Application Procedure

Admission Requirements to Actuarial Science and Risk Management Concentration

professor and two students in a classroom

All students who would like to be in the Actuarial Science and Risk Management (ASRM) concentration may declare the Mathematics Major with a Concentration in ASRM through the registrar’s office.

Application Procedure

Students who are interested in the Actuarial Science & Risk Management (ASRM) Program must complete an application for admission to program. Admission to the university does not guarantee the admission to the ASRM Program. Application Form may be obtained from the Mathematics Office or downloaded from this website.

To be admitted to the concentration, students are required to meet the following two requirements:

  1. Students must have a grade point average of at least 3.0 in mathematics.
  2. Students must also meet one of the following requirements:
    1. Completed Math 273/283 (Calculus I) and Math 274/284 (Calculus II) with a grade of at least B in both.
    2. Received a score of 4 or 5 in AP Calculus AB or BC.
    3. Received a passing score on at least one SOA exams.

Degree candidates intending to be in the ASRM program are designated as pre-ASRM until admitted into the concentration. These students will also be assigned an adviser from the ASRM faculty and are encouraged to communicate with their faculty advisor regularly to evaluate their progress in admission.

Students who have not met the admission requirements will not be able to enroll in Math 438 (Actuarial Models) and Math 485 (Introduction to Mathematical Finance).  Students who take an ASRM course listed above before being admitted to the ASRM concentration will be disenrolled from the course.

Note: Students not satisfying any of the requirements may petition to the Director of ASRM program to be admitted into the program.

Continuation

To continue in the ASRM concentration, the student needs to receive at least a grade “B” in Math 331 (Probability) and maintain a total grade point average of at least 3.0 in the required courses for the ASRM concentration.

Students who fail to meet the criteria for continuation will be placed in the pre-ASRM Concentration.  Students will not be allowed to enroll in Math 438 (Actuarial Models) and Math 485 (Introduction to Mathematical Finance) until they achieve a total GPA of at least 3.0 in the required courses for the ASRM concentration and/or receive at least a grade “B” in Math 331 (Probability).

If a student enrolls in these courses before they meet the criteria for continuation during the preregistration period, they will be disenrolled from the course.  Once a student is in the ASRM program and has successfully enrolled in Math 438 (Actuarial Models) or Math 485 (Introduction to Mathematical Finance), the student cannot be placed in pre-ASRM.

Transfer and Second Degree Students

Transfer students and those seeking a second baccalaureate degree need to meet the same requirements to ASRM concentration as described above.

Documents required for application packet

Students entering as First Semester Freshman:

Students entering as Second Semester Freshman or with Higher Standing:

  • Application form (PDF),
  • Current unofficial TU transcript, and
  • Official printed scores from the appropriate testing agency if applicable.

Transfer or Second Bachelor Students:

  • Application form (PDF),
  • Official transcript from any institution providing transfer credits and
  • Official printed scores from the appropriate testing agency if applicable.

Submit your complete application packet to the Director of ASRM program or mail to:

Actuarial Science and Risk Management Program
Department of Mathematics
Towson University
7800 York Road
Towson, MD 21252