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  Academic Programs / Business & Management

Actuarial Science

Department of Risk, Insurance & Healthcare Management

Bonnie Averbach, Associate Professor, Program Director
Ritter Annex 475

Krupa S. Viswanathan, Assistant Professor
Ritter Annex 471

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 four 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 course work 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 website at

Summary of 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 0262 or Actuarial Science 0061. 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 to calculate the GPA in the major.


Requirements of Actuarial Science Major

Required courses      
Department Course # Course Name Hours RCI
Actuarial Science 0001 Introduction to Actuarial Science 3  
Actuarial Science 0061 Basic Actuarial Mathematics 3  
Actuarial Science 0101 Theory of Interest 3  
Actuarial Science W218 Casualty Contingencies 3 WI
Actuarial Science 0305 Actuarial Modeling I 3  
Actuarial Science 0306 Actuarial Modeling II 3  
Statistics 0351* Intermediate Business Statistics 3  
International course – select one: 3  
Economics 0250 International Trade    
Economics 0251 International Monetary Economics    
Finance 0250 International Financial Markets    
Finance 0251 International Financial Management    
GSM 0380 Global Strategic Management    
HRM 0201 International Human Resource Mgt    
Law and Business 0106 International Law    
Marketing 0250 International Marketing    
Economics 0200** Any 200 level Economics, excluding 0288 or 0289 0-3  
Business Elective   Select one elective from business dept. 0100-0399 0-3  
Subtotal     27  
*Satisfies the technology requirement for the major.    
**If either Economics 0250 or 0251 is taken to fulfill the Economics 200 elective, this class will also fulfill the International requirement. You will need to take an additional business elective.         

Non-Business Required courses

Department Course # Course Name Hours RCI
Math C085 Calculus I* 4 SA
Math C086 Calculus II* 4 SB
Math 0127 Calculus III 4  
Actuarial Science 0262 Actuarial Probability and Statistics** 3  
Statistics 0212 Intermediate Statistics** 3  
Math 0333 Introduction to Probability Models 3  
Total     21  
*Math C085 & C086 replace the Statistics C011 & C012 requirements listed for
Fox School of Business & Management course requirements.
**Actuarial Science 0262 and Statistics 0212 replace the Statistics C021 & 0022
requirements listed for Fox School of Business & Management course requirements.

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