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2017-2018

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Actuarial Science

Degree Type: Bachelor of Science
College(s): College of Arts and Sciences

Why Choose Actuarial Science?

Actuarial Science deals with design, financing and operation of insurance plans. Financial security for people and companies is the main goal of an actuary. Typical problems could include setting the premium for automobile insurance, insuring an athlete against injury or determining the payout for a sweepstakes contest.

Actuaries are in demand in business and industry, and the average salary is quite high. Prospective actuaries take a series of tests, and this program will prepare you for the first test, which should lead to quick employment.

Admission Requirements

First year student admission is open to high school graduates (or equivalent) who demonstrate academic preparedness, maturity and seriousness of purpose with educational backgrounds appropriate to their chosen program of study. High school courses and grade point average, ACT composite score, and ACT reading and mathematics subscores will be considered in the admission and placement process. Transfer students must have at least 12 credits at the time of application with a minimum 2.0 overall GPA including an English and mathematics course, or they must provide their high school records and ACT scores for admission review.

General Education Requirements

All general University General Education requirements can be found here: http://www.ferris.edu/htmls/academics/gened/courses/GenEd-bachelor.pdf

Please consult this link for a complete listing of General Education Electives: https://wwws.ferris.edu/academics/gened/courses/

Graduation Requirements

The Actuarial Science program leads to a bachelor of science degree. Graduation requires a minimum 2.0 overall GPA and a minimum of 120 credits including completion of all general education requirements as outlined on the General Education website. Additionally, a minimum 2.5 GPA in all math and computer science course work is required.

More Information

ADVISOR: Dr. Kent Sun   
PHONE: 231-591-2579
EMAIL:  

Department of Mathematics
Ferris State University
820 Campus Drive/ASC 2021
Big Rapids, MI 49307
Phone: 231-591-2565

Required Courses
Credit Hours

Actuarial Science Major Requirements - 120 Credits

Core Requirements - 32 Credits Required
Programming - Problem Solving
4
Object Oriented Programming
4
Analytical Geometry-Calculus 1
4
Analytical Geometry-Calculus 2
4
Stats for the Life Sciences
3
Analytical Geometry-Calculus 3
4
Linear Algebra
3
Differential Equations
3
Numerical Analysis
3
Major Requirements - 26 Credits Required
Mathematical Statistics 1
4
Mathematical Statistics 2
4
Prblm Solv Strat - Prob Theory
3
Theory of Interest
3
Prblm Solv Strat-Intrst Theory
3
Principles of Macroeconomics
3
Principles of Microeconomics
3
Directed Elective
3
Additional Electives - to reach the minimum 120 credits required for this degree - (MATH and CPSC courese ARE used to calcualte the major GPA requirement, any other courses ARE NOT used to calculate the major GPA requirement)

University General Education

Communication Competence - 12 Credits Required
Choose any COMM and any ENGL

AND
English 1
3
English 2
3
Quantitative Skills 
Satisfied through the major requirements
Scientific Understanding - 7 Credits Required
One of these must have a lab
Cultural Enrichment - 9 Credits Required **
Social Awareness - 9 Credits Required **
ECON 221 & ECON 222 satisfied in major requirements.
** General Education Requirements - "Global Consciousness", "Race, Ethnicity and Gender", "Social Foundation" requirements must be met either through Cultural Enrichment, Social Awareness or other courses; must have a 200 level Cultural Awareness and a 200 level Social Awareness.