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Actuarial Sciences

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Degree Requirements and Curriculum

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​The requirements for the BS in Actuarial​ Sciences are listed in the UD Catalog​ and here is asample curriculum for students starting in MATH 241 or starting in MATH 242.

Program Description

​The Department of Mathematical Sciences offers a program in Actuarial Science leading to the Bachelor of Science degree. The major, with courses taught by faculty in the Departments of Economics, Finance, and Mathematical Sciences (among others), provides a strong background in actuarial science, including the satisfaction of all three actuarial science VEE requirements. Students graduating with this degree will be well prepared for the first two actuarial examinations, the foundation of an actuarial career.

Further Information

A wealth of information about actuarial careers can be found at the site beanactuary.org, which is jointly sponsored by the two main actuarial societies: the Society of Actuaries (SOA), which handles life insurance, pensions, and health care, and the Casualty Actuarial Society (CAS), which handles fire, homeowners, and automobile insurance, etc.  These societies independently maintain and administer exams for professionals following the actuarial career track.  The first two exams cover the same material; each society just has a different name for them. The University's Major Resource Kit for the Actuarial Sciences degree can be found here.

Exam 1/Exam P

Any math major at University of Delaware should have no trouble passing the probability exam (called Exam P by the SOA or Exam 1 by the CAS) after taking MATH243MATH349, and either MATH350 or STAT470MATH450 or STAT471 are also recommended, as is doing some limited additional reading on actuarial terminology, which may be downloaded from the SOA Web site  .

Exam 2/Exam FM

The financial mathematics exam (called Exam FM by the SOA or Exam 2 by the CAS) should be taken after completion of the Economics and Accounting/Finance Clusters, together with some reading on the theory of interest on their own.

Some study materials for the professional exams are available free once you have registered for the exams; see the appropriate society Web page for details.

VEE Requirements

In addition to passing exams, associates must complete course work meeting the Validation by Educational Experience(VEE) requirements in three topic areas, Economics, Applied Statistics and Corporate Finance. To meet this requirement, a student must earn a grade of B- or higher.  ECON301 and ECON303 satisfy the VEE requirement in the area of Economics. ECON422 and ECON423 satisfy the VEE requirement for Applied Statistics. FINC311 and FINC312 will satisfy the requirement for Corporate Finance.

Dr. Edwards has experience in taking some of the exams. Please contact him if you are interested in the actuarial profession and have more questions.

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Actuarial Sciences
  • Department of Mathematical Sciences
  • University of Delaware
  • 501 Ewing Hall
  • Newark, DE 19716, USA
  • Phone: 302-831-2653
  • math-questions@udel.edu