Academic Programs / Business & Management
Actuarial Science
Department of Risk, Insurance & Healthcare Management
Krupa S. Viswanathan, Associate Professor, Program Director
Alter Hall 629
215-204-6183
krupa@temple.edu
www.fox.temple.edu/mcm_people/krupa-s-viswanathan/
www.fox.temple.edu/dept/rihm/
Actuaries are highly-educated business executives who specialize in the evaluation of insurance and financial risks. They hold positions of responsibility with insurance companies, consulting firms, investment banks, self-insurers, government regulators, and government insurance programs. Because of their valuable talents and expertise, actuaries are generally well compensated and often rise to the highest levels of management. While undergraduates, students prepare for and take some of the professional examinations given by the Society of Actuaries and the Casualty Actuarial Society. The material in the first five actuarial exams include calculus-based probability with applications in risk management, theory of interest, actuarial mathematics, finance, and loss distributions.
Students should meet with the program director as soon as they enter the actuarial science program. In addition to their coursework and professional examinations, students are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368, or visit the web site at www.sigmachapter.org.
Summary of Requirements
University Requirements
All new students starting in academic year 2012-2013 and beyond are required to complete the university's General Education (GenEd) curriculum.
Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.
College Requirements
Students are strongly encouraged to take the professional actuarial exams immediately after completing the relevant coursework. Students can sit for the Society of Actuaries Exam P/Casualty Actuarial Exam 1 immediately after taking Actuarial Science 2101. Students must meet the College Graduation Requirements including the requirements of the major listed below. Students must attain a 2.0 cumulative GPA and 2.0 in the major to graduate with the actuarial science major. Use the major GPA calculator at www.fox.temple.edu/advising to calculate the GPA in the major.
Major Requirements for new students
Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.
Suggested Sequence for new students
Requirements of Actuarial Science Major
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| Actuarial Science |
1501 |
Introduction to Actuarial Science |
3 |
|
| Actuarial Science |
2502 |
Theory of Interest |
3 |
|
| Actuarial Science |
2503* |
Corporate Finance for Actuarial Science |
3 |
|
| Actuarial Science |
3501 |
Actuarial Modeling I |
3 |
|
| Actuarial Science |
3502 |
Actuarial Modeling II |
3 |
|
| Actuarial Science |
3596** |
Casualty Contingencies |
3 |
WI |
| Subtotal |
|
|
18 |
|
* Actuarial Science
2503 replaces Finance 3101 (Financial Management) in the upper division foundation.
This course is not calculated in the major GPA. |
| **This is the major capstone and all prerequisites must be met. |
Non-Business Required courses
| Subject |
Course # |
Course Title |
Hours |
| Math |
1041* |
Calculus I* |
4 |
| Math |
1042* |
Calculus II* |
4 |
| Math |
2043 |
Calculus III |
4 |
| Actuarial Science |
2101** |
Actuarial Probability & Statistics** |
3 |
| Statistics |
2512** |
Intermediate Statistics** |
3 |
| Subtotal |
|
|
18 |
*Math 1041 & 1042 replace the Statistics 1001 & 1102 requirements listed in the
Fox School
of Business
&
Management foundation course requirements. Math 1041 also satisfies the Quantitative Literacy (GQ)
requirement for GenEd. |
**These courses replace Statistics 2103 in the Fox School of Business & Management foundation course
requirements. |
Suggested Sequence of Actuarial Science Major
Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.
| Semester I - Fall |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| Mathematics |
1041 |
Calculus I {waives GenEd GQ requirement} |
4 |
|
| English |
0802, 0812 or 0902 |
Analytical Reading & Writing |
4 |
GW |
| Economics |
1101 |
Macroeconomic Principles |
3 |
|
| HRM |
1101 |
Leadership & Organizational Management |
3 |
|
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| Subtotal |
|
|
17 |
|
| |
| Semester II - Spring |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| IH |
0851 or 0951 |
Mosaic: Humanities Seminar I |
3 |
GY |
| Mathematics |
1042 |
Calculus II |
4 |
|
| Economics |
1102 |
Microeconomic Principles |
3 |
|
| Legal Studies |
1101 |
Legal Environment of Business |
3 |
|
| Actuarial Science |
1501 |
Introduction to Actuarial Science |
3 |
|
| Subtotal |
|
|
16 |
|
| |
| Semester III - Fall |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| IH |
0852 or 0952 |
Mosaic: Humanities Seminar II |
3 |
GZ |
| MIS |
2101 |
Information Systems in Organizations |
3 |
|
| Actuarial Science |
2502 |
Theory of Interest |
3 |
|
| Accounting |
2101 |
Financial Accounting |
3 |
|
| Mathematics |
2043 |
Calculus III |
4 |
|
| Subtotal |
|
|
16 |
|
| |
| Semester IV - Spring |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| Accounting |
2102 |
Managerial Accounting |
3 |
|
| BA |
2101 |
Professional Development Strategies |
1 |
|
| BA |
2196 |
Business Communications |
3 |
WI |
| Actuarial Science |
2101 |
Actuarial Probability & Statistics |
3 |
|
| Actuarial Science |
2503 |
Corporate Finance for Actuarial Science |
3 |
|
| RMI |
2101 |
Introduction to Risk Management |
3 |
|
| Subtotal |
|
|
16 |
|
| |
| Semester V - Fall |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| BA |
3102 |
Business Society & Ethics |
3 |
|
| Statistics |
2512 |
Intermediate Statistics |
3 |
|
| Actuarial Science |
3501 |
Actuarial Modeling I |
3 |
|
| Marketing |
2101 |
Marketing Management |
3 |
|
| MSOM |
3101 |
Operations Management |
3 |
|
| Subtotal |
|
|
15 |
|
| |
| Semester VI - Spring |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| BA |
3103 |
Integrative Business Applications |
3 |
|
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| Free Elective |
|
Free Elective
(MATH 4033: Probability
Theory II
is recommended) |
3 |
|
| RMI |
3567 |
International Risk Management |
3 |
|
| Actuarial Science |
3502 |
Actuarial Modeling II |
3 |
|
| Subtotal |
|
|
15 |
|
| |
| Semester VII - Fall |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| BA |
4101 |
Global Business Policies |
3 |
|
| Actuarial Science |
3596 |
Casualty Contingencies |
3 |
WI |
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| Free Elective |
|
Free Elective
(Statistics 3503:
Intermediate
Business
Statistics is recommended) |
3 |
|
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| Subtotal |
|
|
15 |
|
| |
| Semester VIII - Spring |
| Subject |
Course # |
Course Title |
Hours |
Attribute |
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
| Free Elective |
|
Free Elective (Actuarial Science 3503:
Actuarial Modeling III is recommended) |
3 |
|
| Free Elective |
|
|
2 |
|
| Subtotal |
|
|
14 |
|
| |
| Total credits for the B.B.A. in Actuarial Science: |
124 |
|
|