# 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 six hours of examinations offered by the professional actuarial societies. To qualify for high or highest distinction, the student must have passed at least eight hours of 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.

Code | Title | Hours |
---|---|---|

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 210 | Theory of Interest | 3 |

MATH 408 | Actuarial Statistics I | 3-4 |

or MATH 461 | Probability Theory | |

MATH 409 | Actuarial Statistics II | 4 |

MATH 469 | Methods of Applied Statistics | 3 |

MATH 410 | Lin Algebra & Financial Apps | 3 |

MATH 471 | Actuarial Theory I | 4 |

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 221 | Corporate Finance | 3 |

FIN 300 | Financial Markets | 3 |

FIN 321 | Advanced Corporate Finance | 3 |

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 |