Mathematics (Actuarial Science and Insurance) - Bachelor of Science

The concentration in Actuarial Science and Insurance draws on courses from mathematics and business to prepare students for a mathematical career in insurance. The coursework in this emphasis focuses on the analysis of risk and its applications to insurance finance. Students fulfilling the requirements for the Actuarial Science and Insurance Concentration earn a minor in Risk Management and Insurance.

Students must complete all University degree requirements, which include: General Education requirements, Viewing a Wider World requirements, and elective credits to total at least 120 credits with 48 credits in courses numbered 300 or above. Developmental coursework will not count towards the degree requirements and/or elective credits, but may be needed in order to take the necessary English and Mathematics coursework.

Prefix Title Credits
General Education
Area I: Communications
English Composition - Level 1
ENGL 1110GComposition I4
English Composition - Level 2
Choose one from the following:3
Advanced Composition3
Professional & Technical Communication3
Advanced Technical and Professional Communication3
Oral Communication
Choose one from the following:3
Effective Leadership and Communication in Agriculture3
Introduction to Communication3
Public Speaking3
Introduction to Communication Honors3
Area II: Mathematics
MATH 1511GCalculus and Analytic Geometry I (Departmental/College Requirement) 14
Area III/IV: Laboratory Sciences and Social/Behavioral Sciences10
Macroeconomic Principles3
Principles of Microeconomics 3
Area III: Laboratory Science Course (4 credits) 2
Area V: Humanities 23
Area VI: Creative and Fine Arts 23
General Education Elective
MATH 1521GCalculus and Analytic Geometry II (Departmental/College Requirement)4
Viewing a Wider World 33
Departmental/College Requirements
MATH 1531Introduction to Higher Mathematics3
MATH 2415Introduction to Linear Algebra3
MATH 2530GCalculus III3
MATH 331Introduction to Modern Algebra3
or MATH 332 Introduction to Analysis
STAT 371Statistics for Engineers and Scientists I3
STAT 470Probability: Theory and Applications3
STAT 480Statistics: Theory and Applications3
Departmental Electives 4
Select at least an additional 9 credits of approved upper-division courses prefixed MATH or STAT (6 credits must be 400-level), excluding the following:9
Readings1-3
Fundamentals of Algebra and Geometry I0,3
Undergraduate Research1-3
Survey of Geometry3
Undergraduate Research1-3
Non-Departmental Requirements (in addition to Gen.Ed/VWW) 5
ACCT 2110Principles of Accounting I3
ACCT 2120Principles of Accounting II3
BLAW 316Legal Environment of Business3
or BLAW 385V Employment and Consumer Law
C S 172Computer Science I4
BFIN 322Principles of Insurance3
BFIN 341Financial Analysis and Markets3
Select one option from the following three:9
OPTION 1
Life/Health/Employee Benefits3
Select two courses from the following:
Personal Financial Planning and Investing in a Global Economy3
Personal Financial Planning for Professionals
Property and Liability Insurance3
Finance Internship and Cooperative Education I1-3
OPTION 2
Property and Liability Insurance3
Select two courses from the following:
Personal Financial Planning and Investing in a Global Economy3
Personal Financial Planning for Professionals
Life/Health/Employee Benefits3
Finance Internship and Cooperative Education I1-3
OPTION 3
Business Risk Management3
Select two courses from the following:
Personal Financial Planning and Investing in a Global Economy3
Personal Financial Planning for Professionals
Life/Health/Employee Benefits3
Property and Liability Insurance3
Finance Internship and Cooperative Education I1-3
Second Language Requirement: (not required)
Electives, to bring the total credits to 120 625
6 credits must be upper division
Total Credits120
1

MATH 1511G Calculus and Analytic Geometry I is required for the degree but students may need to take any prerequisites needed to enter MATH 1511G first.

2

See the General Education section of the catalog for a full list of courses.

3

See the Viewing a Wider World section of the catalog for a full list of courses. Note one of the VWW requirements will be satisfied using the 9 hour rule with the FIN courses that are required for the degree.

4

MATH 401 Special Topics must be approved by the department for credit towards the major.

5

A grade of C- or better must be earned.

6

Elective credit may vary based on prerequisites, dual credit, AP credit, double majors, and/or minor coursework. The amount indicated in the requirements list is the amount needed to bring the total to 120 credits and may appear in variable form based on the degree. However students may end up needing to complete more or less on a case-by-case basis and students should discuss elective requirements with their advisor.

Second Language Requirement

For the Bachelor of Science with a major in Mathematics with a Concentration in Actuarial Science and Insurance, there is no second language requirement for the degree.

A Suggested Plan of Study for Students

This roadmap assumes student  placement in MATH 1511G Calculus and Analytic Geometry I and ENGL 1110G Composition I. The contents and order of this roadmap may vary depending on initial student placement in mathematics and english. It is only a suggested plan of study for students and is not intended as a contract. Course availability may vary from fall to spring semester and may be subject to modification or change.

