Academics | Faculties | FACULTY OF NATURAL AND APPLIED SCIENCES | Department of Mathematics & Statistics | Bachelor of Science in Actuarial Sciences | NDU

Total Credits
94
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Mission

The mission of the Bachelor of Actuarial Sciences program is to:

  • Produce graduates who can contribute significantly to the financial security of individuals and corporations through proper training on how to identify, quantify, assess, and manage risk.
  • Provide students with a curriculum aligned in content and rigor with the learning outcomes of the Society of Actuaries. Such program prepares our graduates to successfully write at least three of the preliminary exams of the SOA, leading toward professional designations from international actuarial societies.
  • Provide students with the theoretical background needed to qualify them to pursue graduate-level education in Actuarial Science or related fields.

 

Program Educational Objectives

Graduates of the Bachelor's Degree in Actuarial Sciences will be well-prepared to:

  1. 1.Establish a professional career as a leader actuary or member of teams who provides prudent decisions for advanced business, financial, and actuarial problems.
  2. 2.Have in depth knowledge of fundamental principles of the theories and techniques of scientific and Actuarial Sciences methodologies to describe, evaluate and analyse actuarial, financial, and statistics problems.
  3. 3.Have interpersonal skills needed for productive teamwork and effective communication in the actuarial practices.
  4. 4.Earn a graduate degree in Actuarial Sciences or a related field, and receive professional certification by sitting for some of the professional actuarial exams of international actuarial societies.
  5. 5.Identify, evaluate, and address legal and ethical conducts promulgated by the Actuarial profession and international actuarial societies.

Program Learning Outcomes 

  1. 1.An ability to apply techniques of mathematics, probability, and statistics to identify, formulate, and solve problems relevant to actuarial practices.
  2. 2.An ability to formulate, implement, and test an actuarial model using sound scientific methodology subject to economical, accounting, regulatory, and financial constraints.
  3. 3.An ability to describe an actuarial, financial, or statistical problem, gather relevant data, evaluate its reliability, analyze it, and draw conclusions.
  4. 4.An ability to effectively write and orally communicate a technical report and give efficient presentations to a specialized or general audience.
  5. 5.An ability to understand the ethical and professional aspects of the actuarial profession, as well as the impact of professional and scientific development on social welfare.
  6. 6.An ability to function effectively on teams, and establish goals, plan tasks, meet deadlines, and analyze risk and uncertainty.

 

Students enrolled in the BS degree program will be well-prepared to undergo a series of actuarial science examinations, leading to the ASA and ACAS designations conferred by the American Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Additionally, they will benefit from Validation by Educational Experience (VEE) credits approved for courses in "Economics," "Mathematical Statistics," and "Accounting Finance," which are required for attaining the abovementioned designations.

 

Admission Requirements

All first-year applicants must complete the Admission Requirements.

 

Graduation Requirements

To receive the degree of BS in Actuarial Sciences, students must fulfill all requirements of the degree program, complete all required courses, accumulate a total of 94 credits with an overall GPA of at least 2.0/4.0 and a minimum GPA of 2.0/4.0 in both the core and major requirements, and clear all accounts with the University. Candidates for degrees are reminded that grades of “I” assigned during the last semester to courses required for graduation will result in delaying their graduation.

Courses

Liberal Arts Curriculum (27cr.)

Free Electives (2cr.)

Suggested Program

Fall Semester Year I (15cr.)
ACO 201 Principles of Accounting I
3 cr.
MAT 206 Financial Mathematics 3 cr.
MAT 213
Calculus III 3 cr.
MAT
215
Linear Algebra I
3 cr.
    Liberal Arts Curriculum (LAC) 3 cr.
Spring Semester Year I (15cr.)
ACS
375
Modelling Techniques in Actuarial Practice 3 cr.
MAT
224
Calculus IV 3 cr.
CSC 210  Fundamentals of Computer Programming with Python
3 cr.
MAT
325
Elements of Probability
3 cr.
    Liberal Arts Curriculum (LAC)
3 cr.
Fall Semester Year II (16cr.)
ACS 300
Actuarial Problem Solving
1 cr.
ACS
314
Actuarial Mathematics I 3 cr.
ECN
211
Principles of Microeconomics 3 cr.
MAT
235
Ordinary Differential Equations
3 cr.
STA
315
Mathematical Statistics
3 cr.
    Liberal Arts Curriculum (LAC)
3 cr.
Spring Semester Year II (18cr.)
ACS 310
General Insurance
3 cr.
ACS 324 Actuarial Mathematics II 3 cr.
ECN
212
Principles of Macroeconomics 3 cr.
STA
312
Statistics Modeling
3 cr.
    Liberal Arts Curriculum (LAC)
3 cr.
    Technical Elective I
3 cr.
Fall Semester Year III (15cr.)
STA 370
Stochastic Processes
3 cr.
ACS
450
Actuarial and Data Sciences 3 cr.


Liberal Arts Curriculum (LAC)
3 cr.
    Liberal Arts Curriculum (LAC)
3 cr.
    Technical Elective II 3 cr.
Spring Semester Year III (15cr.)
ACS 424
Actuarial Modeling
3 cr.
ACS 480 Actuarial Internship 1 cr.


Free Elective 2 cr.


Liberal Arts Curriculum (LAC)
3 cr.
    Liberal Arts Curriculum (LAC) 3 cr.
    Liberal Arts Curriculum (LAC)
3 cr.

GRADUATION REQUIREMENTS

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