2 0 1 3 bulletin - Butler University

Professional:
• Board of Visitors for actuarial science offers
advice for the program and helps students
find internships and jobs
• Professional actuaries teach some upperlevel
actuarial science classes
• Program prepares students to take 3-4
actuarial science examinations while at Butler
Degrees
• B.A. or B.S. in Actuarial Science
• Minor in Actuarial Science
Actuarial Science Program Student
Learning Outcomes
• Demonstrate a working knowledge of the
basic concepts and theory of actuarial
science as defined by the first four exams
given by the Society of Actuaries: Probability
(P), Financial Mathematics (FM), Actuarial
Models (MLC and MFE), and Construction
and Evaluation of Actuarial Models (C).
• Solve insurance and financial problems
related to risk assessment and perform
related calculations by applying standard
actuarial methods.
• Communicate quantitative analyses clearly
to various audiences, both in writing and
orally.
Requirements for the Major
• MA106, 107, 208, Calculus and Analytic
Geometry I, II, III
• MA215, Linear Algebra
• MA360, Probability Theory I
• MA361, Statistical Theory
• MA362, Applied Statistical Methods
• MA363, Probability Theory II
• MA372, Loss Models
• MA395, Financial Mathematics
• MA397, Actuarial Mathematics I
• MA398, Actuarial Mathematics II
• MA399, Financial Derivatives
Requirements for the Minor
• MA106, 107, Calculus and Analytic
Geometry I, II
• MA360, Probability Theory I
• MA395, Financial Mathematics
• Two of the following courses:
• MA363, Probability Theory II
• MA372, Loss Models
• MA397, Actuarial Mathematics I
• MA398, Actuarial Mathematics II
• MA399, Financial Derivatives
171 Butler University
Actuarial Science/Management
Program
The insurance and financial service industries
see a strong need for management prospects
who combine the analytical and technical skill
related to the actuarial science training with
the leadership capabilities, people skills and
understanding of business which come from
good management education. Individuals with
this blend of skills and training should be able
to command excellent entry-level positions
and be strong candidates for advancement to
management positions. This program includes
an undergraduate major in actuarial science and
a component of business theory followed by a
33 hour MBA program, most likely with a concentration
in either organizational leadership or
finance.
Phase I — The Undergraduate Curriculum
Requirements for the Major
• MA106, 107, 208, Calculus and Analytic
Geometry I, II, III
• MA215, Linear Algebra
• MA360, Probability Theory I
• MA361, Statistical Theory
• MA362, Applied Statistical Methods
• MA363, Probability Theory II
• MA372, Loss Models
• MA395, Financial Mathematics
• MA397, Actuarial Mathematics I
• MA398, Actuarial Mathematics II
• MA399, Financial Derivatives
In addition, the following business courses
are required
• AC203, 204, Introduction to Accounting
I, II
• MS265, Information Technology
(Prerequisite: MS100)
• EC231, 232, Principles of Micro/
Macroeconomics
• FN340, Corporate Finance
• MK380, Introduction to Marketing
Management
• MG360, Organizational Behavior
A student must achieve a minimum of B in a
given business course to waive the comparable
prerequisite (400 level) course in the MBA
program.
Phase II — The graduate curriculum
Upon successful completion of Phase I, and
meeting the MBA program admission require-
The College of Liberal Arts and Sciences