For students who entered SJU before the fall of 2010, or transfer students who entered SJU in the fall of 2010 with 15 or more credits:
GER Common Courses (See Curricula): six courses
GER University Distribution (See Curricula): fourteen courses, including
MAT 161 Calculus I
MAT 162 Calculus II
|CSC||120||Introduction to Computer Programming|
|MAT||225||Fundamental Ideas of Mathematics|
|MAT||226||Introduction to Linear Algebra|
|MAT||323||Applied Statistical Methods|
|FIN||200||Introduction to Finance|
|RMI||200||Introduction to Insurance|
|ASC||401||Mathematics of Finance|
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.