Actuarial Science, BSLAS
for the degree of Bachelor of Science in Liberal Arts and Sciences Major in Actuarial Science
program website: Actuarial Science
program faculty: Actuarial Science Faculty
department website: https://math.illinois.edu/
overview of college admissions & requirements: Liberal Arts & Sciences
college website: https://las.illinois.edu/
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.
Undergraduate programs in Mathematics
for the degree of Bachelor of Science in Liberal Arts & Sciences, Major in Actuarial Science
Departmental distinction: To qualify for distinction, the student must have a grade point average in ASRM 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.
General education: Students must complete the Campus General Education requirements including the campus general education language requirement.
Minimum required major and supporting course work: normally equates to 58-61 hours including 32-33 hours of actuarial courses beyond calculus.
Twelve hours of 300- or 400-level courses in the major must be taken on this campus.
Minimum hours required for graduation: 120 hours. Students will complete 40 hours of upper division coursework (these hours can be drawn from all elements of the degree).
or MATH 221
|Calculus III (or equivalent )|
|Select one of the following:||3|
|Intro Computing: Engrg & Sci|
|Intro Computing: Non-Tech|
|Introduction to Computer Science|
|ASRM 210||Theory of Interest (formerly MATH 210)||3|
|ASRM 401||Actuarial Statistics I||4|
|ASRM 402||Actuarial Statistics II||4|
|ASRM 406||Linear Algebra with Financial Applications (formerly MATH 410)||3|
|ASRM 450||Methods of Applied Statistics||3|
|Select four of the following:||12-13|
|Stochastic Processes for Finance and Insurance|
|Investments and Financial Markets (formerly MATH 476)|
|Basics of Statistical Learning|
|Loss Models (formerly MATH 478)|
|Casualty Actuarial Mathematics (formerly MATH 479)|
|Life Contingencies I|
|Life Contingencies II (formerly MATH 472)|
|Select an additional course from the above list or ASRM 499||3|
|FIN 221||Corporate Finance||3|
|Three additional courses from:||9|
|Fundamentals of Accounting|
|Inter Microeconomic Theory|
|Inter Macroeconomic Theory|
|Introduction to Insurance|
|Advanced Corporate Finance|
|Managing Fin Risk for Insurers|
|Employee Benefit Plans|
|Total Hours minimum||58|