Business Actuarial Science, B.S.

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This major serves as an alternative to the Actuarial Science (ACS) Major. Students selecting the Business Actuarial Sciences (BACS) major will complete all of the Actuarial Sciences major-specific requirements. Some of these requirements overlap with the requirements of the business major. Students must complete all additional requirements for the business degree. Upon graduation, students will receive the BS in Business Administration with a major in Business Actuarial Sciences (BACS) degree. Whenever there are changes to the ACS major, they will also be made to the BACS major.

To earn the Bachelor of Science degree with a major in business actuarial science, students must complete the following actuarial and business requirements.

1. Complete Basic Mathematics Requirements - 16 credits

2. Complete Probability Requirements - 8-9

ACS 3000 - Foundations of Probability and Calculus (1) (unless the student has earned a grade of at least B+ in MTH 2554 - Multivariable Calculus (4) or permission of the chief undergraduate actuarial adviser)
STA 2226 - Applied Probability and Statistics (4)
STA 4227 - Introduction to Mathematical Statistics I (4)

3. Complete Economics Requirements - 14 credits

4. Complete Statistics Requirement - 3-4 credits

5. Complete Accounting and Finance Requirements - 8-10 credits

6. Complete Regression Requirement - 3-4 credits

ECN 4050 - Econometrics (3) or STA 4002 - Applied Linear Models I (4)

7. Complete Database and Programming Requirements - 10 credits

8. Complete Additional Mathematics-Statistics Requirement - 4 credits

9. Complete Financial Mathematics Requirement - 3 credits

ACS 4550 - Financial Mathematics (3)

10. Complete Financial Derivatives Requirement - 3 credits

ACS 4660 - Financial Economics (3) or FIN 4250 - Financial Derivatives (3)

11. Complete cognate course - 8 credits

12. Complete ACHIEVE courses - 0 credits

SBC 1990 - ACHIEVE I (0) (to be taken during the freshman year or first year as an actuarial science major)
SBC 2990 - ACHIEVE II (0) (to be taken during the fall semester of the sophomore year or the second semester as an actuarial science major)
ACS 3990 - ACHIEVE 3 Actuarial Sciences (0) (to be taken during the second semester of the sophomore year or the third semester as an actuarial science major)