Actuarial Science, Minor Minor
Actuarial science is the quantitative analysis of risk. In addition to mathematics and statistics courses, students in actuarial science take classes in finance, economics and computer programming.
At many universities, actuarial sciences is housed in the business department. We believe that the most successful actuaries have an extensive foundation in mathematics and in the broader liberal arts, and therefore our program is housed in our Department of Mathematical Sciences.
While you will take several business classes, you will also be heavily exposed to the broader context in which risk exists in our lives. Through economics courses and other courses in the social sciences and humanities, you will see how actuarial science is not practiced in a vacuum but has real-life implications and impact on businesses, individuals, and communities as a whole.
Students interested in actuarial science should make every effort to prepare themselves in high school by taking four years of challenging math classes. Ideally, students will enter college ready to start in the first semester of calculus.
As students progress in our program, they begin to take the professional exams required of actuaries, making themselves more attractive job candidates. Our location in Milwaukee, the largest city in Wisconsin and home to many large and small companies, also gives our students easier access to internships and part-time jobs compared to smaller cities. If you are looking for more advanced training beyond the bachelor's level, explore our聽. In this program, you can obtain graduate-level training in actuarial science.
Program Type
Minor
Program Format
On Campus
Admission to this minor requires a minimum grade point average of 2.5 in MATH 231, 232, and 233 (or equivalent). These three courses do not count in the minor GPA. Students who have completed these courses with the required grade point average may complete a formal declaration of minor at the department office.
Requirements
Students must complete at least 9 upper-division (numbered 300 and above) credits for the minor in residence at 51猎奇. The College of Letters & Science requires that students attain at least a 2.0 GPA on all credits in the minor attempted at 51猎奇. In addition, students must attain a 2.0 GPA on all minor credits attempted, including any transfer work.
| Code | Title | Credits |
|---|---|---|
| Admission Courses 1 | ||
| One of the following calculus sequences (or an equivalent) | 8-12 | |
&补尘辫;听 &补尘辫;听 | Calculus and Analytic Geometry I and Calculus and Analytic Geometry II and Calculus and Analytic Geometry III | |
&补尘辫;听 | Survey in Calculus and Analytic Geometry I and Survey in Calculus and Analytic Geometry II | |
| Required Courses | ||
| Introduction to Actuarial Science | 3 | |
| Investment Mathematics I | 4 | |
| Linear Algebra and Differential Equations | 3-4 | |
| 辞谤听 | Matrices and Applications | |
| Introduction to Mathematical Statistics I | 3 | |
| Introduction to Mathematical Statistics II | 3 | |
| Intermediate Finance 2 | 3 | |
| Total Credits | 27-32 | |
- 1
Admission to the minor requires a minimum GPA of 2.500 in these courses or an equivalent course sequence. Students who have completed these courses with the required GPA may complete a formal declaration of minor at the department office. These courses do not count in the minor GPA.
- 2
聽should be completed with a grade of B- or better.
Letters & Science Minor Advising
Advising for the minor takes place within the department by a faculty member or staff member. Follow the steps using the "Declare a Minor" button on the department鈥檚 website which may include instructions on how to select a faculty advisor if there is more than one to choose from.
Students who already have an L&S college advisor because their degree plan is in L&S can discuss the minor with them as well since they will be familiar with any minor in L&S. Students who are working on a degree from a 51猎奇 college other than the College of Letters & Science will not need an L&S college advisor for just a minor and one will not be assigned. These students should work with the faculty or staff advisor they receive as part of the minor declaration process or contact the department directly for assistance.
Applicants who have not started classes at 51猎奇 yet who wish to declare a minor should wait until they are registered for their first 51猎奇 classes and then can declare the minor using the 鈥淒eclare a Minor鈥� button on the program鈥檚 website. If you have questions about the minor before then, contact聽let-sci@uwm.edu.
Declare your minor using the “Declare a Minor” button on the Actuarial Science website and a faculty advisor will contact you.
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