For students who entered SJU in the fall of 2010 or later, or transfer students who entered SJU in the fall of 2010 with 14 or fewer credits:
GEP Signature Courses (See Curricula): six courses
GEP Variable Courses (See Curricula): six to nine courses, including
Mathematics:
MAT 161 Calculus I
Natural Science:
one semester of any lab-based natural science course (see ILC below)
Social Sciences:
ECN 101 Introductory Economics (Micro)
GEP Overlays (See Curricula): three courses
GEP Integrative Learning Component (ILC): three courses
Economics:
ECN 102 Introductory Economics (Macro)
Mathematics:
MAT 162 Calculus II
Natural Science:
the second semester of the lab-based natural science course (see GEP Variable Courses above)
GEP Electives: any seven courses
Major Concentration: fifteen courses, including
| CSC | CSC | Introduction to Computer Programming |
| MAT | 213 | Calculus III |
| MAT | 225 | Fundamental Ideas of Mathematics |
| MAT | 226 | Introduction to Linear Algebra |
| MAT | 321 | Probability |
| MAT | 322 | Mathematical Statistics |
| MAT | 423 | Applied Statistical Methods& |
| FIN | 200 | Introduction to Finance |
| FIN | 300 | Intermediate Finance |
| RMI | 200 | Introduction to Insurance< |
| ACC | 101 | Introduction to Insurance |
| ASC | 301 | Actuarial Probability |
| ASC | 401 | Mathematics of Finance |
| DSS | 330 | Database Management |
And one Mathematics elective chosen from MAT 238, MAT 311, MAT 313, MAT 316 or approved by the Actuarial Science program director
Satisfactory completion of the Actuarial Science major automatically qualifies the student to apply for a minor in mathematics, subject to the Mathematics minor GPA restrictions (see the Mathematics section of this catalog). Students are ready to take the first and second actuarial exams at the end of their junior and senior years, respectively. Students are encouraged to participate in a summer internship during their junior/senior year. In the past, these internships have proven to be most valuable to students and their subsequent job search.
ASC 301 Actuarial Probability - 3 Credits
This course provides an introduction to the basic probabilistic principles of insurance and Risk Management. Selected topics are covered to enable the application of probability theory to solve problems found in insurance and risk management applications. A problem solving approach will be adopted to provide preparation to pass the first actuarial exam co-sponsored by the Casualty Actuarial Society (Part 1) and the Society of Actuaries (Part P). Prerequisite: MAT 321.
ASC 401 Financial Mathematics of Actuarial Science - 3 Credits
This course provides an in depth study of the theory of interest. Topics that will be covered include: calculation of the effective rates of interest and discount, evaluation of accumulated and present values of fixed and variable annuities, solution of interest problems involving unknown time periods and rates, determination of yield rates, amortization of loans and sinking funds, calculation of the price of a bond, and valuation of securities. This course will prepare students for the actuarial science examination in financial mathematics which is co-sponsored by the Casualty Actuarial Society (Part 2) and the Society of Actuaries (Part FM). Prerequisite: MAT 213.