Mathematics: Emphasis in Actuarial Science, B.A. or B.S.

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Mathematics Major Requirements

Students planning to major in mathematics may earn either a B.A. or B.S. degree. Ideally, mathematics majors should be prepared to enroll in MA 140 or a higher course during the first semester at Millikin. MA 098 , MA 109 , MA 110 , MA 112 , MA 113 , MA 115 , and MA 130 do not count toward a major or minor.

All majors are required to complete the common foundation courses. This foundation is comprised of the following five mathematics courses.

MA 140 - Calculus I Credit(s): 4
MA 208 - Discrete Mathematics Credit(s): 3
MA 240 - Calculus II Credit(s): 4
MA 303 - Linear Algebra Credit(s): 3
MA 304 - Probability Credit(s): 3

Foundation Course Requirements

The school may waive one or more of the foundation course requirements for students with advanced high school mathematics preparation. There are four options for students interested in a mathematics major.

Mathematics
Mathematics with emphasis in Actuarial Science. The actuarial science track is identified by the Society of Actuaries’ website as an advanced curriculum undergraduate actuarial science program (UCAP-AC). Additionally, some courses in this track have been approved by the Society of Actuaries to earn Validation by Educational Experience (VEE).
Mathematics with emphasis in Data Science
Mathematics with Secondary Education Certification. The secondary mathematics education program is an Illinois State Board of Education Approved Program for the Preparation of Educational Personnel in Illinois Institutions of Higher Education.

Below are the additional requirements for each of the four options.

Major in Mathematics with Emphasis in Actuarial Science

The actuarial science track is identified by the Society of Actuaries’ website as an advanced curriculum actuarial science program. Additionally, some courses in this track have been approved by the Society of Actuaries to earn Validation by Educational Experience (VEE). . Students interested in becoming an actuary should elect this option. In addition to the foundation requirements, students must take:

CS 135 - Introduction to Computer Science Credit(s): 3
CS 235 - Introduction to Data Science Credit(s): 3
MA 230 - Regression Analysis and Time Series Credit(s): 3
MA 314 - Mathematical Statistics Credit(s): 3 *
MA 324 - Theory of Interest Credit(s): 3
MA 340 - Calculus III Credit(s): 4
MA 499 - Senior Seminar Credit(s): 3
AC 230 - Introduction to Financial Statements Credit(s): 3 *
AC 240 - Principles of Managerial Accounting Credit(s): 3 *
EC 100 - Principles of Macroeconomics Credit(s): 3 *
EC 110 - Principles of Microeconomics Credit(s): 3 *
FI 340 - Financial Management Credit(s): 3 *

The following courses have been approved by the Society of Actuaries for VEE at Millikin University:

Note:

*Approved VEE Courses at Millikin University

Students who have completed this option will be prepared to take the first two Actuarial Examinations (1/P and 2/FM) of the Casualty Actuarial Society and the Society of Actuaries.

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