Bachelor of Science in Actuarial Science

The Actuarial Science degree program is designed for students who wish to pursue a career as an actuary or in other areas of industry dealing with risk management. Actuaries identify and manage the financial impact of risk. They typically work for financial or insurance companies. With margins thinner, actuarial accuracy is more necessary than ever to the global economy. To become an actuary, you must pass a series of examinations administered by one of the professional societies.

Why CBU?

CBU’s actuarial science program is designed to prepare students to take the first two actuarial exams. Also, the Society of Actuaries (SOA) has approved CBU for Validation by Educational Experience (VEE) in all three areas of Applied Statistical Methods, Economics, and Corporate Finance.

Career Opportunities

  1. Insurance IndustryActuaries analyze the financial costs of risk and uncertainty. The industry with the most actuary employment opportunities.
  2. Enterprise Risk ManagementActuaries provide broad business and management oversight for an organization’s most senior decision makers.
  3. Business AnalyticsActuaries work on predictive analytics, predictive modeling and data mining.
  4. Banking and Financial ServicesActuaries help banks and financial services companies with product portfolio, capital management and risk analysis.
  5. Wealth Management and Financial PlanningEducator/Professor/ESL

Links

  1. http://www.bls.gov/ooh/math/actuaries.htm
  2. http://www.beanactuary.org/
  3. https://www.soa.org
  4. http://www.actuary.org/
  5. http://www.science.purdue.edu/careers/what_can_i_do_with_a_major/math/index_actuarial.html

Actuarial Science (64 units) BS

Lower Division Requirements

ACC250 Principles of Accounting I

An introduction to financial accounting, involving its basic structure, the accounting cycles for service and merchandising enterprises, assets, liabilities, and accounting systems. (3 units; Fall)

ACC250-C
Markley, Randy T.
09/05/2017 TTh 2:00 PM - 3:30 PM BUS 106
ACC250-D
Kaminski, Ellen Elizabeth
09/05/2017 MW 2:30 PM - 3:30 PM BUS ONLN
ACC250-A
Christie, Stephen R.
09/05/2017 MW 8:15 AM - 9:15 AM BUS ONLN
ACC250-B
Christie, Stephen R.
09/05/2017 MW 10:45 AM - 11:45 AM BUS ONLN
ACC250-A
Kaminski, Ellen Elizabeth
01/10/2018 MWF 12:00 PM - 1:00 PM BUS 252
ACC250-A
STAFF, STAFF
05/07/2018 T 8:00 AM - 12:00 PM TBA

ACC251 Principles of Accounting II

This course has an emphasis on managerial accounting involved with corporations, control accounting, and decision making. Prerequisite: ACC 250. (3 units; Spring)

ACC251-A
Markley, Randy T.
09/05/2017 TTh 12:15 PM - 1:45 PM BUS 106
ACC251-A
Kaminski, Ellen Elizabeth
01/10/2018 MWF 2:30 PM - 3:30 PM BUS 106
ACC251-B
STAFF, STAFF
01/10/2018 TTh 8:45 AM - 10:15 AM BUS 253
ACC251-C
Christie, Stephen R.
01/10/2018 MW 8:15 AM - 9:15 AM BUS ONLN
ACC251-D
STAFF, STAFF
01/10/2018 TTh 10:30 AM - 12:00 PM BUS 250
ACC251-A
STAFF, STAFF
07/02/2018 T 8:00 AM - 12:00 PM TBA

BUS217 Microeconomics

This course studies economic behavior at the individual level. Topics include decision-making processes of households and firms, supply and demand, elasticity, and marginal analysis. Market structure and public policy are examined to evaluate their impact on economic welfare and the allocation of scarce resources. (3 units; Fall/Spring)

BUS217-B
Keyes-Kimbirk, Wendy R
09/05/2017 MWF 12:00 PM - 1:00 PM BUS 123
BUS217-C
Keyes-Kimbirk, Wendy R
09/05/2017 MWF 9:30 AM - 10:30 AM BUS 204
BUS217-A
Namvar, Bob
09/05/2017 TTh 12:15 PM - 1:45 PM BUS 204
BUS217-A
Namvar, Bob
01/10/2018 TTh 10:30 AM - 12:00 PM BUS 202
BUS217-B
Keyes-Kimbirk, Wendy R
01/10/2018 MWF 12:00 PM - 1:00 PM BUS 204

