School of Natural Sciences and Mathematics

Actuarial Science (BS)

The Bachelor of Science Actuarial Science (AS) Program at The University of Texas at Dallas is administered through the Department of Mathematical Sciences. Students receive rigorous well-rounded actuarial education with a strong foundation in mathematics, statistics, computer and data science, economics, and finance. All students are prepared to take seven actuarial preliminary Society of Actuaries (SOA) exams: Probability - P/1, Financial Mathematics - FM/2, Fundamentals of Actuarial Mathematics - FAM, Advanced Short Term Actuarial Mathematics - ASTAM, Advanced Long Term Actuarial Mathematics - ALTAM, Statistics for Risk Modeling - SRM, Predictive Analytics - PA. Students achieve Validation of Educational Experience (VEE) credits in Accounting and Finance, Economics, and Mathematical Statistics. Students also receive rigorous instruction in preparation for a major part of the three Casualty Actuarial Society (CAS) Exams: Actuarial Models: Financial Economics - 3F, Modern Actuarial Statistics I and II - MAS I and MAS II. Upon completion of this program, students will have the knowledge and business background necessary to pursue a career as an actuary, as well as to undertake graduate study in actuarial science, statistics, mathematics, economics, data science or finance.

Bachelor of Science in Actuarial Science

Degree Requirements (120 semester credit hours)¹

View an Example of Degree Requirements by Semester

Faculty

FACG> nsm-actuarial-science-bs

Professors: Swati Biswas @sxb125731, Min Chen @mxc136030, Pankaj Choudhary @pkc022000, Baris Coskunuzer @bxc190014, Mieczyslaw Dabkowski @mkd034000, Vladimir Dragovic @vxd123630, Sam Efromovich @sxe062000, Yulia Gel @yxg142030, Wieslaw Krawcewicz @wzk091000, Susan Minkoff @sem120030, L. Felipe Pereira @lfp140030, Dmitry Rachinskiy @dxr124030, Viswanath Ramakrishna @vish, Janos Turi @turi, John Zweck @jwz120030

Associate Professors: Maxim Arnold @mxa149530, Yan Cao @yxc069200, Liang Hong @lxh019000, Oleg Makarenkov @oxm130230, Tomoki Ohsawa @txo140730, Anh Tran @att140830

Assistant Professors: Carlos Arreche @cxa171230, Noirrit Chandra @nxc220031, Ronan Conlon @rxc200021, Rizwanur Khan @rxk230072, Qiwei Li @qxl190009, Stephen McKeown @sxm190098, Chuan-Fa Tang @cxt190011, Jiayi Wang @jxw220029, Nathan Williams @nxw170830, Nan Wu @nxw220012, Yunan Wu @yxw200032

Professors Emeriti: Larry Ammann @ammann, Ali Hooshyar @ali, Patrick Odell @pxo062000, John Van Ness @ness

Clinical Professor: Natalia Humphreys @nah103020

Clinical Associate Professor: Mohammad Akbar @mma110020

Clinical Assistant Professor: Wenyi Lu @wxl153330

Professors of Instruction: Anatoly Eydelzon @axe031000, Manjula Foley @mxf091000, Bentley Garrett @btg032000, Yuly Koshevnik @yxk055000

Associate Professors of Instruction: Mohammad Ahsan @mka120030, Kelly Aman @kxa143530, Malgorzata Dabkowski @mxd066000, Rabin Dahal @rxd153030, Derege Mussa @dxm146130, My Linh Nguyen @mln018200, Jigarkumar Patel @jsp061000, Julie Sutton @jxs158030

Assistant Professors of Instruction: Anani Komla Adabrah @aaa130530, Iris Alvarado @ila180000, Saikat Biswas @sxb230137, Hui Ding @hxd162130, Adannah Duruoha @axd180037, Kemelli Estacio-Hiroms @kxe160930, Huizhen Guo @hxg190020, Shengjie Jiang @sxj220069, Joselle Kehoe @jxk061000, Runzhou Liu @rxl210013, Neha Makhijani @nxm165130, Irina Martynova @ixm140930, Diarisoa Mihaja Rakotomalala @dmr150130, Adrian Murza @acm170730, Ajaya Paudel @abp062000, Octavious Smiley @oxs230011, Nasrin Sultana @nxs190039, Che-Yu Wu @cxw153530

I. Core Curriculum Requirements: 42 semester credit hours²

Communication: 6 semester credit hours

COMM 1311 Survey of Oral and Technology-based Communication

RHET 1302 Rhetoric

Or select any 6 semester credit hours from Communication Core courses (see advisor)

Mathematics: 3 semester credit hours

MATH 2417 Calculus I^{3, 4, 5}

Or select any 3 semester credit hours from Mathematics Core courses (see advisor)

