2020-2021 Catalog (Current)

Actuarial Science

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

Actuarial Science, BS Program Checksheet

Includes:

  • Major Courses and General Education Courses
  • Admission and Transfer Requirements
  • Graduation Requirements

Why Choose Actuarial Science? - Program Spotlight

Actuaries use their analytical skills to assess and manage risk. They deal with the design, financing and operation of insurance plans. 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.

Career Opportunities?

Actuaries are in demand in business and industry. Their great work environment, job security, future outlook and salary make this field one of the most attractive careers every year. Employment and advancement in the field are strongly dependent upon passing a series of professional exams. This program prepares students for the first two exams with two 3-credit preparation courses. This level of support for exam preparation may be the highest in the state.

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
CPSC 130
Programming - Problem Solving
4
CPSC 200
Object Oriented Programming
4
MATH 220
Analytical Geometry-Calculus 1
4
MATH 230
Analytical Geometry-Calculus 2
4
MATH 251
Stats for the Life Sciences
3
MATH 320
Analytical Geometry-Calculus 3
4
MATH 322
Linear Algebra
3
MATH 330
Differential Equations
3
MATH 340
Numerical Analysis
3
Major Requirements - 26 Credits Required
MATH 414
Mathematical Statistics 1
4
MATH 416
Mathematical Statistics 2
4
MATH 417
Prblm Solv Strat - Prob Theory
3
MATH 450
Theory of Interest
4
MATH 451
Prblm Solv Strat-Intrst Theory
3
ECON 221
Principles of Macroeconomics
3
ECON 222
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
ENGL 150
English 1
3
ENGL 250
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.