Actuarial Science Minor

WHO CAN EARN THE MINOR?
The minor in Actuarial Science is open to all students in all majors. It is most commonly selected by those that have completed Calculus I and II.  And for Engineering, Economics, Accounting, Finance, Business Administration, Biology, and Computer Science students, the minor helps to apply financial theory, decision-making,  risk management and insurance concepts to the discipline, helping to fully tailor skills for the future career. The minor in actuarial science consists of eighteen (18) credits, nine (9) of which may come from existing electives.

WHAT ARE THE BENEFITS OF COMPLETING THE MINOR?
The Actuarial Science minor will give students the opportunity to explore the actuarial science field and the flexibility to apply these risk assessment and management concepts within their discipline. Additionally, the courses within the minor will help students understand many of the concepts covered in the first two actuarial exams (P/1 and FM/2).  Successful completion of at least one exam by graduation greatly increases your career outlook, nearly assuring entry into a well-paying job. Additionally, the other courses in the minor meet the Validation by Educational Experience (VEE) requirements for Applied Statistical Methods, Corporate Finance and Economics. Taking these courses while at Morgan State University means that students will not have to take them somewhere else after they graduate.

REQUIREMENTS FOR MINOR IN ACTUARIAL SCIENCE

Prerequisite/elective substitutions may be permitted (please see Director of Actuarial Science Program).  Students choosing a minor in Actuarial Science may use  MATH 201 to satisfy the prerequisite for MATH346.

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