Mar 24, 2019  
2018-2019 Academic Catalog 
    
2018-2019 Academic Catalog

Actuarial Science, B.S.


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The Actuarial Science Program at Maryville University is an Advanced Curriculum Actuarial Program of Society of Actuaries (UCAP-AC)

The undergraduate actuarial science program at Maryville University offers a curriculum that integrates the liberal arts with professional studies in business, data science, and mathematics, leading to a Bachelor of Science degree with a major in Actuarial Science. Maryville University is one of the few colleges in the nation to offer a comprehensive degree program in Actuarial Science. The coursework and professional internship opportunities of the program are specifically designed to prepare students to pass the exams of the Society of Actuaries. The Actuarial Science major requires passing one of the Society of Actuary (SOA) exams.

Prospective applicants should have a solid background in mathematics and an interest in the world of business, risk management, and technology.

Actuarial Science as a Career

Actuarial science ranks high when compared to other careers judged on the following criteria: work environment, income, stress level, security, physical demands, and employment opportunities. Most actuaries work for insurance companies, consulting firms, the federal and state government, corporations, and universities.

Accelerated Master of Science in Actuarial Science

This unique option enables the Maryville undergraduate majoring in actuarial science to complete the master’s program in just one additional year. In this accelerated option, four courses (12 credits) taken during the senior year, as part of the undergraduate curriculum, also count toward the master’s degree. Students continue with 24 credits in the fifth year of study to complete the requirements of the master’s degree. Students with an Actuarial Science major, having 60 undergraduate credits, at least 30 of these from Maryville University, and GPA 3.6, can apply for Early Access to the Master of Science in Actuarial Science  program. No GRE or TOEFL is required for Maryville students entering the accelerated master’s program.

Non­Degree Seeking Option for Actuarial Exams

Actuarial professionals may enroll in specific actuarial science classes to prepare for the series of professional actuarial exams. Students would be classified as non­degree seeking students for this purpose. Contact the Director of Mathematics, Actuarial Science and Data Science (gfan@maryville.edu) for further information.

 

General Education Requirements for Actuarial, Data, and Mathematic Sciences


(Students must earn a minimum of 47 credit hours)

SOA Exam and VEE


As of 2018, the Society of Actuaries has revised its examination structure. Detailed information regarding this redesign can be obtained from the website of the Society of Actuaries.

One of the requirements for Associate of Society of Actuaries (ASA) must be met through taking approved course VEE (Validated by Education Experience Subjects). Maryville University, as one of the Society of Actuaries’ pilot group, offers courses which have been approved by VEE Administration Committee to fulfill the requirements of topics in Accounting and Finance, Economics, and Mathematical Statistics.

 

SOA VEE 2018 vs Maryville University Courses

  VEE Economics

  ECON 201 Macroeconomics  

  ECON 202 Microeconomics  

  VEE Accounting and Finance

  ACCT 210 Financial Accounting  

  ACSC 416  / ACSC 516 Corporate Finance I  

  VEE Mathematical Statistics

  MATH 372  / MATH 572 Mathematical Statistics  

 


The Maryville Actuarial Science curriculum is designed to coordinate with the seven actuarial exams sponsored by the Society of Actuaries. See the following table for the specific courses in the major and how they relate to the professional exams.

SOA EXAMS 2018 vs Maryville University Courses

  SOA EXAM

  Course Number and Title

  FM  Financial Mathematics

  ACSC 414  / ACSC 514 Theory of Interest  

  ACSC 415  / ACSC 515 Financial Mathematics  

  ACSC 495  / ACSC 595 Actuarial Seminar II  

  P Probability

 MATH 370  / MATH 570 Probability I  

  MATH 371  / MATH 571 Probability II  

  ACSC 394  / ACSC 594 Actuarial Seminar I  

  IFM Investment & Financial Markets

  ACSC 411  / ACSC 611 Derivative Markets  

  ACSC 426  / ACSC 526 Corporate Finance II  

  LTAM  Long-Term Actuarial Mathematics

  ACSC 421  / ACSC 521 Actuarial Modeling I  

  ACSC 422  / ACSC 522 Actuarial Modeling II  

  STAM  Short-Term Actuarial Mathematics

  MATH 406  / MATH 506 Statistical Modeling II  

  ACSC 407  / ACSC 607 Loss Models  

  SRM  Statistics for Risk Modeling

  MATH 405  / MATH 506 Statistical Modeling II  

  PA  Predictive Analytics

  DSCI 412  / DSCI 619 Deep Learning  

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