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Bachelor of Science in Actuarial Science and Financial Mathematics

Description

Actuarial Science and Financial Mathematics program manages risk in the financial and government sector and industries. The curriculum particularly focuses on analyzing risk data and making informed decisions from it. It is a multidisciplinary study that combines four major areas (Mathematics, Statistics, Finance, and Insurance) into one.

A graduate of the program is able to contribute to all areas of Saudi Arabian and international financial sectors as well as government sectors where the objective of minimization of risk is the main daily focus.

Program Educational Objectives

The objective of the BS program in Actuarial Science and Financial Mathematics is to prepare students for a career as an actuary or financial risk manager. In addition, the program also prepares the students for international professional society examinations. The program has a good balance of theory, applications and data analysis, as well as carefully selected sequences of courses from computer science, economics, accounting, mathematics, statistics, finance, and risk management. This interdisciplinary approach is meant to make the program flexible and give the students a broad based education. The program also prepares students for further graduate study in any area of Applied Mathematics, Statistics, Actuarial Science, Finance, or Business.

Department Mathematics Department

Every student of Bachelor of Science in Actuarial Science and Financial Mathematics program must complete the following curriculum

Title	Courses	Credit Hours
General Studies Requirements
English	ENGL 101, 102, 214	9
Islamic & Arabic Studies	IAS 111, 121, 212, xxx	8
Global Studies	GS xxx	3
Career Essentials	CGS 392	1
Physical Education	PE 101	1
Total		22
Digital/Business Foundation
Title	Courses	Credit Hours
Intro. to Programm. in Python & C	ICS 104	3
Introduction to Data Science	ISE 291	3
Intro. to Artificial Intelligence	COE 292	3
Business & Entrepreneurship	BUS 200	3
Total		12
Math & Science Requirements
Title	Courses	Credit Hours
Math	MATH 101, 102, 201, 208	14
Total		14
Economics & Accounting
Title	Courses	Credit Hours
Accounting	ACCT 110, 210	6
Economics	ECON 101, 102	6
Total		12
Core Requirements
Title	Courses	Credit Hours
Mathematics of Financial Derivatives	AS 251	3
Actuarial Science Problem Lab	AS 289, 389	2
Actuarial Contingencies	AS 380, 481	7
Actuarial Risk Theory and Credibility	AS 484	4
Financial Management	FIN 250	3
Investments	FIN 320	3
Islamic Finance	FIN 440	3
Intro. to Numerical Computing	MATH 371	3
Statistical Methods for Actuaries	STAT 214	4
Introduction to Probability Theory	STAT 301	3
Statistical Inference	STAT 302	3
Regression Analysis	STAT 310	3
Stochastic Processes for Actuaries	STAT 416	3
Time Series	STAT 460	3
Financial Mathematics	AS 201	3
Total		50
Electives
Title	Courses	Credit Hours
Technical Elective	One Course from STAT xxx, MATH xxx, FIN 3/4xx, ICS xxx, or ISE xxx	3
AS Electives	Two AS xxx Courses from AS 450, 460, 476, 490, 491, STAT 436	6
Total		9
Internship
Title	Courses	Credit Hours
Internship	AS 398	6
Total		6
Total Credit Hours: 125

