Actuarial Science, BS/MS Mathematics

Students completing the accelerated BS in Actuarial Science and MS in mathematics will complete the BS in Actuarial Science with minors in both Finance and Computer Science in their first four years.  In their fifth year they will complete the MS degree in Mathematics with their choice of  concentration in either Statistics or Computer Science.

Requirements

  • At least four courses in Actuarial Science must be completed at Roosevelt University.
  • A student completing a Bachelor of Science degree in Actuarial Science must take at least one professional exam prior to graduation. Proof should be submitted to the department chair.
  • All credit must be approved by the department to be applied toward the major.
  • At least 60 semester hours must be in actuarial science, mathematics, computer science, natural sciences and/or psychology. (Note that typically fulfilling the standard general education requirements, the major requirements, and the computer science minor will result in at least 60 semester hours.)
  • The BS degree  with an accelerated MS requires both a minor in Finance and an additional minor in Computer Science (computer science courses must be numbered above 115.)
  • All courses presented for the undergraduate major must be completed with C- or higher grades with an overall GPA of 2.0 or higher in undergraduate coursework. A maximum of two grades of C- may be presented for the undergraduate major.
  • At most two grades of C or C+ are allowed in graduate courses; all other graduate coursework must have a grade of B- or higher, with a graduate GPA of at least 3.0.
  • The completed degree requires a total of 33 credit hours of graduate coursework (which includes the 9 credit hours of graduate courses taken as an undergraduate).

Recommendations

  • Appropriate supporting courses in computer science, economics, and finance are recommended.
  • Students should prepare to take an actuarial professional exam early in their degree plan, as this is often a requirement for actuarial internships. Both ACSC 367 FINANCIAL MATH and ACSC 347 PROBABILITY THEORY correspond to the content of the first two of these actuarial professional exams; the corresponding seminar courses ACSC 380FM ACTUARIAL SCIENCE SEMINAR:EXAM FM/2   and ACSC 380P ACTUARIAL SCIENCE SEMINAR: EXAM P/1 aid in exam preparation.
  • Students are encouraged to take ACSC 390 INDUSTRIAL RESEARCH PROBLEMS as part of their experiential learning coursework.
  • Students are encouraged to do an actuarial, computing, financial, or statistical internship prior to graduation.
Core
ACSC 101ACTUARIAL CAREER1
MATH 231CALCULUS I5
MATH 232CALCULUS II5
MATH 233CALCULUS III3
ACSC 246LINEAR ALGEBRA3
ACSC 309DATA MINING (Will be graduate Math 409)3
ACSC 347PROBABILITY THEORY3
ACSC 348MATHEMATICAL STATISTICS3
ACSC 349REGRESSION & TIME SERIES (Will be graduate Math 449)3
ACSC 367FINANCIAL MATH3
ACSC 380FMACTUARIAL SCIENCE SEMINAR:EXAM FM/23
or ACSC 380P ACTUARIAL SCIENCE SEMINAR: EXAM P/1
Select one of the following:3
COOPERATION AND COMPETITION -- GAME THEORY AND APPLICATIONS
LINEAR PROGRAMMING & OPTIMIZATION
ADVANCED EXCEL METHODS
MODELS FOR LIFE CONTINGENCIES
TOPICS IN ACTUARIAL MATH
INDUSTRIAL RESEARCH PROBLEMS
ACTUARIAL SCIENCE SEMINAR:EXAM FM/2
ACTUARIAL SCIENCE SEMINAR: EXAM P/1
VEE requirement (part of Finance minor)
ECON 101PRINCIPLES OF ECONOMICS I (fulfills a portion of the social science gen ed requirement)3
ECON 102PRINCIPLES OF ECONOMICS II (fulfills a portion of the social science gen ed requirement)3
FIN 311PRINCIPLES OF FINANCE3
FIN 321INVESTMENTS3
Additional requirements for the Finance minor
ACCT 210INTRODUCTION TO FINANCIAL ACCOUNTING3
FIN 301MONEY AND BANKING3
FIN 3XX FINANCE ELECTIVE3
Computer science minor
CST 150COMPUTER SCIENCE I4
CST 250COMPUTER SCIENCE II Recommended4
CST 2XXCOMPUTER SCIENCE ELECTIVE3
CST 333DATABASE SYSTEMS Recommended3
CST 3XXCOMPUTER SCIENCE ELECTIVE3
General Education, University Writing Requirement, and Elective courses44
Total Credit Hours120

