Recommended Academic Plan for RM (ACTSC) option at University Park Program Year 2018

Effective Fall 2015

This major is under an administrative enrollment control. Please review the Entrance-to-Major requirements found at http://dus.psu.edu/students/etm/requirements.html

Semester 1

Course DetailsCredits
PSU 006 First Year Seminar

PSU 006 First Year Seminar

1
ENGL 015 Rhetoric and CompositionNotes for: ENGL 015

ENGL 015

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
or ENGL 030 Honors Freshman CompositionNotes for: ENGL 030

ENGL 030

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
3
MATH 140 Calculus and Analytic Geometry INotes for: MATH 140

MATH 140

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
4
ECON 102 MicroeconomicsNotes for: ECON 102

ECON 102

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • † Course satisfies General Education and degree requirements.
3
Foreign Language 001Notes for: Foreign Language 001

Foreign Language 001

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
Total credits 15

Semester 2

Course DetailsCredits
MGMT 301 Basic Management ConceptsNotes for: MGMT 301

MGMT 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
SCM 200 Introduction to Statistics for BusinessNotes for: SCM 200

SCM 200

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
or STAT 200 Elementary StatisticsNotes for: STAT 200

STAT 200

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
4
Foreign Language 002Notes for: Foreign LAnguage 002

Foreign LAnguage 002

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
MATH 141 Calculus and Analytic Geometry IINotes for: MATH 141

MATH 141

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
  • † Course satisfies General Education and degree requirements.
4
Total credits 15

Semester 3

Course DetailsCredits
MKTG 301 Principles of MarketingNotes for: MKTG 301

MKTG 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
ACCTG 211 Financial and Managerial AccountingNotes for: ACCTG 211

ACCTG 211

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
4
Foreign Language 003Notes for: Foreign Language 003

Foreign Language 003

Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
4
MATH 231 Calculus IIINotes for: MATH 231

MATH 231

Requirements for this course
  • * Course requires a grade of 'C' of better.*
2
General Education (GH/GS/GA)

(GH/GS/GA)

3
Total credits 16

Semester 4

Course DetailsCredits
FIN 301 Corporation FinanceNotes for: FIN 301

FIN 301

Requirements for this course
  • # Course is an Entrance-to-Major requirement.#
  • * Course requires a grade of 'C' of better.*
3
ENGL 202D Business WritingNotes for: ENGL 202D

ENGL 202D

Requirements for this course
  • † Course satisfies General Education and degree requirements.
or General Education (GH/GS/GA)

(GH/GS/GA)

3
3
STAT 414 Probability TheoryNotes for: STAT 414

STAT 414

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
General Education Natural Science (GN)

GN

3
Total credits 15

Semester 5

Course DetailsCredits
R M 320w Risk Management and InsuranceNotes for: R M 320

R M 320

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
General Education (GH/GS/GA)

(GH/GS/GA)

3
R M 410 Compound Interest & AnnuitiesNotes for: R M 410

R M 410

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
3
General Education (GH/GS/GA)

(GH/GS/GA)

or ENGL 202D Business Writing Notes for: ENGL 202D

ENGL 202D

Requirements for this course
  • † Course satisfies General Education and degree requirements.
3
Total credits 15

Semester 6

Course DetailsCredits
RM 415 Modeling for Actuarial ScienceNotes for: RM 415

RM 415

Requirements for this course
  • * Course requires a grade of 'C' of better.*
or STAT 483 Statistical Analysis Systems ProgramingNotes for: STAT 483

STAT 483

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
R M 411 Actuarial Mathematics INotes for: R M 411

R M 411

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
3
General Education (GH/GS/GA)

(GH/GS/GA)

3
Health Science/KINES (GHA)

GHA

1.5
Total credits 13.5

Semester 7

Course DetailsCredits
R M 412 Actuarial Mathematics IINotes for: R M 412

R M 412

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
R M 430 Life and Health InsuranceNotes for: R M 430

R M 430

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
3
3
General Education Natural Science (GN)

(GN)

3
Total credits 15

Semester 8

Course DetailsCredits
R M 420 Property and Casualty InsuranceNotes for: R M 420

R M 420

Requirements for this course
  • * Course requires a grade of 'C' of better.*
or R M 401 Fundamentals of Private PensionsNotes for: R M 401

R M 401

Requirements for this course
  • * Course requires a grade of 'C' of better.*
3
General Education (GH/GS/GA)

(GH/GS/GA)

3
General Education (GH/GS/GA)

(GH/GS/GA)

3
General Education Natural Science (GN)

(GN)

3
Elective

Elective

2
Health Science/KINES (GHA)

GHA

1.5
Total credits 15.5

Additional Notes

In order to promote student academic success, the Smeal faculty has designated the successful completion of specific "entrance-to-major" courses prior to the beginning of “major field” course work. In order to ensure all students are equally prepared for success, the Smeal College of Business requires that the following “entrance-to-major” courses must be completed at a Penn State campus: Accounting 211, Management 301, Marketing 301, and Finance 301.

