ASCI-BA - Actuarial Science
Overview
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The field of actuarial science applies mathematical principles and techniques to problems in the insurance industry. Progress in the field is generally based upon completion of examinations given by the Society of Actuaries (SOA). The Baruch College major is designed to prepare students to pass the first five examinations. Students interested in this highly structured program are urged to contact the Department of Mathematics as early as possible so that the department may assign an advisor to aid in formulating an appropriate course of study.
Requirements
In Residence at Baruch College
Liberal Arts and Sciences Content Courses
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A course in this area must meet all of the following learning outcomes. A student will:
Read and listen critically and analytically, including identifying an argument's major assumptions and assertions and evaluating its supporting evidence.
Write clearly and coherently in varied, academic formats (such as formal essays, research papers, and reports) using standard English and appropriate technology to critique and improve one's own and others' texts.
Demonstrate research skills using appropriate technology, including gathering, evaluating, and synthesizing primary and secondary sources.
Support a thesis with well-reasoned arguments, and communicate persuasively across a variety of contexts, purposes, audiences, and media.
Formulate original ideas and relate them to the ideas of others by employing the conventions of ethical attribution and citation.
A course in this area must meet all of the following learning outcomes. A student will:
Interpret and draw appropriate inferences from quantitative representations, such as formulas, graphs, or tables.
Use algebraic, numerical, graphical, or statistical methods to draw accurate conclusions and solve mathematical problems.
Represent quantitative problems expressed in natural language in a suitable mathematical format.
Effectively communicate quantitative analysis or solutions to mathematical problems in written or oral form.
Evaluate solutions to problems for reasonableness using a variety of means, including informed estimation.
Apply mathematical methods to problems in other fields of study.
The following courses are no longer offered at Baruch, but do appear on students’ transfer evaluations. Any of these courses may be used to satisfy the Mathematical and Quantitative Reasoning requirement of the Pathways curriculum without appeal: MTH 2000; MTH 2001; MTH 2300; MTH 2300; MTH 2301; MTH 2100; MTH 2150; MTH 2006; MTH 2206; and MTH 2630. MTH 3010 Calculus II is considered a STEM Variant course, and may also be used to satisfy this requirement without appeal.
** Zicklin and SPIA students should not take MTH 2140 or MTH 2160, which do not meet the mathematics requirement for the BBA or BS degrees. Zicklin students must complete a course in Calculus (and must satisfy the prerequisites for whichever Calculus course they take). Therefore, these students usually take MTH 2003 or MTH 2009 and one of the Calculus courses listed above. SPIA students must complete a course in either Precalculus or Calculus.
MTH 2140 and MTH 2160 are not appropriate for students within the Weissman School of Arts and Sciences whose major requires a statistics course or additional math courses (such majors include: Actuarial Science, Biological Sciences, Economics, Financial Mathematics, Natural Sciences ad hoc, and Statistics).
A course in this area must meet all of the following learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a life or physical science.
Apply the scientific method to explore natural phenomena, including hypothesis development, observation, experimentation, measurement, data analysis, and data presentation.
Use the tools of a scientific discipline to carry out collaborative laboratory investigations.
Gather, analyze, and interpret data and present it in an effective written laboratory or fieldwork report.
Identify and apply research ethics and unbiased assessment in gathering and reporting scientific data.
NOTE: The following courses are no longer offered at Baruch, but do appear on students’ transfer evaluations. Any of these courses may be used to satisfy the Life and Physical Sciences or the Scientific World requirement of the Pathways curriculum without appeal: BIO 1003; BIO 1005; CHM 1000; ENV 1020; ENV 1021; and PHY 1003. One course may not be used to satisfy both requirements.
STEM VARIANT COURSES
The following courses may be used to satisfy either the Life and Physical Sciences or the Scientific World requirement (one course may not satisfy both requirements). Students who wish to pursue a major or minor in the Natural Sciences should satisfy the Pathways science requirements with STEM Variant courses.
