{"id":9930,"date":"2023-11-02T10:27:06","date_gmt":"2023-11-02T14:27:06","guid":{"rendered":"http:\/\/149.4.100.129\/academics\/economics\/?page_id=9930"},"modified":"2026-03-24T08:32:24","modified_gmt":"2026-03-24T12:32:24","slug":"actuarial-studies","status":"publish","type":"page","link":"https:\/\/www.qc.cuny.edu\/academics\/economics\/actuarial-studies\/","title":{"rendered":"Actuarial Studies"},"content":{"rendered":"

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BBA MAJOR<\/h2>\n<\/div>\n<\/div>\n
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ACTUARIAL STUDIES<\/h1>\n<\/div>\n<\/div>\n

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Our BBA in Actuarial Studies prepares students for a career path in the insurance industry, as well as preparing them for a series of actuarial examinations.<\/h3>\n

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01<\/p>\n

Business Analysis<\/b><\/p>\n

Built upon the core actuarial foundations, students learn to measure and assess risk in insurance and related businesses.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u00a0\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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02<\/p>\n

Quantitative Methods<\/b><\/p>\n

Emphasis is placed on learning the probability and statistical models to perform an actuary job.<\/p>\n

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03<\/p>\n

Cross-departmental<\/b><\/p>\n

Students can take widely available courses in the mathematics\u00a0and computer science departments.<\/p>\n

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04<\/p>\n

\u00a0VEE validation<\/b><\/p>\n

Validation by Educational Experience (VEE) courses validated by the Society of Actuaries (SOA).<\/p>\n

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CAREERS<\/h4>\n<\/div>\n<\/div>\n
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Insurance Companies\u30fbFinancial Planning\u30fbPension Funds\u30fbRisk\u00a0Analysis\u30fbActuarial Consulting<\/h3>\n<\/div>\n<\/div>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”8px|||||” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.23″ _module_preset=”default” text_font_size=”20px” header_2_font_size=”32px” custom_padding=”101px|||||” global_colors_info=”{}”]<\/p>\n

The B.B.A. in Actuarial Studies is aimed at…<\/h2>\n

Students seeking broad knowledge to evaluate risks and take preventive measures.<\/p>\n

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SOME AREAS OF STUDY<\/h4>\n

Insurance\u30fbMathematics of Finance\u30fbLife Contingency\u30fbAsset Management \u30fbRisk Assessment<\/h3>\n

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APPLICATION AND REQUIREMENTS<\/h3>\n

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To declare a BBA Major students must apply to the BBA program following the steps outlined here:<\/p>\n

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BBA applications are reviewed once a month, at the end of the month. Applicants will be notified of the department\u2019s decision on the first week of the following month after their application submission.<\/div>\n
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Students who wish to declare a BBA major must fulfill\u00a0<\/span>all<\/strong>\u00a0<\/span>of the following requirements in order to be considered for the BBA program:<\/p>\n

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    1. Complete ECON 101 & 102 and ACCT 101 & 102\u00a0<\/span>before<\/b>\u00a0<\/span>applying<\/li>\n
    2. Submit an\u00a0application form<\/a>\u00a0for entrance to the BBA program<\/span><\/li>\n
    3. Obtain a minimum GPA of 2.5 across the 4 courses listed above<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

      [\/et_pb_accordion_item][et_pb_accordion_item title=”REQUIREMENTS” open_toggle_text_color=”#E71939″ _builder_version=”4.27.4″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” open=”on” sticky_enabled=”0″]<\/p>\n

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      Requirements for\u00a0<\/b>Actuarial Studies<\/strong>\u00a0Majors:<\/b><\/p>\n<\/div>\n<\/div>\n

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      1. Admission to the BBA program, which requires a minimum GPA of 2.5 (subject to revision) in the first four courses listed below.<\/li>\n
      2. A minimum GPA of 2.0 for courses taken as part of the Actuarial Studies Major at QC.<\/li>\n
      3. No individual grade below C- is accepted.<\/li>\n
      4. No more than 21 credits can be transferred into the program from other colleges.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n
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        19 Required Courses and 2 Electives as follows:<\/p>\n<\/div>\n<\/div>\n

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        \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
        1<\/td>\nECON 101<\/a>: Introduction to Macroeconomics<\/td>\n<\/tr>\n
        2<\/td>\nECON 102<\/a>: Introduction to Microeconomics<\/td>\n<\/tr>\n
        3<\/td>\nACCT 101<\/a>: Introduction to the Theory and Practice of Accounting I<\/td>\n<\/tr>\n
        4<\/td>\nACCT 102<\/a>: Introduction to the Theory and Practice of Accounting II<\/td>\n<\/tr>\n
        5<\/td>\nMATH 141<\/a>: Calculus\/Differentiation, or\u00a0MATH 151<\/a>: Calculus\/Differentiation & Integration<\/td>\n<\/tr>\n
        6<\/td>\nMATH 142<\/a>: Calculus\/Integration\u00a0and<\/strong>\u00a0MATH 143<\/a>: Calculus\/Infinite Series, or\u00a0MATH 152<\/a>: Calculus\/Integration & Infinite Series<\/td>\n<\/tr>\n
        7<\/td>\nBUS 111<\/a>: Introduction to Management<\/td>\n<\/tr>\n
        8<\/td>\nBUS 140<\/a>: Introduction to Business Analytics<\/td>\n<\/tr>\n
        9<\/td>\nBUS 160W\u00a0<\/a>: Introduction to Business Writing<\/td>\n<\/tr>\n
        10<\/td>\nPHIL 160\u00a0<\/a>: Business Ethics<\/td>\n
        11<\/td>\nBUS 241<\/a>: Corporation Finance<\/td>\n<\/tr>\n
        12<\/td>\nBUS 243<\/a>: Economics of Distribution and Marketing<\/td>\n<\/tr>\n
        13<\/td>\nECON 201<\/a>: Macro-Economic Analysis<\/td>\n<\/tr>\n
        14<\/td>\nECON 202<\/a>: Price Theory<\/td>\n<\/tr>\n
        15<\/td>\nACCT 261<\/a>: Business Law I or\u00a0ACCT 367<\/a>: Federal and New York State Taxes on Income<\/td>\n<\/tr>\n
        16<\/td>\nMATH 201<\/a>: Calculus<\/td>\n<\/tr>\n
        17<\/td>\nMATH 241<\/a>: Introduction to Probability and Mathematical Statistics<\/td>\n<\/tr>\n
        18<\/td>\n\n

