Actuarial Science

Many math majors pursue actuarial careers. UGA now offers a certificate in actuarial science. You may apply from February 1 to March 1 or from September 1 to October 1, starting in 2013. Contact Ms. Kathy Cohen with any questions. The Society of Actuaries and the Casualty Actuarial Society are currently revamping their curriculum. See the Be An Actuary website for general information on what actuaries do. For information on the new curriculum and exams, check out the article by Jim Daniel at the MAA website and Kryzs Ostaszewski's website "So … You Want to Know How to Pass Actuarial Exams?" at Illinois State. It is recommended that a student interested in pursuing a career in actuarial science take the following classes in mathematics and statistics (along with MATH 2700, 3000 or 3300, 3100, and 3200, of course):

 

MATH 4500-4510 Numerical Analysis
MATH 4600 Probability
STAT 4230 Regression
STAT 4510 Mathematical Statistics I
STAT 4280 Applied Time Series Analysis

and (some of) the following courses in Risk Management, Finance, and Economics:  

 

RMIN 4000 Risk Management and Insurance
RMIN 5570 Insurer Operations and Policy
FINA 3001 Financial Management
FINA 4310 Survey of Investments
ECON 4010 Intermediate Microeconomics
ECON 4020 Intermediate Macroeconomics

Currently these may be taken as electives in a usual mathematics major. P.O.S. access for the RMIN courses (except RMIN 4000, which has no prerequisite), the upper-level ECON classes (provided one has fulfilled the ECON 2105–2106 prerequisites), and for FINA 3001 and FINA 4310 may be obtained from Ms. Kathy Cohen (actuary@terry.uga.edu, 297B Brooks Hall).