This program is available at the following location:

• Corvallis

Also available via Ecampus from Fall 2024.

This minor prepares students for a career as an actuary. Actuarial science is frequently ranked among the top career choices. Actuaries use probability, statistics, fundamentals of calculus, and other mathematical instruments for quantifying, assessing, and managing uncertainties. Actuaries work for insurance companies, banks, investment firms, government institutions, and other businesses where there is a need for risk assessment.

Minor Code: 563

Upon successful completion of the program, students will meet the following learning outcomes:

• Apply concepts of differential and integral calculus to actuarial problems.
• Apply common probability distributions and fundamental probabilistic concepts to risk analysis problems.
• Formulate and analyze idealized problems of risk in insurance and financial mathematics.
• Select the appropriate premium calculation principle. Calculate insurance premiums using standard principles.
• Assess risk for different types of reinsurance products.

A minimum GPA of 2.0 is required in this minor. No course used to fulfill requirements for this minor may be taken S/U. 

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Baccalaureate Core Course (BCC)

The Actuarial Science minor must include 28 credits, at least 12 of which must be upper-division credits.

• Except for MTH 306 and MTH 341, upper-division courses used to satisfy a student's major requirements may not also be used to satisfy requirements for the Actuarial Science minor.
• Except for MTH 306 and MTH 341, upper-division courses used to satisfy a student's additional minor program may not also be used to satisfy requirements for the Actuarial Science minor.

Minor Code: 563