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.

Academic Map

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

Actuarial Science, B.S., Academic Map

Degree Requirements

True Blue Core (TBC)	41 hours
Major Requirements	39 hours*
Supporting Courses	28 hours*
Electives	12-21 hours
TOTAL	120 hours

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

True Blue Core (41 hours)

True Blue Core (TBC) requirements (shown in curricular listings below) include courses in the Foundational Skills areas of Written Communication (WC), Information Literacy (Info Lit), Non-Written Communication (NWC), and Quantitative Literacy (Quant Lit). Knowledge Domains include Human Society and Social Relationships (HSSR), Scientific Literacy (Sci Lit), Creativity and Cultural Expression (CCE), and History and Civic Learning (HCL), which include Discovery and Explorations categories. Students must choose at least one course from each Discovery category.

The following courses required by the major meet True Blue Core requirements:

MATH 1910 (Quant Lit)
ECON 2410 and ECON 2420 (HSSR)

Major Requirements (39 hours)

Mathematics Core (15 hours)

MATH 1910 - Calculus I 4 credit hours (3 credit hours counted in the True Blue Core, 1 credit hour remaining)
MATH 1920 - Calculus II 4 credit hours
MATH 3110 - Calculus III 4 credit hours
STAT 3150 - Mathematical Statistics I 3 credit hours

Actuarial Science Core (24 hours)

ACSI 2100 - Introduction to Actuarial Science 3 credit hours
ACSI 4140 - Mathematical Foundations of Actuarial Science 3 credit hours
ACSI 4220 - Mathematics of Corporate Finance 3 credit hours
ACSI 4230 - Mathematics of Compound Interest 3 credit hours
ACSI 4330 - Actuarial Mathematics I 3 credit hours
ACSI 4430 - Introduction to Loss Models and Credibility 3 credit hours
Select two courses from the following:
ACSI 4200 - Introduction to Mathematics of Investment 3 credit hours
ACSI 4340 - Actuarial Mathematics II 3 credit hours
ACSI 4440 - Advanced Topics on Loss Models and Credibility 3 credit hours
ACSI 4530 - Rate Making and Loss Reserving 3 credit hours
ACSI 4600 - Problems in Actuarial Science 1 to 6 credit hours
ACSI 4630 - Mathematics of Risk Management 3 credit hours
STAT 4200 - Statistical Methods for Forecasting 3 credit hours

Supporting Courses (28 hours)

ACTG 3000 - Survey of Accounting for General Business 3 credit hours
CSCI 1170 - Computer Science I 4 credit hours
ECON 2410 - Principles of Economics, Macroeconomics 3 credit hours (may be counted in the True Blue Core)
ECON 2420 - Principles of Economics, Microeconomics 3 credit hours (may be counted in the True Blue Core)
FIN 3050 - Principles of Risk Management and Insurance 3 credit hours
MATH 4990 - Seminar in Mathematics 3 credit hours
STAT 4190 - Mathematical Statistics II 3 credit hours
STAT 4320 - Probability and Stochastic Processes 3 credit hours
CSCI/INFS/DATA elective 3 credit hours

Electives (12-21 hours)

NOTE:

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

Curriculum: Actuarial Science

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

Freshman

Written Communication 3 credit hours
Information Literacy 3 credit hours
Scientific Literacy 8 credit hours
Creativity and Cultural Expression 3 credit hours
MATH 1910 - Calculus I 4 credit hours (Quant Lit)
MATH 1920 - Calculus II 4 credit hours
CSCI 1170 - Computer Science I 4 credit hours

Subtotal: 29 Hours

Sophomore

Non-Written Communication 3 credit hours
Creativity and Cultural Expression Literature 3 credit hours
Creativity and Cultural Expression 3 credit hours
History and Civic Learning 6 credit hours
MATH 3110 - Calculus III 4 credit hours
ECON 2410 - Principles of Economics, Macroeconomics 3 credit hours (HSSR)
ECON 2420 - Principles of Economics, Microeconomics 3 credit hours (HSSR)
ACSI 2100 - Introduction to Actuarial Science 3 credit hours
ACSI 4230 - Mathematics of Compound Interest 3 credit hours

Subtotal: 31 Hours

Junior

STAT 3150 - Mathematical Statistics I 3 credit hours
STAT 4190 - Mathematical Statistics II 3 credit hours
ACSI 4140 - Mathematical Foundations of Actuarial Science 3 credit hours
ACSI 4220 - Mathematics of Corporate Finance 3 credit hours
ACSI 4330 - Actuarial Mathematics I 3 credit hours
ACSI 4430 - Introduction to Loss Models and Credibility 3 credit hours
ACTG 3000 - Survey of Accounting for General Business 3 credit hours
FIN 3050 - Principles of Risk Management and Insurance 3 credit hours
Elective 3 credit hours
CSCI/INFS/DATA elective 3 credit hours (approved by advisor)

Subtotal: 30 Hours

Senior

STAT 4320 - Probability and Stochastic Processes 3 credit hours
MATH 4990 - Seminar in Mathematics 3 credit hours
ACSI/STAT (Core) electives 6 credit hours
Human Society and Social Relationships/Elective 6 credit hours
Electives 12 credit hours