Oct 26, 2020  
2020-21 Undergraduate Catalog 
    
2020-21 Undergraduate Catalog

Actuarial Science, B.S.


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 and intending 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) pathway. The pathway allows undergraduate students an opportunity to complete select requirements for both the bachelor’s and master’s degrees simultaneously. Upon successful completion of the ABM pathway, students must submit an application (including application fee) to the graduate program. Additional application requirements will be waived, and the student will be admitted to the program automatically. For more information about the ABM pathway, see the Graduate Catalog. NOTE: Applications for this ABM pathway are no longer being accepted. Current ABM students may complete the pathway in place at the time of application.

Academic Map


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

Actuarial Science, B.S., Academic Map  

Degree Requirements


General Education 41 hours
Major Requirements 36 hours*
Supporting Courses 28 hours*
Electives 15-22 hours
TOTAL 120 hours

 *This program requires courses that can also fulfill requirements of the General Education curriculum. If program requirements are also used to fulfill General Education requirements, the number of elective hours will increase.

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 required by the program meet General Education requirements:

Major Requirements (36 hours)


Electives (15-22 hours)


NOTE:


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

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