Mathematics
Department Office: 273 Altgeld Hall, 1409 West Green, Urbana, (217) 333-3350
Actuarial Science
This major is sponsored by the Department of Mathematics and is designed to prepare students to enter the actuarial profession. See also Mathematics and Mathematics and Computer Science.
Major in Sciences and Letters Curriculum
E-mail: OFFICE@math.uiuc.edu
Degree title: Bachelor of Science in Liberal Arts and Sciences
Minimum required major and supporting course work normally equates to 57-59 hours including 29-30 hours of mathematics beyond calculus.
General education: The LAS General Education requirements are set up so students automatically complete the Campus General Education requirements.
Minimum hours required for graduation: 120 hours
Departmental distinction: To qualify for distinction, the student must take MATH 472, have a grade point average in mathematics courses of at least 3.25, and pass at least six hours of examinations offered by the professional actuarial societies. To qualify for high or highest distinction, the student must have passed at least eight hours of professional exams, with highest distinction going to those whose grade point averages in mathematics are at least 3.75. Finance courses and additional professional exams may also be given consideration in close decisions.
| Hours | Requirements |
|---|---|
| 11-12 | Calculus through: |
MATH 241 - Calculus III, or equivalent |
|
| 3 | Select from: |
CS 101 - Intro to Computing, Eng & Sci |
|
| or | |
CS 105 - Intro to Computing, Non-Tech |
|
| or | |
CS 125 - Intro to Computer Science |
|
| 3 | MATH 210 - Theory of Interest |
| 3-4 | MATH 408 - Actuarial Statistics I |
| or | |
| MATH 461- Probability Theory | |
| 4 | MATH 409 - Actuarial Statistics II |
| 3 | MATH 469 - Methods of Applied Statistics |
| 3 | MATH 410 - Lin Algebra & Financial Apps |
| 4 | MATH 471- Actuarial Theory I |
| 6 | Select two from the following list: |
MATH 472 - Actuarial Theory II |
|
MATH 476 - Actuarial Risk Theory |
|
MATH 477 - Survival Analysis |
|
MATH 478 - Actuarial Modeling |
|
| 3 | A third course from the list above or an approved section of MATH 490 (e.g. financial mathematics) |
| 15 | FIN 221 - Corporate Finance |
| FIN 300 - Financial Markets | |
| FIN 321 - Advanced Corporate Finance | |
| AND | |
| Two additional courses in consultation with an advisor, from: | |
ECON 302 - Inter Microeconomic Theory |
|
ECON 303 - Inter Macroeconomic Theory |
|
FIN 230 - Introduction to Insurance |
|
FIN 431 - Property-Liability Insurance |
|
FIN 432 - Managing Fin Risk for Insurers |
|
FIN 434 - Employee Benefit Plans |
Twelve hours of 300- or 400-level courses in the major must be taken on this campus.
All foreign language requirements must be satisfied.