Undergraduate Program: Major in Actuarial Science

General

Program Description

Actuarial Science Major

Why pursue a degree in actuarial science? A career in this field is hard to beat and highly desirable.

Actuaries are business professionals who analyze the financial consequences of risk. Organizations, such as CNN Money, consistently rate being an actuary as one of the best jobs in America, based upon categories such as work environment, employment outlook, job security, growth opportunity, and salary—especially salary.

Becoming an Actuary

To become an actuary, an individual must pass a series of examinations to earn the actuarial designation. A degree in actuarial science prepares students for the first two exams, which when passed, starts the student on the path to becoming an actuary.

Career Options

By earning a Bachelor of Arts in Actuarial Science, graduates are prepared for professional careers in the insurance, consulting, and banking industries.

High School Preparation

High school coursework that will support a student in his or her pursuit of an actuarial science degree includes experience in Calculus, Statistics, and Economics.

Enhance Your Experience

Students who major in actuarial science oftentimes pursue a double major or minor in international business, finance, or accounting.

Degree Requirements

Actuarial Science Major, B.A.

A. All of the following:

Note: Students take either M148 Calculus I with Precalculus and M149 Calculus I with Precalculus, or M151 Calculus I.

  • AC222 Accounting Concepts (3 credits)
  • EC261 Principles of Microeconomics (3 credits)
  • EC262 Principles of Macroeconomics (3 credits)
  • FN341 Corporate Finance (3 credits)
  • FN368 Investments (3 credits)
  • FN402 Financial Markets and Institutions (3 credits)
  • M148 Calculus I with Precalculus (part 1) (4 credits)
  • M149 Calculus I with Precalculus (part 2) (4 credits)
  • M151 Calculus I (4 credits)
  • M152 Calculus II (4 credits)
  • M251 Calculus III (4 credits)
  • M252 Linear Algebra (4 credits)
  • M332 Probability (2 credits)
  • M490 Actuarial Science Capstone (2 credits)
  • ST232 Introduction to Statistics (2 credits)
  • ST431 Mathematical Statistics (3 credits)

B. One of the following:

  • BU243 Business Computer Applications (3 credits)
  • CS106 Introduction to Programming for Sciences (3 credits)

C. Two of the following:

  • BU312 Business Law I (3 credits)
  • FN404 Portfolio Management (3 credits)
  • FN408 Financial Planning (3 credits)
  • M361 Operations Research (3 credits)
  • ST371 Applied Regression Analysis (3 credits)

Tuition, Room, Board, and Fees

Saint Mary’s University of Minnesota is committed to making college accessible and affordable.

We strive to keep tuition and fees as low as possible while delivering an excellent private education. Approximately 99 percent of all undergraduates receive some form of financial aid.

2019-20 Tuition & Fees

  • Tuition*: $36,050
  • Room**: $5,230
  • Board: $4,120
  • Activity fee: $170
  • Technology fee: $370
  • Laundry fee: $80

* Additional tuition for 3+2 PA Program $3,550

** Additional fee for the following residences:

  • Village Apts., Gilmore Creek Hall $200
  • Bishops Hall, Brother William Hall, Hillside Hall, La Salle Hall, and Brother Leopold Hall Doubles $400
  • Brother Leopold Hall Singles and All Apts. $600

Additional Fees (if applicable)

  • Per credit instruction $1,200
  • Per credit audit $600
  • Foreign study fee:
    • London $1,420
    • All others $650
  • Commencement fee $190 (2019-2020 graduates)
  • Late registration (per class) $50 (after add/drop period)
  • N.S.F./Returned check or A.C.H. $20

Deposit

New students who have been admitted are asked to confirm their attendance by sending a $300 non-refundable deposit to the university. Returning students must pay a $250 housing deposit prior to housing registration. This deposit is credited to the student's account.

Fall 2019 Application Timelines

Rolling Admission

If you've missed the January 15th deadline, don't worry! You can still apply, thanks to our rolling admission policy. There are lots of scholarships and financial awards available for first-time freshmen at Saint Mary's University of Minnesota.

Students who submit and complete their admission file after January 16, will be reviewed and receive an admission decision 1-2 weeks after submitting their admission file.

Early Action I

  • Application and Materials Deadline: October 15
  • Decisions Announced: November 1
  • Financial Aid Awards Mailed: December 15
  • Deposit Deadline: May 1

Early Action II

  • Application and Materials Deadline: November 15
  • Decisions Announced: December 1
  • Financial Aid Awards Mailed: December 15
  • Deposit Deadline: May 1

Regular Decision I

  • Application and Materials Deadline: December 15
  • Decisions Announced: January 1
  • Financial Aid Awards Mailed: January 15
  • Deposit Deadline: May 1

Regular Decision II

  • Application and Materials Deadline: January 15
  • Decisions Announced: February 1
  • Financial Aid Awards Mailed: February 15
  • Deposit Deadline: May 1

Last updated Sep 2020

About the School

Saint Mary’s University of Minnesota is a private, nonprofit university. Our students’ success is the core of our concern. Students choose Saint Mary’s for any number of reasons, among them: our welco ... Read More

Saint Mary’s University of Minnesota is a private, nonprofit university. Our students’ success is the core of our concern. Students choose Saint Mary’s for any number of reasons, among them: our welcoming community; our commitment to walking alongside each student, every step of the way; our intentional focus on practical, hands-on learning experiences; and our dedication to helping students form connections that will guide them in their post-graduate lives. Read less