University of Maine at Farmington 2013-2014 Catalog
 
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Catalog Program Academic Policies
Interdisciplinary Studies - Actuarial Science
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Degree Earned
Bachelor of Arts: Interdisciplinary Studies - Actuarial Science

Interdisciplinary Studies recognizes that academic disciplines do not exist in a vacuum, that to fully understand a subject one must move beyond the silos of the individual disciplines and integrate the knowledge, skills, and dispositions that are to be found in related, complementary academic subjects. Thus the student will study at least two different subjects in the Interdisciplinary program, looking for connections between them.

About the Concentration:

Actuaries specialize in the evaluation of insurance and financial risks. They hold positions of responsibility with insurance companies, consulting firms, investment banks, self-insurers, government regulators, and government insurance programs. The industry requires an interdisciplinary skill set, including skills in Mathematics, Computer Science, Business, and Economics.  
The Actuarial Science concentration is specifically designed to prepare students for a career as an actuary. Moreover, together with the UMF’s liberal arts education, students completing this concentration have a broad foundation that will prepare them for many different business-oriented careers. Students completing the Actuarial Science concentration will have a good foundation in the material for the actuarial industry’s first two exams and will have completed two and a half of the industry’s three required Validation by Educational Experience (VEE) requirements. Our program remains current by seeking ongoing advice from an Advisory Board. The Advisory Board consists of at least five active actuaries throughout Maine. It consists of both Life and Health actuaries as well as Property and Casualty actuaries. Among other topics, the Advisory Board is asked for advice regarding curriculum, desired technological skills, and internships.

Math Courses (32 hours)

MAT 141M Calculus I 4
MAT 142 Calculus II 4
MAT 220M Data Analysis 4
MAT 241 Calculus III 4
MAT 251 Linear Algebra 4
MAT 325 Interest Theory 4
MAT 367 Intermediate Statistics 4
MAT 371 Mathematical Probability                         4

Economics Courses (12 hours)

ECO 110S Principles of Economics 4
ECO 308 Intermediate Microeconomic Theory 4
ECO 309 Intermediate Macroeconomics 4

Business Courses (16 hours)

BUS 208 Accounting Principles 4
BUS 210 Principles of Management           4
BUS 340 Managerial Finance 4
BUS 345 Investment Management 4

Technology Courses (8 hours)

COS 140   Introduction to Computer Science 4
BUS 250 Business Applications of Technology 4

Total Credits for the Major:  68

 

FOREIGN LANGUAGE REQUIREMENT
One year of one foreign language at the college level or two years of one foreign language at the high school level.

GENERAL EDUCATION REQUIREMENTS
For specific information about general education requirements and expectations, see the General Education Requirements in the Academic Programs section of this catalog.

MINIMUM TOTAL OF CREDITS FOR THE DEGREE: 128

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