Actuarial Science, Mathematics (BS)
Degree: Bachelor of Science
Major: Mathematics
Concentration: Actuarial Science
Program Code: 3438
About This Major...
The actuarial science concentration in mathematics prepares students for graduate work in actuarial science or to enter the job force. With some additional job-specific training, students entering the job market could function as actuaries in the insurance field or as applied statisticians working in areas such as risk management and marketing.
For more information on what you can do with this major, visit Career Services’ What to Do with a Major? resource.
All CMU baccalaureate graduates are expected to demonstrate proficiency in specialized knowledge/applied learning, quantitative fluency, communication fluency, critical thinking, personal and social responsibility, and information literacy. In addition to these campus-wide student learning outcomes, graduates of this major will be able to:
- Construct multi-step problem-solving strategies and communicate solutions effectively in written form. (Specialized Knowledge, Quantitative Fluency)
- Use statistical software (including calculators) to aid in problem-solving and investigation, and recognize its limitations. (Applied Learning, Critical Thinking)
- Apply appropriate statistical procedures and defend chosen assumptions. (Applied Learning, Personal and Social Responsibility)
- Draw statistical conclusions and evaluate the validity of others’ reported conclusions. (Critical Thinking, Information Literacy)
- Investigate, discuss, and respond to ethical and social challenges in a mathematical context. (Communication Fluency, Personal and Social Responsibility, Information Literacy)
- Communicate technical analyses to non-specialists. (Communication Fluency)
- Apply concepts of finance, economics, and risk management in statistical decision making. (Specialized Knowledge, Applied Learning)
Each section below contains details about the requirements for this program. Select a header to expand the information/requirements for that particular section of the program's requirements.
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Institutional Degree Requirements
The following institutional degree requirements apply to all CMU baccalaureate degrees. Specific programs may have different requirements that must be met in addition to institutional requirements.
- 120 semester hours minimum.
- Students must complete a minimum of 30 of the last 60 hours of credit at CMU, with at least 15 semester hours in major discipline courses numbered 300 or higher.
- 40 upper-division credits (an alternative credit limit applies to the Bachelor of Applied Science degree).
- 2.00 cumulative GPA or higher in all CMU coursework.
- A course may only be used to fulfill one requirement for each degree/certificate.
- No more than six semester hours of independent study courses can be used toward the degree.
- Non-traditional credit, such as advanced placement, credit by examination, credit for prior learning, cooperative education and internships, cannot exceed 30 semester credit hours for a baccalaureate degree. A maximum of 15 of the 30 credits may be for cooperative education, internships, and practica.
- Pre-collegiate courses (usually numbered below 100) cannot be used for graduation.
- Capstone exit assessment/projects (e.g., Major Field Achievement Test) requirements are identified under Program-Specific Degree Requirements.
- The Catalog Year determines which program sheet and degree requirements a student must fulfill in order to graduate. Visit with your advisor or academic department to determine which catalog year and program requirements you should follow.
- See “Requirements for Undergraduate Degrees and Certificates” in the catalog for a complete list of graduation requirements.
Essential Learning Requirements
(31 semester hours)
See the current catalog for a list of courses that fulfill the requirements below. If a course is an Essential Learning option and a requirement for your major, you must use it to fulfill the major requirement and make a different selection for the Essential Learning requirement.
| Code | Title | Semester Credit Hours |
|---|---|---|
| English 1 | ||
| ENGL 111 | English Composition I-GTCO1 | 3 |
| ENGL 112 | English Composition II-GTCO2 | 3 |
| Mathematics 1 | ||
| MATH 151 | Calculus I-GT-MA1 2 | 3 |
| History | ||
| Select one History course | 3 | |
| Humanities | ||
| Select one Humanities course | 3 | |
| Social and Behavioral Sciences | ||
| Select one Social and Behavioral Sciences course | 3 | |
| Select one Social and Behavioral Sciences course | 3 | |
| Fine Arts | ||
| Select one Fine Arts course | 3 | |
| Natural Sciences 3 | ||
| Select one Natural Sciences course with a lab | 4 | |
| Select one Natural Sciences course | 3 | |
| Total Semester Credit Hours | 31 | |
- 1
Must receive a grade of "C" or better and must be complete by the time the student has 60 semester hours.
