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  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  

 


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