Program Overview
The actuarial science program strives to provide high-quality undergraduate-level preparation for students planning careers in the actuarial profession. Students will be thoroughly grounded in the technical skills required for actuarial work and will also be prepared to be business leaders in the financial services industry.
Graduates of the program should clearly meet the entry-level expectations of the leading insurance companies and consulting firms. As such, they should be prepared to be successful on the early professional examinations of the Society of Actuaries and the Casualty Actuarial Society. In addition, they should understand the manner in which this knowledge relates to the business of insurance and be able to solve less structured problems and coherently present their solutions.
The available courses prepare students for the first five examinations of the Society of Actuaries and the first four of the six exams of the Casualty Actuarial Society. These courses also enable students to obtain credit for three Society of Actuaries exams (FE, SRM, and FAM) and the three ‘Validation by Educational Experience’ subjects. Students typically are ready to take their first examination after two or three semesters and their second exam after three or four semesters.
Actuarial Science Major Requirements
Course List | Code | Title | Hours |
| ACCT 041 | INTRODUCTION TO FINANCIAL ACCOUNTING | 3 |
| ACCT 042 | INTRODUCTION TO MANAGERIAL ACCOUNTING | 3 |
| ACTS 131 | INTRODUCTION TO PROBABILITY I | 3 |
| ACTS 131L | INTRODUCTION TO PROBABILITY I LAB | 0.5 |
| BLAW 060 | BUSINESS LAW I | 3 |
| BUS 001 | WELCOME TO BUSINESS | 1 |
| BUS 002 | CAREER READINESS AND PROFESSIONALISM | 1 |
| BUS 003 | PERSONAL BRANDING EXCELLENCE | 1 |
| BUS 004 | PURSUING YOUR NORTH STAR | 1 |
| BUS 070 | GLOBALIZATION | 3 |
| BUS 195 | BUSINESS STRATEGY AND POLICY | 3 |
| ECON 002 | PRINCIPLES OF MICROECONOMICS | 3 |
| IS 044 | MICROSOFT OFFICE TOOLS FOR BUSINESS ANALYSIS | 2 |
| IS 075 | INFORMATION TECHNOLOGY AND BUSINESS | 3 |
| FIN 101 | CORPORATE FINANCE | 3 |
| MGMT 110 | ORGANIZATIONAL BEHAVIOR | 3 |
| MGMT 120 | MANAGEMENT OF OPERATIONS | 3 |
| MKTG 101 | MARKETING PRINCIPLES | 3 |
| MATH 050 | CALCULUS I | 3 |
| MATH 070 | CALCULUS II | 3 |
| ACTS 050 | INTRODUCTION TO ACTUARIAL SCIENCE | 0 |
| ACTS 120 | THEORY OF INEREST | 3 |
| ACTS 120L | THEORY OF INTEREST LAB | 0.5 |
| ACTS 135 | MATHEMATICAL STATISTICS | 3 |
| ACTS 140 | STATISTICS FOR RISK MODELING | 3 |
| ACTS 150 | LIFE INSURANCE MATHEMATICS I | 3 |
| ACTS 150L | LIFE INSURANCE MATH I LAB | 0.5 |
| 6 |
| INTRODUCTION TO COMPUTER SCIENCE I | |
| ADVANCED CORPORATE FINANCE | |
| INTRODUCTION TO DERIVATIVES | |
| OPERATIONAL RISK MANAGEMENT | |
| CALCULUS III | |
| DATA MINING AND GENERAL LINEAR MODELS | |
| ACTS 161 | SHORT-TERM ACTUARIAL MATH I | 3 |
| ACTS 161L | SHORT-TERM ACTUARIAL MATH I LAB | 0.5 |
| ECON 010 | PRINCIPLES OF MACROECONOMICS | 3 |
| INS 051 | PERSONAL RISK MANAGEMENT | 3 |
| STAT 040 | INTRODUCTION TO R AND SAS | 3 |
| STAT 170 | REGRESSION AND TIME SERIES | 3 |
| Total Hours | 83 |
In addition to programmatic requirements, students are responsible for satisfying all requirements of the Drake Curriculum, including Areas of Inquiry (AOI)
Student must also satisfy university graduation requirements for all undergraduate students..