Program: Mathematical Sciences - Actuarial Science Concentration, (B.S.) - University of Memphis

Jun 27, 2025

2025-2026 UNDERGRADUATE CATALOG

The goal of this concentration is to prepare undergraduate students through fulfilling requirements in mathematics, statistics, economics, and finance for a career in actuarial science. Aspiring actuaries are required to take examinations administered by the Society of Actuaries (SOA).These examinations are the most important benchmark by which the training of actuarial students is measured. Courses required for a track are designed to prepare students for the first two SOA examinations

University General Education Program (41 hours)

See Graduation from the University for the University General Education Program requirements.

Note: The following requirements are general education courses that are required for the Mathematical Science Major.:

Mathematics:

MATH 1910 - Calculus I ** Credit Hours: (4)

Natural Science:

CHEM 1110 - General Chemistry I** Credit Hours: (3)
CHEM 1111 - General Chemistry I Lab Credit Hours: (1)
CHEM 1120 - General Chemistry II** Credit Hours: (3)
CHEM 1121 - General Chemistry II Lab Credit Hours: (1)
or
PHYS 2110 - Physics for Scientists and Engineers I Credit Hours: (3)
PHYS 2111 - Physics for Scientists and Engineers I Lab Credit Hours: (1)
PHYS 2120 - Physics For Scientists and Engineers II Credit Hours: (3)
PHYS 2121 - Physics for Scientists and Engineers II Lab Credit Hours: (1)

The Major (53-54 hours)

Program objectives for a B.S. in Mathematical Sciences are to: (a) understand the notion of a real valued function; (b) understand the concept of differentiation and be able to apply the rules of differentiation to functions of one real variable. Be able to use these techniques to solve problems in optimization; (c) understand the use of vector analysis to describe the geometry of higher dimensional spaces; (d) understand how to extend the concepts of the calculus of functions of one variable to higher dimensions; (e) use matrices to solve systems of linear equations and to describe linear transformations; (f) understand abstract structures in mathematics; (g) be able to read and present mathematical proofs including an understanding of the basic types of proofs; (h) be able to formulate their own proofs of simple mathematical statements; (i) be able to use a computer to assist with the solution of mathematical problems; (j) Have advanced knowledge of at least one specialist area of mathematics.

Actuarial Science Concentration (33 Credit Hours)

MATH 4020 - Actuarial Mathematics Credit Hours: (3)
MATH 4022 - Financial Mathematics I – Theory of Interest Credit Hours: 3
MATH 4025 - Financial Mathematics II – Derivatives Credit Hours: 3
MATH 4607 - Intro SAS Programming Credit Hours: (3)
MATH 4608 - R for Data Proc and Visual Credit Hours: (3)
MATH 4635 - Intro Probability Theory Credit Hours: (3)
MATH 4636 - Intro Statistical Theory Credit Hours: (3)
ACCT 2010 - Financial Accounting Credit Hours: (3)
ECON 2010 - Intro to Macroeconomics** Credit Hours: (3)
FIR 3410 - Financial Management ** Credit Hours: (3)

Elective Hours

Additional electives to bring credit hours to required 120 hours. Students taking the program outlined above will have 32-33 elective hours.