BS in Mathematics: Option 1: Actuarial Science
This is an introduction on how to concentrate in actuarial studies as a mathematics undergraduate student. For official information on majoring in mathematics, please consult the university catalog, an actuarial studies advisor, and a professional academic advisor in PMA 4.101.
Most students wishing to enter the actuarial profession choose to major in mathematics within the College of Natural Sciences and concentrate in Actuarial Science.
Sample Course Plans
Each student has a unique background, individual strengths and weaknesses and varying goals, therefore, each student will have a unique course plan. This is an example of a freshman BS in Mathematics, Option 1: Actuarial Science major who wants to be an actuary and pass an actuarial exam as soon as possible (while preparing for as many professional exams as possible). This hypothetical student is claiming AP credit for differential calculus (M408N or M408D). Required core courses and electives are not included.
Sample Track – Pursuing SOA credential – Maximal Coverage with 1 Semester Calculus credit
Fall: M 408S (Integral Calculus for Science), ECO 304K (Microeconomics)
Spring: M 362K (Probability) - prepare for SOA Exam P and sit in May, ECO 304L (Macroeconomics), CS 303E (Elements of Computers and Programming)
Fall: M 329F (Interest Theory) - prepare for SOA Exam FM and sit in December, M325K or other upper level proof-based mathematics course
Spring: M 341 (Linear Algebra), M 339D (Intro to Financial Mathematics), ACC 310F (Accounting), find an internship for the summer
Fall: M 339W (Financial Mathematics), M 339U (Actuarial Contingent Payments I), M 378K (Mathematical Statistics), sit for SOA Exam IFM
Spring: M 339V (Actuarial Contingent Payments II), M 339J (Probability Models), M 378N (Generalized Linear Models), sit for SOA Exam LTAM, find an internship for the summer
Fall: M 349P (Actuarial Statistical Estimates) - sit for SOA Exam STAM, M 339C (Actuarial Case Studies), M 349R (Applied Regrssion and Time Series)
Spring: TBD Predictive Analytics, FIN 357, sit for SOA Exam SRM
This student will graduate with a BS in Mathematics, six exams passed, multiple full-time job offers, and fond memories of UT!
Sample Track – SOA credential – Minimum Coverage focused on Financial Math
Fall: M 408N, ECO 304K
Spring: M 408S, ECO 304L, CS 303E
Fall: M 325K, M 362K - prepare for SOA Exam P then sit in January
Spring: M 329F, M 341, ACC 310F
Fall: M 339D, M 371E
Spring: M 339W
Fall: M 339U, M 358K, FIN 357
Spring: M 339J, M 339V