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An actuary is a business professional who analyzes the financial consequences of risk and uncertainty. They interpret statistics to determine probabilities of accidents, sickness, death, and loss of property from theft and natural disasters. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially concerning risk management and insurance programs. Actuaries are considered the “financial architects” of the insurance world.
|Program Requirements||Quarter Hours|
|Liberal Studies Requirements||80|
|Total hours required||192|
Students will be able to:
- Describe the risk management process and explain how insurance is used to protect against risk.
- Apply the laws of probability and statistics to problems encountered by actuaries.
- Use the theory of interest to evaluate financial instruments and manage assets and liabilities.
- Analyze financial derivatives contracts and identify their risk-mitigation features.
College Core Requirements
Modern Language Requirements
Students who intend to graduate with the Bachelor of Arts (BA) degree will be required to demonstrate competence in a modern language equivalent to the proficiency attained from one year of college-level language study. Such competence may be demonstrated in one of several ways:
- completing the last course in the fourth-year high school sequence of any language
- completing the last course in the first-year college sequence of any language
- completing a college course beyond the first-year level in any language
- achieving a satisfactory score on any of the Modern Language placement examinations administered at DePaul
- achieving a satisfactory rating in a proficiency examination accepted by DePaul
- achieving a score of 3 or higher on the Advance Placement (AP) test for any language
- achieving a score of 5 or higher in the Language B assessment from a Standard or Higher Level International Baccalaureate (IB) program
- achieving a satisfactory score on the CLEP examination
For further information regarding satisfactory scores and possible credit from the DePaul placement, AP, CLEP, or IB examinations, please contact Student Records.
Students who complete an Inter-College Transfer (ICT) to the College of Science and Health will abide by the College of Science and Health Modern Language Requirement in place on the effective date of the ICT.
BA students who meet College requirements and wish to pursue further work in the language may elect the “Modern Language Option” of the Liberal Studies Program. While Bachelor of Science (BS) students are not required to demonstrate competency in a modern language, the “Modern Language Option” is available to them for language study at any level.
Major Declaration Requirements
All students in the College are required to declare a major field prior to beginning their junior year. After researching College programs, the student should declare a major field by visiting Campus Connection and using the Declarations and Inter-College Transfer tool. The student will then be assigned a faculty advisor or staff advisor in the department or program and should make an appointment to see that advisor at his or her earliest convenience.
To change major fields, or to declare a minor or concentration, the student must use the Declarations and Inter-College Transfer tool described above. However, for the purpose of exploring the possibility of changing a major field, the student should consult an academic advisor in the College or an academic advisor in the Office for Academic Advising Support.
Liberal Studies Requirements
Honors program requirements can be found in the individual Colleges & Schools section of the University Catalog. Select the appropriate college or school, followed by Undergraduate Academics and scroll down.
|First Year Program||Hours|
|LSP 110 |
or LSP 111
|DISCOVER CHICAGO |
or EXPLORE CHICAGO
|LSP 112||FOCAL POINT SEMINAR||4|
|WRD 103||COMPOSITION AND RHETORIC I 1||4|
|WRD 104||COMPOSITION AND RHETORIC II 1||4|
|Quantitative Reasoning & Technological Literacy|
|Multiculturalism in the US|
|LSP 200||SEMINAR ON MULTICULTURALISM IN THE UNITED STATES||4|
|ICS 392||SENIOR SEMINAR 1||4|
Students must earn C- or better in this course.
- 3 Courses Required
- 2 Courses Required
- 2 Courses Required1
- 2 Courses Required1
- 1 Course Required (must not be an ECO course)
Specified required courses within Liberal Studies may have grade minimums (e.g. C- or better). Please consult your advisor or your college and major requirements.
|ACC 101||INTRODUCTION TO ACCOUNTING I||4|
|ACC 102||INTRODUCTION TO ACCOUNTING II||4|
|BLW 201||LEGAL & ETHICAL ASPECTS IN THE BUSINESS ENVIRONMENT||4|
|ECO 105||PRINCIPLES OF MICROECONOMICS||4|
|ECO 106||PRINCIPLES OF MACROECONOMICS||4|
|MAT 150||CALCULUS I||4|
|MAT 151||CALCULUS II||4|
|MAT 152||CALCULUS III||4|
|MAT 260||MULTIVARIABLE CALCULUS I||4|
|MAT 262||LINEAR ALGEBRA||4|
|MAT 351||PROBABILITY AND STATISTICS I||4|
|MAT 352||PROBABILITY AND STATISTICS II||4|
|MAT 353||PROBABILITY AND STATISTICS III||4|
|MAT 361||THEORY OF INTEREST||4|
|MAT 368||MATHEMATICS FOR FINANCE||4|
|FIN 310||INTRODUCTION TO FINANCE||4|
|FIN 365||PRINCIPLES OF RISK & INSURANCE||4|
|ICS 392||SENIOR SEMINAR (Liberal Studies Program Capstone)||4|
|Data Analysis Requirements|
|CSC 241||INTRODUCTION TO COMPUTER SCIENCE I||4|
|MAT 341||STATISTICAL METHODS USING SAS||4|
|Actuarial Mathematics Major Electives|
|Select one of the following two-course sequences:||8|
|LIFE CONTINGENCIES I|
and LIFE CONTINGENCIES II
|LOSS MODELS I|
and LOSS MODELS II
|Actuarial Statistics Major Electives|
|Select three of the following:||12|
|APPLIED REGRESSION ANALYSIS|
|APPLIED TIME SERIES AND FORECASTING|
|SIMULATION MODELS AND MONTE CARLO METHOD|
|GENERALIZED LINEAR MODELS|
|DATA ANALYSIS AND REGRESSION (FORMERLY CSC 324)|
|ADVANCED DATA ANALYSIS (FORMERLY CSC 334)|
|FOUNDATIONS OF DATA SCIENCE (FORMERLY CSC 367)|
Open elective credit also is required to meet the minimum graduation requirement of 192 hours.