BUS218 Macroeconomics

This course offers a common sense approach to economics, covering basic economic laws and how they apply to our world and everyday life. The course focuses on the overall economy and economic theories that offer explanations for its fluctuations and changes. Also, the course is designed to give the student a sufficient grounding in the terminology, basic concepts, and issues of economics to stimulate interest in further study and provide background in business. (3 units; Fall/Spring)

BUS218-A
Keyes-Kimbirk, Wendy R
09/05/2017 Th 2:00 PM - 5:00 PM BUS 204
BUS218-B
Namvar, Bob
09/05/2017 TTh 10:30 AM - 12:00 PM BUS 204
BUS218-A
Namvar, Bob
01/10/2018 Th 2:00 PM - 5:00 PM BUS 202
BUS218-B
Namvar, Bob
01/10/2018 TTh 12:15 PM - 1:45 PM BUS 202
BUS218-C
Keyes-Kimbirk, Wendy R
01/10/2018 MWF 9:30 AM - 10:30 AM BUS 202

CIS268 Computer Programming Languages

In this course concepts of computer programming languages are presented. Attention is given to the common constructs of programming languages as well as a structured approach to program development. The programming language may change from semester to semester. (3 units; Spring)

CIS268-A
Corso, Anthony J.
01/10/2018 MWF 8:15 AM - 9:15 AM Yeager Center B113

MAT245 Analytical Geometry & Calculus I

Basic concepts of analytical geometry, limits and derivatives, differentials and rates, integration, definite and indefinite integrals, differentiation of logarithmic and exponential functions. Prerequisite: MAT 135, 145, EGR 182, or sufficient SAT, ACT or math placement exam scores and appropriate high school mathematics background. (4 units; Fall/Spring)

MAT245-D
Erickson, Sheraya Linn
09/05/2017 MWF 8:45 AM - 9:30 AM Yeager Center B222
MAT245-E
Erickson, Sheraya Linn
09/05/2017 MWF 9:30 AM - 10:15 AM Yeager Center B222
MAT245-A
Cordero, Ricardo J.
09/05/2017 MWF 7:00 AM - 7:45 AM BUS 103
MAT245-C
Cordero, Ricardo J.
09/05/2017 Th 8:15 AM - 9:15 AM BUS 123
MAT245-B
Cordero, Ricardo J.
09/05/2017 MWF 7:45 AM - 8:30 AM BUS 103
MAT245-C
Nielsen Hernandez, Michelle
01/10/2018 W 9:30 AM - 10:30 AM BUS 204
MAT245-D
Nielsen Hernandez, Michelle
01/10/2018 W 9:30 AM - 10:30 AM BUS 204
MAT245-A
Nielsen Hernandez, Michelle
01/10/2018 W 8:15 AM - 9:15 AM BUS 204
MAT245-B
Nielsen Hernandez, Michelle
01/10/2018 W 8:15 AM - 9:15 AM BUS 204
MAT245-A
Willett, Robert James
05/07/2018 MTWTh 10:30 AM - 12:30 PM TBA

MAT255 Anlytical Geometry & Calculus II

Continued study and applications of integration: volumes, lengths, surface of revolution; derivatives and integrals involving trigonometric functions, infinite series, expansion of functions, hyperbolic functions, law of the mean, indeterminate forms, partial fractions, polar coordinates, and conic sections. Prerequisite: MAT 245. (4 units; Fall/Spring)

MAT255-B
Willett, Robert James
09/05/2017 MWF 9:30 AM - 10:15 AM BUS 252
MAT255-A
Willett, Robert James
09/05/2017 MWF 8:45 AM - 9:30 AM BUS 252
MAT255-C
Willett, Robert James
09/05/2017 T 9:30 AM - 10:30 AM Mission Hall 124
MAT255-D
Willett, Robert James
09/05/2017 T 1:15 PM - 2:15 PM Yeager Center B219
MAT255-A
Willett, Robert James
01/10/2018 MWF 7:00 AM - 7:45 AM Yeager Center B222
MAT255-B
Willett, Robert James
01/10/2018 MWF 7:45 AM - 8:30 AM Yeager Center B222
MAT255-C
Sill, Michael R.
01/10/2018 MWF 1:00 PM - 1:45 PM Yeager Center B221

