Actuarial Science, BA

Requirements

  • At least four courses in Actuarial Science must be completed at Roosevelt University.
  • All courses presented for the major must be completed with C- or higher grades with an overall GPA of 2.0 or higher. A maximum of two grades of C- may be presented for the major.
  • The BA degree requires a Finance minor (for non-Business majors)
  • Students completing a Bachelor of Arts degree in Actuarial Science must take at least one professional exam prior to graduation. Proof should be submitted to the chair.
  • All credit must be approved by the department to be applied toward the major.

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, which 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 prep.
  • ACSC 390 INDUSTRIAL RESEARCH PROBLEMS is recommended as an experiential learning course, as is ACSC 349 REGRESSION & TIME SERIES.
  • ACSC 348 MATHEMATICAL STATISTICS satisfies the Mathematical Statistics VEE requirement provided a student earns a grade of B- or higher.
  • Students are encouraged to do an actuarial, financial, programming, or statistical internship prior to graduation.

The major sequence for the Bachelor of Arts degree is given below.

Core
ACSC 101ACTUARIAL CAREER1
MATH 231CALCULUS I5
MATH 232CALCULUS II5
MATH 233CALCULUS III3
ACSC 246LINEAR ALGEBRA3
ACSC 347PROBABILITY THEORY3
ACSC 348MATHEMATICAL STATISTICS3
ACSC 349REGRESSION & TIME SERIES3
ACSC 367FINANCIAL MATH3
ACSC 380FMACTUARIAL SCIENCE SEMINAR:EXAM FM/23
or ACSC 380P ACTUARIAL SCIENCE SEMINAR: EXAM P/1
Select two of the following:6
DATA MINING
COOPERATION AND COMPETITION -- GAME THEORY AND APPLICATIONS
LINEAR PROGRAMMING & OPTIMIZATION
ADVANCED EXCEL METHODS
MODELS FOR LIFE CONTINGENCIES
TOPICS IN ACTUARIAL MATH
ACTUARIAL SCIENCE SEMINAR:EXAM FM/2
ACTUARIAL SCIENCE SEMINAR: EXAM P/1
INDUSTRIAL RESEARCH PROBLEMS ((EXL course))
Required Programming Course
CST 150COMPUTER SCIENCE I4
VEE requirement (part of Finance minor)
ECON 101PRINCIPLES OF ECONOMICS I (fulfills portion of social science gen ed requirement)3
ECON 102PRINCIPLES OF ECONOMICS II (fulfills portion of social science gen ed requirement)3
FIN 311PRINCIPLES OF FINANCE3
FIN 321INVESTMENTS3
Additional Courses for the Finance Minor
ACCT 210INTRODUCTION TO FINANCIAL ACCOUNTING3
FIN 301MONEY AND BANKING3
FIN 3XX3
General Education, University Writing Requirement, and Electives57
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)

 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).

Students should begin and continue in the calculus sequence: MATH 121 COLLEGE ALGEBRA, MATH 122 TRIGONOMETRY AND PRECALCULUS, MATH 231 CALCULUS I, MATH 232 CALCULUS II, MATH 233 CALCULUS III . Students should take ACSC 367 FINANCIAL MATH and ACSC 347 PROBABILITY THEORY as soon as they compete MATH 232 CALCULUS II; note that ACSC 367 FINANCIAL MATH is offered in odd-numbered fall terms, and ACSC 347 PROBABILITY THEORY is offered in even numbered fall terms.

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
ENG 1013ENG 1023
MATH 12153Ideas of Social Justice3
ACSC 1011CST 15054
Physical Science23MATH 1223
FYS 1011ACCT 2103
ECON 1013 
 14 16
Year 2
FallCredit HoursSpringCredit Hours
ECON 1023ACSC 2463
MATH 23155FIN 3013
Humanities #13FIN 3113
COMM 1013MATH 23255
Social Science #3 (ECON 234 recommended)3 
 17 14
Year 3
FallCredit HoursSpringCredit Hours
MATH 23353ACSC 380FM or 380P3
ACSC 36763FIN 3213
General Elective13Humanities #23
ACSC 34763ACSC 3483
ACSC 3XX33Experiential Learning #143
 15 15
Year 4
FallCredit HoursSpringCredit Hours
BIOL 111 or 11224ACSC 3XX33
Humanities #33General Elective13
FIN 3XX33General Elective13
ACSC 349 (EXL course)3General Elective13
General Elective13General Elective1
 16 13
Total Credit Hours 120

 A three-year degree plan is shown below for the well-prepared student who has the time available to take 18-credits in the fall and spring terms as well as the ability to take summer courses.

Year 1
FallCredit HoursSpringCredit HoursSummerCredit Hours
ENG 1013ENG 1023Social Science #33
ACCT 2103Ideas of Social Justice3Physical Science33
ACSC 1011CST 1504 
FYS 1011MATH 2325 
MATH 2315ECON 1023 
ECON 1013  
 16 18 6
Year 2
FallCredit HoursSpringCredit HoursSummerCredit Hours
MATH 2333ACSC 2463FIN 398 or ACSC 3953
COMM 1013ACSC 3483 
FIN 3113FIN 3213 
ACSC 3473ACSC 380FM3 
ACSC 3673General Elective 3 
FIN 3013Experiential Learning #1 (ACSC 390 suggested)43 
 18 18 3
Year 3
FallCredit HoursSpringCredit HoursSummerCredit Hours
ACSC 349 (EXL course)3Humanities Course #23General Elective3
ACSC 3XX33ACSC 3XX33General Elective3
FIN 3XX33Humanities Course #33 
BIOL 11124General Elective13 
Humanities #13General Elective13 
General Elective11General Elective13 
 17 18 6
Total Credit Hours 120
1

Or course towards an optional Minor.

2

One Natural Science course must have a lab.

3

Any course at the 300 Level within the discipline.

4

Experiential Learning class must be 200/300 level. Students are encouraged to take ACSC 390 INDUSTRIAL RESEARCH PROBLEMS along with the required ACSC 349 REGRESSION & TIME SERIES course to satisfy their Experiential Learning requirements.

5

Where a student begins their math sequence depends on their placement, and so some students will start in MATH 231 CALCULUS I instead.  Students should take this sequence of courses each semester until they complete MATH 232 CALCULUS II; they should take MATH 233 CALCULUS III in the next possible fall term.

6

ACSC 347 PROBABILITY THEORY and ACSC 367 FINANCIAL MATH should be taken in the first fall term that occurs after a student completes MATH 232 CALCULUS II.