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  4. Actuarial Science Minor

Minor Requirements

Five courses are required in total to complete the minor. This includes two foundational required courses and three electives. 

Required courses for Actuarial Science minor: 

Choose one from the following: 

(1) Choose one of the following:

BTRY/STSCI 3080: Probability (4 credits) 
MATH 4710: Basic Probability (4 credits) 
ECON 3110: Probability Models and Inference for the Social Sciences (4 credits) 
ECON 3130: Statistics and Probability (4 credits) 
ORIE 3500: Engineering Probability and Statistics II (4 credits) 

(2)

STSCI 3090: Theory of Interest (4 credits) 

(3-5)

Elective courses for Actuarial Science minor: Students in the Actuarial science minor must take at least three electives from the following list: 

STSCI 3040: R Programming for Data Science (4 credits) 
BTRY/STSCI  4090: Theory of Statistics or MATH 4720: Statistics (4 credits) 
STSCI 4270: Introduction to Survival Analysis (4 credits) 
STSCI 4550: Applied Time Series Analysis (4 credits)
STSCI 4600: Statistics for Risk Modeling (3 credits) 
ORIE 4741: Learning with Big Messy Data (4 credits)
STSCI 4740: Data Mining and Machine Learning (4 credits)
STSCI 4750: Understanding Machine Learning (4 credits)
CS 4780: Machine Learning (4 credits)
CS 4786: Machine Learning for Data Science (4 credits)
ORIE 4630: Operations Research Tools for Financial Engineering (4 credits)
AEM 4210: Futures, Options and Financial Derivatives (3 credits)
          or Econ 4240: Financial Economics, Derivatives, and Risk Management (4 credits)
          or HADM 3230: Introduction to Investments (3 credits) 

Biometry and Statistics or Statistical Science majors intending to minor in Actuarial Science are required to follow these guidelines: 

Students graduating in or before August 2025 cannot overlap their three minor electives with major requirements. Probability courses and STSCI 3090 can be double counted. 
Students graduating in or after December 2025 cannot overlap their three minor electives and STSCI 3090 with major requirements. Probability courses can be double counted. 

For example, Sally is a BTRY major who intends to add the Actuarial Science minor. She is graduating in May 2025. She is using BTRY 3080 for her Probability major requirement and STSCI 3090 as one of her Statistical Methods electives. She can double count these courses for the minor. However, her three electives for the minor cannot count towards her BTRY Statistical Methods or external electives. 

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