Majoring in Mathematics as an Undergraduate Actuarial Student
This is a brief sketch of how to concentrate in actuarial studies as a math major. For official information on majoring in math, please consult the university catalog and your advisor.
BA or BS?There are two undergraduate degrees available to mathematics students. In general, the various options under the BS require greater emphasis on math courses while the BA provides greater flexibility.
A student interested in actuarial studies early in his undergraduate career will probably find the BS actuarial option attractive, since the classes that fulfill degree requirements also prepare him for a future in the field. A student who discovers actuarial studies later may prefer to pursue a BA, since it requires less intense actuarial study, but still allows enough actuarial classwork to compete for an entry-level job.
Sample Course PlanEach student has a unique background, individual strengths and weaknesses and varying goals, therefore, each student will have a unique course plan. This is an example of a freshman (with AP credit for one semester of calculus) who wants to be an actuary and pass an actuarial exam as soon as possible (while preparing for all the exams).
Fall: complete calculus sequence (may need to take a 3rd semester in the spring)
Spring: M 362K, prepare for Exam P/1 then take it in May (if unsuccessful, study through the summer and retake Exam P/1 in July)
Fall: ACF 329
Spring: ACF 129D, prepare for Exam FM/2 then take it in March or May, find an internship for the summer
Fall: M 339W, M 339U, prepare for Exam MFE
Spring: M 339V, M 339J, continue to prepare for Exam MFE then take it in May, find an internship for the summer
Fall: M 349P, prepare for Exam C and take it as soon as possible
Spring: M 349R - take for VEE credit in applied statistics
This student will graduate with five exams passed, multiple full-time job offers and fond memories of UT!