This is the preliminary (or launch) version of the 2024-2025 VCU Bulletin. Courses that expose students to cutting-edge content and transformative learning may be added and notification of additional program approvals may be received prior to finalization. General education program content is also subject to change. The final edition and full PDF version will include these updates and will be available in August prior to the beginning of the fall semester.
The minor in actuarial science prepares students for the two actuarial exams and part of the college courses required for a designation of Associate of the Society of Actuaries, Casualty Actuarial Society or Canadian Institute of Actuaries. Specifically the minor provides students with intense background in principles of actuarial models and opens a broad path to an actuarial professional world.
The minor in actuarial science is for non-actuarial science majors and requires a minimum of 18 credits. Required courses account for six credits and four electives complete the minor as outlined below. Students must attain a minimum cumulative GPA of 2.5 in these courses.
Students should earn a minimum grade of C in either MATH 200 or BUSN 212, as that is a prerequisite for the required actuarial science courses.
| Course | Title | Hours |
|---|---|---|
| Required courses | ||
| FIRE 319 | Financial Mathematics | 3 |
| FIRE 320 | Actuarial Probability Concepts | 3 |
| Electives | ||
| Select four. | 12 | |
| Introduction to Accounting I | ||
| Introduction to Accounting II | ||
| Risk Management and Insurance | ||
| Principles of Microeconomics | ||
| Principles of Macroeconomics | ||
| Financial Management | ||
| Financial Modeling | ||
| Intermediate Financial Management | ||
| Options, Futures and Swaps | ||
| Calculus with Analytic Geometry II | ||
MATH courses (300+ level) | ||
| Introduction to Statistical Inference | ||
STAT courses (200+ level) | ||
| Total Hours | 18 | |