NAV
College of Arts & Sciences
Actuarial Science
Academic Prep/Admissions Requirements
General Education Requirements
Degree Requirements
Faculty Profiles
Faculty/Staff Directory
Degree Planning Sheets










Home | Search
Faculty/Staff Directory
Class Schedules
Catalog | Campus Tour

 


Maryville University - Actuarial Science Program
The actuarial science program prepares students for careers as business executives specialized in the evaluation and assessment of financial risk.  The program is recognized by the Society of Actuaries (SOA) as an "Advanced Undergraduate Program" and is among the best in the nation for the number of SOA exams passed by students.  With an exceptional faculty, internship program, and students, Maryville's Actuarial Science program is one of the premier programs in the country. Maryville University - Actuarial Science Program


The profession of actuary is consistently ranked among the top professions using criteria such as income, security, employment prospects, and work environment.  The U.S. Department of Labor projects a growing need for actuaries in coming years.  The rise in terrorism is also expected to increase the need for experts in risk assessment and management.  Maryville's graduates have enjoyed excellent career opportunities with 100% job placement over the past three years.

The Maryville University Actuarial Science Program offers a curriculum that integrates liberal arts
with professional studies in business and mathematics, and leads to a Bachelor of Science degree
with a major in Actuarial Science. Maryville University is one of the few schools in the nation that
offer a comprehensive degree program in Actuarial Science.

Prospective applicants should have a high aptitude and solid background in mathematics and an interest in the world of business and finance. An ACT sub-score in mathematics of at least 26
is required for entrance into the program. The major is highly interdisciplinary in content, requiring
a total of 57 hours from general mathematics, statistics, actuarial mathematics, business, economics
and finance.
 

Maryville University - Actuarial Science Program

 

The Accelerated Master's Option

A key feature of the program is that Maryville actuarial science undergraduates may at the end of their third year of study apply for the Accelerated Master's option, leading to a Master of Science
in Actuarial Science
.
 
Students in the Accelerated Master's option are able to complete both the undergraduate and the graduate program within five years.  The undergraduate curriculum is currently recognized by the Society of Actuaries as an "Advanced Undergraduate Curriculum." The Accelerated Master's option allows the undergraduate majoring in actuarial science to complete the master's in only one additional year of study.
 
In this option four courses (12 credits) taken during the senior year as part of the undergraduate curriculum also count toward the master's program, leaving just 24 credits remaining during
the fifth year for the completion of the master's degree.
 
Coursework in the master's program is specifically tailored to preparing students to take the advanced Society of Actuary Exams necessary to achieve the designation of Fellow.
 
For further information about graduate study in actuarial science at Maryville see our Graduate Actuarial Science website.


Financial Aid/Scholarships
The actuarial science curriculum maintains special scholarship awards through the generous support
of the General American Life Insurance Company, the St. Louis Actuaries Club and the Saint Louis actuarial community. New applicants to the program are eligible to apply for the Margot Pallmann Scholarship for Actuarial Science. In addition, Maryville offers four-year Presidential, Trustee, and Alumni scholarships and Academic Promise Awards to students who qualify. Detailed information on Maryville’s financial aid/scholarship program can be obtained by contacting the Financial Aid Office (314) 529-9360.
 

The Actuarial Exam System
As of 2005, the Society of Actuaries has revised its examination structure for the first four courses (each course corresponds to one exam offered). Detailed information regarding this redesign can be obtained from the Society's website. One of the most significant changes in the curricula is that some of the requirements for Associateship must be met through taking approved course work - VEE Validated by Education Experience
Subjects. Maryville University, as one of the Society of Actuaries' plot groups, offers courses such as ACSC 405, ACSC 416, ECON 201, and ECON 202, which have been approved by the VEE Administration Committee to fulfill the requirements of topics in Corporate Finance, Economics, and Applied Statistical Methods.
 

The Maryville Actuarial Science undergraduate curriculum is designed to coordinate with the first four actuarial exams jointly sponsored by the Society of Actuaries and Casualty Actuarial Society. See the following tables for the specific courses in the major and how they relate to the professional exams.

