Minor in Actuarial Mathematics
Actuarial Science stands at the intersection of risk and money.
Actuaries use their knowledge of mathematics and probability theory to
define, analyze and solve complex business, financial and social
problems. Actuaries evaluate individual and corporate risks, and
design financially sound insurance and pension plans.Graduates from
the University of Pennsylvania with an Actuarial Mathematics Minor are
expected to be in great demand by the insurance and banking industry.
The Actuarial Mathematics Minor consists of the following eight
courses. Courses taken on a pass/fail basis may not be counted toward
the Actuarial Math Minor.
 MATH 240  Calculus, Part III, or MATH 260  Honors Calculus, Part II
 MATH 320  Computer Methods in Mathematical Science I or MATH 530  Mathematics of Finance
 STAT 430  Probability
 STAT 431  Statistical Inference
 BEPP 451 / STAT 451  Fundamentals of Actuarial Science I
 BEPP 452 / STAT 452  Fundamentals of Actuarial Science II
 BEPP 454 / STAT 454  Applied Statistical Methods for Actuaries
Science I or STAT 435  Forecasting Methods for Management
 An additional course, choose one of the following:
 BEPP 453 / STAT 453  Actuarial Statistics (highly recommended)
 STAT 471  Intermediate Statistics
 BEPP 310  Financial Strategies and Analysis : Insurance
 BEPP 321  Employee Benefit Plan Design and Financing
 BEPP 322  Business Insurance and Estate Planning
For course descriptions, please follow the links below:
Mathematics
Business Economics and Public Policy
Statistics
For more information on Penn's Actuarial Science Program, check
https://statistics.wharton.upenn.edu/programs/actuarialprogram/
Notes:
 Another Mathematics course can be substituted for the course in
number 2 above. Recommended courses include
either
Math 312,
Linear Algebra Math
370,Algebra or
Math
512, Advanced Linear Algebra (note that completion of one of these courses
together with the rest of the Actuarial Mathematics minor also
fulfills the requirements of the Mathematics
minor), and
Operations
and Information Management 910 and 930.
Note: Students who have already received credit for either Math 370,
371, 502 or 503 cannot receive further credit for Math 312/313/513.
Students can receive credit for at most one of the three
courses Math 312/313/513 because of the overlap in their syllabi.

The Actuarial Mathematics Minor is administered jointly by the
Undergraduate
Chairs of the Statistics
Department and the
Mathematics Department.
Students should email Math Minor
Advisors to set up an appointment or ask questions. The Actuarial Math
Minor Advisors is,
Dr. Tony Pantev DRL 3E4
 Students who decide to begin the Actuarial Mathematics Minor after
completing one or both of Statistics 101 and 102 will replace one or
both of the Statistics 430 and 431 courses with a course or courses
designated by the Undergraduate Chairs. Usually, these courses will be
more advanced statistics.
 Advancement in the actuarial profession is dependent upon passage
of a sequence of examinations administered by the Society of
Actuaries. Information about this examination program can be obtained
in the Statistics Department.