Actuarial Curriculum

Courses: Required classes for a Major in Mathematics with an Actuarial Specialization

View Actuarial Program Changes Planning Guide (PDF)

I. Lower Division:

  • {MATH 1271 +1272 +2243 +2263} or 
    {MATH 1371 +1372 +2373 +2374}
  • MATH 3283W or 
    (MATH 2283 supplemented by an upper division writing intensive class in the major)
  • CSE students take 2 physics classes PHYS 1301W + PHYS 1302W.
  • CSE and CLA students are required to take a computer programming course:  CSCI 1133, CSCI 1113, or CSCI 1103 
  • CSE and CLA students take both courses: STAT 3021 + STAT 3032 Regression - R skills

II. Upper Division Math:

  • Algebra:

    • MATH 4242
    • MATH Column X Algebra course (like MATH 5248, MATH 4281)
  • Analysis:
    • MATH 5651 or STAT 5101 (syllabus is covering material for actuarial Exam P - Probability)
    • MATH 5652
  • Actuarial:
    • MATH 4065 (syllabus is covering material for actuarial Exam FM - Financial Mathematics - may be taken before "Multivariable Calculus" OR/AND "Sequences & Series")
    • MATH 5067 (Fall - combined with MATH 5068, syllabus is covering material for actuarial Exam LTAM - Long Term Actuarial Mathematics )
      (MATH 4065 and MATH 5651 are prerequisites for MATH 5067/5068)
    • MATH 5068 (Spring - combined with MATH 5067, syllabus is covering material for actuarial Exam LTAM - Long Term Actuarial Mathematics )
    • STAT 5102 (does not replace MATH 5652) = VEE Mathematical Statistics (prerequisite STAT 5101 or MATH 5651)
  • CLA students: MATH 4997W

III. Validation by Educational Equivalent (VEE) Classes:

As part of the Professional Actuarial track, the Society of Actuaries and the Casualty Actuarial Society requires that these VEE topics have to be studied by taking courses at an approved university (like the University of Minnesota). VEE credits are granted ONLY if the required courses are passed with a grade of "B-" or higher.

  • VEE Economics: ECON 1101 +1102
  • VEE Accounting & Finance: ACCT 2050 + FINA 3001 prerquisite:
  • VEE Mathematical Statisitics: STAT 5102 (does not replace MATH 5652) prerequisite: STAT 5101 or MATH 5651

IV. Insurance classes:

Choose one out of the two following courses:

  • INS 4100 Corporate Risk Management
  • INS 4200 Insurance Theory and Practice

V. Math 4067W Actuarial Mathematics in Practice (recommended):

In this unique course students learn to integrate knowledge and skills from various disciplines and apply them to solve real world problems from various actuarial segments. This Writing Intensive course consists of three five-week modules led by practicing actuaries. The course's setting mimics a business environment, where students learn a variety of problem solving techniques for uncertain scenarios, are presented with problems and are asked to make decisions or recommendations based on a series of assumptions. Students also learn to enhance their communication and interpersonal/teamwork skills by working in teams and presenting their results to the practitioner actuaries leading the modules as well as to other students who participate in the course.

This course satisfies the upper-division writing intensive requirement, but not the upper-division math requirement.

VI. Math 5075 Mathematics of Options, Futures, and Derivative Securities I  (recommended):

Offered Fall Semester Only - syllabus is covering material for actuarial Exam IFM - Investment and Financial Markets


Sample Schedule for CSE Mathematics Major with Actuarial Specialization (excluding University of Minnesota Liberal Education and Writing Intensive requirements)

(CLA students substitute four semesters of a foreign language in place of two physics courses and take MATH 4997W as the CLA Capstone)

Year\Term Fall Spring Summer
Freshman

MATH 1271 or 1371
PHYS 1301W
ECON 1101

MATH 1272 or 1372
PHYS 1302W
ECON 1102 

Sophomore

MATH 2243 or 2373
MATH 4065
ACCT 2050 
CSCI 1103 or 1113

MATH 2263 or 2374
MATH 3283W
STAT 3021 
Option 1 : INS I 
Study for Exam FM 
Take Exam FM 
Internship / Involvement / Activity

Junior

MATH 5651 
MATH 4242 
FINA 3001
MATH 4067W

MATH 5652 
MATH Column X Algebra 
STAT 3032
Two additional INS for optional Minor
Study for Exam P 
Take Exam P 
Actuarial Internship 

Senior

MATH 5067
STAT 5102 
MATH 5075  

MATH 5068
MATH 4997W

Study for Exams IFM & L-TAM (Nov.) 
Take Exams IFM & L-TAM