Academic Programs / Business & Management
Actuarial Science
Department of Risk, Insurance & Healthcare Management
Krupa S. Viswanathan, Associate Professor, Program Director
Alter Hall 629
215-204-6183
krupa@temple.edu
www.fox.temple.edu/mcm_people/krupa-s-viswanathan/
www.fox.temple.edu/cms_academics/dept/risk-insurance-healthcare-management/
Located in the Department of Risk, Insurance, and Healthcare Management, Temple's Actuarial Science program provides students the opportunity to develop a strong foundation in mathematics and statistics while being exposed to a wide range of business disciplines.
Actuaries specialize in the evaluation of insurance and financial risks. They hold positions of responsibility with insurance companies, consulting firms, investment banks, government regulatory organizations, and government insurance programs. Actuaries must also pass a series of professional exams, administered by the Society of Actuaries and Casualty Actuarial Society, to receive the credential of Associate or Fellow. These professional exams are both quantitative and qualitative, demanding that the actuary demonstrate expertise in a variety of mathematical and business analytic applications. Coursework in Temple's Actuarial Science program help prepare students for several actuarial exams. Courses in our curriculum are also approved by the Society of Actuaries and Casualty Actuarial Society as satisfying VEE (Validation by Educational Experience) requirements.
Students should meet with the Program Director as soon as they enter the Actuarial Science program. In addition to their coursework and professional examinations, students are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368, or visit the web site at www.sigmachapter.org.
Summary of Requirements
University Requirements
All new students starting in academic year 2013-2014 and beyond are required to complete the university's General Education (GenEd) curriculum.
Note that students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University requirements current at the time of re-enrollment.
College Requirements
Students are strongly encouraged to take the professional actuarial exams immediately after completing the relevant coursework. Students must meet the College Graduation Requirements including the requirements of the major listed below. Students must attain a 2.0 cumulative GPA and 2.0 in the major to graduate with the actuarial science major. Use the major GPA calculator at www.fox.temple.edu/cms_academics/dept/advising/ to calculate the GPA in the major.
Major Requirements for new students
Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.
Suggested Sequence for new students
Requirements of Actuarial Science Major
Subject |
Course # |
Course Title |
Hours |
Attribute |
Actuarial Science |
1501 |
Introduction to Actuarial Science |
3 |
|
Actuarial Science |
2502 |
Theory of Interest |
3 |
|
Actuarial Science |
2503* |
Corporate Finance for Actuarial Science |
3 |
|
Actuarial Science |
3501 |
Actuarial Modeling I |
3 |
|
Actuarial Science |
3502** |
Actuarial Modeling II |
3 |
|
Actuarial Science |
3596 |
Casualty Contingencies |
3 |
WI |
Risk Management & Insurance |
3567*** |
International Risk Management |
3 |
|
Subtotal |
|
|
18 |
|
*Actuarial Science
2503 replaces Finance 3101 (Financial Management) in the upper division foundation.
This course is not calculated in the major GPA. |
**This is the major capstone, and all prerequisites must be met. |
***Risk Management & Insurance 3567
replaces International Business Administration 3101 (Fundamentals
of International Business)
in the upper division foundation. This course is not calculated in the major GPA. |
Non-Business Required courses
Subject |
Course # |
Course Title |
Hours |
Mathematics |
1041* |
Calculus I* |
4 |
Mathematics |
1042* |
Calculus II* |
4 |
Mathematics |
2043 |
Calculus III |
4 |
Actuarial Science |
2101** |
Actuarial Probability & Statistics** |
3 |
Statistics |
2512** |
Intermediate Statistics** |
3 |
Subtotal |
|
|
18 |
*Mathematics 1041 & 1042 replace the Statistics 1001 & 1102 requirements listed in the
Fox School
of Business
&
Management foundation course requirements. Mathematics 1041 also satisfies the Quantitative Literacy
(GQ) General Education requirement |
**These courses replace Statistics 2103 in the Fox School of Business & Management foundation course
requirements. |
Suggested Sequence of Actuarial Science Major
Please note that this sequence is suggested only, ensuring prerequisites are met. Students' academic sequences may differ based on individual academic plans.
Semester I - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Mathematics |
1041 |
Calculus I {waives GenEd GQ requirement} |
4 |
|
Economics |
1101 |
Macroeconomic Principles |
3 |
|
Human Resource Management |
1101 |
Leadership & Organizational Management |
3 |
|
English |
0802, 0812 or 0902 |
Analytical Reading & Writing |
4 |
GW |
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Subtotal |
|
|
17 |
|
|
Semester II - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Mathematics |
1042 |
Calculus II |
4 |
|
Economics |
1102 |
Microeconomic Principles |
3 |
|
Legal Studies |
1101 |
Legal Environment of Business |
3 |
|
Actuarial Science |
1501 |
Introduction to Actuarial Science |
3 |
|
Intellectual Heritage |
0851 or 0951 |
Mosaic: Humanities Seminar I |
3 |
GY |
Subtotal |
|
|
16 |
|
|
Semester III - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Mathematics |
2043 |
Calculus III |
4 |
|
Accounting |
2101 |
Financial Accounting |
3 |
|
Risk Management & Insurance |
2101 |
Introduction to Risk Management |
3 |
|
Actuarial Science |
2502 |
Theory of Interest |
3 |
|
Intellectual Heritage |
0852 or 0952 |
Mosaic: Humanities Seminar II |
3 |
GZ |
Subtotal |
|
|
16 |
|
|
Semester IV - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Accounting |
2102 |
Managerial Accounting |
3 |
|
Management Information Systems |
2101 |
Information Systems in Organizations |
3 |
|
Business Administration |
2101 |
Professional Development Strategies |
1 |
|
Business Administration |
2196 |
Business Communications |
3 |
WI |
Actuarial Science |
2101 |
Actuarial Probability & Statistics |
3 |
|
Actuarial Science |
2503 |
Corporate Finance for Actuarial Science |
3 |
|
Subtotal |
|
|
16 |
|
|
Semester V - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Marketing |
2101 |
Marketing Management |
3 |
|
Business Administration |
3102 |
Business Society & Ethics |
3 |
|
Statistics |
2512 |
Intermediate Statistics |
3 |
|
Actuarial Science |
3501 |
Actuarial Modeling I |
3 |
|
Actuarial Science |
3596 |
Casualty Contingencies |
3 |
WI |
Subtotal |
|
|
15 |
|
|
Semester VI - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Management Science/Operations Management |
3101 |
Operations Management |
3 |
|
Risk Management & Insurance |
3567 |
International Risk Management |
3 |
|
Actuarial Science |
3502 |
Actuarial Modeling II |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Free Elective |
|
Free Elective
(Actuarial Science 2504:
Advanced
Theory
of Interest
is recommended) |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VII - Fall |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Business Administration |
3103 |
Integrative Business Applications |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Free Elective |
|
Free Elective
(Statistics 3503: Intermediate
Business
Statistics is recommended) |
3 |
|
Subtotal |
|
|
15 |
|
|
Semester VIII - Spring |
Subject |
Course # |
Course Title |
Hours |
Attribute |
Business Administration |
4101 |
Global Business Policies |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
GenEd |
08xx or 09xx |
GenEd Breadth Course |
3 |
|
Free Elective |
|
Free Elective (Actuarial Science 3503:
Actuarial Modeling III is recommended) |
3 |
|
Free Elective |
|
|
2 |
|
Subtotal |
|
|
14 |
|
|
Total credits for the B.B.A. in Actuarial Science: |
124 |
|
|