Sep 24, 2022  
2013-14 Undergraduate Academic Catalog 
    
2013-14 Undergraduate Academic Catalog [ARCHIVED CATALOG]

Actuarial Science, B.S.


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Program Director:

Dr. Yvonne Yaz
Office: L321
Phone: (414) 277-7423
Email: yaz@msoe.edu

Do you like mathematics but don’t want to become an engineer? Then the field of actuarial science might be for you.

In fact, actuarial science is rated as one of the best jobs in the United States. In almost every category, such as work environment, employment outlook, job security, growth opportunity and especially salary, a career as an actuary is hard to beat.

Actuaries are professionals who use math and statistics to manage risk, evaluate the likelihood of future events and reduce the likelihood and impact of undesirable events.

Program Educational Objectives

Graduates of the BS in Actuarial Science program will:

  • demonstrate comprehensive knowledge and skills in applied mathematics.
  • demonstrate comprehensive knowledge and skills in computer programming and computer applications such as: spreadsheets, presentation software, statistical analysis programs, database management, programming languages and linear/nonlinear/dynamic programming.
  • display an understanding of professional and ethical responsibilities.
  • display appropriate in-depth communications, management and teamwork skills, associated with the practical and professional aspects of operations research.
  • be well prepared to be accepted and successfully complete an MS program in operations research at a university in the United States.

Student Outcomes

Upon graduation, students of the BS in Actuarial Science program should have:

  • obtained general applied mathematics knowledge: single and multivariable calculus, linear algebra, and differential equations.
  • obtained general mathematical modeling and strong probability and statistics knowledge: statistics, probability, mathematical modeling, applied probability models, game theory, linear and non-linear programming.
  • have obtained general computational knowledge by completing courses such as: Visual Basic, Java, Computational Methods and Applications
  • have completed business courses: Micro and Macro Economics, Principles of Accounting, Production Management, Applied Operations Management, Advanced Operations Management, and Quantitative Management Techniques
  • have completed the course: Ethics for Professional Managers and Engineers
  • have completed communication courses: Composition, Technical Composition, Business Communication and Speech.

Actuarial Science Model Full-time Track V1.0


Year One


Year Two


Total: 15 lecture hours - 0 lab hours - 15 credits

Total: 16 lecture hours - 0 lab hours - 16 credits

Total: 16 lecture hours - 3 lab hours - 17 credits

Year Three


Total: 16 lecture hours - 0 lab hours - 16 credits

Winter


  • MA 3630 Probability 4 credits
  • 3 credits
  • Elective (MS) 3 credits
  • Elective (MS) 3 credits
  • Elective (HU/SS) 3 credits
Total: 16 lecture hours - 0 lab hours - 16 credits

Spring


Total: 16 lecture hours - 0 lab hours - 16 credits

Year Four


Fall


Total: 15 lecture hours - 0 lab hours - 15 credits

Winter


  • 3 credits
  • Elective (MA) 3 credits
  • Elective (MS) 3 credits
  • Elective (MA) 3 credits
  • Elective (HU/SS) 3 credits
Total: 15 lecture hours - 0 lab hours - 15 credits

Spring


Total: 15 lecture hours - 0 lab hours - 15 credits

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