Actuarial Science

The Department of Mathematics and Computer Science at the University of Indianapolis offers a major in Actuarial Science. An actuary is a professional who uses mathematics, statistics, and economic theory to help companies understand and manage financial risk. Actuaries work primarily for insurance companies, financial firms and government agencies.

The core of the University of Indianapolis actuarial program consists of mathematics, economics, and finance courses that prepare the student for a career as an actuary. The courses provide students with the content knowledge to pass several preliminary examinations, in particular, Exams P (Probability), MF (Mathematics of Finance), and MLC (Actuarial Models), required for professional designation by the Society of Actuaries and the Casualty Actuarial Society.

Required courses in Mathematics

Required courses in Economics and Finance

Electives: two courses selected from

A Course in Computing

Other requirements


Sample Plan of Study for the Major Courses (number of credits in parentheses)

Semester I

  • MATH-185: Orientation to the Mathematical Sciences (1)
  • MATH-190: Calculus I (4)
  • ACCT-210: Financial Accounting (3)

Semester II

  • MATH-191: Calculus II (4)
  • ACCT-212: Managerial Accounting (3)

Semester III

  • MATH-270: Calculus III (4)
  • ECON-110: Microeconomics (3)
  • FIN-210: Finance (3)

Semester IV

  • MATH-280: Linear Algebra (4)
  • ECON-111: Macroeconomics (3)
  • CSCI-155: Introduction to Programming Using C++ (4) or
  • CIS-153: Visual Basic (3)

Semester V

  • MATH-450: Probability and Statistics I (3)
  • MATH-356: Theory of Interest (3)

Semester VI

  • MATH-451: Probability and Statistics II (3)
  • FIN-350: Investments (3)
  • PHYS-153: Physics I (4)

Semester VII

  • MATH-456: Actuarial Mathematics (3)
  • Actuarial Science Elective (3)

Semester VIII

  • MATH-466: Loss Models (3)
  • Actuarial Science Elective (3)