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
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 4700||Advanced Calculus of One Real Variable I||3|
|MATH 4355||Introduction to Financial Derivatives and Options||3|
|MATH 4370||Actuarial Modeling I||3|
|MATH 4371||Actuarial Modeling II||3|
|MATH 4315/STAT 4710||Introduction to Mathematical Statistics||3|
|MATH 4320/STAT 4750||Introduction to Probability Theory||3|
|MATH 4520/STAT 4760||Statistical Inference I||3|
|Additional course requirements:|
|STAT 4870||Time Series Analysis||3|
|STAT 4510||Applied Statistical Models I||3|
|ECONOM 1014||Principles of Microeconomics||3|
|ECONOM 1015||Principles of Macroeconomics||3|
|Science requirement: 5 or more credits from Group I courses (see above)|
|The following courses are recommended in order to satisfy VEE requirements:|
|FINANC 3000||Corporate Finance||3|
|MATH 4590||Mathematics of Financial Derivatives||3|
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.
|MATH 1500||5||MATH 1700||5|
|ECONOM 1014||3||ECONOM 1015||3|
|ENGLSH 1000||3||INFOTC 1040||3|
|General Elective||3||General Elective||3|
|MATH 2300||3||MATH 4100||3|
|PHYSCS 2750||5||MATH 4140||3|
|SPAN 1100||4||SPAN 1200||4|
|General Elective||3||STAT 4710||3|
|MATH 3000||3||MATH 4700||3|
|MATH 4355||3||MATH 4371||3|
|STAT 4750||3||STAT 4760||3|
|SPAN 2100||4||General Elective||3|
|General Elective||3||General Elective||3|
|MATH 4370||3||MATH 4590||3|
|Total Credits: 120|
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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 are considering a change of major or are exploring multiple majors, schedule an appointment with an advisor in Academic Exploration and Advising Services (AEAS) by calling (573)884-9700.
- 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.
- If you would like information about MU majors and degree programs, visit:
- the Degrees, Majors (Degree Programs), Emphasis Areas, Minors and Certificates page in the catalog,
- the MU Majors website.
For additional major and career exploration resources, visit Major & Career Exploration in the catalog.