 cr.)
  • MAT 343: Applied Linear Algebra (3 cr.)
  • MAT 371: Advanced Calculus I (3 cr.)
  • STP 420: Introductory Applied Statistics (3 cr.)
  • STP 427: Mathematical Statistics (3 cr.)
  • ACT 201: Introduction to Elements and Techniques of Actuarial Science (3 cr.)
  • ACT 301: Introduction to Risk Management and Insurance (3 cr.)
  • ACT 310: Mathematics of Finance (4 cr.)
  • ACT 415: Probability for Risk Management (3 cr.)
  • ACT 420: Ratemaking and Reserving (3 cr.)
  • ACT 430: Mathematics of Financial Derivatives (3 cr.)
  • ACT 435: Statistics for Risk Modeling (3 cr.)
  • ACT 440: Long-term Actuarial Mathematics I (3 cr.)
  • ACT 441: Long-term Actuarial Mathematics II (3 cr.)
  • ACT 450: Actuarial Models I (3 cr.)
  • ACT 451: Actuarial Models II (3 cr.)
  • ACT 491: Actuarial Exam Preparation Seminar (1 cr.)
  • ECN 211/212: Macroeconomic Principles (3 cr.) or Microeconomic Principles (3 cr.)
  • CIS 105: Computer Applications and Information Technology (3 cr.)

Electives

Recommended electives include a variety of courses such as:

  • ACC 231: Uses of Accounting Information I (3 cr.)
  • ACC 241: Uses of Accounting Information II (3 cr.)
  • CIS 308: Advanced Excel (3 cr.)
  • CIS 355: Data Warehousing and Dimensional Modeling (3 cr.)
  • ENG 301: Writing for the Professions (3 cr.)
  • STP 425: Stochastic Processes (3 cr.)
  • ACT 370: Data Analysis in R and Excel (3 cr.)
  • ACT 484: Internship (3 cr.)

Sample schedule

YearFall SemesterSpring Semester
1MAT 270: Calculus with Analytic Geometry IMAT 270: Calculus with Analytic Geometry I
CIS 105: Computer Applications and Information TechnologyACT 201: Introduction to Elements and Techniques of Actuarial Science
ECN 211: Macroeconomics PrinciplesECN 212: Microeconomics Principles
2MAT 272: Calculus with Analytic Geometry IIIACT 415: Probability for Risk Management
ACT 310: Mathematics of FinanceACC 241: Uses of Accounting Information II
MAT 343: Applied Linear AlgebraACT 491: Actuarial Exam Preparation Seminar
ACC 231: Uses of AccountingACT 301: Introduction to Risk Management and Insurance
STP 420: Introductory Applied Statistics

Year

Fall Semester

Spring Semester

3ACT 440: Long-term Actuarial Mathematics IACT 441: Long-term Actuarial Mathematics II
ACT 430: Mathematics of Financial DerivativesMAT 300: Mathematical Structures
STP 427: Mathematical StatisticsACT 370: Data Analysis in R and Excel
STP 425: Stochastic ProcessesFIN 300: Fundamentals of Finance
ACT 491: Actuarial Exam Preparation Seminar
4ACT 435: Statistics for Risk Modeling  ACT 420: Ratemaking and Reserving  
ACT 450: Actuarial Models I  ACT 451: Actuarial Models II
MAT 371: Advanced Calculus I  CIS 355: Data Warehousing and Dimensional Modeling