Program Requirement for Actuarial Science at Spring Arbor University
Friday, February 27th, 2009Program Requirements
The 68-hour actuarial science major requires:
23 hours in mathematics:
MAT 201 Calculus I (4)
MAT 202 Calculus II (4)
MAT 302 Vector Calculus (3)
MAT 351 Statistics (3)
MAT 352 Linear Algebra (3)
MAT 363 Theory of Statistics I (3)
MAT 364 Theory of Statistics II (3)
10 hours in computer science:
CPS 201 Foundations of Computing I (4)
CPS 202 Foundations of Computing II (3)
CPS 301 Data Systems and Large Software Systems (3) OR
BUS 260 Microcomputer Applications
6 hours in accounting:
ACC 221 Principles of Accounting I (3)
ACC 222 Principles of Accounting II (3)
6 hours in economics:
ECN 201 Principles of Economics – Macroeconomics (3)
ECN 202 Principles of Economics – Microeconomics (3)
15 hours in business:
BUS 325 Principles of Management (3)
BUS 362 Principles of Finance (3)
BUS 366 Insurance and Risk Management (3)
BUS 418 Investments (3)
BUS 452 Forecasting (3)
8 hours in specialized actuarial science courses:
ACT 107 Introduction to Actuarial Science (1)
ACT 385 Practicum in Actuarial Science (4)
ACT 452 SOA Exam Review (3)
Validation by Educational Experience (VEE)**
In addition, candidates for the Society of Actuaries (SOA) certifications are required to validate their knowledge and skills in the following three topics in addition to the four Preliminary Education examinations (Probability, Financial Mathematics, Actuarial Models, Construction and evaluation of Actuarial Models). The three topics and the corresponding coursework are listed below:
VEE – Applied Statistical Models (MAT 351, BUS 451)
VEE – Corporate Finance (BUS 362, BUS 418)
VEE – Economics (ECN 201, ECN 202)
Candidates must receive a grade of B- or better in each course unless otherwise noted by SOA.
**The actuarial science major includes coursework that prepares students to obtain VEE credit, which is required for SOA certifications. Students who have completed the coursework listed should be prepared to take the first two preliminary examinations (Probability, Financial Mathematics).
Note on general education: MAT 201 Calculus I is required for this major and also meets the requirement for one of the two natural science liberal arts courses.