Actuarial Science

http://www.math.illinois.edu/ActuarialScience/

This major is sponsored by the Department of Mathematics, and is an interdisciplinary subject involving mathematics, statistics, and financial economics. It is designed to prepare students to enter the actuarial profession, as well as to provide a background in quantitative finance and risk management. See also Mathematics and Mathematics and Computer Science.

For the Degree of Bachelor of Science in Liberal Arts and Sciences

Major in Sciences and Letters Curriculum

E-mail: mathadvising@illinois.edu

Minimum required major and supporting course work normally equates to 57-59 hours including 29-30 hours of mathematics beyond calculus.

General education: Students must complete the Campus General Education requirements including the campus general education language requirement.

Twelve hours of 300- or 400-level courses in the major must be taken on this campus.

Minimum hours required for graduation: 120 hours

Departmental distinction: To qualify for distinction, the student must take MATH 472, have a grade point average in mathematics courses of at least 3.25, and pass at least two examinations offered by the professional actuarial societies. To qualify for high or highest distinction, the student must have passed at least three professional exams, with highest distinction going to those whose grade point averages in mathematics are at least 3.75. Finance courses and additional professional exams may also be given consideration in close decisions.

Calculus through: 11-12
Calculus III (or equivalent )
Select one of the following:3
Intro Computing: Engrg & Sci
Intro Computing: Non-Tech
Intro to Computer Science
MATH 210Theory of Interest3
MATH 408Actuarial Statistics I3-4
or MATH 461 Probability Theory
MATH 409Actuarial Statistics II4
MATH 469Methods of Applied Statistics3
MATH 410Lin Algebra & Financial Apps3
MATH 471Actuarial Theory I4
Select two of the following:6
Actuarial Theory II
Actuarial Risk Theory
Actuarial Modeling
Casualty Actuarial Mathematics
A third course from the list above or an approved section of MATH 490 (e.g. financial mathematics) 3
FIN 221Corporate Finance3
FIN 300Financial Markets3
FIN 321Advanced Corporate Finance3
Select two of the following:6
Inter Microeconomic Theory
Inter Macroeconomic Theory
Introduction to Insurance
Property-Liability Insurance
Managing Fin Risk for Insurers
Employee Benefit Plans