        MATH 242<\/a>: Methods of Mathematical Statistics<\/p>\n

        19<\/td>\nBUS 341W<\/a>: Intermediate Finance<\/td>\n<\/tr>\n
        20-21<\/td>\n\n
        Choose 2 electives from:<\/div>\n

        Globalization and Environment Electives<\/a>
        BUS 247<\/a>: Managerial Economics
        ECON 301<\/a>: Economics of CryptoAssets
        ECON 302<\/a>: Blockchain and Money
        BUS 305<\/a>: Foundations in FinTech
        BUS 390<\/a>: Artificial Intelligence in Business and Economics<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

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        6 Recommended Courses for Actuarial Examination:<\/p>\n<\/div>\n<\/div>\n

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        1<\/td>\nBUS 353<\/a>: Options and Futures Markets<\/td>\n<\/tr>\n
        2<\/td>\nMATH 116<\/a>: Mathematics of Finance<\/td>\n<\/tr>\n
        3<\/td>\nMATH 271<\/a>: Actuarial Mathematics I: Calculus and Probability<\/td>\n<\/tr>\n
        4<\/td>\nMATH 272<\/a>: Actuarial Mathematics II: Probability and Risk Management<\/td>\n<\/tr>\n
        5<\/td>\nBUS 350<\/a>: Investment Analysis<\/td>\n<\/tr>\n
        6<\/td>\nBUS 352<\/a>: Investment Management<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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        To all students: DegreeWorks is being updated and it may not show the correct information for some students. All students should follow the concentration document that they signed because <\/span>that<\/span>\u00a0document has the correct requirements.<\/span><\/p>\n

        Important Announcement for Actuarial Studies Majors:<\/strong>
        Please do not wait until your last semester to take Math 242. It is a course that closes quickly, often during preregistration. When you determine the semester you plan on taking Math 242, please email your name, CUNY ID, and desired semester to         joan.nix@qc.cuny.edu<\/a>. Please note that your request must be submitted no later than the first week of the semester that you plan on REGISTERING<\/b>\u00a0for Math 242. There are no guarantees that you will be able to take the course during your desired semester, therefore, please do not want until your\u00a0LAST<\/b>\u00a0semester at QC to take this course.<\/p>\n

        Actuarial Science from Math department:<\/strong>
        Students who wish to pursue a career as an actuary may also opt to major in Mathematics, pursuing the Actuarial Science option. Please see visit the         Mathematics website<\/a> for more information.<\/p>\n

        Note regarding BUS 111 and BUS 140<\/strong>
        The Department of Economics is introducing two new courses during Fall 2026 for BBA Majors in Finance, International Business and Actuarial Studies (BUS 111: Introduction to Management; and BUS 140: Introduction to Business Analytics. These courses will be required in the BBA programs instead of the previous two courses (BUS 111 instead of BUS 247 Managerial Economics; and BUS 140 instead of CSCI 48 Spreadsheet Programming). Students that have taken BUS 247 or CSCI 48 already do not need to do anything, the Department of Economics will consider those courses as part of their BBA program. For the rest of students, the Department of Economics recommends taking BUS 111 and BUS 140 instead as part of the required courses. Finally, BUS 247 will still be considered as part of the Corporate Finance, International Business and Actuarial Studies programs but as an elective.<\/span><\/p>\n<\/div>\n<\/div>\n

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        BBA MAJOR ACTUARIAL STUDIES Our BBA in Actuarial Studies prepares students for a career path in the insurance industry, as well as preparing them for a series of actuarial examinations. 01 Business Analysis Built upon the core actuarial foundations, students learn to measure and assess risk in insurance and related businesses. \u00a0\u00a0 02 Quantitative Methods […]<\/p>\n","protected":false},"author":223,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"page_category":[],"wf_page_folders":[244],"class_list":["post-9930","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/pages\/9930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/users\/223"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/comments?post=9930"}],"version-history":[{"count":0,"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/pages\/9930\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/media?parent=9930"}],"wp:term":[{"taxonomy":"page_category","embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/page_category?post=9930"},{"taxonomy":"wf_page_folders","embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/economics\/wp-json\/wp\/v2\/wf_page_folders?post=9930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}