Spring 2024 Trine Course Catalog

Bachelor of Science – Actuarial Science Major (120 hrs.)

The Bachelor of Science with a major in Actuarial Science program at Trine University prepares students for a career as an actuary. Graduates will have the knowledge and skills to pass the preliminary exams P (Probability) and FM (Financial Mathematics) as given by the Society of Actuaries, as well as the foundation needed to prepare to pass the remaining exams offered by the society. Courses in the Bachelor of Science with a major in Actuarial Science program include the broad range of mathematics, probability and finance needed for success in the actuarial profession. Students will learn to solve problems in a non-deterministic setting using appropriate statistical and probabilistic methods, and to solve problems in a deterministic setting in finance and investments. They also will apply probabilistic and statistical tools and methods to areas such as finance, investments, insurance and risk analysis. Graduates who eventually pass actuarial exams can be employed by the government or by any business that needs to manage financial risk, including insurance companies, consulting firms, large corporations, hospitals, banks and investment firms.

Outcomes

Apply mathematical and statistical skills to course-specific settings and problems requiring knowledge from multiple fields of mathematics and actuarial science.

Identify and propose solutions to real world problems involving risk and uncertainty.

Complete the requirements for all Validation by Educational Experience as laid out by the Society Of Actuaries in order to gain an understanding of economics, finance, accounting, and statistics.

Apply key concepts and foundational skills as associated with the preliminary exams P (Probability) and FM (Financial Mathematics) as given by the Society Of Actuaries (SOA) and to gain the foundations to study for future exams offered by the SOA.

Degree Requirements

General Education Requirements - 33 hours

Communication – 9 hrs.

ENG 133Technical Communication

3

Or

ENG 143College Composition

3

 

HUM 203Humanities Seminar

3

 

SP 203Effective Speaking

3

Or

COM 163Interpersonal Communication

3

Humanities and Social Science – 9 hrs.

ECO 213Microeconomics

3

ECO 223Macroeconomics

3

PHL 343Logic

3

Mathematics and Science – 12 hrs.

MA 134Calculus I

4

 

PH 224University Physics I

4

PH 234University Physics II

4

 

Or

 

CH 104General Chemistry I

4

CH 114General Chemistry II

4

 

Or

 

BIO 114Principles of Biology I

4

BIO 124Principles of Biology II

4

Other – 3 hrs.

CSIT 163Using Programming to Solve Problems

3

Or

CS 1113Introduction to Object-Oriented Program

3

Content Requirements - 87 hours

Required

UE 101University Experience

1

Content – 49 hrs.

A grade of “C” or higher is required for each content course in the major.

MA 164Calculus II

4

MA 213Calculus III

3

MA 233Differential Equations

3

MA 313Introduction to Linear Algebra

3

MA 343Introduction to Proofs

3

MA 3093Probability

3

MA 393Probability & Statistics

3

MA 3193Financial Mathematics

3

MA 3293Advanced Probability & Statistics

3

MA 403Real Analysis

3

MA 4093Actuarial Modeling

3

 

AC 203Accounting I

3

AC 213Accounting II

3

BA 213Business Spreadsheets

3

FIN 303Managerial Finance

3

FIN 403Investments

3

Free Electives – 37 hrs.

Electives are determined in conjunction with an advisor and based on student career objectives.

General Electives (37)

37

Total Credit Hours: 120