Department of Mathematics and Statistics

Minor in Actuarial Science

The interdisciplinary minor is designed to help students start a career in actuarial science.  Students completing the minor of actuarial science will have a good foundation in the material needed for the actuarial industry's first two exams and will have completed three of the industry's required Validation by Educational Experience (VEE) requirements. The minor is designed for current USM students who are interested in actuarial science and can be used to satisfy the Core Curriculum Advanced Studies requirement. 

Minimum number of credits required for the minor: 32.

Required courses in Mathematics and Statistics  (17 cr) Credits
     MAT 152 Calculus A 4
     MAT 153 Calculus B 4
     MAT 281 Introduction to Probability 3
     MAT 282 Statistical Inference 3
     MAT 485 Introduction to Regression and Forecasting 3
Required courses in Business and Economics (15 cr)   
 
    ECO 101 Introduction to Macroeconomics 3
    ECO 102 Introduction to Microeconomics 3
    ACC 110 Financial Accounting 3
    FIN 320 Basic Financial Management 3
    FIN 323 Financial Engineering 3
Other Relevant Courses  
    RMI 320 Introduction to Risk Management and Insurance 3
    FIN 327 Investment Management 3
    MAT 252 Calculus C 4
    MAT 264 Statistical Software Packages 2
    MAT 295 Linear Algebra 4
    MAT 366 Deterministic Models in Operations Research 3
    MAT 383 System Modeling and Simulation 3
    MAT 387 Introduction to Applied/Biostatistical Methods 3
    MAT 461 Stochastic Models in Operations Research 3