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

Total Credits
94
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Program Educational Objectives

Graduates of the bachelor's degree in Actuarial Sciences will be able to:

  1. 1.Practice as professional risk analysts who provide solutions for financial and business problems involving uncertain future events.;
  2. 2.Sit for select professional actuarial exams of the Society of Actuaries (SOA), Casualty Actuarial Society (CAS) or Institute of Actuaries (IoA) in partial fulfillment of the requirement of actuarial designations such as ASA (Associate in the SOA), ACAS (Associate in the CAS) or FIA ( Fellow of IoA);
  3. 3.Secure themselves acceptance in graduate level education in Actuarial Sciences or related fields; and
  4. 4.Exhibit compliance with the code of professional and ethical conduct promulgated by the above mentioned international actuarial societies.

Program Learning Outcomes

Upon graduation, students will be able to:

  1. 1.Demonstrate fundamental knowledge of applied mathematics in the areas of Calculus, Linear Algebra, Differential Equations and Statistics;
  2. 2.Demonstrate their proficiency in the Economics, Accounting, Finance and Statistics courses that approved for Validation by Educational Experience (VEE) by the Society of Actuaries for the topics of Economics, Applied Statistics and Corporate Finance;
  3. 3.Demonstrate their understanding of NDU courses covering the learning objectives of the following professional actuarial examinations: Probability (P), Financial Mathematics (FM) and Actuarial Models-Life Contingency (MLC);
  4. 4.Demonstrate the ability to apply actuarial concepts to problems related to financial security planning such as pension funding, pricing and reserving for life and casualty insurance;
  5. 5.Demonstrate the ability to apply actuarial modeling through the use of computer programming routines within spreadsheets; and
  6. 6.Appreciate the belonging to a professional organization, the ethical and technical qualifications needed to become and remain a member of the actuarial profession.

Admission Requirements

All first-year applicants must complete the Admission Requirements.

 

Graduation Requirements

To receive the BS in Actuarial Sciences, a student 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 their last semester to courses required for graduation will result in delaying of graduation.

 

Courses

Liberal Arts Curriculum (27cr.)

Suggested Program

Fall Semester Year I (15cr.)
ACO 201 Accounting I
3 cr.
MAT 206 Financial Mathematics 3 cr.
MAT 213
Calculus III 3 cr.
MAT
215
Linear Algebra I
3 cr.
    LAC 3 cr.
Spring Semester Year I (15cr.)
ACO 202 Accounting II
3 cr.
ACS
375
Modelling Techniques in Actuarial Practice 3 cr.
MAT
224
Calculus IV 3 cr.
MAT
325
Elements of Probability
3 cr.
    LAC
3 cr.
Fall Semester Year II (16cr.)
ACS 300
Actuarial Problem Solving
1 cr.
ACS
310
General Insurance 3 cr.
ECN
211
Principles of Microeconomics 3 cr.
MAT
235
Ordinary Differential Equations
3 cr.
STA
315
Mathematical Statistics
3 cr.
    LAC
3 cr.
Spring Semester Year II (15cr.)
ACS 314
Actuarial Mathematics I
3 cr.
CSC
212 OR 216
Program Design and Data Abstraction II 3 cr.
ECN
212
Principles of Macroeconomics 3 cr.
STA
312
Introductory Time Series Analysis
3 cr.
    LAC
3 cr.
Fall Semester Year III (15cr.)
ACS 324
Actuarial Mathematics II
3 cr.
ACS
450
Investment and Asset Management 3 cr.


Free Elective (BAF 311 for VEE) 3 cr.


LAC
3 cr.
    LAC
3 cr.
Spring Semester Year III (18cr.)
ACS 424
Pension Fund Mathematics
3 cr.
STA
370
Stochastic Processes 3 cr.


Free Elective (BAF 312 for VEE) 3 cr.


LAC
3 cr.
    LAC
3 cr.
    LAC
3 cr.

GRADUATION REQUIREMENTS

Total 94 Credits
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