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Actuarial Mathematics - B.S.

Kent State University
Program overview
4 years
Full time
Bachelor's degree
Scholarships available

Start dates
Kent
Fall

Kent
Spring

About this program

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.

Admission requirements

Freshman Students on the Kent Campus:

The freshman admission policy on the Kent Campus is selective. Admission decisions are based upon the following: cumulative grade point average, ACT and/or SAT scores, strength of high school college preparatory curriculum and grade trends. The Admissions Office at the Kent Campus may defer the admission of students who do not meet admissions criteria but who demonstrate areas of promise for successful college study. Deferred applicants may begin their college coursework at one of seven regional campuses of Kent State University.

Freshman Students on the Regional Campuses:

Kent State campuses at Ashtabula, East Liverpool, Geauga, Salem, Stark, Trumbull and Tuscarawas, as well as the Twinsburg Academic Center, have open enrollment admission for students who hold a high school diploma, GED or equivalent.

English Language Proficiency Requirements for International Students:

All international students must provide proof of English language proficiency (unless they meet specific exceptions) by earning a minimum 525 TOEFL score (71 on the Internet-based version), minimum 75 MELAB score, minimum 6.0 IELTS score, minimum 48 PTE score or minimum 100 DET score; or by completing the ESL level 112 Intensive Program.


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Program content

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

Scholarships & funding

Several scholarship options are available. Please visit the university's website for more information.

Tuition

Undergraduate

  • Tuition fees for Ohio residents: $11,587 USD per year
  • Tuition fees for residents of other states and international students: $20,463 USD per year

Qualification

Graduates of this program will be able to:

  1. Reason mathematically by using precise definitions, articulating assumptions and reasoning logically to conclusions.
  2. Engage effectively in problem solving by exploring examples, assessing the correctness of solutions and interpreting solutions in an actuarial context.
  3. Define, interpret and apply standard actuarial notation, terminology and formulas.
  4. Analyze various streams of cash flows, both certain and contingent.
  5. Apply methods from probability, statistics and stochastic processes to the solution of problems in actuarial science, finance and economics.
  6. Communicate solutions of mathematical problems clearly, both orally and in writing.
  7. Employ commonly used computer programming languages and software packages to solve problems in actuarial science, finance and economics.
  8. Demonstrate fundamental knowledge of finance, economics and accounting.

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About this institute

Kent State University

At Kent State University, people hail from every corner of the globe to do work that paves the way for a brighter tomorrow. Here, you’ll find world-class faculty serving as researchers and mentors, alumni leaders in business, healthcare, education, and...


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Contact info

Kent State University

800 E Summit St
44242 Kent Ohio
United States of America

 Show phone number
www.kent.edu

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Want to know more about Actuarial Mathematics - B.S.? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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