Actuarial Science Curriculum
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
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.
Sample Plans
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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 |
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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 |