CORE Requirements (General Education)

First Year Success Course or Transfer Success Course
FYS 101FIRST YEAR SUCCESS COURSE1
or TRS 101 TRANSFER SUCCESS 101
Communication Requirement
ENG 101COMPOSITION I: CRITICAL READING & WRITING3
ENG 102COMPOSITION II: INTRODUCTION TO ACADEMIC RESEARCH3
COMM 101PUBLIC SPEAKING (or program specific CORE communications course)3
Ideas of Social Justice
3 credits in coursework categorized as Ideas.3
Humanities and Fine and Performing Arts 2, 3
9 credits from the following subject areas: African-American Studies, Art History, English (excluding ENG 101 and ENG 102), History, Languages, Music, Philosophy, Theatre, Communication and Women's and Gender Studies9
Mathematics
MATH 110QUANTITATIVE LITERACY (or above) 13
Science
One biological science and one physical science required (one must include a one credit lab).7-8
Social Sciences 2,3
9 credits from the following subject areas: African-American Studies, Criminal Justice, Economics, History, Journalism, Philosophy, Political Science, Psychology, Sociology and Women's and Gender Studies9
Experiential Learning
6 credits from coursework categorized as Experiential Learning. 6
Total Credit Hours47-48
1

Higher level of Math may be required by major

2

Coursework must come from outside of students' major discipline

3

A maximum of 9 credits can be applied from a single discipline towards humanities and social science requirements

These quantitative requirements also apply to degrees.

  • Students must earn a minimum of 120 semester hours.
  • Students may apply no more than 60 credit hours of 100-level courses toward the degree.
  • Students must apply no fewer than 60 credit hours of 200- and 300-level courses toward the degree.
  • Students must have at least 18 credit hours (of the 60 credit hours above) at the 300 level.
  • Students may transfer in no more than 70 credit hours from community colleges.
  • Students earning less than 60 total hours in residence must take their final 30 hours at Roosevelt University. Note that some majors have additional requirements for RU hours.
  • Students must have a grade point average of 2.0 or higher to graduate. Note that some majors have additional GPA requirements.
  • Students may apply no more than 51 hours in the major (BA) or 57 hours in the major (BS)

Requirements for MS

Students completing the MS in mathematics must choose a concentration in either computer science or statistics.  Three of the graduate courses (MATH 448 PROBABILITY AND STATISTICS II, MATH 449 REGRESSION & TIME SERIES, and MATH 409 DATA MINING) must be taken during the senior year of undergraduate and will be used for graduate credit in the MS.

Computer Science Concentration

As computer technology evolves, so do the mathematical applications including probability and statistics, numerical analysis, data analytics, cryptography, neural networks, genetic algorithms, bioinformatics, and other fields of scientific computing. Students interested in working with computers while pursuing their MS in mathematics have the option of combining at least 18 credit hours of mathematics course work with up to 15 credit hours in computer science for a total of 33 credit hours.  In this accelerated degree, nine of those credit hours are completed during the junior or senior year, and the remaining 24 are completed after the undergraduate degree is complete.

Requirements

The completed degree requires a total of 33 credit hours of graduate course work.

Core 2
MATH 409DATA MINING3
MATH 430NUMERICAL ANALYSIS 13
Electives
Select four to seven courses from among the following options: 212-21
HISTORY OF MATHEMATICS
NUMBER THEORY
INTRODUCTION TO ABSTRACT ALGEBRA
GAME THEORY AND APPLICATIONS
OPERATIONS RESEARCH 1
STOCHASTIC PROCESSES 1
ADVANCED PROBABILITY 1
PROBABILITY AND STATISTICS II
REGRESSION & TIME SERIES 1
ANOVA & EXPERIMENTAL DESIGN 1
TOPICS IN ACTUARIAL MATH 1
SPECIAL TOPICS
INDUSTRIAL APP OF MATH
Select the remaining courses (for an overall total of eleven courses) from among the following: 215-6
BIG DATA
ADVANCED ALGORITHMS
CRYPTOGRAPHY
INTERNET SECURITY
DISTRIBUTED DATABASES
CST 472
SPECIAL TOPICS
INTELLIGENT SYSTEMS
COMPUTER GRAPHICS
INFORMATION RETRIEVAL 1
Total Credit Hours33
1

At least six courses must be listed exclusively at the graduate level.

