Actuarial Science, Minor
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
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.
| Code | Title | Credits |
|---|---|---|
| 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 290 | Introduction to Actuarial Science | 3 |
| ACTSCI 391 | Investment Mathematics I | 4 |
| MATH 234 | Linear Algebra and Differential Equations | 3-4 |
| or MATH 240 | Matrices and Applications | |
| MTHSTAT 361 | Introduction to Mathematical Statistics I | 3 |
| MTHSTAT 362 | Introduction to Mathematical Statistics II | 3 |
| BUS ADM 450 | Intermediate Finance 2 | 3 |
| Total Credits | 27-32 | |
- 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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