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Aug 27, 2024
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2024-2025 Undergraduate Catalog
Business Administration, Business Actuarial Science, B.S.
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With a blend of mathematics, economics, statistics, and finance, an Actuarial Science major positions graduates to become experts in evaluating the likelihood of undesirable events and decreasing their impact. The program prepares students for jobs in the field, as well as provides the educational background to pursue an advanced degree in economics, mathematics, statistics, or business administration.
Actuarial science is a discipline in which complex data sets are used to analyze risk probabilities and their associated costs. Corporations rely on actuarial risk evaluation to frame their strategic management decisions. Actuaries are employed by the insurance industry, corporations, and the government. To become an actuary, a strong background in statistics, economics, and finance is required.
Special offerings for each semester may be found in the Schedule of Classes.
Requirements for the major in Business Administration, Business Actuarial Science, B.S.
Students seeking the Bachelor of Science degree in Business Actuarial Science must complete a minimum of 120 credits including the following requirements:
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General Education requirements
In order to graduate on-schedule without taking additional courses, it is highly recommended that students meet with an Undergraduate Academic Adviser concerning the selection of all of their general education courses.
Each candidate for an Oakland University baccalaureate will need to satisfactorily complete approved courses in each of the following areas: Foundations, Explorations, and Integration. For details, refer to the General Education Requirements section of the catalog.
Business Pre-Core required courses
*If a student places into and completes MTH 1222 or MTH 1554 with the required minimum grade, MTH 1221 or MTH 1441 or MTH 1331 is not required.
*If a student receives transfer credit for MTH 1222 or MTH 1554, MTH 1221 or MTH 1441 or MTH 1331 is not required.
Business Core required courses
Business Actuarial Science courses
Additional requirements
Students must complete the core program and the requirements of one of the business majors in the SBA with a minimum grade of C in each of the pre-core, core and major courses. Once admitted to the business program as a pre-business or undecided business student or major, a student must complete all of the remaining business core, major and business minor coursework for the degree at Oakland University.
Students must complete least 31 credits must be in courses offered by the School of Business Administration, excluding ECN 1500, ECN 2000 or ECN 2020, ECN 2010, ECN 2100 and QMM 2400 and QMM 2410. Of these 31 credits, at least 12 credits must be in the student’s major.
Certificates of additional majors are permitted in all areas except general management. No more than four credits of independent study (4996) courses may be used to meet the major elective requirement. Courses numbered 3800 and 4900 may be repeated for up to eight credits provided the topics are different. All major courses require a 2.6 GPA or better or major standing to take these courses (excludes Economics and non-SBA major courses).
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