BS in Actuarial Science & Financial Mathematics​ 

Requirements

B.S. in Actuarial Science Curriculum

Every student majoring in Actuarial Sciences must complete the curriculum below, including general education, major requirements, foundations, electives, and cooperative work requirements.

Total Requirements
125

Minimum credit hours required for the B.S. degree in Actuarial Science.

General Education
48

University-wide academic foundation requirements.

Major Requirements
50

Core actuarial, statistics, finance, and mathematics courses.

Electives + Training
15

Major electives, technical electives, and cooperative work requirement.

Degree Requirements

125 Credit Hours

The curriculum is organized into five components shown below.

General Education Requirements

48 Credit Hours
CategoryCoursesCredit Hours
EnglishENGL 101, 102, 2149
Islamic & Arabic StudiesIAS 121, 111, 212, XXX8
General StudiesAny 1 GS course3
Physical EducationPE 1011
MathematicsMATH 101, 102, 201, 20814
Social and Behavioral SciencesECON 101, 1026
Accounting and FinanceACCT 110, ACCT 2106
General Education Total47

Major Requirements

50 Credit Hours
Course TitleCodeCredit Hours
Statistical Methods for ActuariesSTAT 2144
Financial ManagementFIN 2503
Introduction to Probability TheorySTAT 3013
Statistical InferenceSTAT 3023
Regression AnalysisSTAT 3103
Stochastic Processes for ActuariesSTAT 4163
Time SeriesSTAT 4603
Financial MathematicsAS 2013
Mathematics of Financial DerivativesAS 2513
Actuarial Science Problem Lab IAS 2891
Introduction to Numerical ComputingMATH 3713
Actuarial Contingencies IAS 3803
Actuarial Science Problem Lab IIAS 3891
Actuarial Contingencies IIAS 4814
Actuarial Risk Theory and CredibilityAS 4844
InvestmentsFIN 3203
Islamic FinanceFIN 4403

Business and Digital Foundation

13 Credit Hours
Course TitleCodeCredit Hours
Business and EntrepreneurshipBUS 2003
Introduction to Programming in Python and CICS 1043
Introduction to Data ScienceISE 2913
Career EssentialsCGS 3921
Introduction to Artificial IntelligenceCOE 2923

Major Electives

6 Credit Hours

A student should choose only 2 courses from the following track option A list.

Track Option A · General Insurance and Takaful

Course TitleCodeCredit Hours
Risk ModellingAS 4503
Survival Models for ActuariesAS 4763
Topics in Actuarial Science and Financial MathematicsAS 490/4913
Generalized Linear ModelsSTAT 4363
Enterprise Risk AnalysisAS 4603

Technical Electives

3 Credit Hours

A student should choose courses from the list below for a total of 3 credit hours.

  • STAT xxx — Any Statistics course
  • MATH xxx — Any Mathematics course
  • FIN 3xx or higher — Any Finance course at 3xx level or higher
  • ICS xxx — Any Computer Science course
  • ISE xxx — Any Industrial & Systems Engineering course

Cooperative Work Requirement

6 Credit Hours
Students registered under this option must participate in a 16-week program of industrial experience and submit a report for AS 398, Internship.