Nov 21, 2024

2018-2019 Undergraduate Catalog

2018-2019 Undergraduate Catalog [NOTE!!!! THIS IS AN ARCHIVED CATALOG. FOR THE CURRENT CATALOG, GO TO CATALOG.NIU.EDU]

Minor in Actuarial Science (29)

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This minor is designed to provide preparatory study in actuarial science. Specifically, students completing the required course work can take the professional Exams P/1 (Probability) and FM/2 (Financial Mathematics) of the Society of Actuaries/Casualty Actuarial Society.

Check departmental information for any additional requirements.

Requirements

Ten or more semester hours in the minor must be taken at NIU. For students who have passed the four courses FINA 330, FINA 340, FINA 350, and FINA 455, the STAT 382 requirement in the minor in actuarial science will be waived.

MATH 229 - Calculus I Credits: 4
MATH 230 - Calculus II Credits: 4
MATH 232 - Calculus III Credits: 4
MATH 240 - Linear Algebra and Applications Credits: 4
STAT 350 - Introduction to Probability and Statistics Credits: 3
STAT 382 - Theory of Interest and Financial Derivatives Credits: 4
STAT 470 - Introduction to Probability Theory Credits: 3
STAT 481 - Probabilistic Foundations in Actuarial Science Credits: 3