Life and Physical Sciences: 6 semester credit hours^{3, 6}

PHYS 2325 Mechanics

or PHYS 2421 Honors Physics I - Mechanics and Heat^{7, 8}

or CHEM 1311 General Chemistry I

or CHEM 1315 Honors Freshman Chemistry I

PHYS 2326 Electromagnetism and Waves

or PHYS 2422 Honors Physics II - Electromagnetism and Waves⁷

or CHEM 1312 General Chemistry II

or CHEM 1316 Honors Freshman Chemistry II

Or select any 6 semester credit hours from Life and Physical Sciences Core courses (see advisor)

Language, Philosophy and Culture: 3 semester credit hours

Select any 3 semester credit hours from Language, Philosophy and Culture Core courses (see advisor)

Creative Arts: 3 semester credit hours

Select any 3 semester credit hours from Creative Arts Core courses (see advisor)

American History: 6 semester credit hours

HIST 1301 U.S. History Survey to Civil War

HIST 1302 U.S. History Survey from Civil War

Or select any 6 semester credit hours from American History Core courses (see advisor)

Government/Political Science: 6 semester credit hours

GOVT 2305 American National Government

GOVT 2306 State and Local Government

Or select any 6 semester credit hours from Government/Political Science Core courses (see advisor)

Social and Behavioral Sciences: 3 semester credit hours

ECON 2302 Principles of Microeconomics³

Or select any 3 semester credit hours from Social and Behavioral Sciences Core courses (see advisor)

Component Area Option: 6 semester credit hours

MATH 2417 Calculus I^{3, 4, 5}

MATH 2419 Calculus II^{3, 4, 5}

PHYS 2125 Physics Laboratory I^{3, 6}

or PHYS 2421 Honors Physics I - Mechanics and Heat^{7, 8}

or CHEM 1111 General Chemistry Laboratory I^{3, 6}

Or select any 6 semester credit hours from Component Area Option courses (see advisor)

II. Major Requirements: 77-78 semester credit hours

Major Preparatory Courses: 29-30 semester credit hours beyond Core Curriculum

UNIV 1010 Comets to the Core Pre-Assessment¹

NATS 1101 Natural Sciences and Mathematics Freshman Seminar¹

ACCT 2301 Introductory Financial Accounting

ACCT 2302 Introductory Management Accounting

BCOM 3300 Business Communication

CS 1436 Programming Fundamentals

CS 1337 Computer Science I

or MATH 2370 Introduction to Programming with MATLAB⁹

ECON 2301 Principles of Macroeconomics

ECON 2302 Principles of Microeconomics

MATH 2417 Calculus I^{3, 4, 5}

MATH 2418 Linear Algebra

MATH 2419 Calculus II^{3, 4, 5}

MATH 2420 Differential Equations with Applications

PHYS 2325 Mechanics^{3, 6}

and PHYS 2125 Physics Laboratory I^{3, 6}

or PHYS 2421 Honors Physics I - Mechanics and Heat^{3, 7, 8, 10}

or CHEM 1311 General Chemistry I^{3, 6}

and CHEM 1111 General Chemistry Laboratory I^{3, 6}

or CHEM 1315 Honors Freshman Chemistry I^{3, 6}

and CHEM 1115 Honors Freshman Chemistry Laboratory I

PHYS 2326 Electromagnetism and Waves^{3, 6}

or PHYS 2422 Honors Physics II - Electromagnetism and Waves^{3, 6, 7}

or CHEM 1312 General Chemistry II^{3, 6}

or CHEM 1316 Honors Freshman Chemistry II^{3, 6}

PHYS 2126 Physics Laboratory II

or CHEM 1112 General Chemistry Laboratory II

or CHEM 1116 Honors Freshman Chemistry Laboratory II

Major Core Courses: 48 semester credit hours

ACTS 4301 Long Term Actuarial Mathematics I

ACTS 4302 Investment and Financial Markets

ACTS 4303 Long Term Actuarial Mathematics II

ACTS 4304 Short Term Actuarial Mathematics I

ACTS 4305 Short Term Actuarial Mathematics II

ACTS 4307 Statistics for Risk Modeling

ACTS 4308 Actuarial Financial Mathematics

ACTS 4309 Theory of Options

ACTS 4310 Predictive Analytics

MATH 3351 Advanced Calculus

ITSS 3300 Information Technology for Business

ITSS 4301 Database Systems

STAT 3355 Introduction to Data Analysis

STAT 4351 Probability

STAT 4352 Mathematical Statistics

STAT 4382 Stochastic Processes

III. Elective Requirements: 0-1 semester credit hour

RMIS 3370 Principles of Risk Management and Insurance

RMIS 4331 Business Liability Risk Management and Insurance

MATH 3310 Theoretical Concepts of Calculus

MATH 3311 Abstract Algebra I

MATH 3379 Complex Variables

MATH 4334 Numerical Analysis

The plan must include sufficient upper-division courses to total 45 upper-division semester credit hours.

