Actuarial mathematics is used primarily in the insurance, banking, and financial services industries to estimate risks, price products, and determine required reserves. Bentley offers specialized courses to help students prepare for up to four of the professional exams administered by the Society of Actuaries and fulfill the Validation by Educational Experience (VEE) requirements of the Society of Actuaries and the Casualty Actuarial Society. Most students complete at least one internship during their undergraduate years and the department maintains close contact with many of our alumni/alumnae who work in this field.
In addition to the specific major requirements described below, students must also complete all designated requirements in Foundations for Success, Context & Perspectives in the Arts & Sciences, Business Dynamics, Communication Intensive coursework, and the additional degree requirements for Arts & Sciences majors. Details can be found in the Degree Requirements section of the catalogue, including the Overview and the Arts & Sciences Majors tabs.
Prerequisite Course(s)
| Course | Title | Credits |
|---|---|---|
| MA 131 | Calculus I | 3 |
| or MA 131L | Calculus I with Lab | |
Program Requirements
| Course | Title | Credits |
|---|---|---|
| Required Courses | ||
| MA 139 | Calculus II | 3 |
| or MA 139L | Calculus II with Lab | |
| MA 214 | Intermediate Applied Statistics | 3 |
| MA 233 | Calculus III | 3 |
| MA 239 | Linear Algebra | 3 |
| MA 252 | Regression Analysis | 3 |
| MA 263 | Continuous Probability for Risk Management | 3 |
| MA 310 | Actuarial Topics in Probability and Risk Management | 3 |
| or MA 357 | Mathematical Theory of Interest | |
| Select two of the following: | 6 | |
| Actuarial Topics in Probability and Risk Management 1 | ||
| Discrete Probability | ||
| Financial Calculus and Derivative Pricing | ||
| The Mathematics of Discrete Options Pricing | ||
| Mathematical Statistics | ||
| Mathematical Theory of Interest 1 | ||
| Models for Financial Economics | ||
| Long-Term Actuarial Mathematics I | ||
| Advanced Long Term Actuarial Mathematics | ||
| Data Mining | ||
| Introduction to Generalized Linear Models and Survival Analysis in Business | ||
| Total Credits | 27 | |
- 1
If not already used in the major.