Bachelor Degree Requirements

Major map

https://webapp4.asu.edu/programs/t5/roadmaps/ASU00/LAACTBS/null/ALL/2020

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 370: Data Analysis in R and Excel (3 cr.)
  • ACT 410: 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.)
  • FIN 300: Fundamentals of Finance (3 cr.)
  • ACT 484: Internship (3 cr.)
  • ACT 494: Business Communications (1 cr.)

Sample schedule

Year Fall Semester Spring Semester
1 MAT 270: Calculus with Analytic Geometry I MAT 270: Calculus with Analytic Geometry I
CIS 105: Computer Applications and Information Technology ACT 201: Introduction to Elements and Techniques of Actuarial Science
ECN 211: Macroeconomics Principles ECN 212: Microeconomics Principles
2 MAT 272: Calculus with Analytic Geometry III ACT 415: Probability for Risk Management
ACT 310: Mathematics of Finance ACC 241: Uses of Accounting Information II
MAT 343: Applied Linear Algebra ACT 491: Actuarial Exam Preparation Seminar
ACC 231: Uses of Accounting ACT 301: Introduction to Risk Management and Insurance
STP 420: Introductory Applied Statistics

Year

Fall Semester

Spring Semester

3 ACT 440: Long-term Actuarial Mathematics I ACT 441: Long-term Actuarial Mathematics II
ACT 430: Mathematics of Financial Derivatives MAT 300: Mathematical Structures
STP 427: Mathematical Statistics ACT 370: Data Analysis in R and Excel
STP 425: Stochastic Processes FIN 300: Fundamentals of Finance
ACT 494: Business Communications ACT 491: Actuarial Exam Preparation Seminar
4 ACT 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