The academic requirements for actuarial science represent a specialized course of study within the larger context of a diverse liberal arts education. Not only are these requirements designed to provide a focused and rigorous approach to the core concepts of the discipline, but they also allow ample opportunities for exploration in other subjects and departments throughout the university. By studying actuarial science at DePauw, you will develop comprehensive expertise in your field while enjoying the benefits of a well-rounded education.
Ten
Two (one from each list):
One from the following courses (listed by area of specialization)
Five
The senior requirement consists of MATH 494 or MATH 495.
MATH 332/BUSA 332 and MATH 442 are one-half credit courses and will be offered in the same semester as MATH 331/BUSA 331 and MATH 441 respectively.
A student may not major in both Actuarial Science and in Mathematics. A student may not major in Actuarial Science and minor in Mathematics.
Actuarial Science majors develop their writing expertise by taking the classes Math 223, or Foundations of Advanced Mathematics, and Math 270, Linear Algebra or Math 336, An introduction to Financial Engineering. In lower level courses, significant emphasis will be placed on what it means to express mathematical thoughts and concepts through writing. In Math 336, emphasis will be placed on writing the project process and analyze the financial data by applying the theorems and techniques learned in class. Students are expected to explain the core mathematical tools and fundamental concepts of financial engineering in their papers. Discussion of writing in Actuarial Science takes place throughout the Actuarial Science curriculum, but receives special emphasis in these courses, where students have many opportunities to revise their writing after receiving feedback from the instructor and to integrate mathematical and financial symbols and prose writing, in the form of a cogent argument. The writing in the major requirement in Actuarial Science culminates in the math senior seminar, where students produce an expository paper of approximately twenty pages.
Leveraging the resources of the School of Business and Leadership, the actuarial science major at DePauw is housed in the Department of Mathematical Sciences. This department encourages the development of widely applicable skills in analytical thinking and problem solving by nurturing proficiency in data analysis, decision-making, oral and written communication, and an appreciation for diversity.