BS in Mathematics with Emphasis in Actuarial Science and Mathematical Finance

Degree Program Description

Actuarial science applies mathematical and statistical methods to finance and insurance, particularly to the assessment of risk. Actuarial science includes a number of interrelating disciplines, in particular the mathematics of probability and statistics. In the life insurance industry, traditional actuarial science focuses on the analysis of mortality and the production of life tables, and the application of compound interest. More recently, actuarial science has come to embrace more sophisticated mathematical modeling of finance. Ideas from financial economics are also becoming increasingly influential in actuarial thinking.

Major Program Requirements

Students must complete the MU general education requirements and the Department Level Requirements in addition to the degree requirements listed below.

This emphasis area will serve those who want to pursue a career in the financial and insurance industries. It will also help BS students to prepare for their first actuarial exams. Those students considering further graduate work in Mathematics should also take

MATH 4700Advanced Calculus of One Real Variable I3
MATH 4355Introduction to Financial Derivatives and Options3
MATH 4370Actuarial Modeling I3
MATH 4371Actuarial Modeling II3
MATH 4315/STAT 4710Introduction to Mathematical Statistics3
MATH 4320/STAT 4750Introduction to Probability Theory3
MATH 4520/STAT 4760Statistical Inference I3
Additional course requirements:
STAT 4870Time Series Analysis3
STAT 4510Applied Statistical Models I3
ECONOM 1014Principles of Microeconomics3
ECONOM 1015Principles of Macroeconomics3
Science requirement: 5 or more credits from Group I courses (see above)
The following courses are recommended in order to satisfy VEE requirements:
FINANC 3000Corporate Finance3
FINANC 4020Investments3
MATH 4590Mathematics of Financial Derivatives3
Total Credits52

Semester Plan

Below is a sample plan of study, semester by semester.  A student's actual plan may vary based on course choices where options are available.

First Year
MATH 15005MATH 17005
ECONOM 10143ECONOM 10153
ENGLSH 10003INFOTC 10403
General Elective3General Elective3
 General Elective3
 14 17
Second Year
MATH 23003MATH 41003
PHYSCS 27505MATH 41403
SPAN 11004SPAN 12004
General Elective3STAT 47103
 15 13
Third Year
MATH 30003MATH 47003
MATH 43553MATH 43713
STAT 47503STAT 47603
SPAN 21004General Elective3
General Elective3General Elective3
 16 15
Fourth Year
MATH 43703MATH 45903
STAT 45103Elective3
STAT 48703Elective3
 15 15
Total Credits: 120

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Degree Audit


The degree audit is an automated report reflecting a student’s academic progress toward the completion of a degree.  Degree Audits are not available for all programs; however, please consult with the appropriate college or school for audit information.

MU students who have attended since August 2007 can request a degree audit by logging in to myZou and navigating to Self Service, then Student Center, and clicking on “Request Degree Audit.” The audit automatically pulls in the student’s MU course work, transfer courses and courses in progress.

MU students who have NOT attended since August 2007 can request a degree audit by contacting the Academic Advising Unit of the division in which they were last enrolled at MU. For contact information, go to

For newly admitted or prospective students, MU degree audits can be created at Information on the college credits already earned will have to be manually entered before it can be evaluated against current degree requirements.

For additional details on degree audits, go to

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Major and Career Exploration

The University of Missouri has many resources to assist you in exploring majors and career possibilities.  For guidance, visit the Majors and Careers website or view specific resources below.

  • If you would like to learn more about your career interests, abilities, values and talents, visit the MU Career Center in the lower level of the Student Success Center.  No appointment is necessary to explore career options with one of our staff members.

For additional major and career exploration resources, visit Major & Career Exploration in the catalog.

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