Bachelor Degree Requirements

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