STA144 Introduction to Statistics

Mathematical theory and applications, development of formulae, principles of statistical decision theory, descriptive measurements, probability concepts, random variables, normal distribution, inferential statistics, sampling distributions, confidence intervals, hypothesis testing, chi-squared procedures, linear regression, and the use of computers in statistics. Prerequisite: MAT 115 or sufficient SAT, ACT or math placement exam scores and appropriate high school mathematics background. (3 units; Fall/Spring)

STA144-E
Knisley, Benjamin David
09/05/2017 TTh 5:30 PM - 7:00 PM BUS 106
STA144-F
Knisley, Benjamin David
09/05/2017 TTh 7:15 PM - 8:45 PM BUS 203
STA144-C
Wood, Daniel A.
09/05/2017 MWF 9:30 AM - 10:30 AM Yeager Center B221
STA144-D
Wood, Daniel A.
09/05/2017 MWF 10:45 AM - 11:45 AM Yeager Center B221
STA144-B
Wood, Daniel A.
09/05/2017 MWF 8:15 AM - 9:15 AM Yeager Center B221
STA144-A
Carothers, Linn E.
09/05/2017 MWF 12:00 PM - 1:00 PM BUS 125
STA144-C
Knisley, Benjamin David
01/10/2018 T 6:00 PM - 9:00 PM TBA
STA144-A
Carothers, Linn E.
01/10/2018 MWF 12:00 PM - 1:00 PM Yeager Center A110
STA144-B
Carothers, Linn E.
01/10/2018 MWF 1:15 PM - 2:15 PM Yeager Center A110
STA144-A
Knisley, Benjamin David
05/07/2018 TTh 3:45 PM - 5:15 PM TBA
STA144-B
Knisley, Benjamin David
07/02/2018 TTh 3:45 PM - 5:15 PM TBA

STA205 Applied Linear Regression

This course represents a basic concepts and methodology course in regression analysis using application of general linear regression models to real-life situations. Case studies are used to give practice in diagnosing practical problems, deciding on appropriate models, and knowing which inferential technique will answer the researcher’s questions for the purposes of description and prediction. Regression models and model building typical of problems used in the social and behavioral sciences, the natural and health sciences, and many other disciplines are covered. Prerequisite: STA 144. (3 units; Spring even years)

STA205-A
Noh, Heewon Esther_AKA:_Esther_L
01/10/2018 TTh 10:30 AM - 12:00 PM Yeager Center B259

STA210 Statistical Computing I

An introduction to data mining, management and statistical programming techniques using comprehensive and widely available tools like SAGE, SPSS, SAS and R. Students learn exploratory data analysis, coding and manipulation of variables, database management applying statistical concepts. Modeling and simulation experiments on a variety of applied data sets. Prerequisites: STA 144. (3 units; Fall odd years)

STA210-A
Noh, Heewon Esther_AKA:_Esther_L
09/05/2017 TTh 2:00 PM - 3:30 PM Yeager Center B222

STA211 Statistical Computing II

A continuation of Statistical Computing I using comprehensive and widely available tools like SAGE, SPSS, SAS and R. Advanced techniques will be covered including (but not limited to) numerical linear algebra, optimization and nonlinear equations, the EM algorithm, Laplace approximations, quadrature methods, simulation methodology, sampling, Monte Carlo and bootstrap methods. Prerequisites; STA 210, MAT 255 and 303. (3 units; Spring even years)

STA211-A
Noh, Heewon Esther_AKA:_Esther_L
01/10/2018 TTh 12:15 PM - 1:45 PM Yeager Center B259

Upper Division Requirements

BUS303 Business Finance

This course provides an introduction to the principles of financial management. It includes an overview of financial management, financial analysis and control, capital investment decisions, raising funds and cost of capital, sources of long-term funds and cash management principles. Prerequisite: ACC 250 or 350 and CIS 265 or 270. (3 units; Fall)

