Bachelor of Science in Actuarial Science

ID:MSE10019
Level:4-Year Bachelor's Degree
Duration:
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Admission Requirements

Entry requirements

A completed online undergraduate student application
Official transcripts of all secondary or post-secondary schools that you attended (high school or college) showing complete results from every year.
Official ACT/SAT highly recommended

English requirements

Minimum iBT TOEFL score of 82 with a minimum band score of 19
A 6.5 on the IELTS with a minimum band score of 6.0.

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Course Information

MSOE’s actuarial science degree teaches you how to manage and even avoid complex risks facing organizations today. You’ll use a combination of advanced mathematics with advanced computer programs, statistics, finance, probability and more.

Actuarial science includes a number of interrelated subjects, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming. In the last 30 years the field has undergone dramatic changes thanks to the growth of high-speed computers and software programs. In 2013, job search website CareerCast ranked actuary as the number one job in the United States based on environment, income, hiring outlook, physical demands and stress.

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Year One

Fall

AC 1103 - Introduction to Actuarial Science 3 credits
GS 1001 - Freshman Studies I 4 credits
MA 136 - Calculus I 4 credits
MA 1830 - Transition to Advanced Topics in Mathematics 4 credits

Winter

BA 1220 - Microeconomics 3 credits
GS 1002 - Freshman Studies II 4 credits
MA 137 - Calculus II 4 credits
MA 1840 - Computer Applications in Applied Mathematics 4 credits

Spring

BA 1015 - Business Performance Analysis 4 credits
GS 1003 - Freshman Studies III 4 credits
MA 2314 - Calculus III 4 credits
MA 2830 - Linear Algebra for Math Majors 4 credits

Year Two

Fall

BA 2331 - Business Law 3 credits
BA 2501 - Finance I 3 credits
MA 2323 - Calculus IV 3 credits
MA 2630 - Probability I for AS 4 credits
TC 342 - Professional Presentations 3 credits

Winter

BA 1710 - Introduction to Computer Programming 3 credits
BA 2442 - Management 3 credits
BA 2503 - Finance II 3 credits
MA 2631 - Probability II for AS 4 credits
MA 330 - Vector Analysis 3 credits

Spring

AC 2303 - AS Lab I: Applications of Probability 3 credits
BA 2222 - Macroeconomics 3 credits
BA 2505 - Finance III 3 credits
CH 103 - Principles of Chemistry 4 credits
MA 235 - Differential Equations 4 credits

Year Three

Fall

BA 3593 - Intermediate Finance 3 credits
BA 2710 - Database Management 3 credits
Elective (HU/SS) 3 credits
MA 2410 - Statistics for AS 4 credits
MA 380 - Advanced Differential Equations 3 credits

Winter

BA 2712 - Advanced Database Management 3 credits
BA 2730 - Business Programming I 3 credits
Elective (HU/SS) 3 credits
MA 2320 - Introduction to Graph Theory 3 credits
MA 390 - Financial Mathematics 4 credits

Spring

AC 3303 - AS Lab II: Applications of Financial Mathematics 3 credits
BA 3447 - Leadership 3 credits
MA 343 - Linear Programming 3 credits
MA 2411 - Time Series Analysis 4 credits
PH 2011 - Physics I - Mechanics 4 credits

Year Four

Fall

HU 432 - Ethics for Professional Managers and Engineers 3 credits
Elective (BA) 3 credits
Elective (HU/SS) 3 credits
Elective (MA) 3 credits
SS 461 - Organizational Psychology 3 credits

Winter

AC 4204 - Investment and Financial Markets 4 credits
AC 4923 - AS Capstone I 3 credits
BA 3591 - Intermediate Accounting 3 credits
Elective (MA) 3 credits
SS 467 - Social Psychology 3 credits

Spring

AC 4303 - AS Lab III: Applications of Investment and Financial Markets 3 credits
AC 4933 - AS Capstone II 3 credits
BA 4501 - Management Control Systems 3 credits
Elective (MA) 3 credits
Elective (HU/SS) 3 credits

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