Actuarial Program
Major & MinorsDraw a blue print to your success.
“Plan for what is difficult while it is easy; do what is great while it is small.” – Sun Tzu
Major
Actuarial Science: Requirements & Sample Schedule
Dual Degree / Double Major
Data Analytics
Data analytics applies fundamental scientific principles to the analysis of large, complex data sets. This rapidly growing field needs practitioners with expertise that cuts across core disciplines of computer science, mathematics and statistics and with highly developed critical-thinking, problem-solving and communication skills.
Data analytics includes the set of skills necessary to identify how to manage, represent and manipulate large and complex data stores; how to abstract, model and effectively analyze such data; and how to create quantitative visual cues to help explain and make informed decisions from those data. By making sense of a vast information landscape, data analytics has the potential to—and is already starting to—transform the way we understand and interact with the world.
Finance
- Finance is the study of how to allocate scarce resources over time, so as to satisfy people’s “consumption preferences”
- The financial officer has responsibility in such activities as funds and cost analysis, investments, the formulating of credit and other financial operating policies
Complementary Minors
Quantitative Economics
Economics offers an understanding of how the economy operates and provides a basis for informed opinions on many public issues. An undergraduate minor in quantitative economics provides good preparation for careers in government, business, organized labor, trade associations, or teaching in the social sciences. It also provides an excellent base for graduate work in any of the social sciences or in professional schools such as law and business administration.
e.g.:
- Econ 2001 – Principles of Microeconomics
- Econ 2002 – Principles of Macroeconomics
- Econ 4001 – Intermediate Microeconomic Theory
- Econ 4002 – Intermediate Macroeconomic Theory
- Econ 5410 – Econometrics I
- Econ 5420 – Econometrics II (optional, but recommended)
Detailed Requirements:
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Business
The Business Minor is designed to provide students in majors other than business with an understanding of the language and basic concepts of business. The minor consists of five courses, one each from the areas of accounting, finance, management & human resources, marketing and operations management.
- ACCTMIS 2000 – Foundations of Accounting
- BUSFIN 3120 – Foundations of Finance
- BUSMHR 3100 – Foundations of Management and Human Resources
- BUSMGT 3130 – Foundations of Operations Management
- BUSML 3150 – Foundations of Marketing
Detailed Requirements:
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Statistics
A demonstrated knowledge and working understanding of basic statistical techniques and methods is critical for students in many disciplines, including business, engineering, life sciences and social sciences. The undergraduate minor in statistics is designed as a valuable asset to enhance most undergraduate majors and career opportunities for their students.
* Actuarial Science students wishing to obtain a Statistics minor will need to meet with Jim Kilburg in Denney Hall Room 100 (or call 614-292-6961) for guidance on the new statistics minor and Stats Minor form approval.
Detailed Requirements:
Computer Information Science
Students interested in applying computing principles and practices in another discipline (in which they may be completing a major degree program) should consider completing the Computer & Information Science (CIS) Minor program. Some courses may overlap with a student’s current major. However, if you plan on overlapping then you should consult with the CSE advising office to confirm you do not need to take any extra classes.
Detailed Requirements:
Business Analytics
Business analytics is the process of transforming data into insights for better business decisions. The Business Analytics Minor provides an understanding of how to extract patterns to predict behavior and other business outcomes as well as the ability to make informed decisions using a data-driven approach.
Designed with extensive input from industry interested in hiring individuals to work with “big data,” the Business Analytics Minor is an opportunity for students across disciplines to complement their major with skills in this fast-growing and important field.
- BUSMGT 3331 – Business Analytics and Data Management
- BUSMGT 3332 – Business Analytics: Application of Predictive Analytics to Business Data
- BUSMGT 3333 – Business Analytics: Prescriptive Analytics and Optimization
- Two Elective Courses
Detailed Requirements:
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Insurance
The minor is designed to:
- Provide students with an opportunity to complement their major studies with a specialization in Insurance;
- Engage students from different majors to create an interdisciplinary classroom experience;
- Prepare students for various employment opportunities in the rapidly growing field of insurance.
15 Credit Hours (2 Required Courses, 3 Electives)
- BUSFIN 3300* – Introduction to Insurance and Risk, Available online AU/SP/SU
- BUSFIN 4310* – Commercial Property & Casualty Insurance, Available online AU/SP/SU
Suggested Electives:
- BUSFIN 4311 – Life and Health Insurance, Available online
- BUSFIN 4312 – Employee Benefits Plans, Available online
One Additional Elective from below:
- BUSFIN 4313 – Captive Insurance Company: Development, Structure and Operations
- BUSFIN 4265 – Financial Institutions
- BUSFIN 3400 – Introduction to Real Estate
- BUSFIN 4411 – Property Management
- BUSMGT 4234 – Service Operations
- ACCTMIS 3400 – Tax Accounting I
- BUSMHR 4326 – Compensation and Benefits Administration
- ECON 5860 – Health Economics
- CSCFFS 3260 – Family Financial Management: Theory and Practice
- CSCFF 4260 – Family Tax Planning
* See your advisor to waive pre-requisites for BusFin 3300 and BusFin 4310.
Detailed Requirements:
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Insights on Curriculum:
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