BIO 2010 Principles of Biology I
CHM 2003 General Chemistry I
PHY 2003 General Physics I
PHY 3010 Quantitative Physics I
The Department of Natural Sciences offers “stand-alone” sections of their Pathways courses ( BIO 1011L, BIO 1012, etc.), specifically designed for students who are only required to complete one half of the paired courses – lecture or lab, not both. For example, a student who transfers a Scientific World course, may satisfy the Life and Physical Sciences requirement with a stand-alone section of a Natural Sciences course in that category. These stand-alone sections are not open to students who enter Baruch as freshmen or to transfer students who have satisfied neither the Life & Physical Sciences nor the Scientific World requirement at the time they entered Baruch. Please consult the Department of Natural Sciences to request registration permission for any of their stand-alone sections (17 Lexington Ave, room 506; 646-660-6200)
A course in this area must meet at least three of the following additional learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a discipline or interdisciplinary field exploring world cultures or global issues, including, but not limited to, anthropology, communications, cultural studies, economics, ethnic studies, foreign languages (building upon previous language acquisition), geography, history, political science, sociology, and world literature.
Analyze culture, globalization, or global cultural diversity, and describe an event or process from more than one point of view.
Analyze the historical development of one or more non-U.S. societies.
Analyze the significance of one or more major movements that have shaped the world's societies.
Analyze and discuss the role that race, ethnicity, class, gender, language, sexual orientation, belief, or other forms of social differentiation play in world cultures or societies.
Speak, read, and write a language other than English, and use that language to respond to cultures other than one's own.
A course in this area must meet at least three of the following additional learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a discipline or interdisciplinary field exploring the U.S. experience in its diversity, including, but not limited to, anthropology, communications, cultural studies, economics, history, political science, psychology, public affairs, sociology, and U.S. literature.
Analyze and explain one or more major themes of U.S. history from more than one informed perspective.
Evaluate how indigenous populations, slavery, or immigration have shaped the development of the United States.
Explain and evaluate the role of the United States in international relations.
Identify and differentiate among the legislative, judicial, and executive branches of government and analyze their influence on the development of U.S. democracy.
Analyze and discuss common institutions or patterns of life in contemporary U.S. society and how they influence, or are influenced by, race, ethnicity, class, gender, sexual orientation, belief, or other forms of social differentiation.
Note: HIS 1004 History of American Civilization I is no longer offered at Baruch, but it does appear on students’ transfer evaluations. This course may be used to satisfy the U.S. Experience in its Diversity requirement of the Pathways curriculum without appeal.
A course in this area must meet at least three of the following additional learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a discipline or interdisciplinary field exploring creative expression, including, but not limited to, arts, communications, creative writing, media arts, music, and theater.
Analyze how arts from diverse cultures of the past serve as a foundation for those of the present, and describe the significance of works of art in the societies that created them.
Articulate how meaning is created in the arts or communications and how experience is interpreted and conveyed.
Demonstrate knowledge of the skills involved in the creative process.
Use appropriate technologies to conduct research and to communicate.
A course in this area must meet at least three of the following additional learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a discipline or interdisciplinary field exploring the relationship between the individual and society, including, but not limited to, anthropology, communications, cultural studies, history, journalism, philosophy, political science, psychology, public affairs, religion, and sociology.
Examine how an individual's place in society affects experiences, values, or choices.
Articulate and assess ethical views and their underlying premises.
Articulate ethical uses of data and other information resources to respond to problems and questions.
Identify and engage with local, national, or global trends or ideologies, and analyze their impact on individual or collective decision-making.
A course in this area must meet at least three of the following additional learning outcomes. A student will:
Identify and apply the fundamental concepts and methods of a discipline or interdisciplinary field exploring the scientific world, including, but not limited to: computer science, history of science, life and physical sciences, linguistics, logic, mathematics, psychology, statistics, and technology-related studies.
Demonstrate how tools of science, mathematics, technology, or formal analysis can be used to analyze problems and develop solutions.
Articulate and evaluate the empirical evidence supporting a scientific or formal theory.
Articulate and evaluate the impact of technologies and scientific discoveries on the contemporary world, such as issues of personal privacy, security, or ethical responsibilities.
Understand the scientific principles underlying matters of policy or public concern in which science plays a role.
