Academic Programs / Business & Management
Actuarial Science
Department of Risk, Insurance & Healthcare Management
Bonnie Averbach, Associate Professor, Program Director
Ritter Annex 475
215-204-8153
bonnie.averbach@temple.edu
www.temple.edu/actuary
Krupa S. Viswanathan, Assistant Professor
Ritter Annex 471
215-204-6183
krupa.viswanathan@temple.edu
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 www.sigmachapter.org/mainpage.php.
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 2101 or Actuarial Science 2501. 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.
Requirements of Actuarial Science Major
Required courses |
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Department |
Course # |
Course Name |
Hours |
RCI |
Actuarial Science |
1501 |
Introduction to Actuarial Science |
3 |
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Actuarial Science |
2501 |
Basic Actuarial Mathematics |
3 |
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Actuarial Science |
2502 |
Theory of Interest |
3 |
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Actuarial Science |
3596 |
Casualty Contingencies |
3 |
WI |
Actuarial Science |
3501 |
Actuarial Modeling I |
3 |
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Actuarial Science |
3502 |
Actuarial Modeling II |
3 |
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Statistics |
3503* |
Intermediate Business Statistics |
3 |
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International course – select one: |
3 |
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Economics |
3563 |
International Trade |
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Economics |
3564 |
International Monetary Economics |
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Finance |
3551 |
International Financial Markets |
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Finance |
3552 |
International Financial Management |
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GSM |
3566 |
Global Strategic Management |
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HRM |
3565 |
International Human Resource Management |
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Law S.B.M. |
3562 |
International Law |
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Marketing |
3553 |
International Marketing |
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Economics |
3500+** |
Any upper-level Economics, excluding 3581 or 3685 |
0-3 |
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Business Elective |
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Select one elective from business dept. 2500+ |
0-3 |
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Subtotal |
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27 |
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*Satisfies the technology requirement for the major. |
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**If either Economics 3563 or 3564 is taken to fulfill the Economics upper-level elective, this class will also fulfill the International requirement. You will need to take an additional business elective. |
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Non-Business Required courses
Department |
Course # |
Course Name |
Hours |
RCI |
Math |
1041 |
Calculus I* |
4 |
QB |
Math |
1042 |
Calculus II* |
4 |
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Math |
2043 |
Calculus III |
4 |
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Actuarial Science |
2101 |
Actuarial Probability and Statistics** |
3 |
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Statistics |
2512 |
Intermediate Statistics** |
3 |
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Math |
4033 |
Introduction to Probability Models |
3 |
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Total |
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21 |
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*Math 1041 & 1042 replace the Statistics 1001 & 1102 requirements listed for
Fox School of Business & Management course requirements. |
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**Actuarial Science 2101 and Statistics 2512 replace the Statistics 2101 & 2102
requirements listed for Fox School of Business & Management course requirements. |
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