Bachelor of Science in Actuarial Sciences
Zouk Mosbeh, Lebanon
BSc
DURATION
3 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
USD 440 / per credit
STUDY FORMAT
On-Campus
Key Summary
About : The Bachelor of Science in Actuarial Sciences offers students a comprehensive understanding of risk management and mathematical finance. This program combines theoretical and practical knowledge needed for success in the actuarial field. Students engage in courses covering essential topics like probability, statistics, finance, and insurance principles.
Career Outcomes : Graduates can pursue roles in various sectors, including insurance, finance, and consulting. Potential career paths include actuary, risk analyst, data scientist, or financial consultant, enabling students to apply their skills in assessing risk and informing decision-making processes.
The mission of the Bachelor of Actuarial Sciences program is to:
- Produce graduates who can contribute significantly to the financial security of individuals and corporations through proper training on how to identify, quantify, assess, and manage risk.
- Provide students with a curriculum aligned in content and rigor with the learning outcomes of the Society of Actuaries. Such a program prepares our graduates to successfully write at least three of the preliminary exams of the SOA, leading toward professional designations from international actuarial societies.
- Provide students with the theoretical background needed to qualify them to pursue graduate-level education in Actuarial Science or related fields.
Program Educational Objectives
Graduates of the Bachelor's Degree in Actuarial Sciences will be well-prepared to:
- Establish a professional career as a leader actuary or member of teams who provide prudent decisions for advanced business, financial, and actuarial problems.
- Have in-depth knowledge of fundamental principles of the theories and techniques of scientific and Actuarial Sciences methodologies to describe, evaluate, and analyse actuarial, financial, and statistical problems.
- Have interpersonal skills needed for productive teamwork and effective communication in the actuarial practice.
- Earn a graduate degree in Actuarial Sciences or a related field, and receive professional certification by sitting for some of the professional actuarial exams of international actuarial societies.
- Identify, evaluate, and address legal and ethical conduct promulgated by the Actuarial profession and international actuarial societies.
Liberal Arts Curriculum (27cr.)
- English and Arabic Communication (9cr.)
- Religion (3cr.)
- Ethics (3cr.)
- Cultural Studies and Social Science (6cr.)
- Citizenship (3cr.)
- Applied and Life Sciences (3cr.)
Core Requirements (27cr.)
- ACO 201 Principles of Accounting I
- ECN 211 Principles of Microeconomics
- ECN 212 Principles of Macroeconomics
- MAT 206 Financial Mathematics
- MAT 213 Calculus III
- MAT 215 Linear Algebra I
- MAT 224 Calculus IV
- MAT 235 Ordinary Differential Equations
- CSC 210 Fundamentals of Computer Programming with Python
Major Requirements (32cr.)
- ACS 300 Actuarial Problem Solving
- ACS 310 General Insurance
- ACS 314 Actuarial Mathematics I
- ACS 324 Actuarial Mathematics II
- ACS 375 Modelling Techniques in Actuarial Practice
- ACS 424 Actuarial Modeling
- ACS 450 Actuarial and Data Sciences
- ACS 480 Actuarial Internship
- MAT 325 Elements of Probability
- STA 312 Statistics Modeling
- STA 315 Mathematical Statistics
- STA 370 Stochastic Processes
Technical Electives (6cr.)
- ACO 202 Principles of Accounting II
- BAF 311 Principles of Financial Management I
- BAF 312 Principles of Financial Management II
- CSC 212 Program Design and Data Abstraction I
- CSC 226 Introduction to Database
- CSC 310 Data Visualization
- MAT 339 Numerical Analysis
Free Electives (2cr.)
- An ability to apply techniques of mathematics, probability, and statistics to identify, formulate, and solve problems relevant to actuarial practices.
- An ability to formulate, implement, and test an actuarial model using sound scientific methodology, subject to economic, accounting, regulatory, and financial constraints.
- An ability to describe an actuarial, financial, or statistical problem, gather relevant data, evaluate its reliability, analyze it, and draw conclusions.
- An ability to effectively write and orally communicate a technical report and give efficient presentations to a specialized or general audience.
- An ability to understand the ethical and professional aspects of the actuarial profession, as well as the impact of professional and scientific development on social welfare.
- An ability to function effectively on teams, establish goals, plan tasks, meet deadlines, and analyze risk and uncertainty.
Students enrolled in the BS degree program will be well-prepared to undergo a series of actuarial science examinations, leading to the ASA and ACAS designations conferred by the American Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Additionally, they will benefit from Validation by Educational Experience (VEE) credits approved for courses in "Economics," "Mathematical Statistics," and "Accounting Finance," which are required for attaining the abovementioned designations.