# Actuarial Science Minor

**This program is available at the following locations:**

**Corvallis****Ecampus**

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.

Code | Title | Credits |
---|---|---|

Required | ||

MTH 251 | *DIFFERENTIAL CALCULUS | 4 |

MTH 252 | INTEGRAL CALCULUS | 4 |

MTH 253 | INFINITE SERIES AND SEQUENCES | 4 |

or MTH 264 & MTH 265 | INTRODUCTION TO MATRIX ALGEBRA and INTRODUCTION TO SERIES | |

or MTH 306 | MATRIX AND POWER SERIES METHODS | |

MTH 254 | VECTOR CALCULUS I | 4 |

MTH 341 | LINEAR ALGEBRA I | 3 |

MTH 361 | INTRODUCTION TO PROBABILITY | 3 |

Select at least two upper division courses from the following: | 6-8 | |

INTRODUCTION TO NUMERICAL ANALYSIS | ||

PROBABILITY I | ||

PROBABILITY II | ||

PROBABILITY III | ||

ACTUARIAL MATHEMATICS | ||

METHODS OF DATA ANALYSIS | ||

METHODS OF DATA ANALYSIS | ||

METHODS OF DATA ANALYSIS | ||

INTRODUCTION TO MATHEMATICAL STATISTICS | ||

INTRODUCTION TO MATHEMATICAL STATISTICS | ||

PROBABILITY, COMPUTING, AND SIMULATION IN STATISTICS | ||

APPLIED STOCHASTIC MODELS | ||

Total Credits | 28-30 |

- *
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**