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Actuarial Science
As an Actuarial Science major, you’ll master the art of analyzing risk and uncertainty using statistics, mathematics, and probability to solve real-world business challenges. From predicting financial trends to designing insurance models, you’ll develop the critical analytical and problem-solving skills needed for high-impact careers in finance, insurance, and risk management. With a degree in actuarial science, you’ll be at the forefront of data-driven decision-making—helping businesses and industries navigate the future with confidence!
Experiential Learning
- Intern at companies such as Country Financial, RLI, AIG, and Pekin Insurance
- Networking and professional development through Gamma Iota Sigma risk management association, the Financial Management Association, and Phi Chi Theta business fraternity Gamma Iota Sigma
Program Details
Required Courses – 30 hrs.
- MTH 121: Calculus I (4 hrs.)
- MTH 122: Calculus II (4 hrs.)
- MTH 223: Calculus III (4 hrs.)
- MTH 207: Elementary Linear Algebra with Applications (3 hrs.)
- MTH 325: Probability and Statistics I (3 hrs.)
- MTH 326: Probability and Statistics II (3 hrs.)
- MTH 335: Topics in Actuarial Science (3 hrs.)
- MTH 335: Topics in Actuarial Science (repeated under different topics) (3 hrs.)
- MTH 427: Applied Statistical Methods (3 hrs.)
Elective Programming Courses (choose one) – 3 or 4 hrs.
- MIS 175: introduction to Developing Business Applications (3 hrs.)
- CS 100: Introduction to Programming Concepts and Languages (3 hrs.)
- CS 101: Introduction to Programming (4 hrs.)
- CIS 102: Introduction to Computer Information Systems with Basic (3 hrs.)
Elective Tools Courses (choose one) – 3 hrs.
- QM 326: Business Forecasting( 3 hrs.)
- QM 364: Decision Support Systems (3 hrs.)
- FIN 426: Financial Research and Modeling (3 hrs.)
- ECO 319: Introduction to Econometrics (3 hrs.)
- MTH 435: Stochastic Processes (3 hrs.)
- IME 313: Operations Research 1 (3 hrs.)
Elective Courses (choose three) – 9 hrs.
- ECO 301: Money and Banking (3 hrs.)
- FIN 325: Investment Analysis (3 hrs.)
- FIN 327: Derivatives (3 hrs.)
- FIN 328: Financial Institutions and Markets (3 hrs.)
- FIN 423: Advanced Business Finance (3 hrs.)
- FIN 425: Portfolio Theory (3 hrs.)
- ASB 315: Risk and Insurance (3 hrs.)
Additional Requirements
All students must sit for at least one professional actuarial exam administered by the Society of Actuaries.
Career Opportunities
Graduates are working for companies such as State Farm, John Deere, Deloitte, Blue Cross Blue Shield and Willis Towers Watson.
Minors
The decision analysis minor, which is open to all students, gives you a basic understanding of the mathematical and measurement tools valuable to making sound decisions in whatever career you choose. You take courses in quantitative analysis, then you can customize the minor to your career interests.
Finance minors obtain a fundamental understanding of making informed decisions about money. The minor is open to all students, and it enhances your financial decision-making skills as you pursue your chosen major. It shows you the importance of monetary and financial factors in business functions. The minor is often paired with business majors.