Statistics, Emphasis in Actuarial Science, B.S. in Applied Arts and Sciences

(Major Code: 17021) (SIMS Code: 776372)

All candidates for a degree in applied arts and sciences must complete the graduation requirements listed in the section of this catalog on “Graduation Requirements .”

A minor is not required with this major.

Upon entry to the program, the student will be assigned to an undergraduate adviser in statistics. Thereafter, the student will meet with the adviser each semester and discuss his or her academic program. A program of study must be approved by the undergraduate adviser in statistics.

In addition to meeting the requirements for undergraduate standing and the basic requirements for the bachelor of science degree as described in this catalog, the student must complete a Graduation Writing Assessment Requirement and must complete a minimum of 60 units of coursework as described below.

Emphasis in Actuarial Science

This emphasis is designed to prepare students for careers in the actuarial profession, applying probability and statistical models to problems of insurance and finance. Actuaries improve financial decision making by evaluating the current financial implications of uncertain future events. Students completing this emphasis would also be well prepared for graduate study in actuarial science or statistics.

Preparation for the Major

(34 units)

The student must complete these courses before being allowed to register for the upper division finance courses.

STAT 119 - Elementary Statistics for Business Units: 3
or
STAT 250 - Statistical Principles and Practices Units: 3
ACCTG 201 - Financial Accounting Fundamentals Units: 3
CS 150 - Introductory Computer Programming Units: 3
and
CS 150L - Introductory Computer Programming Laboratory Units: 1
ECON 101 - Principles of Economics Units: 3
ECON 102 - Principles of Economics Units: 3
MATH 150 - Calculus I Units: 4 must be completed with a minimum grade of C (2.0) and cannot be taken for credit/no credit (Cr/NC).
MATH 151 - Calculus II Units: 4 must be completed with a minimum grade of C (2.0) and cannot be taken for credit/no credit (Cr/NC).
MATH 245 - Discrete Mathematics Units: 3
MATH 252 - Calculus III Units: 4
MATH 254 - Introduction to Linear Algebra Units: 3

Graduation Writing Assessment Requirement

Passing the Writing Placement Assessment with a score of 10 or completing one of the approved upper division writing courses (W) with a grade of C (2.0) or better. See “Graduation Requirements ” section for a complete listing of requirements.

Major

A minimum of 36 upper division units to include

STAT 350A - Statistical Methods Units: 3
STAT 350B - Statistical Methods Units: 3
STAT 551A - Probability and Mathematical Statistics Units: 3
STAT 551B - Probability and Mathematical Statistics Units: 3
STAT 575 - Actuarial Modeling Units: 3
B A 323 - Fundamentals of Finance Units: 3
ECON 320 - Intermediate Macroeconomic Theory Units: 3
ECON 321 - Intermediate Microeconomic Theory Units: 3
FIN 327 - Investments Units: 3

Nine Units Selected from

STAT 325 - SAS Programming and Data Management Units: 3
STAT 410 - R Programming and Data Science Units: 3
STAT 496 - Experimental Topics Units: 1-4
STAT 560 - Sample Surveys Units: 3
STAT 596 - Advanced Topics in Statistics Units: 1-4
FIN 421 - Portfolio Management and Security Analysis Units: 3
FIN 427 - Derivatives and Financial Risk Management Units: 3
Or an appropriate course selected with the approval of the undergraduate adviser in Statistics.

Master Plan

A master plan of the courses taken to fulfill the major must be approved by the adviser and filed with the major department.