Undergraduate

Actuarial Science Undergraduate Student

Undergraduate

Actuarial Science Major

The actuarial science program is part of the finance department in the College of Business Administration (CBA). However, all undergraduate courses are offered to majors/minors in both CBA and the College of Arts and Sciences (ASC). The considerations in choosing a college include what other interest a student has, the general requirement of the college and the scholarships and financial aid available.

The actuarial science program offers courses covering the learning objectives described in the Education section of the Society of Actuaries (SOA) website (www.soa.org) for the professional Actuarial Examinations covering Probability (P), Financial Mathematics (FM), Actuarial Models – Financial Economics (MFE), Actuarial Models – Life Contingencies (MLC), and Construction and Evaluation of Actuarial Models (C). UNL offers courses that have been approved for the actuarial profession’s Validation by Educational Experience (VEE) program for the topics of Economics, Corporate Finance and Applied Statistics.

Students majoring or minoring in actuarial science are encouraged to take advantage of the potential benefits of being in the program, including summer internships, career guidance, job placement, and participation in the Actuarial Science Club.

Actuarial Science Career Fair

Undergraduate Academic Advisors

Advisors for all actuarial science majors have been assigned for the 2014-2015 academic year as follows:

  • Arts and Sciences, Raikes and CBA Honors students: Sue Vagts
  • CBA students last names begin with A through I: Tim Shi
  • CBA students last names begin with J through R: Mostafa Mashayekhi
  • CBA students last names begin with S through Z: Heather Clemens

Vagts, Sue
Director of the Actuarial Science Program
Clemens, Heather
Assistant Professor of Practice

Actuarial Science Major (ASC)

Major Requirements

The major must include a complete calculus sequence (MATH 106-107-208, or 108H-109H, or the equivalent), the following statistics and probability sequence: STAT 380, 462, 463 and 22 semester house of actuarial science. (See your actuarial science advisor for specific course requirements.)

Students are encouraged to take the following actuarial science courses as part of the major:

  • ACTS 430 – Actuarial Applications of Applied Statistics
  • ACTS 440 – Interest Theory
  • ACTS 470 – Life Contingencies I
  • ACTS 471 – Life Contingencies II
  • ACTS 473 – Introduction to Risk Theory
  • ACTS 475 – Actuarial Applications in Practices

At least one of the following:

  • ACTS 410 – Introduction to Credibility, Smoothing of Data, and Simulation
  • ACTS 425 – Survival Models
  • ACTS 450 – Stochastic Processes for Actuaries
  • FINA 467 – Options, Futures and Derivative Securities

NOTE: All coursework for the actuarial science major must be taken for a grade.

Actuarial Science Major (CBA)

Major Requirements

The major must include a complete calculus sequence (MATH 106-107-208, or 108H-109H, or the equivalent), the following statistics and probability sequence: STAT 380, 462, 463 and CSCE 101 and 101L. In addition to Business Core Requirements, majors are required to complete 28 hours of actuarial science course work.

  • ACTS 430 – Actuarial Applications of Applied Statistics
  • ACTS 440 – Interest Theory
  • ACTS 470 – Life Contingencies I
  • ACTS 471 – Life Contingencies II
  • ACTS 473 – Introduction to Risk Theory
  • ACTS 475 – Actuarial Applications in Practices
  • FINA 338 – Principles of Corporate Risk Management
  • FINA 363 – Investment Principles

At least one of the following:

  • ACTS 410 – Introduction to Credibility, Smoothing of Data, and Simulation
  • ACTS 425 – Survival Models
  • ACTS 450 – Stochastic Processes for Actuaries
  • FINA 467 – Options, Futures and Derivative Securities

In addition to the 28 hours for the major, actuarial science majors are also encouraged to take:

  • Actuarial Science problem labs – ACTS 401 and ACTS 402
  • ACTS 441 – Introduction to Financial Economics
  • ACTS 474 – Introduction to Property/Casualty Actuarial Science
  • MATH 314 – Linear Algebra
  • MATH 221 – Differential Equation
  • At least one of FINA 412, FINA 420, FINA 438 or ECON 413
Finance Minor

Actuarial students may double count their finance course towards a finance minor. They will follow the regular minor found in the finance section of the Bulleting. The courses used might include:

  • FINA 338
  • FINA 363
  • FINA 365/ECON 365
  • FINA 450 or FINA 467 or FINA 412 or FINA 420 or FINA 438

Note: All coursework for the actuarial major must be taken for a grade.

Actuarial Science as a Minor

Minor Requirements (ASC)

The minor in the Arts and Science College consists of at least 15 hours of actuarial science courses (12 credit hours for double majors only); a complete calculus sequence (Math 106-107-208, or 108H – 109H, or the equivalent); and all prerequisites. The following courses must be included in any minor in Actuarial Science ACTS 440, ACTS 470, and ACTS 473.

Minor Requirements (CBA)

To fulfill the requirements for an actuarial science minor in the College of Business Administration, students must complete twelve graded hours of actuarial science work; a complete calculus sequence (Math 106-107-208, or 108H – 109H, or the equivalent); and all prerequisites. The following courses are suggested: ACTS 440, ACTS 441, ACTS 470 and ACTS 474.

Contact

Vagts, Sue
Director of the Actuarial Science Program

Actuarial Science

CBA 210D
P.O. Box 880490
Lincoln, NE 68588-0490
Mailing Address
University of Nebraska–Lincoln
Department of Actuarial Science
P.O. Box 880490
Lincoln, NE 68588-0490
Shipping Address
University of Nebraska–Lincoln
Department of Actuarial Science
CBA 210
1240 R Street
Lincoln, NE 68588-0490