STEM VARIANT COURSES
The following courses may be used to satisfy either the Life and Physical Sciences or the Scientific World requirement (one course may not satisfy both requirements). Students who wish to pursue a major or minor in the Natural Sciences should satisfy the Pathways science requirements with STEM Variant courses.
course Principles of Biology I
course General Chemistry I
course General Physics I
course Quantitative Physics I
CHANGES EFFECTIVE SPRING 2016
In Spring 2016, PSY 1001 was added to the Scientific World category. The following policies went into effect at that time:
Students who enter Baruch as freshmen and transfer students who have satisfied neither the Life & Physical Sciences nor the Scientific World requirement at the time they entered Baruch must take the co-requisite Natural Sciences courses to satisfy these Pathways Common Core requirements. They may take PSY 1001, but it can be used only as their sixth Flexible Core course (or as a non-Pathways elective). It cannot be used to satisfy the Scientific World requirement.
Students who have already satisfied both the Life and Physical Sciences and the Scientific World requirements at the time they entered Baruch may take PSY 1001 as their sixth Flexible Core course.
PSY 1001 may be used to satisfy the Scientific World requirement only under the following circumstances:
A freshman or transfer student enters Baruch with AP, College Now, or regular transfer credit for a Life and Physical Sciences course.
A freshman or transfer student enters Baruch with AP, College Now, or regular transfer credit for PSY 1001.
A student completes a STEM Variant course ( BIO 2010, CHM 2003, PHY 2003, or PHY 3010) at Baruch.
NOTE: The Department of Natural Sciences offers “stand-alone” sections of their Pathways courses ( BIO 1011L, BIO 1012, etc.), specifically designed for students who are only required to complete one half of the paired courses – lecture or lab, not both. For example, a student who transfers a Life and Physical Sciences course, may satisfy the Scientific World requirement with either PSY 1001 or with a stand-alone section of a Natural Sciences course in that category. These stand-alone sections are not open to students who enter Baruch as freshmen or to transfer students who have satisfied neither the Life & Physical Sciences nor the Scientific World requirement at the time they entered Baruch. Please consult the Department of Natural Sciences to request registration permission for any of their stand-alone sections (17 Lexington Ave, room 506; 646-660-6200).
The Flexible Core is made up of six courses, which must be taken in five different categories (numbered 4-8): 4) World Cultures and Global Issues; 5) U.S. Experience in its Diversity; 6) Creative Expression; 7) The Individual and Society; and 8) Scientific World.
In fulfilling the six-course requirement, students may not take more than one course from any one department, discipline, or interdisciplinary field.
Please note that some departments offer courses in more than one category…
ANT and SOC courses are offered by the Department of Sociology and Anthropology;
ART, MSC, and THE courses are offered by the Department of Fine and Performing Arts;
BLS and LTS (formerly HSP) courses are offered by the Department of Black and Latino Studies;
BIO, ENV, CHM, and PHY courses are offered by the Department of Natural Science; and
Within the Pathways Flexible Core, POL and PAF (formerly PUB) are considered to be a single field.
…Therefore, the sixth course may not be taken from Creative Expression, which consists of courses from a single department. Until Spring 2016 this was also true of the Scientific World category, since the only courses it contained were offered by the Department of Natural Sciences. But in Spring 2016, PSY 1001 was added to the Scientific World category; see below.
All Flexible Core courses must meet the following three learning outcomes. A student will:
Gather, interpret, and assess information from a variety of sources and points of view.
Evaluate evidence and arguments critically or analytically.
Produce well-reasoned written or oral arguments using evidence to support conclusions.
The learning goals or outcomes of each area within the Flexible Core are included below, followed by lists of applicable courses.
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1st Foreign Language course (based on placement) and 2nd Foreign Language course (the same language as the 1st Foreign Language course)
Students who transfer language credits for languages not taught at Baruch College may use these credits for the foreign language requirement at Baruch College.
A minimum of 60% of the credits in the major field must be completed at Baruch College. For this major a minimum of 15 credits must be taken at Baruch.
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You may need to take additional Liberal Arts Courses to complete the required credits for your degree.