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College of Arts & Sciences

Actuarial Science Major B.S.

  • Preparation for entering the actuarial profession
  • Strong business component
  • Preparation to pass the first actuarial examination before graduation
  • Careers in insurance industry, financial services (i.e. investment management, banking), health administration, energy corporations, environmental organizations, transportation and more

Admissions Information

Degree Requirements

Major code BS3105

Sample Curriculum

Faculty Contact: Dr. Todd Young

Program Overview

The following program is intended to prepare students for entering the actuarial profession. You should be prepared to pass the first actuarial examination before graduation. Visit BeAnActuary.org to see why actuarial science consistently ranks as one of the top five careers in the United States and to learn about the Society of Actuary examinations.

The program has a strong business component (with the addition of BUSL 2000 , MGT 3000 , MIS 2021 , and MKT 2020 , it satisfies the requirements for a Business minor) and is suitable if you plan to combine mathematics with a career in business. FIN 3270 , 3410 , 4610 , MATH 3400 and 4560 are recommended in addition to the required courses.

When planning a course of study in actuarial science, it is strongly recommended that you consult an adviser in the Mathematics Department.

Careers and Graduate School

The actuarial profession is consistently rated as one of the most desirable. Graduates of the actuarial sciences program are experts in managing risk in multiple industries. The diverse skills students gain with this degree will prepare them to pursue work in the insurance industry, whose function relies on the risk assessment skills of actuaries. Graduates also find satisfying work within financial services (i.e. investment management, banking), health administration, energy corporations (i.e. utilities, oil, gas), environmental organizations, and the transportation sector. Additional employers of actuarial sciences graduates include, but are not limited to, institutions of higher education, public accounting firms, labor unions, and investment firms.

Browse through dozens of internship opportunities and full-time job postings for Ohio University students and alumni on Bobcat CareerLink, OHIO’s key resource for researching jobs, employers, workshops, and professional development events.

Admissions Information

Freshman/First-Year Admission: No requirements beyond university admission requirements. However, it is strongly recommended that students satisfy at least one of the following before entering the program:

  • Have a least a 30 ACT Math score or a SAT Math score of 680 or above
  • Have scored at least a 3 on the AP Calculus AB exam
  • Have scored at least a 4 on the AP Statistics exam

Change to Program Policy: No selective or limited admission requirements. However, it is strongly recommended that students satisfy at least one of the following before transferring into the program:

  • Have a least a 30 ACT Math score or a SAT Math score of 680 or above
  • Have scored at least a 3 on the AP Calculus AB exam
  • Have scored at least a 4 on the AP Statistics exam
  • Attained Level 3 on the Math Placement Exam
  • Earned at least an A- in MATH 2301 or have an A- on an equivalent transfer course

External Transfer Admission: No requirements beyond university admission requirements. However, it is strongly recommended that students satisfy at least one of the following before entering the program:

  • Have a least a 30 ACT Math score or a SAT Math score of 680 or above
  • Have scored at least a 3 on the AP Calculus AB exam
  • Have scored at least a 4 on the AP Statistics exam
  • Earned at least an A- in a course equivalent to MATH 2301

Degree Requirements

University-wide Graduation Requirements

To complete this program, students must meet all University-wide graduation requirements.

Liberal Arts and Sciences Distribution Requirement

View the College-Level Requirements for the College of Arts & Sciences.

Program Requirements

For a B.S. degree with a major in actuarial science, a student must complete a total of at least 40 semester credit hours of mathematics courses.

Actuarial Science Requirements

Complete the following courses:

  • MATH 2301 - Calculus I Credit Hours: 4.0
  • MATH 2302 - Calculus II Credit Hours: 4.0
  • MATH 2500 - Introduction to Statistics Credit Hours: 4.0
  • MATH 3210 - Linear Algebra Credit Hours: 3.0
  • MATH 3300 - Calculus III Credit Hours: 4.0
  • MATH 3500 - Probability Credit Hours: 3.0
  • MATH 4500 - Theory of Statistics Credit Hours: 3.0
  • MATH 4510 - Applied Statistics Credit Hours: 3.0
  • MATH 4520 - Stochastic Processes Credit Hours: 3.0
  • MATH 4550 - Basic Principles of Actuarial Science Credit Hours: 3.0
Discrete Math

Complete one of the following courses:

  • CS 3000 - Introduction to Discrete Structures Credit Hours: 4.0
  • MATH 3050 - Discrete Mathematics Credit Hours: 3.0
Computing

Complete at least one of the following courses:

  • ET 2100 - Programming in C Credit Hours: 4.0
  • MATH 4530 - Statistical Computing Credit Hours: 3.0

Accounting, Economics, Finance, and Management

Complete the following courses:

  • ACCT 1010 - Foundations of Accounting Credit Hours: 3.0
  • ECON 1030 - Principles of Microeconomics Credit Hours: 3.0
  • ECON 1040 - Principles of Macroeconomics Credit Hours: 3.0
  • FIN 3000 - Foundations of Financial Management Credit Hours: 3.0
  • FIN 3310 - Risk and Insurance Credit Hours: 3.0
  • FIN 4360 - Life Insurance Credit Hours: 3.0
  • MGT 2000 - Introduction to Management Credit Hours: 3.0

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