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

Penn State University Park

 

ARCHIVED FILE
Begin Date: Spring Semester 2010
End Date: Spring Semester 2012

Actuarial Science - ARCHIVE

University Park, Smeal College of Business (ACTSC)

PROFESSOR AUSTIN JAFFE, Chair of the Department of Insurance and Real Estate

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 six 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.

Entrance Requirement: To be eligible for entrance into the Actuarial Science (ACTSC) major, a degree candidate must be enrolled in the Smeal College of Business or the Division of Undergraduate Studies and satisfy requirements for entrance to the major.

Specific entrance requirements include:

  1. The degree candidate must be taking, or have taken, a program appropriate for entry to the major as shown in the bulletin, including approximately 60 credits of course work.
  2. Complete the following entrance to major requirements: ACCTG 211(4)[1]; ECON 102 GS(3); SCM 200 GQ(4)[1] or STAT 200 GQ(4)[1]; ENGL 015 GWS(3) or ENGL 030 GWS(3); MATH 140 GQ(4)[1]; and MATH 141(4)[1], FIN 301(3)[1]; MGMT 301(3)[1]; and MKTG 301(3)[1]. These courses must be completed by the end of the semester during which the entrance to major process is carried out.
  3. A minimum cumulative grade point average of 3.00 prior to and through to the end of the semester during which the entrance to major process is carried out.

For the B.S. degree in Actuarial Science, a minimum of 130 credits is required with at least 15 credits at the 400 level.

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

GENERAL EDUCATION: 45 credits
(12 of these 45 credits are included in the REQUIREMENTS FOR THE MAJOR)
(See description of General Education in this 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: 8 credits

REQUIREMENTS FOR THE MAJOR: 89 credits
(This includes 12 credits of General Education courses: 3 credits of GWS courses; 6 credits of GQ courses; 3 credits of GS courses.)

PRESCRIBED COURSES (78 credits)
MATH 140 GQ(4)[1], MATH 141 GQ(4)[1] (Sem: 1-2)
ACCTG 211(4)[1], ECON 102 GS(3), FIN 301(3)[1], MGMT 301(3)[1], MKTG 301(3)[1] (Sem: 1-4)
B A 342(3), B A 411(3), B LAW 341(3), ECON 104 GS(3), MIS 204(3), SCM 301(3), ENGL 202D GWS(3), MATH 220 GQ(2), MATH 230(4), STAT 414(3), STAT 415(3)
INS 310W(3)[1], R M 302(3), R M 401(3)[1], R M 410(3)[1], R M 411(3)[1], R M 412(3)[1], R M 430(3) (Sem: 5-8)

ADDITIONAL COURSES (4 credits)
SCM 200 GQ(4)[1] or STAT 200 GQ(4)[1] (Sem: 1-2)

SUPPORTING COURSES AND RELATED AREAS (7 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 (credits count in Electives) (Sem: 1-4)
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: Spring Semester 2010

Blue Sheet Item #: 38-06-039

Review Date: 04/13/2010

UCA Revision #1: 8/2/06

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