Academic Catalog 2023-2024

Slippery Rock University

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.

Related Links

Actuarial Science, Minor Program Page

Mathematics and Statistics Department Page

Professional Licensure/Certification Page

Curriculum Guide

GPA Requirement

Minor GPA: 2.0 or higher

Minor Requirements

  • 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 280Theory of Interest3
STAT 352Mathematical Statistics I3
STAT 353Mathematical Statistics II3
Required Courses for Non-Mathematics Majors
Math majors may not count these course in the Actuarial Studies Minor
MATH 225Calculus I4
MATH 230Calculus II4
Select courses from below to reach 24 credits total for this minor: 17-15
Financial Accounting
Managerial Accounting
Fundamentals of Database Systems
Principles of Macroeconomics
Principles of Microeconomics
Macroeconomic Analysis
Microeconomic Analysis
Critical Choices in Health Care Policy
Introduction to Econometrics
Introduction to Professional Writing
Managerial Finance
Financial Markets and Institutions
Intermediate Corporate Finance
Principles of Insurance
Calculus III
Deterministic Models of Operations Research
Numerical Mathematics
Mathematical Modeling
Actuarial Mathematics
Life Contingencies
Introduction to Statistical Modeling
Nonparametric Statistics
Statistical Computing
Mathematical Statistics III
Statistical Learning
Total Hours24

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
Revised 07.27.2021
UCC 10.13.2020