Actuarial Mathematics Major

www.Mathematics.Pitt.edu
Revised: 07/2020

This program offers students an attractive option for those interested in pursuing advanced degrees in mathematical or quantitative
finance and master’s degrees in business administration, as well as in securing employment in the banking and insurance industries.
This multidisciplinary course of study concentrates on applied mathematics with a focus on financial models. In addition to a core
curriculum of mathematics courses, students are required to complete specific courses in statistics, economics, and computer
science. The capstone courses in the program, MATH 0470, MATH 1119 and MATH 1121, follow the most recent syllabi approved by
the Society of Actuaries and the Casualty Actuarial Society for the societies’ professional examinations in probability, financial
mathematics, investment and financial management and life contingencies. The department organizes seminars to prepare students
for taking these professional society examinations.

Requirements for the Actuarial Mathematics major Applied Mathematics; one of the following pairs of courses
Students must complete 65 credits, 46 of which will be in MATH 1122 Actuarial Mathematics 3
mathematics and statistics. MATH 1123 Actuarial Mathematics 4

Declaring the major MATH 1128 Actuarial Mathematics 5

Before declaring this major, students must complete MATH MATH 1129 Actuarial Mathematics 6
0230 or MATH 0235 (Analytic Geometry and Calculus 2) or Numerical Methods; one of the following courses
their equivalents, with a letter grade of C or better. MATH 1070 Numerical Mathematical Analysis
Students must also complete MATH 0470 Actuarial MATH 1080 Numerical Linear Algebra
Mathematics 1 with a letter grade of B- or better to declare MATH 1127 Predictive Analytics 2
this major.
Economics; both of the following courses
Prerequisite calculus courses ECON 1100 Intermediate Microeconomic Theory
MATH 0220 Analytic Geometry and Calculus 1 ECON 1110 Intermediate Macroeconomic Theory
MATH 0230 Analytic Geometry and Calculus 2 Computer Programming; choose one of the following courses
Basic Calculus; choose one of the following courses CS 0007 Introduction to Computer Programming in Java
MATH 0240 Analytic Geometry and Calculus 3 or CS 0008 Introduction to Computer Programming in Python
MATH 0245 Honors Analytic Geometry and Calculus 3 CS 0010 Introduction to Computing for Systems Engineers
CS 0011 Introduction to Computing for Scientists
Analysis; choose one of the following courses CS 0012 Introduction to Computing for the Humanities
MATH 0413 Introduction to Theoretical Mathematics CS 0401 Programming in Java
MATH 0450 Introduction to Analysis STAT 1301 Statistical Packages
BUSBIS 1060 Introduction to Information Systems
Professional Development ENGR 0012 Introduction to Engineering Computing
MATH 0500 Professional Development
Statistics course
Linear Algebra; choose one of the following courses STAT 1152 Introduction to Mathematical Statistics
MATH 1180 Linear Algebra Finance
MATH 1185 Honors Linear Algebra BUSERV 1920 Financial Accounting
Differential Equations; choose one of the following courses Choose one of the following Finance courses
MATH 1270 Ordinary Differential Equations 1 BUSFIN 1311 Corporate Finance
MATH 1275 Honors Ordinary Differential Equations 1 ECON 1440 Economics of Corporation Finance

Actuarial Mathematics; all of the following courses Additional requirements

MATH 0470 Actuarial Mathematics 1 Statistics, Economics, and Finance
MATH 1121 Actuarial Mathematics 2 Requirements for this major include three credits of statistics
MATH 1119 Applied Probability for Actuarial Mathematics and six to nine credits of economics and finance courses. Majors
MATH 1126 Predictive Analytics 1 must complete a total of 12 credits in one of these subjects.
Grade requirements Economics; both of the following courses
A minimum grade of C is necessary in all courses required _______ ECON 1100
for the major. _______ ECON 1110

Satisfactory/No Credit option Computer Programming; one of the following courses

Only MATH 0500 may be taken on an S/NC basis. All other _______ CS 0007
courses must be taken on a letter grade basis. _______ CS 0008
_______ CS 0010
Advising _______ CS 0011
Sheng Xiong _______ CS 0012
422 Thackeray Hall _______ CS 0401
412-624-2877 _______ STAT 1301
[email protected] _______ BUSBIS 1060
_______ ENGR 0012
Checklist for the Actuarial Mathematics major
Statistics
Prerequisites; both of the following courses _______ STAT 1152
_______ MATH 0220
_______ MATH 0230 Finance
_______ BUSERV 1920
Basic Calculus; choose one of the following courses
_______ MATH 0240 One of the following Finance courses
_______ MATH 0245 _______ BUSFIN 1311
Analysis; choose one of the following courses _______ ECON 1440
_______ MATH 0413 (4 credits)
_______ MATH 0450 (4 credits)
Sample Four Year Program
Analysis; choose one of the following courses
_______ MATH 0500 (1 credit) Year 1
Fall Spring
Linear Algebra; choose one of the following courses MATH 0220 (4 cr) MATH 0230 (4 cr)
_______ MATH 1180 (3 credits) CS 0401 (3 cr) BUSERV 1920 (3 cr)
_______ MATH 1185 (3 credits) General Education (6 cr) General Education (9 cr)
Differential Equations; choose one of the following courses
Year 2
_______ MATH 1270
_______ MATH 1275 Fall Spring
MATH 0240 (4 cr) MATH 0500 (1 cr)
Actuarial Mathematics; all of the following courses MATH 0413 (4 cr) MATH 1121 (3 cr)
_______ MATH 0470 MATH 1119 (3 cr) MATH 1180 (3 cr)
_______ MATH 1121 MATH 0470 (3 cr) STAT 1152 (3 cr)
_______ MATH 1119 General Education (3 cr) General Education (6 cr)
_______ MATH 1126
Year 3 or 4
Applied Mathematics; choose one of the following pairs of
courses Fall Spring
_______ MATH 1122 MATH 1122 (3 cr) or MATH 1180 (3 cr)
_______ MATH 1123 MATH 1128 (3 cr) MATH 1123 (3 cr) or
MATH 1270 (3 cr) MATH 1129 (3 cr)
_______ MATH 1128 General Education (9 cr) BUSFIN 1311 (3 cr)
_______ MATH 1129 General Education (9 cr)
Year 4 or 3
Numerical Methods; choose one of the following courses
Fall Spring
_______ MATH 1070
ECON 1100 (3 cr) ECON 1110 (3 cr)
_______ MATH 1080
MATH 1126 (3 cr) MATH 1127 (3 cr)
_______ MATH 1127
General Education (12 cr) General Education (9 cr)