Actuarial Science, Minor
Actuaries use mathematics, statistics, predictive analytics, finance, and economics to predict the occurrence of uncertain events and their financial impact to minimize risk in business, finance, government, insurance, retirement planning, etc. Actuarial careers are always listed among the top ten jobs in the world based on salary, work/life balance, low levels of stress, and lateral and upward mobility. It is one of the most clearly defined career paths for mathematicians. The advanced training actuaries acquire in predictive analytics enables them to make important contributions to many fields including sports analytics. The Actuarial Science Minor provides the coursework to prepare students for up to five actuarial exams and Validation by Educational Experience (VEE) credit in all three areas approved by the Society of Actuaries.
To access Minor Requirements, please view the Curriculum Guide tab.
Minor GPA: 2.0 or higher
- Students must complete at least 9 credit hours of MATH/STAT in their minor from SRU
- Students enrolled in both the Minor in Actuarial Science and Minor in Statistics must complete at least 9 credits in each of these minors that are NOT being counted in the other.
- Mathematics majors must choose at least 15 credit hours in this minor distinct from those being counted toward the major.
- A minimum of 6 credit hours must be upper division (courses numbered 300 and above)
- A minor shall be no fewer than 18 credits.
- Note: VEE Credit – complete requirements for Society of Actuaries VEE credit in at least two areas. Students must earn a 'B' or better in each course in the VEE areas in order to earn the credit.
- VEE Areas:
|Required Courses for Minor in Actuarial Studies|
|MATH 280||Theory of Interest||3|
|STAT 352||Mathematical Statistics I||3|
|STAT 353||Mathematical Statistics II||3|
|Required Courses for Non-Mathematics Majors|
|Math majors may not count these course in the Actuarial Studies Minor|
|MATH 225||Calculus I||4|
|MATH 230||Calculus II||4|
|Select courses from below to reach 24 credits total for this minor: 1||7-15|
|Fundamentals of Database Systems|
|Principles of Macroeconomics|
|Principles of Microeconomics|
|Critical Choices in Health Care Policy|
|Introduction to Econometrics|
|Introduction to Professional Writing|
|Financial Markets and Institutions|
|Intermediate Corporate Finance|
|Principles of Insurance|
|Deterministic Models of Operations Research|
|Introduction to Statistical Modeling|
|Mathematical Statistics III|
Some courses may require pre-requisites. Please see course descriptions to determine if there are any pre-requisites for that specific course.
Important Curriculum Guide Notes
This Curriculum Guide is provided to help SRU students and prospective students better understand their intended major curriculum. Enrolled SRU students should note that the My Rock Audit may place already-earned and/or in progress courses in different, yet valid, curriculum categories. Enrolled SRU students should use the My Rock Audit Report and materials and information provided by their faculty advisers to ensure accurate progress towards degree completion. The information on this guide is current as of the date listed. Students are responsible for curriculum requirements at the time of enrollment at the University.
PASSHE - Pennsylvania State System of Higher Education Institutions
Minor in Actuarial Science (52H)
This program is effective as of Fall 2021