Oct 01, 2022
The Bachelor of Science in Actuarial Science and Economics (ASEC) degree prepares students for one of the top-rated careers nationwide.
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 pass two or three of the professional exams sponsored by the actuarial societies before they graduate.
Students who earn an actuarial science degree and pass professional-society exams have excellent opportunities for careers in the insurance industry and careers in the related fields of finance and consulting. Some actuarial science majors also choose to go to graduate school for advanced studies in mathematics, economics, and financial engineering.
This is a designated STEM program (see OPT Extension).
Major Requirements: 66 hours
At least 15 credit hours in the program at the 300 level or above must be taken at Eastern Michigan University.
Core Requirements: 57 hours
Restricted Electives: 9 hours
To satisfy this requirement, complete nine credit hours from the following. Select a minimum of three credit hours from Group I and the remaining six credit hours from either group.
This major does not require a minor.
Students must earn a minimum total of 120 credits at the 100-level or above.
Critical Graduation Information
Each undergraduate student will be responsible for fulfilling the requirements (or their equivalents) of the Eastern Michigan University catalog in force at the time of their initial registration at a college or university or a subsequent catalog, including the one in effect at the time of their graduation.
In the event an undergraduate student does not complete the degree requirements within seven years of the date of their original registration at a college or university, the student may be required to have their credits re-evaluated by the academic department(s) of their major/minor in keeping with catalog requirements in force during the year of their graduation.
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 this catalog for the requirements of their particular programs.
- Earn a minimum total of 120 credit hours at the 100-level and above.
- Courses numbered below 100 are not counted toward this degree requirement.
- At most, eight credit hours of physical education (PEGN) activity courses are counted toward this requirement.
- Meet the requirements of the General Education program (see information below), including completing a Writing Intensive (GEWI) course in the student’s 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. A double major automatically satisfies the need for a minor unless one of the two majors requires a specific minor. Students should check the 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 over the 60 maximum will not be counted toward the minimum of 120 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; individual departments/schools conduct the internal review of such courses within EMU, and additional documentation may be required. Please note: EMU awards only credit for transferred courses; grades are not used to calculate an EMU GPA.
- Earn a minimum cumulative GPA of 2.0 in courses taken at EMU to graduate. In addition, a minimum cumulative GPA of 2.0 must be reached in each major and minor. Only courses a student takes at EMU and those applied to their major or minor are used to calculate 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 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.