Skip Navigation
search: People Opens New Window | Departments Opens New Window | Penn State Opens New Window | Web Opens New Window
Penn State mark
Penn State mark
University Bulletin
Undergraduate Degree Programs

Business, Smeal College

Actuarial Science (ACTSC) - ARCHIVE

ARCHIVED FILE
Begin Date: Summer Session 2003
End Date: Fall Semester 2006-UCA

Actuarial Science - ARCHIVE

University Park, Smeal College of Business (ACTSC)

PROFESSOR ARNOLD F. SHAPIRO, in charge

An actuary is a business professional who uses mathematical skills to define, analyze, and solve business and social problems. Actuaries generally are employed in life, health, and casualty insurance companies, consulting firms, and government.

The courses in the Actuarial Science major stress the application of mathematical and statistical concepts to the measurement of life and other contingencies, while at the same time giving the student a broad understanding of the business environment.

Actuarial Science majors are encouraged to begin the series of professional examinations leading to Associateship and Fellowship in either the Society of Actuaries (A.S.A./F.S.A.) or the Casualty Actuarial Society (A.C.A.S./F.C.A.S.). Graduating students will have studied four of the five subjects that must be passed to qualify as an A.S.A. and four of the seven subjects needed to qualify as an A.C.A.S. They commonly have passed at least the first two parts of these professional examinations by the time they graduate.

For the B.S. degree in Actuarial Science, a minimum of 130 credits is required.

Scheduling Recommendation by Semester Standing given like (Sem: 1-2)

GENERAL EDUCATION: 45 credits
(15 of these 45 credits are included in the REQUIREMENTS FOR THE MAJOR)
(See description of General Education in front of Bulletin.)

FIRST-YEAR SEMINAR:
(Included in ELECTIVES or GENERAL EDUCATION course selection)

UNITED STATES CULTURES AND INTERNATIONAL CULTURES:
(Included in ELECTIVES or GENERAL EDUCATION course selection)

WRITING ACROSS THE CURRICULUM:
(Included in REQUIREMENTS FOR THE MAJOR)

ELECTIVES: 6-8 credits

REQUIREMENTS FOR THE MAJOR: 92-94 credits
(This includes 15 credits of General Education courses: 3 credits of GWS courses; 6 credits of GQ courses; and 6 credits of GA, GH, or GS courses.)

PRESCRIBED COURSES (69 credits)
MATH 140 GQ(4), MATH 141 GQ(4) (Sem: 1-2)
ACCTG 211(4), CMPSC 203 GQ(4), ECON 002 GS(3), ECON 004 GS(3) (Sem: 1-4)
B A 301(2), B A 302(2), B A 303(2), B A 304(2), B A 411(3) (Sem: 5-6)
ENGL 202D GWS(3), MATH 220 GQ(2), MATH 230(4), STAT 414(3), STAT 415(3) (Sem: 5-6)
INS 301(3), INS 310W(3)[1], INS 320(3), INS 401(3)[1], INS 410(3)[1], INS 411(3)[1], INS 412(3)[1] (Sem: 5-8)

ADDITIONAL COURSES (10-12 credits)
MS&IS 200(4) or STAT 200(4) (Sem: 1-2)
M I S 204(2) or IST 110 GS(3) (Sem: 3-4)
B A 243(4) or B A 241(2) and B A 242(2) (Sem: 3-4)

SUPPORTING COURSES AND RELATED AREAS (13 credits)
Select 4 credits: Attainment of 12th credit level proficiency in a single foreign language. Proficiency must be demonstrated by either examination or course work (Sem: 1-4)
Select 6 credits of Global Awareness and Understanding from approved course list (credits must be taken in GA, GH, or GS) (Sem: 1-8)
Select 3 credits of supporting coursework. See Department List. (Sem: 5-8)

[1] A student enrolled in this major must receive a grade of C or better, as specified in Senate Policy 82-44.

Last Revised by the Department: Summer Session 2003

Blue Sheet Item #: 31-06-005

Review Date: 10/06/05

BA

Search
CourseInfo

Look up course abbreviations

Course descriptions are stored in LionPATH, the University-wide student information system. Please visit the LionPATH Course Catalog to access current course descriptions. At that point, you will be leaving the University Bulletin website.



Skip Popular Searches
  1. Bachelor of Arts Degree Requirements
  2. General Education: United States Cultures and International Cultures
  3. Course Index
  4. Graduate Degree Programs Bulletin
  5. General Education: Arts
  6. General Education: Humanities
  7. General Education: Health and Physical Activity
  8. General Education: Natural Sciences
  9. General Education: Social and Behavioral Sciences
  10. General Education: Writing/Speaking