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Actuarial Science applies mathematical and statistical models to problems originating in insurance, risk management, finance, and economics. The Actuarial Science Minor provides essential coursework for these fields and is an excellent complement to a finance or economics major.

Program Type

Minor

Program Format

On Campus
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Admission to this minor requires a minimum grade point average of 2.5 in MATH 231, 232, and 233 (or equivalent). These three courses do not count in the minor GPA. Students who have completed these courses with the required grade point average may complete a formal declaration of minor at the department office.

Requirements

Students must complete at least 9 upper-division (numbered 300 and above) credits for the minor in residence at UWM. The College of Letters & Science requires that students attain at least a 2.0 GPA on all credits in the minor attempted at UWM. In addition, students must attain a 2.0 GPA on all minor credits attempted, including any transfer work.

Admission Courses 1
One of the following calculus sequences (or an equivalent)8-12
Calculus and Analytic Geometry I
and Calculus and Analytic Geometry II
and Calculus and Analytic Geometry III
Survey in Calculus and Analytic Geometry I
and Survey in Calculus and Analytic Geometry II
Required Courses
ACTSCI 290Introduction to Actuarial Science3
ACTSCI 391Investment Mathematics I4
MATH 234Linear Algebra and Differential Equations3-4
or MATH 240 Matrices and Applications
MTHSTAT 361Introduction to Mathematical Statistics I3
MTHSTAT 362Introduction to Mathematical Statistics II3
BUS ADM 450Intermediate Finance 23
Total Credits27-32
1

Admission to the minor requires a minimum GPA of 2.500 in these courses or an equivalent course sequence. Students who have completed these courses with the required GPA may complete a formal declaration of minor at the department office. These courses do not count in the minor GPA.

2

BUS ADM 450 should be completed with a grade of B- or better.

Students minoring in Actuarial Science will work directly with their faculty advisor to receive guidance on course selection and requirements.

Students completing a bachelor’s degree in the College of Letter & Science who already have an L&S College advisor can discuss the minor with their College advisor as well. Students whose major is outside of the College of Letters & Science will not have an L&S College advisor and can work solely with their Actuarial Science faculty advisor to address any questions related to the minor

Declare your minor using the “Declare a Minor” button on the Actuarial Science website and a faculty advisor will contact you. Or email math-staff@uwm.edu with questions.

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Accreditation

The Society of Actuaries recognizes UWM as a Center of Actuarial Excellence, one of only 20 U.S. universities with this distinction.

Contact

Prospective Students (not yet enrolled at UWM)

Prospective students, contact our admissions counselor at let-sci@uwm.edu or 414-229-7711.

Current Students

General questions such as how to declare, how to change a major, general education requirements, etc. should be directed to the College advising office at ls-advising@uwm.edu or 414-229-4654.

Specific questions about Actuarial Science, such as research opportunities, internship opportunities, major requirements, etc., should be directed to Undergraduate Coordinator, Jessica Gartner.