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    Western Michigan University
   
 
  Sep 23, 2017
 
 
    
Undergraduate Catalog 2017-18

Mathematics Minor - Actuarial Sciences Option


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The profession of an actuary is rewarding and consistently rated among the top of all professionals by U.S. News and World Report. Interested students should check out the website www.beanactuary.org maintained by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).

The Actuarial Sciences Minor is intended for majors in either mathematics (applied or general) or statistics. Students may elect this minor if their major program includes at least three semesters of calculus, including multivariate calculus (e.g. MATH 1220-1230-2720 or MATH 1700-1710-2720), a course in linear algebra (e.g. MATH 2300 or 3740), and a calculus-based sequence in probability and statistics (e.g. STAT 3620-3640). Students with other majors, for example, economics or engineering, may still elect this minor if they take the above courses.

Students interested in the Actuarial Sciences Minor may plan their program using the information below. Approval from an actuarial sciences advisor in either the Department of Mathematics or the Department of Statistics is required.

Core Requirement


Additional Required Courses


Additional required courses are the Validation by education experience (VEE) courses below. A grade of “B” or better is required by the SOA and the CAS for coursework to substitute for an exam.

VEE - Applied Statistical Methods


VEE - Corporate Finance


Cognates


These classes should have been taken as part of the major.

Additional Information


Students preparing to be an actuary should also consider courses in business (e.g., marketing), computer science, communication, English, the the humanities. According to the Society of Actuaries: “Actuaries need a well-rounded education. What sets actuaries apart from other professionals is their ability to learn and assimilate a wide range of information.”

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