Bachelor of Science in Actuarial Science
Angola, USA
BSc
DURATION
4 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
STUDY FORMAT
On-Campus
Key Summary
Manage risk with an actuarial science degree.
You may get a thrill from taking risks, but most businesses don’t. With the Bachelor of Science in Actuarial Science degree from Trine University, you can make a career out of helping determine how much risk is acceptable.
Actuaries analyze future events to help businesses and government institutions manage risk and uncertainty. In these uncertain times, there is more demand for actuaries than ever.
The experience: Foundations in math, probability, and finance
Courses in the Bachelor of Science in Actuarial Science program include the broad range of mathematics, statistics, and finance needed for success in the actuarial profession.
Students will learn to solve problems in a non-deterministic setting using appropriate statistical and probabilistic methods and to solve problems in a deterministic setting in finance and investments. They also will apply probabilistic and statistical tools and methods to areas such as finance, investments, insurance, and risk analysis.
The Bachelor of Science in Actuarial Science curriculum requires the completion of 44 hours of course work in addition to the 76 general education and additional hours for a total of 120 credit hours. The following courses are required for the actuarial science major:
General Education Requirements - 42 credit hours
MA 312 Historical Aspects of Mathematics
Select one:
- PH 224 University Physics I & PH 234 University Physics II
- CH 104 General Chemistry I & CH 114 General Chemistry II
- BIO 114 Principles of Biology I & BIO 124 Principles of Biology II
PHL 343 Logic
ECO 213 Microeconomics
ECO 223 Macroeconomics
Humanities Elective - 3 credit hours
ENG 143 College Composition or ENG 133 Technical Communication
HUM 203 Humanities Seminar
SP 203 Effective Speaking or COM 163 Interpersonal Communication
EXS 102 Lifetime Wellness
CSIT 163 Using Programming Languages to Solve Problems or CS 1113 Introduction to Object-oriented Programming
BA 213 Advanced Spreadsheets for Business
General Education Elective - 3 credit hours
Content Requirements - 45 credit hours
A grade of "C" or higher is required for each content course in the major.
- MA 134 Calculus I
- MA 164 Calculus II
- MA 213 Calculus III
- MA 233 Differential Equations
- MA 313 Linear Algebra
- MA 343 Sets and Logic
- MA 3093 Probability
- MA 393 Probability and Statistics
- MA 3193 Financial Mathematics
- MA 3293 Advanced Probability and Statistics
- MA 403 Advanced Calculus
- MA 4093 Actuarial Modeling (Capstone)
- FIN 303 Managerial Finance
- FIN 403 Investments
- UE 101 University Experience
Free Electives - 33 credit hours
The result: A successful career path in government, finance, or business
Graduates who eventually pass actuarial exams can be employed by the government or by any business that needs to manage financial risk, including insurance companies, consulting firms, large corporations, hospitals, banks, and investment firms.
According to the Bureau of Labor Services, in 2016 there were 23,600 actuarial jobs in the United States, which is projected to grow to 28,900 by 2026, a 22 percent increase. The median actuary’s salary is $102,880 per year.
Actuaries bridge the gap between mathematics and business in a way that no other career can.
The degree: Preparation for an actuarial career
The Bachelor of Science in Actuarial Science program at Trine University prepares students for a career as an actuary. Graduates will have the knowledge and skills to pass the preliminary exams P (Probability) and FM (Financial Mathematics) as given by the Society of Actuaries, or exams 1 and 2 as given by the Casualty Actuarial Society, as well as the foundation needed to prepare to pass the remaining exams offered by the societies.
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