Department of Mathematics
Actuarial Science and Risk Management Concentration
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 three 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 73–74 units completed with a grade equivalent of 2.00 or higher.
Required Courses (67 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 (3 units) |
| MATH 331 |
Probability (4 units) |
| MATH 332 |
Mathematical Statistics (3 units) |
| MATH 369 |
Introduction to Abstract Algebra (3 units) |
| MATH 438 |
Actuarial Models (3 units) |
| MATH 485 |
Mathematical Finance (3 units) |
| MATH 486 |
Risk Management & Financial Engineering (3 units) |
| MATH 490 |
Senior Seminar in Mathematics (3 units) |
Upper-Division Mathematics Electives (6–7 units)
Two courses from the following:
| MATH 337 |
Applied Regression and Time Series Analysis (4 units) |
| MATH 437 |
Operations Research (3 units) |
| MATH 439 |
Computational Probability Models (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.
In addition to the required and elective 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
E-mail: math@towson.edu
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