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B.S. in Business Administration with Joint Major in Actuarial Science

The joint major in Actuarial Science and Finance provides students with an opportunity to study two subjects that require strong quantitative and analytical reasoning skills. Skillsets in Finance complement Actuarial Science and vice versa.

The joint major prepares students for career opportunities in many facets of financial services, including insurance, banking, personal financial planning, portfolio management, and more.
For students planning to complete professional actuarial examinations, the finance courses cover several topics that appear on the advanced examinations.

Nonbusiness requirements:

  • Mathematics 50, 70, 100 (Calculus I, II and III)
  • Mathematics 80 (Linear Algebra)
  • Business core:
  • Statistics 71 and 72 are replaced by Actuarial Science 131 and corresponding lab 131L (Introduction to Probability I) and Actuarial Science 141 (Statistical Modeling and Data Analysis I)

Requirements for major:

  • Actuarial Science 120 (Theory of Interest) and corresponding lab 120L
  • 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)
  • Statistics 170 (Statistical Modeling and Data Analysis II)
  • Economics 10 (Principles of Macroeconomics), (recommended for Validation by Educational Experience)
  • Finance 102 (Advanced Corporate Finance)
  • Finance 129 (Financial Institutions Management)
  • Finance 170 (International Finance)
  • Finance 193 (Portfolio Analysis)
  • Finance 197 (Seminar in Finance)

To be fully prepared for Exam C (one of the first five actuarial examinations), students should also complete Actuarial Science 160 (Credibility and Simulation).

March 23, 2018
Drake University’s Center for Professional Studies will host a pair of one-day seminars that teach business professionals to understand and interpret financial statements.