Actuarial Science (BSB)
Learn to analyze risk and uncertainty
Our Actuarial Science degree program will prepare you to analyze and help organizations manage the financial consequences of risk and uncertainty. You’ll learn to interpret stat?istics to determine probabilities of accidents, sickness, death and/or the loss of property from theft, cybercrime, natural disasters and other phenomena. Graduates will be equipped with the skills necessary to sit for actuary certification exams.
In the program, you’ll use mathematics, statistics and financial theory to study uncertain future events, especially those concerning risk management and insurance. As you work toward your Actuarial Science degree, you’ll also learn to apply the laws of probability and statistics to problems, and calculate the financial costs and benefits of insurance for various individuals. Conferences and networking opportunities hosted by DePaul’s Arditti Center for Risk Management provide you with opportunities to explore real-world risk management issues and make industry contacts.
DePaul is located in the heart of Chicago’s financial and business community, giving you access to insurance companies, consulting and investment firms, government agencies and other organizations for internships and jobs after graduation.
Classes
Coursework
- Applied Regression Analysis
- Linear Algebra
- Money and Banking
- Multivariable Calculus
- Principles of Corporate Finance for Actuaries
- Principles of Risk and Insurance
- Probability and Statistics
- Risk Management
Resources
Career Options
Common Career Areas
- Actuary
- Assessor
- Claims adjustor
- Cost estimator
- Credit analyst
- Financial planner
- Insurance underwriter
- Risk analyst
92%
of Actuarial Science graduates were employed, continuing their education or not seeking employment after graduation.
Major Requirements
Course Requirements
In addition to FIN 310 , a student majoring in Actuarial Science is required to complete the following courses totaling at least 44.0 hours:
Course | Title | Quarter Hours |
---|---|---|
Required Courses | ||
DSC 341 | FOUNDATIONS OF DATA SCIENCE | 4 |
FIN 251 | CAREER MANAGEMENT IN ACTUARIAL SCIENCE | 0 |
FIN 365 | PRINCIPLES OF RISK & INSURANCE | 4 |
MAT 260 | MULTIVARIABLE CALCULUS I | 4 |
MAT 262 | LINEAR ALGEBRA | 4 |
MAT 351 | PROBABILITY AND STATISTICS I | 4 |
MAT 352 | PROBABILITY AND STATISTICS II | 4 |
MAT 353 | PROBABILITY AND STATISTICS III | 4 |
MAT 361 | THEORY OF INTEREST | 4 |
MAT 368 | MATHEMATICS FOR FINANCE | 4 |
or MAT 369 | ACTUARIAL SCIENCE SEMINAR | |
Electives | ||
Select two elective courses to be chosen as a pair from the following: | 8 | |
Elective Pair 1 | ||
DATA ANALYSIS AND REGRESSION | ||
ADVANCED DATA ANALYSIS | ||
Elective Pair 2 | ||
APPLIED REGRESSION ANALYSIS | ||
APPLIED TIME SERIES AND FORECASTING | ||
Elective Pair 3 | ||
SIMULATION MODELS AND MONTE CARLO METHOD | ||
GENERALIZED LINEAR MODELS | ||
Elective Pair 4 | ||
LIFE CONTINGENCIES I | ||
LIFE CONTINGENCIES II | ||
Elective Pair 5 | ||
LOSS MODELS I | ||
LOSS MODELS II | ||
Elective Pair 6 | ||
LIFE CONTINGENCIES I | ||
LOSS MODELS I |
Career Management Course
Students are required to complete the Career Course (FIN 251) associated with the major. Students who double major may choose the Career Course (250/251) associated with either major provided that hours for graduation are satisfied. Students should take the Career Course as soon as possible.
Open Electives
Open elective credit (8.0 hours) is needed to meet the minimum graduation requirement of 192 hours.
Graduation Requirements
All Finance (FIN) courses and any course used towards the Actuarial Science major must be completed with a minimum grade of C- and with a combined GPA of 2.000 or higher.