OHIO University Undergraduate Catalog 2021-22
[Archived Catalog]
Mathematics—Actuarial Science Major (B.S.) |
Major code BS3105
College of Arts and Sciences
Department of Mathematics
Morton Hall 321
Athens, OH 45701
Phone: 740.593.1254
Fax: 740.593.9805
mathematics@ohio.edu
www.ohio.edu/cas/math
Todd Young, contact person
youngt@ohio.edu
Program Overview
The following program is intended to prepare students for entering the actuarial profession and related careers in the insurance industry. You should be prepared to pass at least two actuarial examinations before graduation.
The program has a strong finance component and with the addition of FIN 3270
, and FIN 3410
it satisfies the requirements for a Finance Minor
. When planning a course of study in actuarial science, it is strongly recommended that you consult an advisor in the Mathematics Department.
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 Actuaries examinations. Graduates from the program also find employment opportunities in other businesses where it is important to manage risk.
We recommend students take as many of the following courses as time allows:
MATH 3400 - Elementary Differnetial Equations MATH 4560 - Life Contingencies (preparation for SOA MLC/CAS LC exams)
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 actuarial science program:
- Have at 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 of Program Policy
No selective or limited admission requirements. However, it is strongly recommended that students satisfy at least one of the following before entering the actuarial science program:
- Have at 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
- Completed MATH 2301, 2302, 3300 with no grade less than a B
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 actuarial science program:
- Have at 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
- Completed a calculus sequence with no grade less than a B
Opportunities Upon Graduation
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 Handshake , OHIO’s key resource for researching jobs, employers, workshops, and professional development events.
Requirements
Universitywide Graduation Requirements
To complete this program, students must meet all Universitywide graduation requirements .
Liberal Arts and Sciences Distribution Requirement
View the College and Liberal Arts and Sciences Distribution Requirements .
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
- MATH 2302 - Calculus II Credit Hours: 4
- MATH 2500 - Statistics and Probability Credit Hours: 4
- MATH 3200 - Applied Linear Algebra Credit Hours: 3
-
OR
- MATH 3210 - Linear Algebra Credit Hours: 3
- MATH 3300 - Calculus III Credit Hours: 4
- MATH 3500 - Probability Credit Hours: 3
- MATH 3560 - Theory of Interest Credit Hours: 3
- MATH 4500 - Theory of Statistics Credit Hours: 3
- MATH 4510 - Applied Statistics Credit Hours: 3
- MATH 4550 - Basic Principles of Actuarial Science Credit Hours: 3
Discrete Math
Complete one of the following courses:
- CS 3000 - Introduction to Discrete Structures Credit Hours: 4
- MATH 3050 - Discrete Mathematics Credit Hours: 3
Computing
Complete at least one of the following courses:
- ET 2100 - Engineering Programming Credit Hours: 4
- MATH 4530 - Statistical Computing Credit Hours: 3
Accounting, Economics, Finance, and Management
Complete the following courses:
- ACCT 1010 - Foundations of Accounting Credit Hours: 3
- ECON 1030 - Principles of Microeconomics Credit Hours: 3
- ECON 1040 - Principles of Macroeconomics Credit Hours: 3
- FIN 3000 - Introduction to Corporate Finance Credit Hours: 3
- FIN 3310 - Risk and Insurance Credit Hours: 3
- FIN 4360 - Life Insurance Credit Hours: 3