Actuarial Mathematics and Statistics Minor

Actuarial science is a growing field with opportunities for rewarding, well-compensated careers. Actuaries serve organizations of many kinds by managing risk to help industries decrease the probability of unfavorable events. While a specific major is not required to enter the field, a minor in actuarial mathematics and statistics offers students an opportunity to assess their interest in this career while strengthening overall skills in mathematics and statistics.  

The Actuarial Mathematics and Statistics minor is aimed at students interested in actuarial science with a primary area of study in business-related fields. The minor complements courses traditionally offered by the Business School on accounting, finance and risk management. Completion of the minor helps students prepare for professional actuarial exams necessary to enter the field. For rigorous preparation with a broader view of mathematics, students may also choose to major or double major in mathematics with an actuarial emphasis. 

Minor Requirements (18 Hours)


Course Title Credits
MATH 141Calculus I4
MATH 142Calculus II4
MATH 241Vector Calculus3
Total Credit Hours11

 Core Courses

Course Title Credits
MATH 511Probability3
STAT 512Mathematical Statistics3
STAT 513Theory of Statistical Inference3
Select three of the following:9
Applied Linear Algebra
Linear Algebra
Financial Mathematics I
Financial Mathematics I
Financial Mathematics II
Financial Mathematics II
Ordinary Differential Equations
Nonlinear Optimization
Discrete Optimization
Discrete Mathematics I
Forecasting and Time Series
Applied Stochastic Processes
Big Data Analytics
Big Data Analytics
Total Credit Hours18

Note: Only one of MATH 344/MATH 544 may be counted for the minor.