Jun 07, 2020  
2019-20 Undergraduate Catalog 
    
2019-20 Undergraduate Catalog [ARCHIVED CATALOG]

Actuarial Science, B.S.


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Mathematical Sciences  
615-898-2669
Don Hong, program coordinator
Don.Hong@mtsu.edu

The Actuarial Science major is designed for students who have a strong mathematical ability with an interest in applying their mathematical knowledge to insurance, finance, risk management, investments, and other areas of business. The program is classified by the Society of Actuaries (SOA) as an Advanced Undergraduate Actuarial Science program and is in complete compliance with the requirements set forth by the Society of Actuaries and the Casualty Actuarial Society (CAS) in the Year 2018 Syllabus and beyond. Therefore, the student can choose coursework necessary to prepare for all the preliminary and foundational SOA/CAS Course/Exams validation by educational experience (VEE) courses and project course in predictive analytics.

Actuarial Science majors preparing for the actuarial examination series and an actuarial science career should complete this professional program in Actuarial Science.

All courses in the Actuarial Science major or minor (including supporting coursework) must be completed with a grade of C (2.00) or better. All courses transferred from other institutions for credit in the Actuarial Science major or minor must carry a grade of C (2.00) or better and be approved by the department chair.

The following specialized courses do not count toward an Actuarial Science major: MATH 1010 , MATH 1410 , MATH 1420 , MATH 1530 , MATH 1630 , MATH 1710 , MATH 1720 , MATH 1730 , MATH 1810 , and MATH 4010 . However, MATH 1630 , MATH 1730 , and MATH 1810  may count toward a minor in Mathematics for Managerial, Social, and Life Sciences.

Accelerated Bachelors/Masters (ABM) Program

High achieving students majoring in Actuarial Science who intend to pursue a master’s degree in Professional Science (with a concentration in Actuarial Science) may apply to participate in the Accelerated Bachelors/Masters (ABM) Program. The program allows undergraduate students an opportunity to complete the requirements for both the bachelor’s and master’s degrees in a compressed time frame. Participating undergraduate students may count up to 12 graduate credit hours toward both degrees and obtain a non-thesis master’s degree in the same field within 12 months of completing the bachelor’s degree or obtain a thesis-based master’s degree in the same field within 18 months of completing the bachelor’s degree. For more information about the ABM program, see the Graduate Catalog.

Academic Map


Following is a printable, suggested four-year schedule of courses:

Actuarial Science, B.S., Academic Map  

Degree Requirements


General Education (41 hours)


General Education  requirements (shown in curricular listings below) include courses in Communication, History, Humanities and/or Fine Arts, Mathematics, Natural Sciences, and Social/Behavioral Sciences.

The following courses are required by the program and can satisfy the respective General Education requirement:

  • MATH 1910 (Math)
  • ECON 2410 (Soc/Beh Sci)

Major Requirements (36 hours)


Electives


  • To make 120 hours

NOTE:


Students with a major in Actuarial Science may substitute STAT 3150  for MATH 2010  and MATH 2050 ; and ACSI 4200  for MATH 3460 .

Total hours in program: 120


Curriculum: Actuarial Science


Curricular listings include General Education  requirements in Communication, History, Humanities and/or Fine Arts, Mathematics, Natural Sciences, and Social/Behavioral Sciences categories. 

Students should consult their advisors each semester to plan their schedules.

Freshman


Subtotal: 29 Hours


Subtotal: 31 Hours


Junior


Subtotal: 30 Hours


Senior


Subtotal: 30 Hours


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