Roosevelt University in Chicago, Schaumburg and Online - Logo

Actuarial Science, BS

Offered in: CHICAGO | SCHAUMBURG

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

Admission

Advanced placement in mathematics is possible for well-prepared students.

Standards

All courses presented for the major and the minor(s) must be completed with grades of C- or higher with an overall GPA of 2.0 in the major. A maximum of two grades of C- may be presented for the major. Repeated courses in the major or minor require specific approval of the department chair. The average grade for all courses taken in actuarial science and mathematics must be C- or higher. Note that although the major only requires a grade of C- or above for graduation, ECON 101, ECON 102, FIN 311, FIN 321, and ACSC 349 must be passed with a grade of B- or above in order to fulfill VEE requirements for the CAS (Casualty Actuarial Society) and the SOA (Society of Actuaries). Students with a grade of C+ or below in any of ECON 101, ECON 102, FIN 311, FIN 321, or ACSC 349 are strongly encouraged to retake the course in order to earn a grade of B- or above.

Requirements

  • At least four courses in actuarial science must be completed at Roosevelt University.
  • Students 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.
  • The BS degree requires both a minor in Finance and also an additional minor or 15 credit hour supporting sequence. This additional minor or sequence must be in an area of science other than mathematics (biology, chemistry, computer science, data analytics, physical science, physics, and psychology); computer science is strongly recommended. Note that computer science courses at or below CST 115 and physical science at or below PHSC 102 will not count towards this supporting sequence.
  • 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 along with the major and concentration requirements will result in at least 60 semester hours.)

  ACSC 246 Linear Algebra .....3
  ACSC 347 Probability Theory .....3
  ACSC 348 Mathematical Statistics .....3
  ACSC 349 Regression and Time Series .....3
  ACSC 367 Financial Mathematics .....3
  ACSC 380 Actuarial Science Seminar (FM or P) .....3
  CST 150 Computer Science I .....4
  MATH 231 Calculus I .....5
  MATH 232 Calculus II .....5
  MATH 233 Calculus III .....3
Two additional courses from the following list:
  ACSC 309 Data Mining .....3
  ACSC 323 Cooperation and Competition .....3
  ACSC 328 Linear Programming and Optimization .....3
  ACSC 369 Models for Life Contingencies .....3
  ACSC 378 Topics in Actuarial Mathematics .....3
  ACSC 380 Actuarial Science Seminar (FM or P) .....3

Additional Minor Requirements

  Five sequence courses in an area of science other than MATH (computer science is recommended) .....15
  CST 150 Computer Science I .....4
  CST 250 Computer Science II .....4
  CST 2XX Computer Science Elective .....3
  CST 309 Data Mining .....3
  CST 333 Database Systems .....3

VEE Requirement (part of Business Minor)

  ECON 101 Principles of Economics I .....3
  ECON 102 Principles of Economics II .....3
  FIN 311 Principles of Finance .....3
  FIN 321 Investments .....3

  • There are a total of 65-72 credits in this degree; 33 in the major, 21 in the required Finance minor, and 12-18 in the science minor. Note that a student who has transferred in four credit hour Calculus I and II courses may have 63 credits.
  • Appropriate supporting courses in computer science, economics, and finance are recommended.
  • The one credit Introduction to Actuarial Science course is strongly recommended for all majors.
  • Students are encouraged to do an actuarial, financial, or statistical internship prior to graduation.

General Education Requirements

Academic Communities of Practice

  ACP 101 First-Year Seminar .....3
  ACP 110 Primary Texts .....3
  ACP 250 Grounds for Change .....3

English Composition (minimum grade of C- required)

  ENG 101 Composition I: Critical Reading and Writing .....3
  ENG 102 Composition II: Introduction to Academic Research .....3

Humanities

  Nine semester hours total required from these subject areas: African-American Studies, Art History, English (excluding 100, 101 and 102), History, Languages, Music, Philosophy, Theatre, Speech and Women's and Gender Studies .....9

Mathematics

  MATH 110 Math 110 or above (Math, Computer Science & Technology, and Science majors have different requirements -- see advisor). .....3

Non-Western requirement

  Non-Western course (can be used for Humanities or Social Sciences general education requirements) .....3

RU mission-related course (minimum grade of C- required)

  LIBS 201 Writing Social Justice .....3

Science

  One biological science and one physical science required; at least one must be a four-hour lab (not applicable for science majors) TOTAL: at least 7 science hours .....7-8

Social Sciences

  Nine semester hours total required from these subject areas: African-American Studies, Anthropology, Economics, History, Journalism, Philosophy, Political Science, Psychology, Sociology and Women's and Gender Studies .....9

Total hours for general education

  .....46

These quantitative requirements also apply to degrees in the College of Arts and Sciences:

  • Students may apply no more than 60 semester hours of 100-level courses toward the degree.
  • Students must apply no fewer than 60 semester hours of 200- and 300-level courses toward the degree.
  • Students must have at least 18 semester hours (of the 60 semester hours above) at the 300 level.
  • Students may transfer in no more than 66 semester hours from community colleges.
  • Students 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 must have a minimum of 90 hours in Arts and Sciences.