Preparation for Actuarial Exams

Exam 1/P: STAT 4351

Exam 2/FM: ACTS 4308

Exams 3L/FAM/ALTAM: ACTS 4301 and ACTS 4303

Exams 3F/ALTAM/ FAP modules: ACTS 4302 and ACTS 4309

Exams 4/FAM/ASTAM: ACTS 4304 and ACTS 4305

Exam SRM: ACTS 4307

Exam PA: ACTS 4310

Validation by Educational Experience (VEE) Credits

Mathematical Statistics: STAT 3355 and STAT 4352

Accounting and Corporate Finance: ACCT 2302 and ACTS 4302

Economics: ECON 2301 and ECON 2302

Fast Track Baccalaureate/Master's Degrees

In response to the need for post-baccalaureate education, a Fast Track program is available to well-qualified UT Dallas undergraduate students. Qualified seniors may take up to 15 graduate semester credit hours that may be used to complete the baccalaureate degree and also to satisfy the requirements for the master's degree. Interested students should see the Associate Dean of Undergraduate Education (ADU) for specific requirements.

Minors

Students must take a minimum of 18 semester credit hours for the minor, 12 of which must be upper-division semester credit hours. Students who take a minor will be expected to meet the normal prerequisites in courses making up the minor, and should maintain a minimum GPA of 2.000 on a 4.00 scale (C average). Semester credit hours may not be used to satisfy both the major and minor requirements; however, free elective semester credit hours or major preparatory classes may be used to satisfy the minor.

For all minors in the School of Natural Sciences and Mathematics students must complete all prerequisite sequences for required minor courses.

Minor in Actuarial Science

24 semester credit hours

The Minor in Actuarial Science program at UT Dallas is administered through the Department of Mathematical Sciences. It is ideal for students who are interested in broadening their experience and knowledge base in the study and analysis of principles of Actuarial Science. The minor core courses prepare students for a number of actuarial exams required for a designation of Associate of the Society of Actuaries, Casualty Actuarial Society, or Canadian Institute of Actuaries. Specifically, the minor provides students with an intense background in principles of actuarial models. All of the courses in the minor serve as starting points for learning the concepts covered on the preliminary actuarial exams (P/1, FM/2, MLC/3L).

Students not majoring in Actuarial Science may obtain a minor in Actuarial Science by satisfying 24 semester credit hours (9 semester credit hours of minor core courses and 15 semester credit hours of minor preparatory courses).

Minor Preparatory Courses (15 semester credit hours)¹¹

MATH 2417 Calculus I

or MATH 2413 Differential Calculus

MATH 2419 Calculus II

or MATH 2414 Integral Calculus

MATH 2451 Multivariable Calculus with Applications

ITSS 3300 Information Technology for Business

Minor Core Courses (9 semester credit hours)¹²

STAT 4351 Probability

ACTS 4301 Long Term Actuarial Mathematics I

ACTS 4308 Actuarial Financial Mathematics

1. Incoming freshmen must enroll and complete requirements of UNIV 1010 and the corresponding school-related freshman seminar course. Students, including transfer students, who complete their core curriculum at UT Dallas must take UNIV 2020.

2. Curriculum Requirements can be fulfilled by other approved courses from institutions of higher education. The courses listed are recommended as the most efficient way to satisfy both Core Curriculum and Major Requirements at UT Dallas.

3. A required Major preparatory course that also fulfills a Core Curriculum requirement. Semester credit hours are counted in Core Curriculum.

4. Three semester credit hours of Calculus are counted to fulfill the Mathematics Core Requirement with the remaining one semester credit hour to be counted under Component Area Option Core Requirement.

5. Students may choose one of the following calculus sequences: (a) MATH 2413, MATH 2414, and MATH 2415; or (b) MATH 2417 and MATH 2419.

6. Six semester credit hours of Physics or Chemistry are counted under Science core, and one semester credit hour of Physics or Chemistry (PHYS 2125 or CHEM 1111) are counted under Component Area Option core.

7. Please consult your advisor if selecting Honors Physics.

8. Students may use three semester credit hours of PHYS 2421 to count under Science core, and one semester credit hour of PHYS 2421 under Component Area Option core.

9. MATH 2370 will provide basic knowledge of a programming and numeric computing platform MATLAB and a better preparation for MATH 4334 Numerical Analysis course if elected.

10. Students who complete PHYS 2421 do not need to complete PHYS 2125.

11. Students whose major does not require MATH 2417 and MATH 2419 as part of their Mathematics and Component Area Option Core Curriculum Requirements, should take this sequence as their core curriculum courses to ensure efficiency toward the minor.

12. These classes prepare for the three preliminary actuarial examinations jointly administered by the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), and the Canadian Institute of Actuaries (CIA).