2

Substitutions may be made with advisor approval.

Statistics Concentration

The concentration in statistics prepares graduates for diverse and vital areas that may include medical research, drug testing, environmental risk assessment, quality assurance, economic forecasting, and the exploration of space. Students interested in applying statistics to other fields while pursuing their MS in mathematics have the option of combining at least 24 credit hours of mathematics course work with up to 9 credit hours in a cognate field (such as biology, chemistry, computer science, economics, education, finance, psychology, or sociology) for a total of 33 credit hours.  In this accelerated degree, nine of those graduate credit hours are completed during the junior or senior year, and the remaining 24 are completed after the undergraduate degree is complete.

REQUIREMENTS

The completed degree requires a total of 33 hours of graduate course work.

Core 2
MATH 430NUMERICAL ANALYSIS 13
MATH 446STOCHASTIC PROCESSES 13
MATH 447ADVANCED PROBABILITY 13
MATH 448PROBABILITY AND STATISTICS II3
MATH 449REGRESSION & TIME SERIES 13
MATH 457ANOVA & EXPERIMENTAL DESIGN 13
Electives
Select two of the following: 26
DATA MINING
GAME THEORY AND APPLICATIONS
LINEAR PROGRAMMING & OPTIM
OPERATIONS RESEARCH 1
DERIVATIVES MARKETS 1
LOSS MODELS 1
TOPICS IN ACTUARIAL MATH
SPECIAL TOPICS
INDUSTRIAL APP OF MATH
Three electives from mathematics or approved cognate fields9
Total Credit Hours33
1

At least six courses must be listed exclusively at the graduate level.

2

Substitutions may be made with advisor approval.

Your degree map is a general guide suggesting courses to complete each term on the academic pathway to your degree. It is based on the most current scheduling information from your academic program. Your program’s degree map is reviewed annually and updated as schedules change (although you retain the same course requirements as long as you are continuously enrolled in your degree program).

Always work closely with your academic advisor to understand curriculum requirements and scheduling, as each student’s academic plan can look slightly different.

Year 1
FallCredit HoursSpringCredit Hours
FYS 1011Ideas of Social Justice3
ENG 1013ENG 1023
ECON 1013ECON 1023
Physical Science63CST 1504
MATH 12173MATH 1223
ACSC 1011 
 14 16
Year 2
FallCredit HoursSpringCredit Hours
ACCT 2103FIN 3013
MATH 2315MATH 2325
Humanities #13ACSC 2463
COMM 1013BIOL 111 or 11264
Social Science #3 (ECON 234 recommended)3 
 17 15
Year 3
FallCredit HoursSpringCredit Hours
MATH 2333ACSC 380FM or 380P53
FIN 3113MATH 4483
CST 2504Experiential Learning #113
Humanities #23FIN 3213
ACSC 3473CST 2XX3
 16 15
Year 4
FallCredit HoursSpringCredit Hours
MATH 4093CST 3333
MATH 449 (EXL #2)3Humanities #33
ACSC 3673CST 3XX3
Actuarial Elective33General Elective3
FIN 3XX23General Elective3
 15 15
Year 5
FallCredit HoursSpringCredit Hours
MATH 4463MATH 4573
MATH 4303MATH 4XX3
Cognate Area43Cognate Area43
Cognate Area43MATH 4XX3
 12 12
Total Credit Hours 147
1

ACSC 390 INDUSTRIAL RESEARCH PROBLEMS recommended

2

Any 300-level FIN course

3

Or a general elective if the EXL course was ACSC 390 INDUSTRIAL RESEARCH PROBLEMS

4

Or any 400-level Math course

5

Students must take a professional exam, ideally in the end of their junior year.

6

One Natural Science course must be a lab course.

7

Students should begin taking the calculus sequence in order based on their placement.  Students who place into MATH 122 TRIGONOMETRY AND PRECALCULUS, MATH 231 CALCULUS I, MATH 232 CALCULUS II, or MATH 233 CALCULUS III should begin in that course in their first semester, taking subsequent courses each following semester until this sequence is complete.