Some students may be able to bypass one or more courses in the calculus sequence MATH 1511G - MATH 1521G - MATH 2530G. The calculus sequence, Introduction to Higher Mathematics, and Linear Algebra provide knowledge that is basic to further work, and students are advised to complete them or their equivalent as early as possible.

Plan of Study Grid
First Year
FallCredits
ENGL 1110G Composition I (C- or better) 4
MATH 1511G Calculus and Analytic Geometry I (C- or better) 1 4
Area III: Laboratory Science Course 2 4
C S 172 Computer Science I 4
 Credits16
Spring
Choose one from the following: 3
Advanced Composition
Professional & Technical Communication
Advanced Technical and Professional Communication
Choose one from the following: 3
Effective Leadership and Communication in Agriculture
Introduction to Communication
Public Speaking
Introduction to Communication Honors
MATH 1521G Calculus and Analytic Geometry II (C- or better) 4
Area V: Humanities Course 2 3
ECON 2110G Macroeconomic Principles 3
 Credits16
Second Year
Fall
ACCT 2110 Principles of Accounting I 3
MATH 1531 Introduction to Higher Mathematics (C- or better) 3
MATH 2530G Calculus III (C- or better) 3
ECON 2120G Principles of Microeconomics (C- or better, and will count towards Area IV, Gen. Ed) 3
BFIN 322 Principles of Insurance (C- or better) 3
 Credits15
Spring
Area VI: Creative and Fine Arts Course 2 3
MATH 2415 Introduction to Linear Algebra (C- or better) 3
STAT 371 Statistics for Engineers and Scientists I (C- or better) 3
ACCT 2120 Principles of Accounting II 3
BFIN 341 Financial Analysis and Markets 3
 Credits15
Third Year
Fall
VWW - Viewing a Wider World Course 3 3
MATH 331
Introduction to Modern Algebra (C- or better, Fall Only) 4
or Introduction to Analysis
3
OPTION 1, 2 or 3 Course (C- or better) 5 3
Elective Course 6 3
Elective Course 6 3
 Credits15
Spring
MATH/STAT Elective Course - 300-level or higher (C- or better) 7 3
MATH/STAT Elective Course - 400-level (C- or better) 8 3
OPTION 1, 2 or 3 Course (C- or better) 5 3
Elective Course 6 3
Elective Course 6 3
 Credits15
Fourth Year
Fall
MATH/STAT Elective Course - 400-level (C- or better) 8 3
Option 1, 2 or 3 Course (C- or better) 5 3
STAT 470 Probability: Theory and Applications (C- or better) 3
BLAW 316
Legal Environment of Business (C- or better in either)
or Employment and Consumer Law
3
Elective Course 6 3
 Credits15
Spring
STAT 480 Statistics: Theory and Applications (C- or better) 3
Elective Course - Upper Division 6 3
Elective Course - Upper Division 6 3
Elective Course 6 3
Elective Course 6 1-3
 Credits13-15
 Total Credits120-122
1

Math Placement: MATH 1511G Calculus and Analytic Geometry I is the starting Math course for the degree, however, students may need to complete any prerequisites prior to enrolling into this course.

2

See the General Education section of the catalog for a full list of courses.

3

See the Viewing a Wider World section for a full list of courses. Please note that the second VWW requirement will be satisfied by the 9 hour rule using the FIN courses that are required for the degree.

4

MATH 331 Introduction to Modern Algebra is only offered in the Fall semesters, however MATH 332 Introduction to Analysis is taught in the Spring and may be used as a substitute.

5

Do not mix options; pick one throughout.

OPTION 1: BFIN 323 Life/Health/Employee Benefits; two courses from (BFIN 303V Personal Financial Planning and Investing in a Global Economy OR BFIN 421 Personal Financial Planning for Professionals); BFIN 324 Property and Liability InsuranceBFIN 391 Finance Internship and Cooperative Education I.

OPTION 2: BFIN 324 Property and Liability Insurance; two courses from (BFIN 303V Personal Financial Planning and Investing in a Global Economy OR BFIN 421 Personal Financial Planning for Professionals); BFIN 323 Life/Health/Employee BenefitsBFIN 391 Finance Internship and Cooperative Education I.

OPTION 3: BFIN 326 Business Risk Management; two courses from (BFIN 303V Personal Financial Planning and Investing in a Global Economy OR BFIN 421 Personal Financial Planning for Professionals); BFIN 323 Life/Health/Employee BenefitsBFIN 324 Property and Liability InsuranceBFIN 391 Finance Internship and Cooperative Education I.

6

Elective credit may vary based on prerequisites, dual credit, AP credit, double majors, and/or minor coursework. The amount indicated in the requirements list is the amount needed to bring the total to 120 credits and may appear in variable form based on the degree. However students may end up needing to complete more or less on a case-by-case basis and students should discuss elective requirements with their advisor.

7

MATH/STAT 300-level courses that cannot be taken to fulfill this requirement: MATH 300 Readings and MATH 313 Fundamentals of Algebra and Geometry I.

8

MATH/STAT 400-level courses that cannot be taken to fulfill this requirement: MATH 400 Undergraduate Research, MATH 459 Survey of Geometry, STAT 400 Undergraduate Research.