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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

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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 

MTH 4421 - Actuarial Mathematics II 

MTH 4451 - Short-Term Insurance Mathematics

MTH 4452 - Short-Term Insurance Mathematics II

MTH 4500 - Mathematical Finance

​

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)

Major Electives

Choose at least one

 

MTH 4115 - Numerical Methods for Differential Equations in Finance

MTH 4125 - Stochastic Processes

MTH 4130 - Mathematics of Statistics 

MTH 4135 - Computational Methods in Probability

MTH 4420 - Actuarial Mathematics I (Exam FAM-L)

MTH 4421 - Actuarial Mathematics II (Exam FAM-L)

MTH 4451 - Short Term Insurance Mathematics I (FAM-S)

MTH 4452 - Short Term Insurance Mathematics II (FAM-S)

MTH 4500 - Mathematical Finance

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

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