Actuarial Science Minor

This program will provide a solid understanding of annuities, yield rates, amortization, sinking funds, and bonds with real-life applications. On completion of the program, the students would have a sound background of actuarial mathematics and risk theory and be able to analyze real-life problems involving life insurance and annuities along with associated premiums and valuations, and also be able to analyze problems involving individual risk models over a short term and collective risk models over a single and an extended period.

Learning Outcomes

Students that graduate with a minor in the Mathematical Sciences, Actuarial Science Concentration, will:

• Demonstrate a solid understanding of differential and integral calculus, and be able to apply these concepts to a variety of problems.
• Demonstrate a solid understanding of linear algebra and be able to apply these concepts to a variety of problems.
• Able to analyze real-life situations dealing with life insurance, life annuities, and contingent investments.
• Communicate effectively in writing the solution to an actuarial science problem.