Actuarial Mathematics - B.S.
Kent State University
Key Information
Campus location
Kent, USA
Languages
Request info
Study format
On-Campus
Duration
4 years
Pace
Full time
Tuition fees
Request info
Application deadline
Request info
Earliest start date
Request info
Introduction
Actuarial Mathematics - B.S.
The Bachelor of Science degree in Actuarial Mathematics prepares students for the actuarial profession. Actuaries are professionals who manage risk. They predict the likelihood of future events and model the financial impact of future scenarios. They find creative ways to mitigate the undesirable effects of future events. Although most actuaries are employed in the insurance and financial industries, many others work in the transportation, environmental, medical and manufacturing industries, as well as in government.
The Actuarial Mathematics major is highly interdisciplinary, integrating substantial coursework in business, computing and communications with a solid core of mathematics and statistics. Kent State University is one of only four institutions in Ohio to receive the Universities and Colleges with Actuarial Programs-Advanced Curriculum designation from the Society of Actuaries. The Kent State program prepares students for the first four of a series of examinations to receive professional certification as an actuary.
Admissions
Scholarships and Funding
Several scholarship options are available. Please visit the university's website for more information.
Curriculum
Semester One
- Introduction to Human Communication (KADL)
- Analytic Geometry and Calculus I (KMCR)
- Destination Kent State: First Year Experience
Computer Science Elective
Kent Core Requirement
Semester Two
- Analytic Geometry and Calculus II
- Decision-making Under Uncertainty
- Linear Algebra
Kent Core Requirement
Kent Core Requirement
Semester Three
- Principles of Microeconomics (KSS)
- Analytic Geometry and Calculus III
- Mathematical Theory of Interest
- Proofs in Discrete Mathematics
Foreign Language
Semester Four
- Principles of Macroeconomics (KSS)
- Ordinary Differential Equations
- Probability Theory and Applications
Kent Core Requirement
Foreign Language
Semester Five
- Introduction to Financial Accounting
- Actuarial Mathematics I (ELR) (WIC)
Mathematics Elective
Kent Core Requirement
Semester Six
- Business Finance
- Theory of Statistics
- Actuarial Mathematics II
Kent Core Requirement
Kent Core Requirement
Semester Seven
Allied Area Elective
Mathematics Elective
Kent Core Requirement
General Electives
Semester Eight
- Applied Econometrics I (ELR)
- Stochastic Actuarial Models
General Electives
Program Outcome
Graduates of this program will be able to:
- Reason mathematically by using precise definitions, articulating assumptions and reasoning logically to conclusions.
- Engage effectively in problem solving by exploring examples, assessing the correctness of solutions and interpreting solutions in an actuarial context.
- Define, interpret and apply standard actuarial notation, terminology and formulas.
- Analyze various streams of cash flows, both certain and contingent.
- Apply methods from probability, statistics and stochastic processes to the solution of problems in actuarial science, finance and economics.
- Communicate solutions of mathematical problems clearly, both orally and in writing.
- Employ commonly used computer programming languages and software packages to solve problems in actuarial science, finance and economics.
- Demonstrate fundamental knowledge of finance, economics and accounting.