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/


email: ASRM-advising@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

Actuarial Science, BSLAS

Mathematics, BSLAS

Mathematics & Computer Science, BSLAS

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).

Calculus through: 11-12
Calculus
Calculus I
Calculus II
Calculus III (or equivalent )
Select one of the following:3
Intro Computing: Engrg & Sci
Intro Computing: Non-Tech
Introduction to Computer Science
ASRM 210Theory of Interest (formerly MATH 210)3
ASRM 401Actuarial Statistics I4
ASRM 402Actuarial Statistics II4
ASRM 406Linear Algebra with Financial Applications (formerly MATH 410)3
ASRM 450Methods of Applied Statistics3
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 4993
FIN 221Corporate Finance3
Three additional courses from:9
Fundamentals of Accounting
Inter Microeconomic Theory
Inter Macroeconomic Theory
Introduction to Insurance
Financial Markets
Advanced Corporate Finance
Property-Liability Insurance
Managing Fin Risk for Insurers
Employee Benefit Plans
Total Hours minimum58