2024-2025 Catalog
Actuarial Science (ACSC-BS), B.S.
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Bachelor of Science
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.
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Program Outcomes
- Students will be able to solve problems using concepts of calculus, linear algebra, probability, interest theory, and statistics.
- Students will be able to apply actuarial mathematics to problems in insurance, finance, investment, and other business contexts.
- Students will be prepared to pass actuarial science Exams P and FM.
- Students will complete coursework satisfying the requirements for Validation by Educational Experience (VEE) credentials for Economics.
- Students will be able to properly use mathematical language and present, in writing and orally, both logical mathematical arguments and quantitative analysis relevant to actuarial science applications.
New Student Admission Requirements
- 2.50 High School GPA (on a 4.00 scale)
- Minimum Composite ACT Score of 17/SAT 900
- 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 Student Admission Requirements
- 2.00 Overall GPA (on a 4.00 scale)
- At least 12 credits, including an English and Mathematics course.
University Requirements - 36 to 37 Credits Required
First Year Seminar Requirement (FSUS 100 or Equivalent) - 0 to 1 Credit Required
All First-Time-In-Any-College Freshmen (FTIACs) must complete a one-credit FSUS 100 course, or its equivalent. Additional information and the definition of FTIAC for FSUS purposes can be found in the: Ferris State University Academic Affairs FSUS Policy
University General Education Requirements - 36 Credits Required
Courses in this section are required to satisfy the University General Education Requirements for a bachelor’s degree. The University General Education requirements can be found on the: Ferris State University General Education Requirements Webpage
Communication Competency - 12 Credits Required (or Their Equivalent)
Quantitative Literacy Competency - Credits Required Met in College Requirements
Natural Sciences Competency - 6 Credits Required
Two courses are required with a minimum of 6 credits: must have at least one lab course. Culture Competency - 9 Credits Required
Three courses are required with a minimum of 9 credits: must be from two different disciplines and have at least one 200 level or higher course. Self and Society Competency - 9 Credits Required
Three courses are required with a minimum of 9 credits: must be from two different disciplines, have at least one 200 level or higher course, and at least one Self and Society Foundation course. United States (U.S.) Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the United States (U.S.) Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes. Global Diversity Competency - 1 Course Required
If not met by courses taken for Culture Competency, Self and Society Competency, or Michigan Transfer Agreement (MTA), a student must have one course with the Global Diversity attribute. Some courses include both Global and United States (U.S.) Diversity attributes. Collaboration Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Collaboration attribute. Some courses include both Collaboration and Problem Solving attributes. Problem Solving Competency - Courses Required Met in College Requirements
If not met by courses taken in the College Requirements section, a student must have two courses with the Problem Solving attribute. Some courses include both Collaboration and Problem Solving attributes. College Requirements - 84 Credits Required
Major Courses - 21 Credits Required
These courses are used to calculate the major 2.50 GPA requirement. Core Requirements - 32 Credits Required
These courses are used to calculate the major 2.50 GPA requirement. Electives - 31 Credits Required
The credits required may vary depending on courses taken.
In order to graduate with a bachelor’s degree, a student must have a minimum of 120 credits. The electives required for each student may vary depending on courses taken. Based on how a student meets the programmatic requirements, they may need more or less than 31 credits of elective courses to meet the required 120 credit minimum. These courses are not used to calculate the major 2.50 GPA requirement.
Notes
- Students who return to the university after an interrupted enrollment, not including summer semester, must normally meet the requirements of the curriculum which are in effect at the time of their return, not the requirements which were in effect when they were originally admitted.
- Credit Variance - Credits required may vary based on course placement, prerequisites, etc. If you have questions, contact your advisor.
Graduation Requirements
In order to graduate from Ferris State University, students must meet both University and Programmatic Graduation Requirements. University Graduation Requirements
These are the minimum graduation requirements for a bachelor’s degree at Ferris State University:
- All requirements as specified in the University Requirements section must be met.
- A minimum of 120 credits must be earned.
- A 2.00 or higher cumulative Ferris State University GPA is required.
- A minimum of 30 credits must be earned from Ferris State University to meet the Residency requirement.
- A minimum of 40 credits of 300 level or higher courses must be earned.
Programmatic Graduation Requirements
These are the additional graduation requirements mandated by the program:
- All requirements as specified in the College Requirements section must be met.
- A 2.50 or higher cumulative GPA is required in all Mathematics (MATH) and Computer Science (CPSC) courses.
Contact Information
Department of Mathematics - College of Arts, Sciences and Education
Dr. Kent Sun
(231) 591-2579
[email protected]
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