2019-2020 Catalogue

Actuarial Science Major

Actuarial mathematics is used primarily in the insurance and financial services industries to estimate risks and determine policy rates and required financial reserves. Bentley offers specialized courses to help students prepare for up to four of the professional exams administered by the Society of Actuaries (FM, P, IFM and LTAM) and fulfill the VEE (Validation by Educational Experience) 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 who work in this field.

In addition to the specific major requirements described below, students must also complete the General Education Curriculum, and additional degree requirements for Arts and Sciences majors, including focused-course requirements, additional electives, and a Minor in Business Studies or Business Studies Major.

Course Title Credits
Required Courses
Two basic calculus courses included in the General Education Core:
MA 131Calculus I3
MA 139Calculus II3
Four required mathematical sciences courses:
MA 233Calculus III3
MA 239Linear Algebra3
MA 252Regression Analysis3
MA 263Continuous Probability for Risk Management3
Select three of the following (at least one of these must be an actuarial exam preparation course, MA 310 or MA 357):9
Discrete Probability
Actuarial Topics in Probability and Risk Management
Financial Calculus and Derivative Pricing
The Mathematics of Discrete Options Pricing
Mathematical Statistics
Mathematical Theory of Interest
Models for Financial Economics
Long-Term Actuarial Mathematics I
Long-Term Actuarial Mathematics II
Select one additional 200-level or above MA elective not already taken.3