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    Actuarial Science Major

    Department of Mathematics

    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. This 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, to meet with a faculty advisor.

    Requirements for the Major

    Math Program Prerequisites:
    As a preliminary requirement, students must complete the calculus prerequisite, which may be achieved by any one of the six options.
    Option 1 Calculus AP Exam (BC) with a score of 4 or 5 (transfers to Baruch as MTH 3010 Calculus II)

    And one of the following

    MTH 3020 Intermediate Calculus or

    MTH 3050 Multi-Variable and Vector Calculus *

    8 credits
    or
    Option 2 Calculus AP Exam (AB) with a score of 4 or 5 (transfers to Baruch as MTH 2610 Calculus I)

    And

    MTH 3010 Calculus I

    And one of the following

    MTH 3020 Intermediate Calculus or

    MTH 3050 Multi-Variable and Vector Calculus *

    12 credits
    or
    Option 3 MTH 2610 Calculus I or MTH 2600 Calculus I with Trigonometry Refresher

    And

    MTH 3010 Calculus II

    And one of the following

    MTH 3020 Intermediate Calculus or

    MTH 3050 Multi-Variable and Vector Calculus *

    12 credits
    or
    Option 4 MTH 2205 or MTH 2206 Applied Calculus

    or

    MTH 2207 Applied Calculus and Matrix Applications

    And the following two courses:

    MTH 3006 Integral Calculus

    MTH 3030 Analytic Geometry and Calculus II

    12 – 13 credits
    or
    Option 5 MTH 2205 or MTH 2206 Applied Calculus

    or

    MTH 2207 Applied Calculus and Matrix Applications

    And

    MTH 3006 Integral Calculus

    And

    MTH 3007 Infinite Series

    And one of the following

    MTH 3020 Intermediate Calculus or

    MTH 3050 Multi-Variable and Vector Calculus *

    12 – 13 credits
    or
    Option 6 MTH 2630 Analytic Geometry and Calculus I

    And

    MTH 3030 Analytic Geometry and Calculus II

    10 credits
    * MTH 3050 is not open to students who completed MTH 3020, MTH 3030, MTH 3035, or their equivalent.
    Business Program Prerequisites **
    ACC 2101 Principles of Accounting 3 credits
    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

    MTH 3300

    Algorithms, Computers, and Programming I

    3 credits

    MTH 4120

    Introduction to Probability **

    4 credits

    MTH 4410

    Theory of Interest

    4 credits

    Students must also complete three of the following five courses:

    MTH 4420

    Actuarial Mathematics I

    4 credits

    MTH 4421

    Actuarial Mathematics II

    4 credits

    MTH 4451

    Short-Term Mathematics

    4 credits

    MTH 4452

    Short-Term Mathematics II

    4 credits

    MTH 4430

    Mathematics of Inferential Statistics

    4 credits

    ** Students who have completed MTH 3120 cannot enroll in MTH 4120. They must satisfy the probability requirement by registering for MTH 4119 as an independent study (please consult the Department of Mathematics).

    In addition, one course must be chosen from the following list of electives:

    MTH 4115

    Numerical Methods for Differential Equations in Finance

    4 credits

    MTH 4125

    Introduction to Stochastic Processes

    4 credits

    MTH 4130

    Mathematics of Data Analysis (formerly Mathematics of Statistics)

    4 credits

    MTH 4135

    Computational Methods in Probability

    3 credits

    MTH 4420

    Actuarial Mathematics I

    4 credits

    MTH 4421

    Actuarial Mathematics II

    4 credits

    MTH 4430

    Mathematics of Inferential Statistics

    4 credits

    MTH 4451

    Short-Term Mathematics

    4 credits

    MTH 4452

    Short-Term Mathematics II

    4 credits

    MTH 4500

    Introductory Financial Mathematics

    4 credits

    MTH 4600

    Data Analysis and Simulation for Financial Engineers

    4 credits

    MTH 5500

    Stochastic Calculus for Finance

    4 credits

    The following courses are recommended, but not required. They are not applicable toward the major.

    ECO 3100

    Intermediate Micro-Economics

    3 credits

    ECO 3200

    Intermediate Macro-Economics

    3 credits

    Students are expected to complete the major requirements in place at the time they are officially accepted into their programs. Please review the College Bulletin for the relevant academic year.

    Contact

    Department of Mathematics
    646-312-4110

    Professor Warren Gordon
    646-312-3920

    Professor Timothy Ridenour


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