Actuarial Mathematics – Mission Statement
The Bryant Actuarial Mathematics program is designed to prepare students for success in the actuarial field. Our student-centered curriculum promotes academic excellence with a rigorous course of study that emphasizes critical thinking, problem solving, statistical analysis skills, and strong business acumen.
MAJOR IN ACTUARIAL MATHEMATICS OBJECTIVES
Students who complete the Actuarial Mathematics major will:
- Demonstrate competence in the fundamental probability tools for assessing risk quantitatively.
- Demonstrate a basic understanding of the theory of interest, pension and insurance systems.
- Demonstrate competence in relevant statistical software.
- Demonstrate effective consulting skills (problem solving, oral and written presentations).
This Actuarial Mathematics major provides a foundation of analytical and communication skills that enables graduates to seek a career as an actuary or in actuarial related fields such as insurance, pensions, banking, and other financial service organizations. The combination of a strong mathematical foundation and a strong business and liberal arts background provides students with the necessary skills to succeed in these fields. Courses include advanced topics such as Interest Theory, Actuarial Mathematics, Advanced Probability and Statistics, and Pension Fundamentals.
ACTUARIAL MATHEMATICS LEARNING GOALS
The Actuarial Mathematics program prepares students for success in the actuarial field by promoting the following learning goals:
- Coursework that prepares students for at least four exams given by the Society of Actuaries with an expectation that a student will successfully complete two exams by graduation.
- Coursework that requires a minor in a business discipline that develops leadership, communication, and teamwork skills, enabling the student to secure one or more actuarial internships prior to graduation.
- Coursework that emphasizes statistical skills and allows the student to complete the SAS Certification program.
- Coursework that emphasizes strong computer skills for business applications.
Bachelor of Science with an Actuarial Mathematics Major Degree Requirements:
| Actuarial Mathematics Major Requirements | ||
Required Courses: | ||
| AM 230 | Actuarial Statistics I (Course can be used in place of MATH 201 in Gen Ed) | 3 |
| AM 231 | Actuarial Statistics II | 3 |
| AM 332 | Actuarial Statistics III | 3 |
| AM 340 | Mathematical Interest Theory I | 3 |
| AM 342 | Mathematical Interest Theory II | 3 |
| AM 421 | Life Contingencies I | 3 |
| MATH 226 | Linear Algebra | 3 |
| MATH 354 | Software Application for Mathematics | 3 |
One Exam Seminar from the following: 1 | ||
| AM 393 | Exam P Seminar | 2 |
| AM 394 | Exam FM Seminar | 2 |
| AM 492 | Advanced Actuarial Mathematics Seminar Exam LTAM | 2 |
| AM 493 | Advanced Actuarial Mathematics Seminar STAM | 2 |
Choose 3 Advanced Topics in Actuarial Mathematics from the following: | ||
| AM 333 | Advanced Probability | 3 |
| AM 422 | Life Contingencies II | 3 |
| AM 440 | Actuarial Mathematical Models and Stochastic Calculus | 3 |
| AM 451 | Pension Fundamentals | 3 |
| AM 471 | Fundamentals of Property and Casualty Reserving | 3 |
| AM 481 | Ratemaking | 3 |
| Business Minor Requirement | ||
| Electives | ||
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Any student who passes two professional actuarial exams will be able to waive the two credit exam seminar preparation course requirement. The student must show evidence to the Department Chair that two exams were successfully completed to obtain the waiver.
A minimum of 35 credit hours is required for the major.
A minimum of 122 credit hours required for graduation.