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< College of Liberal Arts and Sciences
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, Mathematics and Computer Science.
Major in Sciences and Letters Curriculum
E-mail: OFFICE@math.uiuc.edu
Web address for most current program requirements:
http://www.las.uiuc.edu/students/programs/ACSCI/f_ ACSCI.shtml
Degree title: Bachelor of Science in Liberal Arts and Sciences
Minimum required major and supporting course work normally equates to 52-53 hours including 27 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 372, 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.
As this catalog was being prepared, significant revisions in the Actuarial Science program were in the process of being approved, including additional courses in both mathematics and finance, and a change in specific course requirements. Before selecting courses, students should consult an actuarial adviser.
HOURS REQUIREMENTS 10-11 Calculus through: MATH 242-Calculus of Several Variables or MATH 243-Multivariable Calculus and Vector Analysis or MATH 245-Calculus, II, or equivalent 3 Select from: C S 101-Introduction to Computing for Application to Engineering and Physical Science or C S 105-Introduction to Computing with Application to Business and Commerce or C S 125-Introduction to Computer Science, or equivalent 3 MATH 210-Theory of Interest 4 MATH 308-Actuarial Statistics, I 4 MATH 309-Actuarial Statistics, II 3 MATH 369-Methods of Applied Statistics 3 Select from: MATH 315-Linear Transformation and Matrices or MATH 383-Linear Programming 3 Select one course from the following: ECON 372-Econometrics1 MATH 257-Numerical Methods MATH 370-Actuarial Numerical Analysis MATH 376-Actuarial Risk Theory MATH 383-Linear Programming (if not used to satisfy above requirement) MATH 393-Statistical Computing MATH 394-Time Series Analysis 7 MATH 371-Actuarial Theory I MATH 372-Actuarial Theory II2 12 Four finance courses chosen in consultation with an adviser. Choose from: FIN 254-Corporate Finance FIN 260-Introduction to Insurance FIN 262-Wealth Management and Life Insurance FIN 300-Financial Matters FIN 323-International Corporate Finance FIN 341-Property-Liability Insurance FIN 343-Financial Risk Management of Insurance Enterprises FIN 345-Corporate Risk Management FIN 360-Employee Benefit Plans FIN 361-Investments FIN 364-International Financial MarketsTwelve hours advanced-level (300- or approved 200-level) courses in the major must be taken on this campus.
All foreign language requirements must be satisfied.
NOTE: The student is urged to elect ACCY 200 (or 201) or B ADM 261 in the junior or senior year.
1. ECON 372 counts toward the 27 hours mathematics-beyond-calculus requirement.
2. With adviser approval, students may substitute another course for MATH 372. The replacement course may be chosen from: MATH 313, 318, 344, 347, 358, 365, 368, 384; C S 225, 232, 300.