Business Administration, 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.

Requirements for 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)

MTH 1554 - Calculus I (4)
MTH 1555 - Calculus II (4)
MTH 2554 - Multivariable Calculus (4)
MTH 2775 - Linear Algebra (4)

2. Complete Probability Requirements (8 to 9 credits)

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 (17 credits)

ECN 2010 - Principles of Microeconomics (4) and
ECN 2020 - Principles of Global Macroeconomics (4) (or ECN 2000 Principles of Macroeconomics (4))
ECN 3020 - Intermediate Macroeconomics (3) or ECN 3210 - Financial Markets and Economy (3)
ECN 3030 - Managerial Economics (3) or ECN 3810 - Mathematical Analysis for Economists (3)
ECN 3500 - Insurance and Risk Management (3)

4. Complete Statistics Requirements (3 to 4 credits)

QMM 2410 - Statistical Methods for Business II (3) or
STA 4228 - Introduction to Mathematical Statistics II (4) or
STA 4330 - Time Series I (4)

5. Complete Accounting and Finance Requirements (8 to10 credits)

ACC 2000 - Financial Accounting (4)
FIN 3550 - Finance for Actuarial Science (4) or (FIN 3220 Managerial Finance I (3) and FIN 3720 Managerial Finance II (3))

6. Complete Regression Requirements (3 to 4 credits)

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

10. Complete Financial Derivatives Requirement (3 credits)

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

11. Complete cognate course (8 credits)

COM 2000 - Public Speaking (4) or COM 2403 Group Dynamics and Communication (4)
WRT 3082 - Business Writing (4)

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)

13. Complete additional SBA Pre-Core Requirements (7 credits)

14. Complete additional SBA Core Requirements (21 credits)

MGT 3500 - Legal Environment of Business (3)
MGT 4350 - Management Strategies and Policies (3)
MIS 3000 - Management Information Systems (3)
MKT 3020 - Marketing (3)
ORG 3310 - Introduction to the Management of Human Resources (3)
ORG 3300 - Introduction to Organizational Behavior (3)
POM 3430 - Operations Management (3)