Actuarial Science, BS
Please note that this concentration may only be declared by students who entered Penn on or before fall 2019. Questions should be directed to the Statistics Department.
Actuarial science stands at the intersection of risk and money. Actuaries are experts in evaluating the likelihood and financial consequences of future events, designing creative ways to reduce the cost of undesirable events, and decreasing the impact of tragic events that do occur. They are in great demand by insurance companies, consulting firms, and financial institutions.
This concentration provides an intriguing blend of mathematics and business management for students with a strong mathematics aptitude. Ideally, students graduating from Wharton with an actuarial science concentration will be prepared to pass or will have passed many of the professional examinations given by the Society of Actuaries or the Casualty Actuarial Society.
Actuarial Science Concentration
|BEPP/STAT 451||Fundamentals of Actuarial Science I||1|
|BEPP/STAT 452||Fundamentals of Actuarial Science II||1|
|BEPP/STAT 453||Actuarial Statistics||1|
|Complete one course unit of ASCI electives 1||1|
|Business Insurance and Estate Planning.|
|Statistical Computing with R|
|Predictive Analytics for Business|
|Forecasting Methods for Management|
|Data Analytics and Statistical Computing|
|Modern Data Mining|
|Other Wharton Requirements||33|
|Total Course Units||37|
Students should take MATH 104 Calculus, Part I and MATH 114 Calculus, Part II before starting the ASCI concentration. STAT 430 Probability/STAT 431 Statistical Inference recommended in lieu of STAT 101 Introductory Business Statistics/STAT 102 Introductory Business Statistics.
Other Wharton Requirements
|ECON 010||Introduction to Economics for Business 1||1|
|MATH 104||Calculus, Part I||1|
|or MATH 110||Calculus for Wharton Students|
|Critical Writing Seminar||1|
|Business Breadth (non-concentration courses)||3|
|WH 101||Business and You||0.5|
|WH 201||Business Communication for Impact||0.5|
|WH 301||Teamwork and Interpersonal Influence||0.5|
|ACCT 101||Accounting and Financial Reporting||1|
|ACCT 102||Strategic Cost Analysis||1|
|BEPP 250||Managerial Economics||1|
|FNCE 100||Corporate Finance||1|
|FNCE 101||Monetary Economics and the Global Economy||1|
|LGST 100||Ethics and Social Responsibility||1|
|or LGST 101||Law and Social Values|
|MGMT 101||Introduction To Management||1|
|MKTG 101||Introduction to Marketing||1|
|OIDD 101||An Introduction to Operations, Information and Decisions||1|
|STAT 101||Introductory Business Statistics||1|
|STAT 102||Introductory Business Statistics||1|
|Global Economy, Business & Society|
|One course unit required||1|
|Technology, Innovation & Analytics|
|One course unit required||1|
|Liberal Arts & Sciences|
|Second semester-level foreign language|
|General Education Distribution|
|Select 6 courses with at least 1 course unit in each of the following categories:||6|
Natural Science, Math & Engineering
|Select 3 courses 2||3|
|Select five courses||5|
|Total Course Units||33|
For students who take ECON 001 Introduction to Micro Economics and ECON 002 Introductory Economics: Macro in place of ECON 010 Introduction to Economics for Business of these courses can be slotted for ECON 010 on the worksheet. The second course may be used to fulfill a General Education Distribution or Unrestricted Elective requirement.
Two can double-count as General Education Distribution courses.
The degree and major requirements displayed are intended as a guide for students entering in the Fall of 2020 and later. Students should consult with their academic program regarding final certifications and requirements for graduation.