Major map
https://degrees.apps.asu.edu/major-map/ASU00/LAACTBS/null/ALL/2023
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, FAM, ALTAM, ASTAM, SRM, MAS-I, MAS-II, and Exam 5 and enables completion of the VEE requirements.
Required Coursework
| Course | Description | Credits |
| CIS 105 or CSE 110 or equivalent | Computer applications and information technology; etc. | 3 |
| MAT 270 | Calculus with analytic geometry (grade of B or better) | 3 |
| MAT 271 | Calculus with analytic geometry II (grade of B or better) | 3 |
| MAT 272 | Calculus with analytic geometry III (grade of B or better) | 3 |
| MAT 343 | Applied linear algebra (grade of B or better) | 3 |
| STP 420 | Introductory applied statistics (grade of B or better) | 3 |
| MAT 300 | Mathematical structures | 3 |
| STP 427 | Mathematical statistics | 3 |
| ACT 201 | Introduction to elements and techniques of actuarial science | 3 |
| ACT 301 | Introduction to risk management and insurance | 3 |
| ACT 370 | Exploring data in R and Python | 3 |
| ACT 410 | Mathematics of finance | 3 |
| ACT 415 | Probability for risk management | 3 |
| ACT 420 | Ratemaking and reserving | 3 |
| ACT 435 | Statistics for risk modeling | 3 |
| ACT 440 | Single life mortality | 3 |
| ACT 450 | Actuarial models | 3 |
| ACT 441 or ACT 451 | Long-term act. math or short-term act.math | 3 |
Risk Management and Insurance (minimum 6 credits hours)
| ACT 302 | Fundamentals of enterprise risk management | 3 |
| ACT 320 | Property and Casualty Insurance | 3 |
| ACT 330 | Life and health | 3 |
| ACT 494 | Seminar | 1 |
| ACT 490 | Emerging risks | 3 |
| ACT 484 | Internship | 3 |
| ACT 491 | Exam prep seminar | 1 |
Advanced courses (minimum 6 credits hours)
| ACT 430 | Mathematics of financial derivatives | 3 |
| ACT 441 | Long-term act. math | 3 |
| ACT 451 | Short-term act. math | 3 |
| ACT 455 | Quantitative risk management | 3 |
| ACT 494 (= ACT 560) | Regression modeling in insurance | 3 |
| ACT 494 (= ACT 561) | Machine learning and risk mgmt applications | 3 |
Related area (minimum 9 credits hours)
| ACC 231 | Uses of accounting information I | 3 |
| ACC 241 | Uses of accounting information II | 3 |
| FIN 300 | Fundamentals of finance | 3 |
| CIS 355 | Data warehousing and dimensional modeling | 3 |
| CIS 308 | Advanced excel | 3 |
| STP 425 | Stochastic processes | 3 |
| ENG 301 | Writing for the professions | 3 |
| ECN 211 | Macroeconomic principles | 3 |
| ECN 212 | Microeconomic principles | 3 |
| IEE 412 | Intro to financial engineering | 3 |
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: Exam Prep Seminar | |
| ACC 231: Uses of Accounting Information I | ACT 301: Introduction to Risk Management and Insurance | |
| STP 420: Introductory Applied Statistics | ||
| Year | Fall Semester | Spring Semester |
| 3 | ACT 440: Single life mortality | ACT 441: Long-term Actuarial Mathematics |
| ACT 430: Mathematics of Financial Derivatives | MAT 300: Mathematical Structures | |
| STP 427: Mathematical Statistics | ACT 370: Software Tools for Business Analytics | |
| STP 425: Stochastic Processes | FIN 300: Fundamentals of Finance | |
| ACT 494: Business Communications | ACT 491: Exam Prep Seminar | |
| 4 | ACT 435: Statistics for Risk Modeling | ACT 420: Ratemaking and Reserving |
| ACT 450: Actuarial Models | ACT 451: Short-Term Actuarial Mathematics | |
| ACT 494: Seminar | ACT 484: Internship | |
| ACT 455: Quantitative Risk Management | ACT 302: Fundamentals of Enterprise Risk Management |