This page contains the requirements for the minor. Students should consult the Actuarial Informational Page for information on a career as an actuary.
TCNJ Policy: 5 course units required for a minor, only one of which can double-count towards a major.
MAT 125 or 127, MAT 128, MAT 200 and STA 215
Courses for the Minor
Students will take 5 course units from the following list, depending on the major (see below):
- MAT 229 (Multivariable Calculus)
- STA 305 (Regression Analysis) OR ECO 231 (Applied Business Statistics).
- MAT 316 (Probability)
- STA 410(Mathematical Statistics)
- MAT 265 (Introduction to Financial Mathematics)
- ECO 102 (Principles of Macroeconomics)
- FIN 201 (Fundamental Financial Methods) AND IST 201 (Information Systems: Concepts and Applications). Both of these are half-courses
- FIN 310 (Introduction to Investments and Financial Analysis) Gives VEE-Corporate Finance credit.
- FIN 360 (Financial Modeling) OR FIN 410 (Portfolio Management and Derivative Securities)
Students will select one course unit from Group A, which are all required in the Statistics major, and double-count this course towards the Minor. They will then take four course units from Group B. Statistics Majors may not take ECO 231.
Students will be advised to take the sequence MAT 125, MAT 128, MAT 200, and STA 215 to enable them to meet the prerequisites above. They will then take one course unit from Group B (which will be the double-counting course), and 4 course units from Group A.
Students may choose 5 courses units from the courses in Groups A and B but it is highly recommended that MAT 316 and STA 410 are among those selected. Students may not take ECO 231.
Selections from Groups A and B as advised.
- It is strongly recommended for employment reasons that students take the first Actuarial exam (Joint Exam 1/Probability) as soon as possible after completing MAT 316 (Probability).
- While only ECO 102 is listed in Group B, it is recommended that all students take ECO 101 (Principles of Microeconomics) as an elective in order to obtain VEE-Economics credit.
- For information about careers in actuarial sciences, visit http://www.beanactuary.org/ and visit the links to the professional societies that you will find there.