Major & Minor

Because actuaries often work at high levels within their companies or as consultants for others, there is significant value placed on an education that emphasizes breadth of knowledge as well as skills in writing and communication. The liberal arts programs at the University of St. Thomas provide an ideal environment for such development. Within that environment, the Department of Mathematics offers a B.S. degree in Actuarial Science, which includes courses in mathematics, actuarial science, computer science, business administration and economics, all of which will help prepare you for a career as an actuary and for related professional examinations. Students are also encouraged to take a broad range of electives. For example, courses in history, science, economics, communications and sociology provide important perspectives from which actuarial problems can be viewed.

Specific suggestions for schedules of courses and the timing of the first few actuarial exams are provided in Sample Schedule. There is a complete list of required courses and a list of valuable supporting courses that may be taken as electives.

Major in Actuarial Science (B.S.)

Actuarial Science - Major Field Guide‌

  • ACCT 210 Introduction to Financial Accounting (4 credits)
  • ACSC 264 Theory of Interest (4 credits)
  • ACSC 320 Risk Management and Insurance (4 credits)
  • ACSC 351 Foundations of Actuarial Mathematics (4 credits)
  • ACSC 352 Actuarial Contingencies (4 credits)
  • CISC 130 Introduction to Programming and Problem Solving in the Sciences (4 credits)
  • ECON 252 Principles of Microeconomics (4 credits)
  • FINC 321 Financial Management (4 credits)
  • FINC 325 Investments (4 credits)
  • MATH 113 Calculus I (4 credits) (or MATH 108 and MATH 109)
  • MATH 114 Calculus II (4 credits)
  • MATH 200 Multi-Variable Calculus (4 credits)
  • MATH 240 Linear Algebra (4 credits)
  • MATH 313 Probability (4 credits)
  • STAT 314 Mathematical Statistics (4 credits)

Plus four credits from the following:

  • ACSC 464 Mathematical Finance (4 credits)
  • STAT 333 Applied Statistical Methods: Regression, Time Series, Forecasting (4 credits)
  • MATH 385 Mathematical Methods of Numerical Analysis (4 credits)

Allied Requirement:

One of: ENGL 211 or above; COJO 100 (Public Speaking); COJO 105 (Communication in the Workplace)

Suggested Electives:

  • BLAW 301 Legal Environment of Business (4 credits)
  • CISC 230 Object-Oriented Design and Programming (4 credits)
  • CISC 450 Database Design I (4 credits)
  • ECON 251 Principles of Macroeconomics (4 credits)
  • ECON 351 Macroeconomic Theory (4 credits)
  • ECON 352 Microeconomic Theory (4 credits)
  • ECON 355 Game Theory (4 credits)
  • FINC 324 Corporate Finance (4 credits)
  • FINC 400-level Investment Courses(4 credits)
  • MBIS 701 Insurance Seminar (3 credits)
  • MKTG 300 Principles of Marketing (4 credits)
  • STAT 370 Bayesian Statistical Models and Credibility Theory (4 credits) 

B.S. in Actuarial Science - Major Field Guide

Minor in Actuarial Science

  • ACSC 264 Theory of Interest (4 credits)
  • ACSC 320 Risk Management and Insurance (4 credits)
  • MATH 113 Calculus I (4 credits) (or MATH 108 or MATH 109
  • MATH 114 Calculus II (4 credits)
  • Plus eight credits from the following:
  • Note: At least four credits must not satisfy the student’s major field requirement (including allied requirements)
  • ACCT 210 Introduction to Financial Accounting (4 credits)
  • ACCT 215 Managerial Accounting (4 credits)
  • ACSC 351 Foundations of Actuarial Mathematics (4 credits)
  • ACSC 464 Mathematical Finance (4 credits)
  • ECON 252 Principles of Microeconomics (4 credits)
  • FINC 321 Financial Management (4 credits) or FINC 300 Finance for non-Business Majors (4 credits)
  • MATH 200 Multi-Variable Calculus (4 credits)
  • MATH 313 Probability (4 credits) or MATH 303 Statistics for the Applied Sciences (4 credits)