Actuarial Science - Concentration
Department of Mathematics and Actuarial Science

Part of the Mathematics Master of Science Program

Required undergraduate courses:

• Calculus I, II and III
• Mathematical Reasoning or Financial Mathematics or Discrete Structures
• Linear Algebra
• Analysis or an approved probability course (comparable to Math 347)

These are distinct from the requirements listed below. Applicants must have completed at least two semesters of a standard calculus sequence (the equivalent of Math 231 and Math 232 at Roosevelt) before they will be considered for admission to the program. The other prerequisite courses may be completed after admission.

These requirements will be checked by the graduate advisor.

Required Courses

• Probability & Statistics I & II
• Actuarial Science Seminar

     Four courses chosen from:

• Actuarial Mathematics I & II
• Regression & Times Series
• Stochastic Processes
• Loss Models
• Survival Models
• ANOVA & Experimental Design
• Topics in Actuarial Mathematics

     Four additional graduate courses chosen from:

• Mathematics
• Accounting for Executives
• Macroeconomic Theory
• Microeconomic Theory
• Finance for Decision Makers
• Investment Theory
• Insurance and Risk Management in Industry
• Advanced Financial Instruments

Actuarial students may need to take Financial Mathematics, which does not carry graduate credit, as a prerequisite for Actuarial Mathematics I.

Consult the graduate advisor regarding courses taken previously; all eleven courses must be approved by the graduate advisor.

Exam Preparation

The Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) give a series of professional actuarial examinations. These examinations test an individual's competence in subjects such as probability, statistics, risk theory, and actuarial mathematics. The first few examinations help students evaluate their potential as actuaries. Those who pass usually have better opportunities for employment and higher starting salaries. Both societies also require supporting course work or examinations in economics, finance, and applied statistics (VEE requirements).

Our actuarial science courses and degree programs are designed with the requirements for certification by the SOA and the CAS in mind. See Becoming an Actuary or a Risk Analyst for more information about how our courses can be used to prepare for the societies' exams and to satisfy their VEE requirements.

Request Further Information

• Email Prof. Yao Wang or telephone at 847-619-8588
• Request a university catalog, information packet, or application for admission