2022-2023 Academic Catalog 
    
    Jul 17, 2024  
2022-2023 Academic Catalog [Archived 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 75 undergraduate credits, at least 20 of these from Maryville University, and GPA 3.25, can apply for early access to the Actuarial Science, M.S.  program. No GRE or TOEFL is required for Maryville students entering the accelerated master’s program.

Non-­Degree 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


(48 credits)

Humanities


(5 courses)

  • Fine Arts elective
  • Literature or Foreign Language elective
  • Philosophy elective
  • Two Humanities electives

Social Science


(3 courses)

  • History or Political Science elective
  • Two Social Science electives from different subject areas

Natural Science


(1 course)

  • Science elective

General Education Required for Major


(2 courses)

Recommended Business Courses


(6 credits - VEE)

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 EXAM
Course Number and Title
  VEE Economics
  ECON 203  -  Principles of Economics  
  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 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  
  FAM-L    Fundamentals of Actuarial                         Mathematics - Long Term
  ACSC 421  / ACSC 521-Actuarial Modeling I   
  FAM-S  Fundamentals of Actuarial                         Mathematics - Short Term 
  ACSC 407  / ACSC 607-Loss Models   
  ALTAM  Advanced Long-Term Actuarial                  Mathematics
  ACSC 422  / ACSC 522-Actuarial Modeling II   
  SRM  Statistics for Risk Modeling
  MATH 405  /  
  PA  Predictive Analytics
  DSCI 412  /   

Graduation Requirements


  • 128 credit hours minimum (last 30 hours in residency)
  • A minimum half the major credit hours in residency
  • A minimum half the minor credit hours in residency
  • ​60 credit hours must be completed at a 4-year institution 

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