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    Eastern Michigan University
   
 
  Nov 18, 2017
 
 
    
2017-2018 Undergraduate Catalog

Actuarial Science and Economics | BS


The Bachelor of Science in Actuarial Science and Economics (ASEC) degree prepares students for one of the top-rated careers nationwide.

Learn

Actuarial science students take an intensive curriculum in mathematics, statistics, finance, and economics. The program provides courses in all of the areas of study recommended by the leading actuarial societies to prepare for an actuarial career. Students should be able to pass two or three of the professional exams sponsored by the actuarial societies before they graduate. 

Opportunities

Students who earn an actuarial science degree and pass professional-society exams have excellent opportunities for careers in the insurance industry, as well as for careers in the related fields of finance and consulting. Some actuarial science majors also choose to go to graduate school for advanced studies in areas such as mathematics, economics, and financial engineering. 

Department Information


Mathematics & Statistics, College of Arts & Sciences

Debra Ingram, Ph.D. | Department Head | 515 Pray-Harrold | 734.487.1444 | dingra12@emich.edu

Advisor Information


John Curran, Ph.D. | Professor​ | 515 Pray-Harrold | 734.487.1444 | jcurran3@emich.edu

General Education Requirements:


For specific General Education requirements, click here  or print a General Education Worksheet  

Major Requirements: 61 hours


 At least 15 credit hours in the program at the 300 level or above must be taken at Eastern Michigan University.

Restricted Elective Courses: 3 hours


  • Choose three hours from the following

  • A MATH course (300-Level or above) 3 hrs
  • ECON 340 - Money and Banking 3 hrs
  • Any of the Writing Intensive courses listed above, not already taken 3 hrs

Minor Requirement:


This major does not require a minor.

Program Total:


Students must earn a minimum total of 124 credits at the 100-level or above.

Critical Graduation Information


The following are minimum requirements for all bachelor’s degrees awarded by Eastern Michigan University. Some majors and minors require more than the minimum in one or more of the areas below; students are urged to consult the on-line catalog for the requirements of their particular programs.

  • Earn a minimum total of 124 credits at the 100-level and above. Courses with numbers below 100 will not be counted toward this degree requirement. At most 8 credit hours of physical education (PEGN) activity courses will be counted toward this requirement.
  • Meet the requirements of the General Education program (see information below).
  • Complete a Writing Intensive (GEWI) Course in your major.
  • Earn a minimum of 60 credits from a four-year college or university; courses taken at community colleges cannot be used to meet this requirement. (Some formal program-to-program articulation agreements modify this requirement. See specific agreements for details.)
  • Earn a minimum of 30 credits from courses taken at EMU.
  • Complete 10 of the last 30 hours for the degree from courses taken at EMU.
  • Have a minimum of 30 unique credit hours in their major and 20 unique credit hours in their minor for a total of at least 50 unique credit hours between them. Some majors that require 50 or more hours themselves do not require a minor; students should check requirements of the selected major in the undergraduate catalog to see if a minor is required.
  • Earn no more than 60 credit hours in one subject area (prefix). Credits in excess of the 60 maximum will not be counted toward the minimum of 124 credits required for a bachelor’s degree.
  • Earn the minimum number of credits in 300-level and above courses in each major and minor as specified below - these credits must be earned in distinct courses; that is, no course can be used to fulfill this requirement in more than one major or minor.
    • Earn a minimum of 6 credits in 300-level or higher courses at EMU in each minor
    • Earn a minimum of 9 credits in 300-level or higher courses at EMU in each major that requires a minor.
    • Earn a minimum of 15 credits in 300-level or higher courses at EMU in each major that does not require a minor
  • Transfer credit will be awarded for courses taken at colleges and universities that are accredited by one of the recognized regional accrediting bodies only if the courses are college-level (equated to 100-level or above at EMU) and the student earned a “C” (or 2.0 on a 4 point scale) or better. Transfer credit may be awarded on a case-by-case basis for college-level courses in which a “C” (2.0) or better was earned at institutions outside the U.S. or at non-accredited U.S. institutions; the internal review of such courses is conducted by individual departments/schools within EMU, and additional documentation may be required. Please note: EMU awards only credits for transferred courses; grades are not used in the calculation of an EMU GPA.
  • Earn a minimum cumulative GPA of 2.0 in courses taken at EMU in order to graduate. In addition, a minimum cumulative GPA of 2.0 must be reached in each major and minor. Only courses taken at EMU and those applied to a student’s major or minor will be used in the calculation of their major and minor cumulative GPAs. (Note: some programs may require a higher GPA - check with your program advisor.)

General Education Requirements EMU’s General Education Program requires students to choose from a menu of approved courses in several different areas; do not assume that other courses in the same department or with similar names will fulfill these requirements. A detailed description of General Education requirements is available in the General Education  section of the catalog.

Students who transferred to EMU may have modified general education requirements based on Michigan Transfer Agreement (MTA) or articulation agreements; consult your academic advisor for additional information.