advising - Actuarial Science Program DEPARTMENT OF...

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1 Actuarial Science Program DEPARTMENT OF MATHEMATICS UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN Advising Notes for Actuarial Science Majors – Academic Year 2010-2011 Prepared by: Rick Gorvett, FCAS, ASA, CERA, MAAA, ARM, FRM, Ph.D. Director, Actuarial Science Program State Farm Companies Foundation Scholar in Actuarial Science Office: 374 Altgeld Hall E-mail: gorvett@illinois.edu This document is designed to help actuarial science (act sci) majors at the University of Illinois at Urbana-Champaign plan their collegiate programs. It will be of particular use to incoming freshmen and sophomores, but students further along in the program may also benefit from reading this material. There will no doubt be student-specific questions and issues which this document does not answer; if so, please feel free to e-mail me at gorvett@illinois.edu , and I will do my best to respond promptly (and perhaps even accurately!). The material below is in five sections: 1) A sample four-year class schedule for an actuarial science major; 2) A listing of courses particularly relevant for the actuarial science (often abbreviated “act sci”) major, including key prerequisites, and recent frequency of course offerings (i.e., whether offered both the Fall and Spring semesters, or just one or the other); 3) Courses required for the actuarial science major; 4) The relationship between U of I courses and the professional actuarial exams ; and 5) Key principles for incoming freshmen . It is my fervent wish to meet and get to know each of you throughout your stay in our program. I and the other actuarial science faculty and staff will do our best to help you prepare for what can be a wonderful and satisfying career. Section 1: Sample Four-Year Schedule of Key Courses The table below provides a sample, typical four-year plan for the key courses associated with an undergraduate actuarial science degree at the University of Illinois. I have not included electives and general education requirements – selections of those courses are largely personal, and are generally spread across the program in a manner consistent with the individual student’s interests, desired course load each semester, etc. In this table, I have focused on the key act sci and related courses. Specific required math, act sci, and finance courses are included, along with a few others (e.g., see discussion of Economics in part (2) of Section (5) below).
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2 This table is not rigorous – this is just an example, and there is some flexibility in the timing of courses. For example, assuming prerequisites are met, there is no problem with a student reversing the orders of the Math 470-level courses in the junior and senior year. Also, many students enter UIUC with credit for one or more calculus courses, which would naturally alter the table below, and accelerate the taking of certain math courses. But I would definitely suggest that, as a general rule, an incoming student attempt to take at least the courses listed in the
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advising - Actuarial Science Program DEPARTMENT OF...

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