Actuarial Science, BS

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.
  • 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 science minor or supporting sequence will result in at least 60 semester hours.)
  • The BS degree requires both a minor in Finance and an additional minor or 15 credit hour supporting sequence in a science. Computer Science is strongly recommended. Approved areas for the BS degree are:

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.
  • ACSC 390 INDUSTRIAL RESEARCH PROBLEMS is recommended as an experiential learning course, as is the required ACSC 349 REGRESSION & TIME SERIES  course.
  • 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, 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 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)
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 3XX3
Required Programming Course May be used as part of the minor/supporting sequence, if CST is chosen
CST 150COMPUTER SCIENCE I4
Additional science minor or supporting sequence requirements
Select five sequence courses in an area of science (computer science is recommended)15
COMPUTER SCIENCE I
COMPUTER SCIENCE II recommended
CST 2XX
COMPUTER SCIENCE ELECTIVE
DATA MINING (Can count either in CST minor or as an ACSC elective, but not both) recommended
DATABASE SYSTEMS recommended
General Education, University Writing Requirement, and Elective courses42
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 ALGEBRAMATH 122 TRIGONOMETRY AND PRECALCULUSMATH 231 CALCULUS IMATH 232 CALCULUS IIMATH 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
FYS 1011Ideas of Social Justice3
MATH 12143CST 1504
ACSC 1011MATH 12243
Physical Science 13ECON 1023
ECON 1013 
 14 16
Year 2
FallCredit HoursSpringCredit Hours
ACCT 2103FIN 3013
MATH 23145MATH 23245
COMM 1013ACSC 2463
Humanities #13FIN 3113
Social Science #3 (ECON 234 recommended)3 
 17 14
Year 3
FallCredit HoursSpringCredit Hours
MATH 23343ACSC 380FM or 380P3
ACSC 34753FIN 3213
ACSC 36753Science Minor or Sequence3
Science Minor or Sequence3Experiential Learning #1 (ACSC 390 recommended)33
Science Minor or Sequence3ACSC 3483
 15 15
Year 4
FallCredit HoursSpringCredit Hours
BIOL 111 or 11214ACSC 3XX23
FIN 3XX23ACSC 3XX23
Humanities Course #23Humanities Course #33
Science Minor or Sequence3Science Minor or Sequence3
ACSC 349 (EXL #2)3Elective1
 16 13
Total Credit Hours 120
1

One Natural Science course must have a lab.

2

Any course at the 300 Level within the discipline.

3

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

4

Where a student begins their math sequence depends on their placement, so some students will start in MATH 231 CALCULUS I.  Students should take the appropriate 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.

5

Students should take ACSC 347 PROBABILITY THEORY and ACSC 367 FINANCIAL MATH in the first fall term that occurs after they complete MATH 232 CALCULUS II.