2023-2024 Academic Catalog 
    
    Jul 19, 2024  
2023-2024 Academic Catalog [Archived Catalog]

Actuarial Science, B.S.


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

Maryville University’s undergraduate actuarial science program offers a comprehensive curriculum that combines liberal arts education with focused studies in business, data science, AI and mathematics. This program leads to a Bachelor of Science degree with a major in Actuarial Science. Maryville University stands out as one of the select few colleges nationwide to provide such a comprehensive degree program in Actuarial Science. The program’s coursework and internship opportunities are carefully designed to equip students with the necessary knowledge and skills to successfully pass the exams administered by the Society of Actuaries. Completion of one of the Society of Actuaries (SOA) exams is a requirement for the Actuarial Science major.

Prospective applicants should possess a strong foundation in mathematics and demonstrate an interest in the realms of business, risk management, and technology.

Actuarial Science as a Career

Actuarial science is widely regarded as a top-ranking career choice when evaluated across various criteria, including work environment, income, stress level, job security, physical demands, and employment prospects. Actuaries primarily find employment in insurance companies, consulting firms, government agencies at the federal and state levels, corporations, and academic institutions.

Accelerated Master of Science in Actuarial Science, Data Science, and Artificial Intelligence

The Accelerated Master of Science in Actuarial Science, Data Science and AI provides a unique opportunity for Maryville University undergraduates majoring in actuarial science to earn their master’s degree in just one additional year. Through this accelerated option, students can apply four courses (12 credits) taken during their senior year as part of their undergraduate curriculum towards their master’s degree requirements. In the fifth year of study, students will complete an additional 24 credits to fulfill the remaining requirements for the master’s degree.

To be eligible for early access to the Actuarial Science, M.S. , Data Science, M.S.  , and Artificial Intelligence, M.S.  , students must have a major in Actuarial Science with a minimum of 75 undergraduate credits, at least 20 of which must be earned at Maryville University. Additionally, applicants should have a minimum GPA of 3.25. It’s worth noting that Maryville students entering the accelerated master’s program are not required to submit GRE or TOEFL scores.

Additional Information

Students will also be able to complete the coursework toward the following Certificate Programs 

Big Data Post Baccalaureate Certificate   

Machine Learning Post Baccalaureate Certificate   

Fundamentals of Artificial Intelligence Post Baccalaureate Certificate  

 

For more information on these classes and enrollment, please reach out to the Director of Actuarial Science at Maryville University, Dr. Guangwei Fan, via email at gfan@maryville.edu or Joe Raggette at jraggettejr1@maryville.edu.

 

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


The Society of Actuaries has recently implemented changes to its examination structure. For detailed information regarding this redesign, it is recommended to visit the website of the Society of Actuaries.

To attain the designation of Associate of Society of Actuaries (ASA), one of the requirements must be fulfilled by completing approved VEE (Validated by Education Experience) courses. As part of the pilot group recognized by the Society of Actuaries, Maryville University offers courses that have been approved by the VEE Administration Committee. These courses cover the necessary topics in Accounting and Finance, Economics, and Mathematical Statistics, meeting the requirements set by the Society of Actuaries.

 
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 Actuarial Science curriculum at Maryville University is strategically aligned with the six actuarial exams supported by the Society of Actuaries. The table below highlights the specific courses within the major and their correlation to the corresponding 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    Fundamentals of Actuarial Mathematics
 
  ACSC 421  / ACSC 521-Actuarial Modeling I   
  ACSC 407  / ACSC 607-Loss Models   
  ACSC 422   / ACSC 522-Actuarial Modeling II  
 ALTAM  Advanced Long-Term Actuarial Mathematics
  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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