Actuarial Science and Risk Management Concentration
Typical Four-Year Sequence of Courses
The Department of Mathematics has prepared a typical sequence of courses that illustrates how a student in the actuarial science and risk management concentration may complete the requirements for both the mathematics major and the University Core Curriculum Requirements for graduation in four years. Each student's actual schedule may be somewhat different depending on the student's individual situation. Note that the actual sequence of courses is mainly constrained by the course prerequisites.
Freshman Year
Fall Term
Spring Term
Course
Units
Course
Units
MATH 273 Calculus I *
4
MATH 265 Elementary Linear Algebra
4
ENGL 102 or TSEM
3
MATH 274 Calculus II
4
COSC 236 Introduction to Computer
Science I *
4
ACCT 201 Accounting Principles I
3
Core Curriculum
3
COMM 131 Fundamentals of Speech
Communication
(Core Curriculum Category 5)
Students are advised to prepare for and take the SOA/CAS Exam FM/2at the end of the Fall Term and Exam P/1 at the end of the Spring Term.
Total
15
Total
15
Junior Year
Fall Term
Spring Term
Course
Units
Course
Units
MATH 369 Intro to Abstract Algebra
4
ENGL 317 Writing for Business and Industry (Core Curriculum Category 9)
3
MATH 332 Mathematical Statistics
3
MATH 439 Computational Probability
Models
3
MATH 438 Actuarial Models
3
MATH 448 Advanced Actuarial Models
3
ECON 202 Macroeconomic Principles
3
FIN 331 Principles of Financial
Management
3
Core Curriculum
3
Core Curriculum
3
Students are advised to prepare for and take the SOA Exam MLC at the end of Spring Term.
Total
16
Total
15
Senior Year
Fall Term
Spring Term
Course
Units
Course
Units
MATH 337 Applied Regression and Time Series Analysis
4
Core Curriculum
3
MATH 485 Mathematical Finance
3
MATH 486 Risk Management and
Financial Engineering
3
FIN 333 Investment and Security
Analysis
3
MATH 442 Actuarial Model
Construction
4
Core Curriculum
3
MATH 490 Senior Seminar
3
Students are advised to prepare for and take the SOA/CAS Exam M/3F at the end of the either the Fall or Spring Term, and SOA/CAS Exam C/4 at the end of the Spring Term.
Total
13
Total
13
In this concentration, the total number of units required for graduation is 121.
* Notes:
A minimum of 120 units is needed for graduation.
The prerequisite for MATH 273 is MATH 119.
Students who need to start with MATH 119 are advised to either
Take MATH 119 during the summer before entering Towson University or
Take MATH 119 in the fall term of the freshman year. These students will need to postpone the calculus sequence and MATH 265 for one term. They should be able to make up for this delay by either:
taking a mathematics course in the summer session during the first two years, or
inserting an additional mathematics course during the junior or senior year.
COSC 236 needs demonstrable programming knowledge as prerequisite such as COSC 175. Students who need to start with COSC 175 are advised to either
Take COSC 175 during the summer before entering Towson University or
Take COSC 175 during the fall term of the freshman year.