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Overview | Degree Requirements | Costs and Scholarships | Research and Engagement | Faculty
Overview
An area of concentration in actuarial science at UMN Morris combines curriculum from the mathematics, statistics, economics, and computer science disciplines. This program will prepare you to begin a career in the actuarial profession or for further study in the field of actuarial science.
The actuarial science area of concentration is not an established major within a particular discipline at UMN Morris. Rather, this area of concentration was developed by mathematics faculty and statistics faculty, in consultation with the economics faculty and computer science faculty, who selected the academic curriculum and course requirements for it. To declare an actuarial science area of concentration as your major, please reach out to one of the faculty associated with actuarial science.
Degree Requirements
Graduation Requirements
If you’re interested in pursuing this area of concentration, you will need to work with an actuarial science faculty member to have it approved. The following requirements and courses can be used to guide the development of your actuarial science area of concentration.
- Complete a minimum of 40 credits of coursework, at least 20 of which must be upper division (3000- and 4000-level) courses.
- Complete a capstone experience.
Recommended Required Courses
- MATH 1101. Calculus I (5 credits)
- MATH 1102. Calculus II ( 5 credits)
- MATH 2101. Calculus III (4 credits)
- STAT 1601. Introduction to Statistics (4 credits)
- STAT 2501. Probability and Stochastic Process (4 credits)
- STAT 2611. Mathematical Statistics (4 credits)
- ECON 1101. Principles of Economics (4 credits)
- MGMT 2101. Principles of Accounting I (4 credits)
- MGMT 2102. Principles of Accounting II (2 credits)
- CSCI 1301. Problem Solving and Algorithm Development (4 credits)
- MATH 3111. Linear Algebra (4 credits)
- MATH 3411. Discrete and Combinatorial Mathematics (4 credits)
- STAT 3901W. Statistical Communication (2 credits)
- MGMT 3101. Financial Management (4 credits)
- Stat 4993. Directed Study in Actuarial Mathematics (4 credits)
- STAT 4901. Senior Seminar Capstone (2 credits)
Recommended Additional Courses
- Math, statistics, or computer science courses at the 3000- or 4000-level
Student Learning Outcomes
By completing an area of concentration in actuarial science, you will be able to
- apply probability theory and statistical inference to analyze risk and uncertainty;
- communicate technical actuarial results effectively in written, oral, and visual forms to diverse audiences;
- demonstrate problem-solving and critical-thinking skills in applying actuarial methods to real-world scenarios; and
- use statistical software and programming tools (e.g., R, Python, SAS, Excel) to analyze actuarial data.
Costs and Scholarships
Costs at a Glance
The University of Minnesota Morris is a national public liberal arts college committed to making a high-quality education available to students from across the country. Expenses for housing, meals, books and supplies, transportation, loan fees, and personal expenditures can vary.
Use our net price calculator to estimate your cost of attendance
Actuarial Science Scholarships
Scholarships are a type of financial aid awarded to you and are often based on specific criteria, such as your major, GPA, or financial need.
Research and Engagement
Engagement Opportunities
As a UMN Morris student pursuing the actuarial science area of concentration, you are strongly encouraged to complete an internship during your second to last year at UMN Morris and to complete the first two actuarial exams on probability, mathematical statistics, and financial mathematics as soon as you graduate.