Therefore, transfer courses or those designated as direct equivalent courses for the four courses above listed will not be credited toward Smeal entrance-to-major progress.

Please note that pursuant to AACSB accreditation standards, the Smeal College requires that all upper division courses within the departments sponsoring the major be completed in residence at University Park under the instruction of Smeal College faculty.

For example, students in the Acturial Science Option of the Risk Management major must complete in residence with Smeal College faculty all 300 level and above Risk Management courses (or those cross-listed with Risk Management). 

Petitions for hardship exceptions from this policy may be made to the Smeal College of Business Associate Dean for Undergraduate Education. 

Advising Notes:

  • It is highly recommended that students at campuses that do not offer SCM 301 take ENGL 202D in their 4th semester.
  • GWS, GQ, GA, GH, GS, GN and GHA are codes used to identify General Education requirements.
  • US, IL, and US; IL are codes used to designate courses that satisfy University United States/International Cultures requirements.  All students are required to take one IL and one US course before graduation.  A course designated as US; IL may be used as a US OR an IL, not both.
  • W suffix signifies the course satisfies the University Writing Across the Curriculum requirement.

 

Risk Management (R M) with the Actuarial Science Option (ACTSC) – Effective Fall 2015

Requirements for Program Year 2018

Course Descriptions

 

The following bullets will assist students in navigating the Risk Management Actuarial Science option:

  • R M 320W, R M 412, and R M 430 are offered in the fall semester.

  • R M 301, R M 411, R M 401, and R M 420 are offered in the spring semester.

In addition to fulfilling all degree requirements, students pursuing professional certification as an actuary should plan their studies according to the following recommendations:

  • Take STAT (MATH) 414 and RM 297 Concurrently, to help you pass the Society of Actuaries Probability Exam, as soon as you can.

  • Complete STAT 462 and STAT 463 with grades of B- or better to meet the SOA Validation by Educational Experience (VEE) requirement.

 

  1. PRESCRIBED COURSES Take all of the following prescribed courses (18 credits) 

A grade of “C” or better is required in all courses.

      R M 320W – Risk Management and Insurance (3) [Prerequisite: FIN 301 or B A 301; MATH 110 or 140; and SCM 200 or STAT 200]

      R M 410 – Compound Interest and Annuities (3) [Prerequisite STAT (MATH) 414]

      R M 411 – Actuarial Mathematics I (3) [Prerequisite R M 410 and MATH (STAT) 414]

      R M 412 – Actuarial Mathematics II (3) [Prerequisite R M 411]

      R M 430 – Life and Health Insurance (3) [Prerequisite R M 320W]

 

  1. ADDITIONAL COURSES: Risk Management Select three credits from the following (3 credits) 

A grade of “C” or better is required

      R M 401 – Fundamentals of Private Pensions (3) [Prerequisite R M 320W]

      R M 420 – Property and Casualty Insurance (3) [Prerequisite R M 412]

 

C.   ADDITIONAL COURSES: Risk Management Select three credits from the following (3 credits) 

A grade of “C” or better is required

         R M 415 - Modeling for Actuarial Science (3) [Prerequisite R M 410]

         STAT 483 - Statistical Analysis Systems Programming (3) [Prerequisite 3 credits of STAT]


D.  RELATED AREA Take the following MATH/STAT courses (5 credits) A grade of “C” or better is required

     MATH (STAT) 414 – Introduction to Probability Theory (3) [Prerequisite MATH 230 or 231]

     MATH 231 – Calculus of Several Variables (2) [Prerequisite MATH 141 or MATH 141H]

             [Students can take MATH 230 (4) as an alternative to MATH 231]

 

 

The University may make changes in policies, procedures, educational offerings, and requirements at any time.  Please consult a Penn State Academic Advisor for more detailed information.

Legend

# Course is an Entrance-to-Major requirement.
* Course requires a grade of 'C' or better.
† Course satisfies General Education and degree requirements.

Footnotes

Foreign Language 001
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
Foreign LAnguage 002
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.
Foreign Language 003
Students must complete 12th credit level in a foreign language. Credits vary based on skill level.