Actuarial Science

Actuarial Science deals with design, financing and operation of insurance plans. Financial security for people and companies is the main goal of an actuary. Typical problems could include setting the premium for automobile insurance, insuring an athlete against injury or determining the payout for a sweepstakes contest.

Actuaries are in demand in business and industry, and the average salary is quite high. Prospective actuaries take a series of tests, and this program will prepare you for the first test, which should lead to quick employment.

Admission Requirements

First year student admission is open to high school graduates (or equivalent) who demonstrate academic preparedness, maturity and seriousness of purpose with educational backgrounds appropriate to their chosen program of study. High school courses and grade point average, ACT composite score, and ACT reading and mathematics subscores will be considered in the admission and placement process. Transfer students must have at least 12 credits at the time of application with a minimum 2.0 overall GPA including an English and mathematics course, or they must provide their high school records and ACT scores for admission review.

Graduation Requirements

The actuarial science program leads to a bachelor of science degree. Graduation requires a minimum 2.0 overall GPA and a minimum of 120 credits including completion of all general education requirements as outlined on the General Education website. Additionally, a minimum 2.5 GPA in all math and computer science course work is required.

Required Courses (number of credit hours in parentheses)
See Course Descriptions page for more information about each course.

CPSC 130 Programming and Problem Solving (4)
CPSC 200 Object Oriented Programming (4)
MATH 220 Calculus 1 (4)
MATH 230 Calculus 2 (4)
MATH 251 Statistics (3)
MATH 320 Calculus 3 (4)
MATH 322 Linear Algebra (3)
MATH 330 Differential Equations (3)
MATH 340 Numerical Analysis (3)
MATH 414 Mathematical Statistics 1 (4)
MATH 416 Mathematical Statistics 2 (4)
MATH 417 Problem Solving Strategies in Probability Theory (3)
MATH 450 Theory of Interest (3)
MATH 451 Problem Solving Strategies in Interest Theory (3)
ECON 221 Principles of Macroeconomics (3)
ECON 222 Principles of Microeconomics (3)
Directed Elective (3 or 4)


Sample Course Sequences

(Yellow-shaded course numbers indicate alternate-year offerings)

Odd Year Entry

Fall Odd Year 1
CPSC 130
MATH 220
Spring Even Year 1
CPSC 200
MATH 230
Fall Even Year 2
MATH 322
MATH 330
Spring Odd Year 2
MATH 251
MATH 320
Fall Odd Year 3
MATH 450
Spring Even Year 3
MATH 451
MATH 340
Fall Even Year 4
MATH 414
 
Spring Odd Year 4
MATH 416
MATH 417

Even Year Entry 

Fall Even Year 1
CPSC 130
MATH 220

Spring Odd Year 1
CPSC 200
MATH 230

Fall Odd Year 2
MATH 322
MATH 330

Spring Odd Year 2
MATH 251
MATH 320

Fall Even Year 3
MATH 414
 

Spring Odd Year 3
MATH 416
MATH 417
Fall Odd Year 4
MATH 450
Spring Even Year 4
MATH 340
MATH 451

Contact Information

Actuarial Science Program Coordinator: Kent Sun
E-mail: sunk@ferris.edu
Office Location: ASC 2031
Phone: (231) 591-2579

Department Information:
Mathematics Department
820 Campus Drive, ASC 2021
Big Rapids, MI 49307
Phone: (231) 591-2565