COURSE CURRICULUM

The actuarial science program at SEMO is a highly quantitative degree that prepares students to evaluate and manage financial risk using advanced mathematics, probability, statistics, finance, and economics. Actuaries apply these tools to real-world problems in insurance, finance, and other industries where uncertainty and risk must be measured and managed. The program emphasizes both theoretical depth and applied problem-solving, ensuring students are well prepared for professional actuarial careers and certification exams.The curriculum begins with a strong foundation in core disciplines such as accounting, microeconomics, macroeconomics, and financial management. Students then progress into an extensive sequence of advanced mathematics and statistics courses, including calculus I, II, and III, linear algebra, foundations of mathematics, probability and statistics, and statistical methods. These courses build the analytical and mathematical reasoning skills necessary for actuarial modeling and financial analysis.Students also study specialized actuarial and financial topics such as theory of interest, financial mathematics, applied regression analysis, actuarial seminar, statistical learning, time series forecasting, and fundamentals of actuarial mathematics. These courses focus on real-world applications such as pricing, risk modeling, forecasting, and financial decision-making in uncertain environments.The program includes a programming requirement, where students gain computational skills through courses like introduction to computer programming or mathematical programming. This ensures students are capable of using modern software tools for data analysis and modeling.Additional electives allow students to broaden their expertise in areas such as insurance, investments, business forecasting, applied economic models, differential equations, experimental design, and marketing.Overall, the program provides a rigorous blend of mathematics, statistics, finance, economics, and computational training. Graduates are prepared for careers in insurance, actuarial consulting, risk management, financial analysis, and data science, along with strong preparation for professional actuarial certification exams.