Actuarial Science, B.S. (offered jointly by the Departments of Mathematics and Statistics & Economics)

Students must complete the Oakland University General Education Requirements, General College of Arts and Sciences requirements , College of Arts and Sciences Exploratory requirement , Major Requirements, and an appropriate number of free elective classes to meet the overall credit requirement for the degree (in most cases a minimum of 124; some degrees may require a greater number).

A student cannot declare a major and a minor in the same discipline (e.g. a BS in Accounting with a minor in Accounting).

Schedule of Classes

Specific offerings for each semester may be found in the Schedule of Classes.

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.

Requirements for the major in actuarial science, B.S. program

Because an actuary needs a blend of mathematics, economics, statistics and finance, this major is offered jointly by the Department of Mathematics and Statistics and the Department of Economics. However, the major in actuarial science differs significantly from the other majors offered by these two departments because it (1) prepares students for jobs in actuarial science and provides them with the educational background necessary to pursue an advanced degree in economics, mathematics, statistics, or business administration, (2) integrates two distinctly different disciplines, thereby providing students with a breadth of knowledge that is needed in a fast-changing world, and (3) provides students with the analytical and reasoning skills to successfully complete the first two exams in actuarial science offered by the Society of Actuaries.

To earn the Bachelor of Science degree with a major in actuarial science, students must

7. Complete Database and Programming Requirements

EGR 1400 - Computer Problem Solving in Engineering (4)
MIS 3140 - Business Database Systems (3) (Students under a previous catalog who have taken MIS 3130 may use this course as a substitute for MIS 3140 .)
MIS 4460 - Business Analytics (3)

8. Complete Additional Mathematics-Statistics Requirement

APM 2559 - Introduction to Differential Equations (4) or STA 4225 - Stochastic Processes I (4) or APM 4334 - Applied Numerical Methods: Matrix Methods (4) (Students under a previous catalog who have taken APM 2559 may use this course as an elective choice)

9. Complete Financial Mathematics Requirement

ACS 4550 - Financial Mathematics (3)

10. Complete Actuarial Mathematics Requirement

ACS 4770 - Fundamentals of Actuarial Mathematics (4)

11. Complete cognate courses

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

12. Complete ACHIEVE courses

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 III Actuarial Sciences (0) (to be taken during the second semester of the sophomore year or the third semester as an actuarial science major)

Actuarial Science, B.S. (offered jointly by the Departments of Mathematics and Statistics & Economics)

Schedule of Classes

General Education Requirements

Requirements for the major in actuarial science, B.S. program

To earn the Bachelor of Science degree with a major in actuarial science, students must

1. Complete Basic Mathematics Requirements

2. Complete Probability Requirements

3. Complete Economics Requirements

4. Complete Statistics Requirement

5. Complete Accounting and Finance Requirements