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Bachelor of Business Administration Degree in Actuarial Science

Actuarial Science is a discipline that uses mathematical and statistical models to solve problems in insurance and finance. Students will take courses in mathematics, statistics, economics, and finance as part of the degree program. There is an increasing need for trained actuaries in the insurance industry. The Bachelor of Business Administration (B.B.A.) in Actuarial Science provides students with the quantitative and business skills to pursue these opportunities and prepare them for a career as an actuary. The minimum number of semester credit hours for the B.B.A. degree in Actuarial Science is 127.

All candidates seeking this degree must fulfill the Core Curriculum requirements, the Common Body of Knowledge requirements, and the degree requirements, which are listed below.

Core Curriculum requirements: Students seeking the Bachelor of Business Administration degree in Actuarial Science must fulfill University Core Curriculum requirements. Some of the courses listed in the table below satisfy both degree requirements and Core Curriculum requirements; however, if these courses are taken to satisfy both requirements, then students will need to take additional courses in order to meet the minimum number of semester credit hours required for the degree. For a complete listing of courses that satisfy the Core Curriculum requirements in this catalog.

Core Curriculum Requirements

Courses that Satisfy Core Curriculum and Degree Requirements

Rhetoric (6 semester credit hours)

 All students must take the following six hours to meet this core requirement:
WRC 1013 Freshman Composition I
WRC 1023 Freshman Composition II

Domain I: Mathematics and Science

Mathematics (3 semester credit hours)
MTC 1033 Algebra with Calculus for Business
This requirement can be satisfied with MAT 1214 for Actuarial Science and Statistics majors (Students not prepared to begin MAT 1214 must take MAT 1093 Precalculus.)
Science (6 semester credit hours)
Three hours from Level One and three hours from Level Two under the appropriate sections in the list of core courses will satisfy this core requirement.

Domain II: Society and Culture

United States History and Diversity (6 semester credit hours)
Any six hours listed under this section in the list of core courses will satisfy this core requirement.
Political Studies (6 semester credit hours)
POL 1013 plus 3 additional hours listed under this section in the list of core courses will satisfy this core requirement.
Social and Behavioral Sciences (3 semester credit hours)
Any three hours listed under this section in the list of core courses will satisfy this core requirement.
Economics (3 semester credit hours)
ECO 2013 Introductory Macroeconomics

Domain III: Literature and the Arts

Literature (3 semester credit hours)
Any three hours listed under this section in the list of core courses will satisfy this core requirement.
The Arts (3 semester credit hours)
Any three hours listed under this section in the list of core courses will satisfy this core requirement.

Domain IV:World Society and Issues

(3 semester credit hours)
Any three hours listed under this section in the list of core courses will satisfy this core requirement.

Common Body of Knowledge (CBK)

All students seeking a B.B.A. degree in the College of Business must complete the following Common Body of Knowledge (CBK) courses in addition to the Core Curriculum.

In addition to the Core Curriculum requirements and requirements from the College of Business Common Body of Knowledge (CBK), all candidates for the degree must complete the following degree requirements.(TOP)

Degree Requirements

A. 21 semester credit hours of required Mathematics and Statistics courses:

MAT 1223 Calculus II
MAT 2213 Calculus III
MAT 2233 Linear Algebra
STA 3523 Statistical Methods
STA 4643 Introduction to Stochastic Processes
STA 4723 Design and Analysis of Experiments
STA 4903 Survival Analysis

B. 12 semester credit hours of required Business courses:

FIN 4523 Introduction to Risk Management
FIN 4813 Property-Liability Insurance Finance
FIN 4823 Life and Health Insurance Finance
MS 4323 Simulation Applications in Business

C. 6 semester credit hours of upper-division electives chosen from the following:

ECO 3113 Introduction to Mathematical Economics
ECO 3123 Forecasting Techniques in Business and Economics
FIN 4873 Computer Modeling of Financial Applications
STA 4713 Applied Regression Analysis

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