Actuarial Science at Baruch
Actuarial Science Major class requirements and the corresponding classes to actuarial exams and VEE credits.
Prerequisites
Option 1:
Calculus AP Exam (BC) with a score of 4 or 5 (transfers to Baruch as MTH 3010 Calculus II)
And one of the following
MTH 3020 Intermediate Calculus
or MTH 3050 Multi-Variable and Vector Calculus*
​
Option 2:
Calculus AP Exam (AB) with a score of 4 or 5 (transfers to Baruch as MTH 2610 Calculus I)
And
MTH 3010 Calculus I
And one of the following
MTH 3020 Intermediate Calculus
or MTH 3050 Multi-Variable and Vector Calculus*
​
Option 3:
MTH 2610 Calculus I
And
MTH 3010 Calculus II
And one of the following
MTH 3020 Intermediate Calculus
or MTH 3050 Multi-Variable and Vector Calculus *
​
Option 4:
MTH 2205 or MTH 2206 Applied Calculus or MTH 2207 Applied Calculus and Matrix Applications
And the following two courses:
MTH 3006 Integral Calculus
MTH 3030 Analytic Geometry and Calculus II
​
Option 5:
MTH 2205 or MTH 2206 Applied Calculus or MTH 2207 Applied Calculus and Matrix Applications
And
MTH 3006 Integral Calculus
And
MTH 3007 Infinite Series
And one of the following
MTH 3020 Intermediate Calculus
or MTH 3050 Multi-Variable and Vector Calculus*
​
Option 6:
MTH 2630 Analytic Geometry and Calculus I
And
MTH 3030 Analytic Geometry and Calculus II
​
* MTH 3050 is not open to students who completed MTH 3020, MTH 3030, MTH 3035, or their equivalent.
Required Business Classes
ACC 2101 - Principles of Accounting
ECO 1001 - Micro-Economics
ECO 1002 - Macro-Economics
FIN 3000 - Principles of Finance
FIN 3610 - Corporate Finance
​
* Note: Students who have completed MTH 4120 or both MTH 3120 and MTH 4119 may waive the following FIN 3000 prerequisites: BUS 1000/1011; CIS 2200; and STA 2000. Please consult the Weissman Office of the Associate Dean (WSAS.AssocDean@baruch.cuny.edu; 646-312-3890; NVC 8-265) to request registration permission
Major Requirements
MTH 3300 Algorithms, Computers, and Programming I
MTH 4120 Introduction to Probability
MTH 4410 Theory of Interest
​
Students also must complete three of the following five courses:
​
MTH 4420 - Actuarial Mathematics (Fall semester only*)
MTH 4421 - Actuarial Mathematics II (Need MTH 4420 as a prerequisite) (Spring semester only*)
MTH 4451 - Short-Term Insurance Mathematics (Spring semester only*)
MTH 4452 - Short-Term Insurance Mathematics II (Need MTH 4451 as a prerequisite) (Fall semester only*)
MTH 4430 - Mathematics of Inferential Statistics
​
Note: Students who have completed MTH 3120 cannot enroll in MTH 4120. They must satisfy the probability requirement by registering for MTH 4119 as an independent study (please consult the Department of Mathematics)
*Updated as of Spring 2024
Major Electives
Choose at least one
MTH 4115 - Numerical Methods for Differential Equations in Finance
MTH 4125 - Introduction to Stochastic Processes
MTH 4130 - Mathematics of Statistics
MTH 4135 - Computational Methods in Probability
MTH 4420 - Actuarial Mathematics I (Exam FAM)
MTH 4421 - Actuarial Mathematics II (Exam FAM)
MTH 4430 - Mathematics of Inferential Statistics (VEE Credit)
MTH 4451 - Short Term Insurance Mathematics I (ASTAM)
MTH 4452 - Short Term Insurance Mathematics II (ASTAM)
MTH 4500 - Introductory Financial Mathematics
MTH 4600 - Data Analysis and Simulation for Financial Engineers
MTH 5500 - Stochastic Calculus for Finance
SOA/CAS VEE Credits & Corresponding Classes
Economics (both Micro and Macro are needed to fulfill the Economics VEE Requirement)
-
Micro-Economics
AP Micro-Economics with a score of 4 of 5
or
ECO 1001 - Micro-Economics
or
ECO 3100 - Intermediate Micro-Economics​
-
Macro-Economics​
AP Macro-Economics with a score of 4 of 5
or
ECO 1002 - Macro-Economics
or
ECO 3200 - Intermediate Macro-Economics
or
ECO 4200 - Advanced Macro-Economics
​
Finance and Accounting
FIN 3000 - Principles of Finance
FIN 3610 - Corporate Finance
ACC 2101 - Principles of Accounting
​
Mathematical Statistics
MTH 4430 - Mathematics of Inferential Statistics (Required only for SOA)
​
For more details about Baruch College's VEE requirement, please visit:
The Course Listing website
​
Exams & Corresponding Classes
P/1 (Probability) = MTH 4120 (Required Exam for both SOA and CAS)
FM/2 (Financial Mathematics) = MTH 4410 (Required Exam for both SOA and CAS)
FAM(Fundamental of Actuarial Mathematics)= MTH 4420 & 4421 (SOA Exam)
ASTAM (Advanced Short Term Actuarial Mathematics) = MTH 4451 & MTH 4452 (SOA Exam)
ALTAM (Advanced Long Term Actuarial Mathematics) = MTH 4420 & 4421 & MTH 4451 & MTH 4452 (SOA Exam)
PA (Predictive Analytics) = no courses offered (SOA Exam)
SRM (Statistics for Risk Modeling) = MTH 4430 (SOA Exam)
MAS I (Modern Actuarial Statistics I) = no courses offered (CAS Exam)
MAS II (Modern Actuarial Statistics II) = no courses offered (CAS Exam)
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Note: Baruch College is a mainly SOA-track focused school