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Actuarial Science Major
The field of actuarial science applies mathematical principles and techniques to problems in the insurance industry. Progress in the field is generally based upon completion of examinations given by the Society of Actuaries. The Baruch College major is designed to prepare students to pass the first two exams of the Society of Actuaries year 2000 exam structure and to provide partial preparation for the third exam. Students interested in this highly structured program are urged to contact the Department of Mathematics as early as possible so that the department may assign an advisor to aid in formulating an appropriate course of study.
Prerequisites
Track I: credits
MTH 2610 Calculus I 4 credits
MTH 3010 Calculus II 4 credits
MTH 3020 Intermediate Calculus 4 credits
or
Track II:
MTH 2630 Analytic Geometry and Calculus I 5 credits
MTH 3030 Analytic Geometry and Calculus II 5 credits
or
Track III:
MTH 2205 Applied Calculus 3 credits
or
MTH 2207 Applied Calculus with Matrix Applications 4 credits
and
MTH 3006 Integral Calculus 4 credits
MTH 3030 Analytic Geometry and Calculus II 5 credits
In addition to the courses above, the following two prerequisite course:
ECO 1001 MicroEconomics 3 credits
ECO 1002 MacroEconomics 3 credits
Required Courses
MTH 3020 Intermediate Calculus 4 credits or MTH 3030 Analytic Geometry and Calculus II 5 credits
MTH 3300 Algorithms, Computers, and Programming I 3 credits
MTH 4120 Introduction to Probability 4 credits
MTH 4410 Theory of Interest 3 credits
MTH 4500 Mathematical Finance 4 Credits
FIN 3000 Principles of Finance 3 credits
FIN 3610 Corporate Finance 3 credits
In addition, one course must be chosen from the following list of electives:
Electives
MTH 4125* Stochastic Processes 4 credits
MTH 4130 Mathematics of Statistics 4 credits
MTH 4135* Methods of Monte Carlo Simulation 3 credits
MTH 4420 Actuarial Mathematics 4 credits
MTH 4421 Actuarial Mathematics II 4 credits
MTH 4451 Risk Theory 4 credits
* Actuarial science majors are encouraged to select this course.
MATHEMATICS MAJOR
The major in mathematics is designed to enable the student to enter the marketplace (industrial or educational) or to pursue further studies in mathematics or allied fields at the graduate level. Interested students are urged to contact the Department of Mathematics as early as possible. The student will be assigned an advisor who will aid in formulating an appropriate course of study. Students who want to teach mathematics in the secondary schools should consult an advisor in the Center for Advisement and Orientation.
Required Courses:
Students may fulfill their calculus requirements by any of the following three alternate calculus tracks:
Track I: credits
MTH 2610 Calculus I 4 credits
MTH 3010 Calculus II 4 credits
MTH 3020 Intermediate Calculus 4 credits
or
Track II:
MTH 2630 Analytic Geometry and Calculus I 5 credits
MTH 3030 Analytic Geometry and Calculus II 5 credits
or
Track III:
MTH 2205 Applied Calculus 3 credits
or
MTH 2207 Applied Calculus with Matrix Applications 4 credits
and
MTH 3006 Integral Calculus 4 credits
MTH 3030 Analytic Geometry and Calculus II 5 credits
All students must take the following two courses.
MTH 3300 Algorithms, Computers and Programming I 3 credits
MTH 4100 Linear Algebra 3 credits
Electives:
Any five 4000level or 5000level courses from the following group:
MTH 4010 Advanced Calculus I 3 credits
MTH 4110 Ordinary Differential Equations 3 credits
MTH 4120 Introduction to Probability 4 credits
MTH 4125 Stochastic Process 3 credits
MTH 4130 Mathematics of Statistics 3 credits
MTH 4135 Methods of Monte Carlo Simulation 3 credits
MTH 4140 Graph Theory 3 credits
MTH 4145 Mathematical Modeling* 3 credits
MTH 4150 Combinatorics 3 credits
MTH 4200 Theory of Numbers 3 credits
MTH 4210 Elements of Modern Algebra 3 credits
MTH 4230 History of Mathematics 3 credits
MTH 4240 Differential Geometry* 3 credits
MTH 4300 Algorithms, Computers and Programming II* 3 credits
MTH 4310 Methods of Numerical Analysis 3 credits
MTH 4315 Mathematical Logic 3 credits
MTH 4320 Fundamental Algorithms 3 credits
MTH 4500 Introduction to Financial Mathematics 4 credits
MTH 5010 Advanced Calculus II* 3 credits
MTH 5020 Theory of Function of a Complex Variable* 3 credits
MTH 5030 Theory of Functions of Real Variables* 3 credits
MTH 5100 Partial Differential Equations
and Boundary Value Problems* 3 credits
* These courses are offered infrequently, subject to student demand.
Math of Finance Concentration:
Students who wish to have a concentration in the Mathematics of Finance should choose the following five electives:
MTH 4110 Ordinary Differential Equations 3 credits
MTH 4120 Introduction to Probability 4 credits
MTH 4125 Stochastic Process 3 credits
MTH 4135 Methods of Monte Carlo Simulation 3 credits
MTH 4500 Introduction to Financial Mathematics 4 credits
In addition, students must take
ECO 1001 Micro Economics 3 credits
ECO 1002 MacroEconomics 3 credits
FIN 3000 Principles of Finance 3 credits
FIN 3610 Corporate Finance 3 credits
