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# Actuarial Mathematics submajor

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### Mathematics : Contact information +

### Mathematics Advising

Appointments are scheduled online at: www.math.lsa.umich.edu/undergrad/. Students are strongly urged to consult with a department advisor each term before selecting courses for the following term.

Special Departmental PoliciesAll prerequisite courses must be satisfied with a grade of C– or above. Students with lower grades in prerequisite courses must receive special permission of the instructor to enroll in subsequent courses.

Minimum number of courses taken in residence for transfer students majoring in Mathematics(applies to all sub-plans)Effective Fall 2015: Students should take a minimum of 18 credits at the University of Michigan, Ann Arbor campus. Six of these credits must come from the basic courses and nine from the core courses and/or cognate courses. The 18 credits may include pre-requisites taken in Math.

### Mathematics Major*The department offers many different programs with varying requirements: Pure Math; Mathematical Sciences;
Actuarial Mathematics; Mathematics of Finance and Risk Management; Honors; and Teaching Certification*

*Effective Winter 2014*

*May be elected as a departmental major*

**Prerequisites to the Major**

Most programs require completion of one of the sequences ending with MATH 215-217, 256-217, 285-217, or 395-396. A working knowledge of a high-level computer language such as C++ or a computer algebra system (such as Maple or Mathematica), at a level equivalent to completion of a course of three or more credits, and eight credits of PHYSICS, preferably PHYSICS 140/141 and 240/241, are recommended for all programs and required for some. (A grade of C- or better is strongly suggested for MATH 217.)

**Major GPA Calculation**

For purposes of calculating grade point average, the term "field of the major" means the following:

- All MATH courses.
- All courses used to meet requirements for the major.
- All required cognate courses (if any).
- All mandatory prerequisites.
- EECS 183
- ECON 101 and ECON 102 (actuarial mathematics submajor only).

**Requirements for the Major**

A student considering a major in Mathematics should consult a mathematics department advisor in the Undergraduate Mathematics Office as early as possible and certainly by the first term of the sophomore year. The department offers many different submajors with varying requirements; failure to meet some of these at the intended time may delay completion of the program and graduation. A plan for the major must be designed with and approved by a department advisor.

- Pure Mathematics
- Mathematical Sciences
- Actuarial Mathematics
- Mathematics of Finance and Risk Management
- Honors Mathematics
- Secondary Mathematics Teaching Certificate

Effective Fall 2015

The **Actuarial Mathematics** Program is designed to provide broad training in the basic mathematics underlying the operations of private and social insurance and employee benefit plans. The courses are organized to assist the student to prepare for several of the examinations of the Casualty Actuarial Society and the Society of Actuaries. Non-credit review classes for some of the professional actuarial examinations are organized each term; ask your actuarial advisor about the time and place of these classes. It is strongly recommended that some of these exams be passed before graduation. Summer internships are an important component of the educational program and students are strongly encouraged to seek an internship no later than the conclusion of their junior year. Students are encouraged to take either MATH 422 or 427 to satisfy their upper-level writing requirement.

**Prerequisites for the submajor**

MATH 215&217, 255&217, 285&217 or MATH 295&296. Each student must also complete: ECON 101 and 102 and EECS 183 all elected on a graded basis. The grade for ECON 101, ECON 102, and EECS 183 will be included in the major GPA.

**Requirements for the submajor **

A minimum of 11 courses, selected from the following:

**Four basic courses**(one from each of the following four groups), completed with a grade of at least C-:*Differential Equations:*MATH 216, 256, 286, or 316*Probability:*MATH 425*Statistics:*STATS 426*Finance:*MATH 423

**Five special courses for Actuarial Mathematics:**

MATH 424, MATH 520 and 521 (or 522), and MATH 523 and 524.

- Two additional courses in areas relating to Actuarial approved by an advisor.

### Actuarial Mathematics (Winter 2014-Summer 2015) +

### Actuarial Mathematics and Mathematics of Finance & Risk Management (W'10-F'13) +

### Actuarial Math. and Math. of Finance and Risk Management (Winter 2007-Fall 2009) +

### Actuarial Mathematics and Mathematics of Finance and Risk Management submajor (Fall 2005 through Fall 2006) +

### Actuarial Math. & Math. of Finance and Risk Management (Fall 2004-Summer 2005) +

### ActuarialMathematics/MathematicsofFinance&RiskManagement (through Summer 2004) +

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