Courses: Required classes for a Major in Mathematics with an Actuarial Specialization

I. Lower Division:

• {MATH 1271 + 1272 + 2243 + 2263} OR {MATH 1371 + 1372 + 2373 + 2374}
• MATH 3283W
• CSE students take 2 physics classes PHYS 1301W + PHYS 1302W.
• CSE and CLA students are required to take a computer programming course: CSCI 1103 OR CSCI 1113 (the latter, C/C++ is recommended).

II. Upper Division Math:

• Algebra:
  • MATH 4242,
  • MATH Column X Algebra course (MATH 5248,
  • MATH 4281
• Analysis:
  • MATH 5651
  • MATH 5652
• Actuarial:
  • MATH 4065 *,
    
  • MATH 5067 (Fall) **,
    
  • MATH 5068 (Spring)
• CSE students: additional upper division Math course(s) such as:
  • MATH 5075 (Fall), MATH 5076 (Spring) - the latter is not required but recommended
  • MATH 4428 (Spring),
  • MATH 5485 (Fall), MATH 5486 (Spring) - the latter is not required
• CLA students: MATH 4997W
  • * MATH 4065 may be taken before "Multivariable Calculus" OR/AND "Sequences & Series"
  • ** MATH 4065 and MATH 5651 are prerequisites for MATH 5067/5068

III. VEE * Classes:

• VEE Economics: ECON 1101 + 1102 OR ECON 3101 + 3102
• VEE Corporate finance: FINA 3001 + 4221 prerequisites: ACCT 2050
• VEE Applied Statistical Methods: ECON 4261 ** prerequisites: ECON 3101 MATH 5651 MATH 4242
• * .VEE credits are granted by the Actuarial Societies ONLY if the required courses are passed with a grade of "B-" or higher. (VEE stands for "Validation by Educational Experience" - As part of the Professional Actuarial track, in addition to topics that are tested on the Actuarial Exams, there are topics that have to be studied by taking courses that are VEE approved).
• *** ECON 3101 + ECON 4261 can be considered as technical electives for CSE students

IV. Insurance classes: choose two out of three (INS 4100, INS 4101, INS 4200)

V. Actuarial Seminar: Tentative Start Date - Spring Semester 2012

This course will be offered as a 3 credit course, will be restricted to Juniors/Seniors and will be Writing Intensive. It will consist of four 3-week modules presented by practicing actuaries from four different insurance and Actuarial consulting companies in the Twin Cities. The course focuses on various actuarial topics including:

• policy holder behavior,
• new healthcare product impact on insurance premiums,
• profitability of an annuity,
• and loss triangles to estimate unpaid claims.

During each module students work on real life projects presented to them by the actuaries, engage in collaborative teamwork, and practice their business communication and presentation skills.

VI. Introduction to the Actuarial Profession: Tentative Start Date - Spring Semester 2012

This course will be a 15-week 1-credit course which includes 1-hour lectures from practicing actuaries, designed for freshmen who are considering becoming actuaries and for sophomores who are starting their first steps to accomplish their professional goals.

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Sample Schedule for CSE Mathematics Major with Actuarial Specialization

(CLA students substitute the two physics courses with four semesters of a foreign language, and MATH 4997W instead of MATH 5075 & 5076)

Year\Term	Fall	Spring	Summer
Freshmen	MATH 1271 OR 1371 [4] PHYS 1301W [4] ECON 1101	MATH 1272 OR 1372 [4] PHYS 1302W [4] CSCI 1113 OR 1103 [4] ECON 1102
Sophomore	MATH 2243 OR 2373 [4] MATH 2263 OR 2374 [4] MATH 2001 [1] ACCT 2050	MATH 3832W [4] MATH 4065 [4] FINA 3001 Option 1 : INS I + II OR Option 2 : only INS I	Study for Exam FM Take Exam FM Internship / Involvement / Activity
Junior	MATH 5651 MATH 4242 FINA 4221 Option 2 : INS II	MATH 5652 MATH Column X Algebra ECON 3101	Study for Exam P Take Exam P Actuarial Internship
Senior	MATH 5067 MATH 5075 ECON 4261	MATH 5068 MATH 5076 ACTUARIAL SEMINAR - Senior version	Study for Exam MLC Take Exam MLC

 

 

A selection of books used in actuarial courses.

Address: 127 Vincent Hall, 206 Church St. SE, Minneapolis, MN 55455     Phone: 612-625-2004     Contact the School of Math