Actuarial Science Minor

This minor is designed to satisfy the Society of Actuaries (SOA) Validation by Educational Experience (VEE) requirements in the areas of Economics and Mathematical Statistics and prepare students for SOA Exam P, Exam FM and Exam IFM. It will also satisfy the Casualty Actuarial Society (CAS) VEE requirements in the area of Economics and prepare students for CAS Exam 1, Exam 2, and Exam 3F. Furthermore, it will partially satisfy both the SOA and CAS VEE requirements in the area of Accounting and Finance.

Minor Requirements

• A minimum grade of "C" (2.0) is required in all courses used to satisfy the minor.
• At least 12 hours used in the minor must be earned at UCF within the Statistics and Data Science Department.

Degree Requirements

Required Courses

21 Total Credits

• Complete the following:
  • ECO2013 - Principles of Macroeconomics (3)
  • ECO2023 - Principles of Microeconomics (3)
  • FIN3403 - Business Finance (3)
  • STA4183 - Theory of Interest (3)
  • STA4184 - Introduction to Derivative Markets (3)
  • STA4186 - Theory of Derivative Pricing (3)
  • STA4322 - Statistical Theory II (3)

Grand Total Credits: 21

Total Undergraduate Credit Hours Required: 21Other Requirements

• Internship, Co-op, or Independent Study credit cannot be used toward the minor.
• Any course substitutions must be approved by the program coordinator in advance of their being taken.