Jess & Mildred Fisher College of Science & Mathematics

Department of Mathematics

Actuarial Science and Risk Management Concentration

Center of Actuarial Excellence

The Society of Actuaries has recognized Towson University as a Center of Actuarial Excellence (CAE). There are eight criteria for this designation, including: curriculum, faculty composition, graduate quality, connection to industry, and research/scholarship. Towson is the first and only Actuarial and Risk Management Program in Maryland to be granted this recognition; and currently only 15 such programs in the United States have received this honor.

Actuarial Science club members and advisor  

The actuarial science and risk management concentration is designed for those students who are interested in the actuarial and financial professions. This concentration has two main goals: (1) to prepare students to take the first four preliminary actuarial society exams, and (2) to offer the possibility of a career in the growing field of risk management at various financial institutions such as banks, brokerage houses and insurance companies. The curriculum meets the requirements for and has been designated an advanced undergraduate program by both the Society of Actuaries and the Casualty Actuary Society.

The major in mathematics with the actuarial science and risk management concentration requires 86* units completed with a grade equivalent of 2.00 or higher.

Required Courses (83 units)

ACCT 201 Accounting Principles I (3 units)
ACCT 202 Accounting Principles II (3 units)
COSC 236 Introduction to Computer Science I (4 units)
ECON 201 Microeconomic Principles (3 units)
ECON 202 Macroeconomic Principles (3 units)
FIN 331 Principles of Financial Management (3 units)
FIN 333 Investments and Securities Analysis I (3 units)
MATH 265 Elementary Linear Algebra (4 units)
MATH 267 Introduction to Abstract Mathematics (4 units)
MATH 273 Calculus I (4 units)
MATH 274 Calculus II (4 units)
MATH 275 Calculus III (4 units)
MATH 312 Theory of Interest (4 units)
MATH 331 Probability (4 units)
MATH 332 Mathematical Statistics (3 units)
MATH 337 Applied Regression and Time Series Analysis (4 units)
MATH 369 Introduction to Abstract Algebra (4 units)
MATH 438 Actuarial Models (3 units)
MATH 439 Computational Probability Models (3 units)
MATH 442 Actuarial Model Construction (4 units)
MATH 448 Advanced Actuarial Model Construction (3 units)
MATH 485 Mathematical Finance (3 units)
MATH 486 Risk Management & Financial Engineering (3 units)
MATH 490 Senior Seminar in Mathematics (3 units)

*Note:  ENGL 317 Writing for Business and Industry (3 units) must be taken to fulfill the
             General Education Requirement in Category I.D. / English Composition Category
             in the Core Curriculum.

In addition to the required courses listed above that comprise the actuarial science and risk management concentration, other resources that will help the student complete this major are:

Department of Mathematics
7800 York Road, Room 316 (campus map)
Hours: Monday - Friday, 8:30 a.m. – 5 p.m.

Phone: 410-704-3091
Fax: 410-704-4149

Core Curriculum Requirements Checklist (PDF)

GenEd Requirements Checklist (PDF) (for graduation under catalogs prior to 2011-2012)



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