Actuarial Science Curriculum

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Our Actuarial Science degrees offer preliminary exam coursework and additional math experiences to build a strong analysis and problem-solving foundation. In our program, you will also be exposed to a range of multidisciplinary topics including actuarial science, finance, computer science, statistics, and economics to equip you with tools critical for an analytical business professional.

Actuarial Program Specifics 

Plan Requirements

Actuarial Course Descriptions

Information Before You Declare

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CSE Actuarial Sample Plan - Example

 

Fall Freshman Year 

 

Spring Freshman Year 

 

Summer Freshman Year 

 

 

 

 

Math 1271 or 1371 or 1571H

Calculus I (4cr)

 

Math 1272 or 1372 or 1572H

Calculus II (4cr)

 

 

Physics 1301W or 1401V

Introductory Physics for Science & Engineering I (4cr)

 

Physics 1302W or 1402V

Introductory Physics for Science & Engineering II – WI (4cr)

 

 

Econ 1101 

Principles of Microeconomics – VEE (4cr)

 

Econ 1102 

Principles of Macroeconomics – VEE (4cr)

 

 

Liberal education requirement 

 

Liberal education requirement

 

 

*Students bringing in a certain AP Credits can take Math 4065 their freshmen year. See an advisor for details.

 

 

Fall Sophomore Year 

 

Spring Sophomore Year 

 

Summer Sophomore Year 

 

Math 2243 or 2373 or 2574H

Linear Algebra and Differential Equations (4cr)

 

Math 2263 or 2374 or 2575H

Multivariable Calculus (4cr)

 

 

Math 4065

Theory of Interest – FM Exam (4cr)

 

Math 3283W

Sequences, Series and Foundations- WI (4cr)

 

Sit Actuarial Exam FM

 

Acct 2050

Introduction to Financial Reporting – VEE(4cr)

 

Stat 3021

Introduction to Probability and Statistics (3cr)

 

 

Csci 1113, 1133, or 1103

C++, Python, or Java  (4cr)

 

Ins 4100 OR Ins 4200

Corporate risk management or 

Insurance Theory and Practice (2cr)

 

 

 

Liberal education requirement

 

 

*Students bringing in certain AP credits are encouraged to take Math 5651 in their Sophomore year. See an advisor for details.

 

 

 

 

Fall Junior Year 

 

Spring Junior Year 

 

Summer Junior Year 

 

Math 5651 or Stat 5101

Theory of Probability – P Exam (4cr)

 

Math 5652

Stochastic Processes (4cr)

 

Sit Actuarial Exam P

 

Math 4242

Applied Linear Algebra (4cr)

 

Math 4281 or 5248 or other theoretical algebra

Introduction to Modern Algebra (4cr) or

Cryptology & Number Theory (4cr)

 

Internship

 

Math 4067W (optional)

Actuarial Mathematics in Practice - WI (3cr)

 

Stat 3032

Regression and Correlated Data (4cr)

 

 

Fina 3001

Fundamental of Finance – VEE (3cr)

 

Two additional insurance courses (optional)

Optional for Ins & Risk Management minor 

 

 

 

 

 

Fall Senior Year

 

Spring Senior Year

 

Summer Senior Year

 

Math 5067

Actuarial Math I – LTAM Exam (4cr)

 

Math 5068

Actuarial Math II – LTAM Exam (4cr)

 

Sit Actuarial Exam L-TAM

(November)

 

Stat 5102

Theory of Statistics II – VEE (4cr)

 

Math 5076 (Optional)

Future Options and Derivatives II (4cr)

 

Sit Actuarial Exam IFM

 

Math 5075 (Optional) (4cr)

Future Options and Derivatives I – IFM Exam (4cr)

 

Liberal education requirement or electives - WI

 

CLA Actuarial Sample Plan - Example

 

Fall Freshman Year 

 

Spring Freshman Year 

 

Summer Freshman Year 

 

Math 1271 or 1371 or 1571H

Calculus I (4cr)

 

Math 1272 or 1372 or 1572H

Calculus II (4cr)

 

 

Foreign language (5cr)

 

Foreign language (5cr)

 

 

Econ 1101 

Principles of Microeconomics – VEE (4cr)

 

Econ 1102 

Principles of Macroeconomics – VEE (4cr)

 

 

Liberal education requirement 

 

Liberal education requirement

 

 

*Students bringing in a certain AP Credits can take Math 4065 their freshmen year. See an advisor for details.

 

 

 

 

Fall Sophomore Year 

 

Spring Sophomore Year 

 

Summer Sophomore Year 

 

Math 2243 or 2373 or 2574H

Linear Algebra and Differential Equations (4cr)

 

Math 2263 or 2374 or 2575H

Multivariable Calculus (4cr)

 

 

Math 4065

Theory of Interest – FM Exam (4cr)

 

Math 3283W

Sequences, Series and Foundations- WI (4cr)

 

Sit Actuarial Exam FM in Feb

 

Csci 1113, 1133, or 1103

C++, Python, or Java  (4cr)

 

Stat 3021

Introduction to Probability and Statistics (3cr)

 

 

Foreign language

 

Foreign language 

 

 

*Students bringing in certain AP credits are encouraged to take Math 5651 in their Sophomore year. See an advisor for details.

 

 

 

 

Fall Junior Year 

 

Spring Junior Year 

 

Summer Junior Year 

 

Math 5651 or Stat 5101

Theory of Probability – P Exam (4cr)

 

Math 5652

Stochastic Processes (4cr)

 

Sit Actuarial Exam P

 

Math 4242

Applied Linear Algebra (4cr)

 

Math 4281 or 5248 or other theoretical algebra

Introduction to Modern Algebra (4cr) or

Cryptology & Number Theory (4cr)

 

Internship

 

Stat 3032

Regression and Correlated Data (4cr)

 

Math 4067W (optional)

Actuarial Mathematics in Practice - WI (3cr)

 

 

Ins 4100 OR Ins 4200

Corporate risk management or 

Insurance Theory and Practice (2cr)

 

Acct 2050

Introduction to Financial Reporting – VEE(4cr)

 

 

 

 

 

Fall Senior Year

 

Spring Senior Year

 

Summer Senior Year

 

Math 5067

Actuarial Math I – LTAM Exam (4cr)

 

Math 5068

Actuarial Math II – LTAM Exam (4cr)

 

Sit Actuarial Exam L-TAM

(November)

 

Fina 3001

Fundamental of Finance – VEE (3cr)

 

Math 4997W

Senior capstone project (1cr)

 

Sit Actuarial Exam IFM

 

Liberal education requirement

 

Stat 5102

Theory of Statistics II – VEE (4cr)

 

 

Math 5075 (Optional)

Future Options and Derivatives I – IFM Exam (4cr)

 

Liberal education requirement

 

CLA or CSE?

The college you apply to upon admission to the University of Minnesota dictates which degree (BA or BS) you will earn, and a well-rounded education will be earned whether through the College of Liberal Arts or the College of Science and Engineering. Placement and hiring rates are equivalent between both degrees, so we encourage you to choose based on your own strengths and interests.

College of Liberal Arts (CLA) 

The Bachelor of Arts option includes a foreign language requirement and Senior (capstone) project.

College of Science and Engineering (CSE) 

The Bachelor of Science option requires two semesters of calculus-based physics prior to major declaration.    


Our actuarial academic advisors are an important resource in helping you create the course plan that fits your specific needs and make the most of your time in the program.  You are encouraged to meet regularly with your advisor. 

To set up an appointment with one of our actuarial academic advisors, email ugrad@math.umn.edu.

 

  Minor Degree Possibilities