Actuarial Science

www.math.uiuc.edu

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
10-11	Calculus through:
	MATH 242–Calculus of Several Variables
	or
	MATH 243–Calculus III Plus, 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 I
4	MATH 409–Actuarial Statistics II
3	MATH 469–Methods of Applied Statistics
3	MATH 415–Linear Algebra
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
	MATH 466–Probability Theory II
	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.