- 2
This is a 5 credit course. 3 credits apply to the Essential Learning requirements and 2 credits apply to electives.
- 3
One course must include a lab.
Other Lower Division Requirements
(6 semester hours)
| Code | Title | Semester Credit Hours |
|---|---|---|
| Wellness Requirement | ||
| KINE 100 | Health and Wellness | 1 |
| KINA 1XX | Activity Course | 1 |
| Essential Learning Capstone 1 | ||
| ESSL 200 | Essential Speech | 1 |
| ESSL 290 | Maverick Milestone | 3 |
| Total Semester Credit Hours | 6 | |
- 1
Essential Learning Capstone must be taken after completion of the Essential Learning English and Mathematics requirements, and when a student has earned between 45 and 75 hours.
Foundation Courses
(8 semester hours)
| Code | Title | Semester Credit Hours |
|---|---|---|
| MATH 152 | Calculus II | 5 |
| CISB 241 | Introduction to Business Analysis | 3 |
| or STAT 241 | Introduction to Business Analysis | |
| Total Semester Credit Hours | 8 | |
Program Specific Degree Requirements
(54-55 semester hours, must maintain a 2.50 cumulative GPA or higher in coursework in this area. At most one “D” may be used in completing major requirements.)
| Code | Title | Semester Credit Hours |
|---|---|---|
| Core Courses | ||
| MATH 150 | Topics and Careers in Mathematics | 1 |
| MATH 225 | Computational Linear Algebra | 3 |
| MATH 253 | Calculus III | 4 |
| MATH 492 | Senior Capstone | 3 |
| Select four hours from the following: | 4 | |
| Beginning Programming and Beginning Programming Laboratory | ||
| CS1: Foundations of Computer Science | ||
| Introduction to Engineering Computer Science | ||
| Required Concentration Courses | ||
| CISB 341 | Quantitative Decision Making | 3 |
| CSCI 260 | Introduction to Database | 3 |
| ECON 201 | Principles of Macroeconomics-GTSS1 | 3 |
| ECON 415 | Econometrics | 3 |
| FINA 310 | Risk Management | 3 |
| STAT 301 | Computational Statistics | 3 |
| STAT 312 | Correlation and Regression | 3 |
| STAT 350 | Mathematical Statistics I | 3 |
| STAT 351 | Mathematical Statistics II | 3 |
| Concentration Electives | 12-14 | |
Choose four courses from the groups below. At least two courses must be from Group A and the remaining courses may be from either group. | ||
| Group A | ||
| Sampling Techniques | ||
| Design and Analysis of Experiments | ||
| Categorical Data Analysis | ||
| Introduction to Time Series | ||
| Group B | ||
| Introduction to Advanced Mathematics | ||
| Numerical Analysis | ||
| Fourier Analysis | ||
| Mathematical Modeling | ||
| Discrete Structures I | ||
| Managerial Finance 1 | ||
| Total Semester Credit Hours | 54-56 | |
- 1
Has prerequisite of ACCT 201: Principles of Financial Accounting
General Electives
All college level courses appearing on your final transcript, not listed above, that will bring your total semester hours to 120 hours, including 40 upper-division credit hours. 19-21 semester hours; 3-7 hours of upper division may be needed.
| Code | Title | Semester Credit Hours |
|---|---|---|
| MATH 151 | Calculus I-GT-MA1 | 2 |
| Select additional electives | 17-19 | |
| Total Semester Credit Hours | 19-21 | |
While the sequencing below culminates in a total of 119-121 semester credit hours, students must complete a minimum of 120 semester credit hours as required for completion of this degree, including satisfactory completion of all required courses. Plan to complete requirements with varying hour options accordingly.
