Actuarial Studies Minor

Location(s): University of Maine

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OVERVIEW OF DEGREE REQUIREMENTS

Minimum number of credits required to earn minor: 18

GPA requirements to earn minor: A cumulative GPA of 2.0 or better in the courses in the minor field that are credited toward completion of the minor

Minimum Grade requirements for courses to count toward minor: A C or higher is required in STS 434 and STS 435.

Other requirements: A minimum of 12 credit hours must be completed at the University of Maine.

Contact Information: Prof Gilbert Moss, Mathematics and Statistics, 322 Neville Hall, 581-3920, gilbert.moss@maine.edu

The minor in Actuarial Studies will provide students with the coursework needed for a basic readiness to enter the workforce as an Actuary. Through coursework in economics, mathematics and finance that has been approved by the Society of Actuaries (SoA), students will emerge prepared to study for and take the first two SoA credentialing examinations (Probability, and Financial Mathematics).

Core Courses (18 credits:)

ACC 201 - Principles of Financial Accounting Credits: 3
ECO 120 - Principles of Microeconomics Credits: 3
ECO 121 - Principles of Macroeconomics Credits: 3
FIN 350 - Business Finance Credits: 3
STS 434 - Probability Theory Credits: 3
STS 435 - Introduction to Mathematical Statistics Credits: 3

Electives (recommended but not required)

ACC 202 - Principles of Managerial Accounting Credits: 3
(This can be used in place of ACC 201 as a core course)
ECO 385 - Econometrics Credits: 3
ECO 453 - Financial Economics Credits: 3