College of Engineering, Forestry, and Natural Sciences2016-2017

Department of Mathematics and Statistics

Actuarial Science, Minor

Careers

What Can I Do with a Minor in Actuarial Science?

Actuary is consistently rated as one of the top professions, based on job satisfaction, pay, and other features. Actuaries typically enjoy challenges and problem solving. The work of an actuary involves the quantitative analysis of risk, and managing risk by analyzing the likelihood of future events, especially undesirable events, finding ways to reduce the likelihood of those events, and reducing the effects of undesirable events. Typical employers include companies in the insurance industry.

Note: If you want to minor in Actuarial Science, you must consult with one of the Mathematics and Statistics faculty members in addition to being admitted to the university.

University Requirements

  • A minor is earned in conjunction with a bachelor's degree.

    To receive a minor (18 to 24 units) at Northern Arizona University, you must complete a planned group of courses from one or more subject matter areas with a cumulative grade point average of at least 2.0. At least 12 units of the minor must be unique to that minor and not applied to any other minor.

Overview

In addition to University Requirements:

  • Complete individual plan requirements.

Please note that you may be able to use some courses to meet more than one requirement. Contact your advisor for details.

Minimum Units for Completion 21
Major GPA C
Highest Mathematics Required MAT 480

Details
Minor Requirements

  • A Mathematics major may earn a Minor in Actuarial Science, but at least half the credits (essentially 12 units) in the minor must be courses that are not used to fulfill the student's Mathematics Major requirements.

    Students pursuing a career as an actuary are advised to take ECO 284 and ECO 285 as part of their liberal studies requirements.

  • Be aware that some courses may have prerequisites that you must also take. For prerequisite information click on the course or see your advisor.
     

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