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 courses:

ECO 1001 Micro-Economics 3 credits
ECO 1002 Macro-Economics 3 credits

Required Courses

MTH 3020 Intermediate Calculus 4 credits
or

MTH 3030 Analytic Geometry and Calculus II 5 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, two courses must be chosen from the following list of electives:

Electives

MTH 3300 Algorithms, Computers, and Programming I
3 credits
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
ECO 3100* Intermediate Micro-Economics 3 credits
ECO 3200 Intermediate Macro-Economics 3 credits

* Actuarial science majors are encouraged to select this course.

Mathematics Majors                                     

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 4000-level or 5000-level 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 Equation 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  Macro-Economics 3 credits
FIN  3000   Principles of Finance  3 credits
FIN  3610   Corporate Finance 3 credits

The City University of New York