 Professional Exams

 Exam P

 

 Exam FM

  MATH 151 Calculus I     ACCT 210 Financial Accounting
  MATH 152 Calculus II     ECON201 Macroeconomics
  MATH 251 Calculus III     ECON202 Macroeconomics
  ACSC 305 Insurance and Risk     ACSC 414 Theory of Interest
  ACSC/MATH 370 Mathematical Statistics I     ACSC 415 Financial Mathematics I
  ACSC/MATH 371 Mathematical Statistics II     ACSC 416 Financial Mathematics II
  ACSC/MATH 372 Mathematical Statistics III     ACSC 495 Seminar for Exam II
  ACSC 394 Seminar for Exam I        
             
             
 Exam M    Exam C
  ACSC 421 Actuarial Modeling I     ACSC/MATH 371 Mathematical Statistics II
  ACSC 422 Actuarial Modeling II     ACSC/MATH 405 Statistical Modeling I
  ACSC 510 Risk Theory     ACSC/MATH 406 Statistical Modeling II
  ACSC 497 Special Studies     ACSC 497 Special Studies
             

 

Maryville University - Actuarial Science Program

Actuarial Science as a Career

Actuaries are individuals who apply mathematical techniques to solve problems in insurance, finance and other related fields. They come into contact with every aspect of the insurance industry and must possess strong mathematical skills and solid practical and theoretical business backgrounds to apply their technical knowledge. They are responsible for determining rates and premiums on insurance policies and forecasting future events affecting the soundness of insurance programs. Some actuaries work with consulting firms as advisors to corporations regarding their insurance and pension programs. Government agencies, such as the Social Security Administration, employ actuaries. Most actuaries specialize in either life and health insurance, or property and liability insurance. A large number specialize in pension plans.

According to The Jobs Rated Almanac from the publishers of The World Almanac, actuarial science was ranked as the "number one job" in the nation when compared to 250 careers judged on the following combined criteria: work environment, income, stress level, security, physical demands, and employment opportunities (outlook).  Approximately one-half of all actuaries work for insurance companies, one-third in independent consulting firms, and the rest in federal and state government, corporations, and universities.

Career Preparation
The Career Management Office provides resources and guidance in helping students research and apply for employment and internships. Workshops are offered to aid students in the development of interviewing techniques, résumé writing, and self-generated job seeking skills. Student résumés and company profiles are maintained in computer and internet databases in order to facilitate effective job searches. In addition, career opportunities are available through on-campus recruitment sessions with major employers. Each February Maryville University hosts an Actuarial Science Career Day in which actuarial employers from a large number of local and regional companies spend a half-day on campus, talking to students and exploring opportunities in an informal setting.
 

Maryville University - Actuarial Science Program


Bachelor of Science in Actuarial Science

 

Maryville University - Actuarial Science Program

Required Courses: Credits
General Education Requirements 48
ACCT 210 Financial Accounting 3
ECON 201 Macroeconomics 3
ECON 202 Microeconomics 3
MATH 251 Calculus III 4
ACSC/MATH 201 Math Modeling w/Technology I 3
ACSC/MATH 301 Math Modeling w/Technology II 3
ACSC 305 Insurance and Risk 3
MATH 316 Applied Linear Algebra 3
ACSC/ECON 325 Intermediate Microeconomics 3
ACSC/MATH 370 Mathematical Statistics I 3
ACSC/MATH 371 Mathematical Statistics II 3
ACSC/MATH 405/505 Statistical Modeling I 3
ACSC/MATH 406/506 Statistical Modeling II 3
ACSC 414 Theory of Interest 3
ACSC 415 Financial Mathematics I 3
ACSC 416 Financial Mathematics II 3
ACSC/421/521 Actuarial Modeling I 3
ACSC 422/522 Actuarial Modeling II 3
ACSC 394 Seminar for Actuarial Exam I 3
ACSC 495 Seminar for Actuarial Exam II 3
   
Elective Courses  
ACSC 293/393/493 Cooperative Education variable credit
ACSC 296/396/496 Independent Studies variable credit
ACSC 297/397/497 Special Studies variable credit
ACSC/MATH 372 Mathematical Statistics III 3
ACSC 510 Risk Theory 3
 

Maryville University
650 Maryville University Drive, St. Louis, MO 63141
314.529.9300 • 1.800.627.9855