Curriculum

I. Lower Division

  • {MATH 1271 +1272 +2243 +2263} or {MATH 1371 +1372 +2373 +2374}
  • MATH 3283W or (MATH 2283 supplemented by an upper division writing intensive class in the major)
  • CSE students take 2 physics classes PHYS 1301W + PHYS 1302W.
  • CSE and CLA students are required to take a computer programming course:  CSCI 1113, CSCI 1133, CSCI 1103. Those who plan to major in CSCI and/or Statistics need CSCI 1113.
  • CSE and CLA students take both courses: STAT 3021 + STAT 3032 Regression - R skills

II. Upper Division Math

Algebra:

  • MATH 4242
  • Abstract Algebra course (like MATH 5248, MATH 4281)

Analysis:

  • MATH 5651 or STAT 5101 (syllabus covers majority of material for actuarial Exam P - Probability)
  • MATH 5652

Actuarial:

  •  MATH 4065 (syllabus covers the majority of material for actuarial Exam FM - Financial Mathematics - may be taken before "Multivariable Calculus" OR/AND "Sequences & Series")
  • MATH 5067 (Fall - combined with MATH 5068, syllabus covers the majority of material for actuarial Exam LTAM - Long Term Actuarial Mathematics )
  • (MATH 4065 and MATH 5651 are prerequisites for MATH 5067/5068)
  • MATH 5068 (Spring - combined with MATH 5067, syllabus covers the majority of material for actuarial Exam LTAM - Long Term Actuarial Mathematics )
  • STAT 5102 (does not replace MATH 5652) = VEE Mathematical Statistics (prerequisite STAT 5101 or MATH 5651)

CLA students: MATH 4997W

 

III. Validation by Educational Experience (VEE) Classes

As part of the Professional Actuarial track, the Society of Actuaries and the Casualty Actuarial Society requires that these VEE topics are fulfilled independently of the exam process through courses at an approved university (like the University of Minnesota). VEE credits are granted ONLY if the required courses are passed with a grade of "B-" or higher.

  • VEE Economics: ECON 1101 + 1102 
  • Econ 3101 may be substituted for Econ 1101, Econ 3102 may be substituted for Econ 1102
  • VEE Accounting & Finance: ACCT 2050 + FINA 3001 
  • VEE Mathematical Statisitics: STAT 5102 (does not replace MATH 5652) prerequisite: STAT 5101 or MATH 5651

IV. Insurance classes

Choose one out of the two following courses:

  • INS 4100 Corporate Risk Management
  • INS 4200 Insurance Theory and Practice

V. Math 4067W Actuarial Mathematics in Practice

In this unique course students learn to integrate knowledge and skills from various disciplines and apply them to solve real world problems from various actuarial segments. This Writing Intensive course consists of three five-week modules led by practicing actuaries. The course's setting mimics a business environment, where students learn a variety of problem solving techniques for uncertain scenarios, are presented with problems and are asked to make decisions or recommendations based on a series of assumptions. Students also learn to enhance their communication and interpersonal/teamwork skills by working in teams and presenting their results to the practitioner actuaries leading the modules as well as to other students who participate in the course.

This course satisfies the upper-division writing intensive requirement, but not the upper-division math requirement.

VI. Math 5075 Mathematics of Options, Futures, and Derivative Securities I (recommended)

Offered Fall Semester Only - syllabus covers majority of material for actuarial Exam IFM - Investment and Financial Markets