School of Natural Sciences and Mathematics

Actuarial Science (B.S.)

A new degree in Actuarial Science is being offered in Fall 2009.

Students receive a rigorous mathematical background including all the major courses taken by students majoring in mathematics or statistics. Further, ten courses devoted to finance, economics, applied statistics, insurance and actuarial science are required. Upon completion of this program, a student will have the knowledge and business background necessary to pursue a career as an actuary, as well as to undertake graduate study in actuarial science, statistics, mathematics, economics or finance.

Bachelor of Science in Actuarial Science Degree Requirements (120 hours)

I. Core Curriculum Requirements1

  1. Communication (6 hours)
    3 hours Communication (RHET 1302)
    3 hours Business Communication (BA 3311)
  2. Social and Behavioral Sciences (15 hours)
    6 hours Government (GOVT 2301 and 2302)
    6 hours American History
    3 hours Social and Behavioral Sciences Elective (ECON 2301)
  3. Humanities and Fine Arts (6 hours)
    3 hours Fine Arts (ARTS 1301)
    3 hours Humanities (HUMA 1301)
  4. Mathematics and Quantitative Reasoning (6 hours)
    6 hours Calculus (MATH 2417 and 2419)
  5. Science with at least 1 hour of laboratory (9 hours)
    PHYS 2325/PHYS 2325/PHYS 2125
    Mechanics with Laboratory
    or PHYS 2421/2125 Honors Physics I - Mechanics and Heat with Laboratory
    or CHEM 1311/1111 General Chemistry I with Laboratory
    PHYS 2326/2126 Electromagnetism and Waves with Laboratory
    or PHYS 2422/2126 Honors Physics II - Electromagnetism and Waves with Laboratory
    or CHEM 1312/1112 General Chemistry II with Laboratory
  6. And an additional acceptable science course

1 Curriculum Requirements can be fulfilled by other approved courses from accredited institutions of higher education. The courses listed in parenthesis are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at UT Dallas.

II. Major Requirements: 66 hours

Major Preparatory Courses (21 hours)

AIM 2301 Introductory Financial Accounting
CS 1337 Computer Science I
ECON 2302 Principles of Microeconomics
MATH 2418* Linear Algebra
MATH 2420* Differential Equations with Applications
MATH 2451* Multivariable Calculus with Applications

Major Core Courses (45 hours)

ACTS 4301 Actuarial Science
ACTS 4302 Principles of Actuarial Models
ACTS 4304 Principles of Actuarial Methods
BA 3341 Business Finance
BA 4346 Investment Management
BA 4354 Insurance and Risk Management
MATH 3310 Theoretical Concepts of Calculus
MATH 3311 Abstract Algebra I
MATH 3379 Complex Variables
MATH 4301 Mathematical Analysis I
MATH 4302 Mathematical Analysis II
MATH 4334 Numerical Analysis
STAT 3355 Data Analysis for Statisticians and Actuaries
STAT 4351 Probability
STAT 4382 Stochastic Processes

III. Elective Requirements: 12 hours

Both lower- and upper-division courses may count as electives, but the student must complete at least 51 hours of upper-division credit to qualify for graduation. Students may choose two of the following courses:
ACTS 4306 Actuarial Probability as Problem Solving
ACTS 4308 Actuarial Financial Mathematics as Problem Solving
AIM 2302 Introductory Management Accounting
AIM 3331 Intermediate Financial Accounting I
BA 3351 Introduction to Management Information Systems
BA 3390 Quantitative Methods in Finance
BA 4345 Financial Markets and Institutions
BA 4347 Applied Corporate Finance
BA 4348 Options and Futures Markets
BA 4350 Personal Financial Planning
ECON 4330 Law and Economics
STAT 4352 Mathematical Statistics

All students are required to take at least six hours of advanced electives outside their major field of study. These must be either upper-division classes or lower-division classes that have prerequisites.

Preparation for Actuarial Exams

Exam 1: STAT 4351 and ACTS 4306
Exam 2: BA 3341, BA 4346 and ACTS 4308
Exam 3 (Life Contingencies part): ACTS 4301
Exam 3 (Financial part): ACTS 4302
Exam 4: ACTS 4304

Validation by Educational Experience (VEE) Credits

Applied Statistical Methods: STAT 3355 and STAT 4382
Corporate Finance: BA 3341
Economics: ECO 2301 and ECO 2302