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 451Fundamentals of Actuarial Science I1
BEPP/STAT 452Fundamentals of Actuarial Science II1
BEPP/STAT 453Actuarial Statistics1
Complete one course unit of ASCI electives 11
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 Requirements33
Total Course Units37

Other Wharton Requirements

First-Year Foundations
ECON 010Introduction to Economics for Business 11
MATH 104Calculus, Part I1
or MATH 110 Calculus for Wharton Students
Critical Writing Seminar1
Business Breadth (non-concentration courses)3
Leadership Journey
WH 101Business and You0.5
WH 201Business Communication for Impact0.5
WH 301Teamwork and Interpersonal Influence0.5
Capstone Course/Project0.5
ACCT 101Accounting and Financial Reporting1
ACCT 102Strategic Cost Analysis1
BEPP 250Managerial Economics1
FNCE 100Corporate Finance1
FNCE 101Monetary Economics and the Global Economy1
LGST 100Ethics and Social Responsibility1
or LGST 101 Law and Social Values
MGMT 101Introduction To Management1
MKTG 101Introduction to Marketing1
OIDD 101An Introduction to Operations, Information and Decisions1
STAT 101Introductory Business Statistics1
STAT 102Introductory Business Statistics1
Global Economy, Business & Society
One course unit required1
Technology, Innovation & Analytics
One course unit required1
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
Social Science
Cross-Cultural Perspectives
Select 3 courses 23
Unrestricted Electives
Select five courses5
Total Course Units33

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.