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Actuarial Science Major

Actuarial Science students will complete the core business curriculum, which includes a combination of accounting, economics, math, statistics, management, and other business courses, in addition to a series of Actuarial Science courses. Students begin with calculus I–calculus III, which provide the mathematical basis for actuarial work. This is followed with four semesters of probability and statistics. These courses provide general modeling skills.

At the same time, courses in finance and interest theory provide the needed background in investments. These skills are combined in the two-semester actuarial mathematics sequence where specific actuarial problems are addressed. Plus, professional preparation with emphasis on communication, writing, and presentation skills provides a well-rounded experience that will put you a step ahead of the competition come graduation.

Requirements for major:

Non-business requirements:

  • Mathematics 50, 70, 100 (Calculus I, II and III)
  • Mathematics 80 (Linear Algebra)
  • Information Systems 44 (IT Applications for Business)

Business core:

  • Statistics 71 and 72 are replaced by Actuarial Science 131 (Introduction to Probability I) and Actuarial Science 141 – (Statistical Modeling and Data Analysis I)

Requirements for major:

  • Actuarial Science 120/120L (Theory of Interest and Lab)
  • Actuarial Science 121 (Introduction to Derivatives)
  • Actuarial Science 132 (Introduction to Probability II)
  • Actuarial Science 145 (Derivatives Mathematics)
  • Actuarial Science 150 (Life Insurance Mathematics I)
  • Actuarial Science 170 (Statistical Modeling and Data Analysis II)
  • Finance 102 (Advanced Corporate Finance)
  • Choose one: Actuarial Science 151 (Life Insurance Mathematics II) or Actuarial Science 160 (Credibility & Simulation)
December 7, 2017
Drake University will hold a commencement ceremony this month to celebrate the accomplishments of 325 undergraduate, graduate, and doctoral students who completed their degree requirements as of the conclusion fall 2017 semester.