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Bachelor of Business Administration Degree in Actuarial Science

Actuarial Science is a discipline that uses mathematics and statistical models to assess and manage risk and to solve emerging financial and social problems. Graduates’ unique blend of analytical and business skills are especially valuable in the insurance and financial services industry. They apply their skills to calculations in life, health, social, and casualty insurance, annuities and pensions. Traditionally, they have been involved in developing probability tables for natural disasters, unemployment, etc. There is an increasing need for trained actuaries in the insurance industry. The Bachelor of Business Administration (B.B.A.) in Actuarial Science provides students the opportunity to acquire the quantitative and business skills to prepare them for a career as an actuary. The minimum number of semester credit hours for the B.B.A. degree in Actuarial Science is 120, at least 39 of which must be at the upper-division level.

All candidates seeking this degree must fulfill the Core Curriculum requirements, the Common Body of Knowledge requirements, and the degree requirements, which are listed below.

Core Curriculum Requirements (42 semester credit hours)
Students seeking the Bachelor of Business Administration degree in Actuarial Science must fulfill University Core Curriculum requirements. The courses listed below satisfy both degree requirements and Core Curriculum requirements; however, if these courses are taken to satisfy both requirements, then students may need to take additional courses in order to meet the minimum number of semester credit hours required for the degree. For a complete listing of courses that satisfy the Core Curriculum requirements, see pages 3-5 of this catalog.

MAT 1214 should be used to satisfy the core requirement in Mathematics. ECO 2013 should be used to satisfy the core requirement in Social and Behavioral Sciences.

All degrees in the College of Business require 120 hours. If students elect to take a course that satisfies both a Core and COB requirement, students may need to take an additional course to meet the 120 hours.

Common Body of Knowledge (CBK)

All students seeking a B.B.A. degree in the College of Business must complete the following Common Body of Knowledge (CBK) courses in addition to the Core Curriculum.

ACC  2013    Principles of Accounting I
ACC  2033    Principles of Accounting II
BLW 3013    Business Law
COM 1053    Business and Professional Speech
ECO 2013    Introductory Macroeconomics (satisfies Social and Behavioral Sciences Core Curriculum requirement)
ECO 2023    Introductory Microeconomics
FIN  3014    Principles of Business Finance
GBA 2013    Social and Ethical Issues in Business
IS    1403    Business Information Systems Fluency
IS    3003    Principles of Information Systems for Management
MAT 1033   Algebra with Calculus for Business (satisfies Mathematics Core Curriculum requirement)
(Actuarial Science majors must take MAT 1214 in lieu of MAT 1033)
MGT 3003    Business Communication and Professional Development
MGT 3013    Introduction to Organization Theory, Behavior, and Management
MGT 4893    Management Strategy (taken in semester of graduation)
MKT 3013    Principles of Marketing
MS   1023    Business Statistics with Computer Applications I
(Actuarial Science majors must take STA 1053 in lieu of MS 1023)
MS   3043    Business Statistics with Computer Applications II
(Actuarial Science majors must take STA 3003 in lieu of MS 3043)
MS   3053    Management Science and Operations Technology

In addition to the Core Curriculum requirements and requirements from the College of Business Common Body of Knowledge (CBK), all candidates for the degree must complete the following degree requirements.

Degree Requirements

  1. 20 semester credit hours of required Mathematics and Statistics courses:

    MAT  1224  Calculus II
    MAT  2214  Calculus III
    STA  3513  Probability and Statistics
    STA  3523  Mathematical Statistics
    STA  4713  Applied Regression Analysis
    STA  4753  Time-Series Analysis

  2. 6 semester credit hours from the following courses:

    FIN  4523  Introduction to Risk Management
    FIN  4813  Property-Liability Insurance Finance
    FIN  4823  Life and Health Insurance Finance
    MS   3073  Business Analytics
    STA 3023  Statistical Mathematics
    STA 4133  Introduction to Programming and Data Management in SAS
    STA 4643  Introduction to Stochastic Processes
    STA 4933  Internship in Statistics

  3. 2 semester credit hours

    STA 4961  Actuarial Science Examination Preparation (to be taken two semesters)

Course Sequence Guide for B.B.A. Degree in Actuarial Science

This course sequence guide is designed to assist students in completing their UTSA undergraduate business degree requirements. This is a term-by-term sample course guide. Students must satisfy other requirements in their catalog and meet with an academic advisor in the College of Business Undergraduate Advising Center for an individualized degree plan. Progress within this guide depends upon such factors as course availability, individual student academic preparation, student time management, work obligations, and individual financial considerations. Students may choose to take courses during Summer terms to reduce course loads during long semesters.

Recommended Four-Year Academic Plan

First Year
Fall Credit Hours
AIS 1203 Academic Inquiry and Scholarship (core) 3
IS 1403 Business Information Systems Fluency (CBK) 3
MAT 1214 Calculus I (core and CBK)** 4
WRC 1013 Freshman Composition I (core) 3
American History (core)   3
ACC 2013 Principles of Accounting I (CBK) 3
COM 1053 Business and Professional Speech (CBK) 3
MAT 1224 Calculus II (major) 4
STA 3023 Statistical Mathematics (CBK) 3
WRC 1023 Freshman Composition II (core) 3
Second Year
ACC 2033 Principles of Accounting II (CBK) 3
ECO 2013 Introductory Macroeconomics (core and CBK)*, ** 3
MAT 2214 Calculus III [TCCN: MATH 2415.] (major) 4
STA 3003 Applied Statistics (CBK) 3
Language, Philosophy & Culture (core)   3
ECO 2023 Introductory Microeconomics (CBK)* 3
FIN 3014 Principles of Business Finance (CBK) 4
STA 3513 Probability and Statistics (major) 3
American History (core)   3
Life & Physical Sciences (core)   3
Third Year
MGT 3003 Business Communication and Professional Development (CBK) 3
STA 3523 Mathematical Statistics (major) 3
MS 3053 Management Science and Operations Technology (CBK) 3
Government-Political Science (core)   3
Upper-division FIN or STA Directed Elective (support work)   3
IS 3003 Principles of Information Systems for Management (CBK) 3
MGT 3013 Introduction to Organization Theory, Behavior, and Management (CBK) 3
MKT 3013 Principles of Marketing (CBK) 3
STA 4713 Applied Regression Analysis (major) 3
Upper-division FIN or STA Directed Elective (support work)   3
Fourth Year
GBA 2013 Social and Ethical Issues in Business (CBK) 3
STA 4753 Time-Series Analysis (major) 3
STA 4961 Actuarial Science Examination Preparation (support work) 1
Component Area Option (core)   3
Government-Political Science (core)   3
BLW 3013 Business Law (CBK) 3
MGT 4893 Management Strategy (CBK) 3
STA 4961 Actuarial Science Examination Preparation (support work) 1
Creative Arts (core)   3
Life & Physical Sciences (core)   3
  Total Credit Hours: 120.0

* ECO 2013 and ECO 2023 may be taken in either sequence.
** College of Business students should take MAT 1214 and ECO 2013 satisfy both Core Curriculum and CBK requirements.

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