| First Year | ||
|---|---|---|
| Fall Semester | Semester Credit Hours | |
| Select four credit hours from the following: | 4 | |
| Beginning Programming and Beginning Programming Laboratory | ||
| CS1: Foundations of Computer Science | ||
| Introduction to Engineering Computer Science | ||
| ENGL 111 | English Composition I-GTCO1 | 3 |
| Essential Learning - Social and Behavioral Sciences | 3 | |
| MATH 151 | Calculus I-GT-MA1 | 5 |
| Semester Credit Hours | 15 | |
| Spring Semester | ||
| ENGL 112 | English Composition II-GTCO2 | 3 |
| Essential Learning - History | 3 | |
| Essential Learning - Social and Behavioral Sciences | 3 | |
| KINA Activity | 1 | |
| MATH 150 | Topics and Careers in Mathematics | 1 |
| MATH 152 | Calculus II | 5 |
| Semester Credit Hours | 16 | |
| Second Year | ||
| Fall Semester | ||
| CISB 241 or STAT 241 | Introduction to Business Analysis or Introduction to Business Analysis | 3 |
| ECON 201 | Principles of Macroeconomics-GTSS1 | 3 |
| Essential Learning - Fine Arts | 3 | |
| Essential Learning - Humanities | 3 | |
| MATH 253 | Calculus III | 4 |
| Semester Credit Hours | 16 | |
| Spring Semester | ||
| CSCI 260 | Introduction to Database | 3 |
| ESSL 200 | Essential Speech | 1 |
| ESSL 290 | Maverick Milestone | 3 |
| Essential Learning - Natural Science with Lab | 4 | |
| KINE 100 | Health and Wellness | 1 |
| MATH 225 | Computational Linear Algebra | 3 |
| Semester Credit Hours | 15 | |
| Third Year | ||
| Fall Semester | ||
| CISB 341 | Quantitative Decision Making | 3 |
| FINA 310 | Risk Management | 3 |
| General Elective | 3 | |
| STAT 301 | Computational Statistics | 3 |
| STAT 350 | Mathematical Statistics I | 3 |
| Semester Credit Hours | 15 | |
| Spring Semester | ||
| Concentration Elective from Group A or B | 3 | |
| Essential Learning - Natural Science | 3 | |
| General Elective | 3 | |
| STAT 312 | Correlation and Regression | 3 |
| STAT 351 | Mathematical Statistics II | 3 |
| Semester Credit Hours | 15 | |
| Fourth Year | ||
| Fall Semester | ||
| Concentration Electives from Group A or B | 6-8 | |
| General Electives | 6 | |
| MATH 492 | Senior Capstone | 3 |
| Semester Credit Hours | 15-17 | |
| Spring Semester | ||
| Concentration Elective from Group A or B | 3 | |
| ECON 415 | Econometrics | 3 |
| General Electives | 5-7 | |
| Semester Credit Hours | 11-13 | |
| Total Semester Credit Hours | 118-122 | |
The following institutional degree requirements apply to all CMU baccalaureate degrees. Specific programs may have different requirements that must be met in addition to institutional requirements.
- 120 semester hours minimum.
- Students must complete a minimum of 30 of the last 60 hours of credit at CMU, with at least 15 semester hours in major discipline courses numbered 300 or higher.
- 40 upper-division credits (an alternative credit limit applies to the Bachelor of Applied Science degree).
- 2.00 cumulative GPA or higher in all CMU coursework.
- A course may only be used to fulfill one requirement for each degree/certificate.
- No more than six semester hours of independent study courses can be used toward the degree.
- Non-traditional credit, such as advanced placement, credit by examination, credit for prior learning, cooperative education and internships, cannot exceed 30 semester credit hours for a baccalaureate degree. A maximum of 15 of the 30 credits may be for cooperative education, internships, and practica.
- Pre-collegiate courses (usually numbered below 100) cannot be used for graduation.
- Capstone exit assessment/projects (e.g., Major Field Achievement Test) requirements are identified under Program-Specific Degree Requirements.
- The Catalog Year determines which program sheet and degree requirements a student must fulfill in order to graduate. Visit with your advisor or academic department to determine which catalog year and program requirements you should follow.
- See “Requirements for Undergraduate Degrees and Certificates” in the catalog for a complete list of graduation requirements.