Other Recommended Courses and Minors

Other Recommended Courses:

M 349R - Applied Regression and Time Series 

Introduction to simple and multiple linear regression and to elementary time-series models, including auto-regressive and moving-average models. Emphasizes fitting models to data, evaluating models, and interpreting results.

Prerequisite: Mathematics 339J or 339U, and 358K or 378K, with a grade of at least C- in each.

M 339C - Actuarial Case Studies

Introduces aspects of basic ratemaking, reserving, catastrophe modeling,and rate classification in a property & casualty actuarial context. Explores loss & premium trending, loss triangles, loss development, loss ratios, on-level premium, and accident year vs. calendar year vs. policy year data.

Prerequisite: Mathematics 329F with a grade of at least C-; and Mathematics 339J or 339U with a grade of at least C-.

 

Optional Minor and Certificates:

*Note these minors are not required by the Actuarial Science Degree Plan, but if you want to gain a better understanding of fields related to Actuarial Science you are welcome to take it. Example of a sample of classes to take for each minor is listed below. 

Risk Management Certificate

  • RM 357E - Introduction to Risk Management
  • RM 377 - Property-Liability Risk Management and Planning
  • ACC 310F - Foundations of Accounting (Required by actuarial degree) 
  • FIN 320F - Foundations of Finance (Required by actuarial degree)
  • M 339D - Introduction to Financial Mathematics for Actuaries (Required by actuarial degree)
  • M 339J - Probability Models with Actuarial Applications (Required by actuarial degree)

 Elements of Computing Certificate

  • C S 303E: Elements of Computers & Programming (Required by actuarial degree)
  • C S 313E: Elements of Software Design (requires C S 303E)
  • C S 324E: Elements of Graphics & Visualization (require C S 313E)
  • C S 327E: Elements of Databases (require C S 313E)
  • C S 329E: Elements of Data Visualization (require C S 313E)
  • C S 329E: Elements of Data Analytics (require C S 313E)

Business Minor

  • ACC 310F - Foundations of Accounting (Required by actuarial degree)
  • FIN 320F - Foundations of Finance (Required by actuarial degree)
  • MIS 302F - Foundations of Management Information Systems (Satisfied by CS 303E actuarial degree requirement)
  • LEB 320F - Foundations of Business Law
  • MAN 320F - Foundations of Management 
  • MKT 320F - Foundations of Marketing 

Certificate in Applied Statistical Modeling

  • M 362K - Probability I
  • M 358K - Applied Statistics
  • M 349R - Applied Regression
  • M 339J - Probability Models with Actuarial Applications
  • M 349P - Actuarial Statistical Estimate

More info: 

https://stat.utexas.edu/images/SSC/Certificates_and_Portfolios/SDS_CertificateRequirements_ASM_2022_July_2021.pdf