BUS303-C
Harrison, Adele L.
09/05/2017 MWF 12:00 PM - 1:00 PM BUS 253
BUS303-A
Donaldson, Darla R.
09/05/2017 MWF 8:15 AM - 9:15 AM BUS 104
BUS303-B
Harrison, Adele L.
09/05/2017 TTh 2:00 PM - 3:30 PM BUS 253
BUS303-A
Donaldson, Darla R.
01/10/2018 MWF 8:15 AM - 9:15 AM BUS 253

MAT303 Linear Alg w/Appl to Diff Equtns

This course is designed to teach students some of the basic computational skills of Linear Algebra in the context of Differential Equations. Students will learn to use the basic operations of matrices, study systems of linear equations and find the determinant, eigenvalues and eigenvectors of a matrix. The student will apply these tools in the qualitative study of solutions to systems of Differential Equations. Prerequisite: MAT245. (3 units; Fall)

MAT303-A
Sill, Michael R.
09/05/2017 MWF 9:30 AM - 10:30 AM Building 36 36B

MAT343 Multivariable Calculus

Study and applications of vector analysis, partial differentiation, multiple integration, Jacobians, theorems of Green and Stokes, and divergence theorem. Prerequisite: MAT 255. (4 units; Fall/Spring)

MAT343-A
Pankowski, Franciszek
09/05/2017 MWF 7:00 AM - 7:45 AM BUS 103
MAT343-C
Sill, Michael R.
09/05/2017 T 10:45 AM - 11:45 AM Building 36 36B
MAT343-B
Pankowski, Franciszek
09/05/2017 MWF 7:45 AM - 8:30 AM BUS 103
MAT343-A
Pankowski, Franciszek
01/10/2018 MWF 7:45 AM - 8:30 AM BUS 252

MAT353 Probability & Statistics

A calculus based course covering discrete and continuous distributions, expectations, the normal distribution, the central limit theorem, the binomial distribution, and various topics in statistical theory such as point estimation, hypothesis testing, and linear regression. Prerequisite: MAT 245. (3 units; Fall)

MAT353-A
Nielsen Hernandez, Michelle
09/05/2017 MWF 8:15 AM - 9:15 AM BUS 103

STA310 Mathematical Statistics I

The first semester of a two-semester course providing a systematic development of the theories of probability and statistics. Students learn and use fundamental concepts of probability models, random variables and their distributions, reduction of data, estimation, testing of hypotheses, univariate normal inference, and statistical decision theory. The first semester is required for BA and BS statistics majors of all concentrations. Prerequisite: MAT 353. (3 units; Fall even years)

STA311 Mathematical Statistics II

Second semester course in a systematic development of the theories of probability and statistics. Topics include analysis of categorical data, multivariate distributions, nonparametric inference, linear models and analysis of variance. As time permits, the theory underlying Markov chain, Monte Carlo, quasi-likelihood, empirical likelihood, statistical functionals, generalized estimating equations, the jackknife, and the bootstrap are addressed. Prerequisites: MAT 303, 343, and STA 310. (3 units; Spring odd years)

STA320 Financial Mathematics I

An introduction to the fundamental concepts of financial mathematics including basic interest theory. These concepts will be applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flow. Prerequisite: MAT245 and STA144 (3 units; Fall Even)

STA321 Financial Mathematics II

A continuation of the fundamental concepts of financial mathematics including the basics of financial economics and an introduction to financial instruments, including derivatives, and the concept of no-arbitrage as it relates to financial mathematics. Prerequisite: STA320 (3 Units; Spring Odd)

STA470 Seminar in Financial Mathematics

An overview of topics from financial mathematics including interest theory and financial economics. May be repeated one time for credit. Prerequisite: STA 321. (2 Units; Fall)

STA470-A
Nielsen Hernandez, Michelle
09/05/2017 MW 1:15 PM - 2:15 PM Yeager Center B220

STA480 Seminar in Probability & Statics

An overview of topics from probability and statistics including general probability, univariate distributions, and multivariate distributions, as well as, calculus and basic concepts of insurance and risk management. Prerequisite: MAT 343 and 353. (2 Units; Spring)

STA480-A
Nielsen Hernandez, Michelle
01/10/2018 MF 10:45 AM - 11:45 AM Yeager Center B251