Course	Title	LT	LB	CR
Freshman Semester 1
ECON 101	Principles Of Microeconomics	3	0	3
ENGL 101	Introduction to Academic Discourse	3	0	3
ACCT 110	Introduction to Financial Accounting	3	0	3
IAS 121	Language Foundation	2	0	2
MATH 101	Calculus I	4	0	4
PE 101	Health & Physical Education I	0	2	1
Total		15	2	16
Freshman Semester 2
Course	Title	LT	LB	CR
ECON 102	Principles of Macroeconomics	3	0	3
ENGL 102	Introduction to Argument Writing	3	0	3
ACCT 210	Introduction to Managerial Accounting	3	0	3
IAS 111	Belief and its Consequences	2	0	2
MATH 102	Calculus II	4	0	4
ICS 104	Introduction to Programming in Python and C	2	3	3
Total		17	3	18
Sophomore Semester 1
Course	Title	LT	LB	CR
BUS 200	Business & Entrepreneurship	3	0	3
AS 201	Financial Mathematics	3	0	3
ISE 291	Introduction to Data Science	3	0	3
IAS 212	Ethics and Governance	2	0	2
MATH 201	Calculus III	3	0	3
STAT 214	Actuaries and Business Statistics	3	2	4
Total		17	2	18
Sophomore Semester 2
Course	Title	LT	LB	CR
FIN 250	Financial Management	3	0	3
AS 289	Actuarial Science Problem Lab I	0	2	1
AS 251	Maths of Financial Derivatives	2	2	3
MATH 208	Introduction to Differential Equations & Linear Algebra	3	0	3
STAT 301	Introduction to Probability Theory	3	0	3
ENGL 214	Academic & Professional Communication	3	0	3
Total		14	4	16
Junior Semester 1
Course	Title	LT	LB	CR
FIN 320	Investments	3	0	3
AS 380	Actuarial Contingencies I	2	2	3
MATH 371	Introduction to Numerical Computing	2	2	3
CGS 392	Career Essentials	0	2	1
STAT 302	Statistical Inference	3	0	3
STAT 310	Regression Analysis	3	0	3
Total		13	6	16
Junior Semester 2
Course	Title	LT	LB	CR
AS 398	Internship	0	0	6
Total		0	0	6
Senior Semester 1
Course	Title	LT	LB	CR
STAT 416	Stochastic Processes for Actuaries	3	0	3
AS 389	Actuarial Science Problem Lab II	0	2	1
AS 484	Actuarial Risk Theory and Credibility	3	2	4
COE 292	Introduction to Artificial Intelligence	3	0	3
AS xxx	AS Elective I	3	0	3
GS xxx	GS Elective	3	0	3
Total		15	4	17
Senior Semester 2
Course	Title	LT	LB	CR
XXX xxx	Technical Elective	3	0	3
AS 481	Actuarial Contingencies II	3	2	4
FIN 440	Islamic Finance	3	0	3
STAT 460	Time Series	3	0	3
AS xxx	AS Elective II	3	0	3
IAS xxx	Islamic/Arabic Elective	2	0	2
Total		17	2	18
Total Credit Hours: 125

Course	Title	LT	LB	CR
Freshman Semester 1
ECON 101	Principles Of Microeconomics	3	0	3
ENGL 101	Introduction to Academic Discourse	3	0	3
ACCT 110	Introduction to Financial Accounting	3	0	3
IAS 121	Language Foundation	2	0	2
MATH 101	Calculus I	4	0	4
PE 101	Health & Physical Education I	0	2	1
Total		15	2	16
Semester 2
Course	Title	LT	LB	CR
ECON 102	Principles of Macroeconomics	3	0	3
ENGL 102	Introduction to Argument Writing	3	0	3
ACCT 210	Introduction to Managerial Accounting	3	0	3
IAS 111	Belief and its Consequences	2	0	2
MATH 102	Calculus II	4	0	4
ICS 104	Introduction to Programming in Python and C	2	3	3
Total		17	3	18
Total Credit Hours: 34

Course	Title	LT	LB	CR
Sophomore Semester 1
BUS 200	Business & Entrepreneurship	3	0	3
AS 201	Financial Mathematics	3	0	3
ISE 291	Introduction to Data Science	3	0	3
IAS 212	Ethics and Governance	2	0	2
MATH 201	Calculus III	3	0	3
STAT 214	Actuaries and Business Statistics	3	2	4
Total		17	2	18
Semester 2
Course	Title	LT	LB	CR
FIN 250	Financial Management	3	0	3
AS 289	Actuarial Science Problem Lab I	0	2	1
AS 251	Maths of Financial Derivatives	2	2	3
MATH 208	Introduction to Differential Equations & Linear Algebra	3	0	3
STAT 301	Introduction to Probability Theory	3	0	3
ENGL 214	Academic & Professional Communication	3	0	3
Total		14	4	16
Total Credit Hours: 34

Course	Title	LT	LB	CR
Junior Semester 1
FIN 320	Investments	3	0	3
AS 380	Actuarial Contingencies I	2	2	3
MATH 371	Introduction to Numerical Computing	2	2	3
CGS 392	Career Essentials	0	2	1
STAT 302	Statistical Inference	3	0	3
STAT 310	Regression Analysis	3	0	3
Total		13	6	16
Semester 2
Course	Title	LT	LB	CR
AS 398	Internship	0	0	6
Total		0	0	6
Total Credit Hours: 22

Course	Title	LT	LB	CR
Senior Semester 1
STAT 416	Stochastic Processes for Actuaries	3	0	3
AS 389	Actuarial Science Problem Lab II	0	2	1
AS 484	Actuarial Risk Theory and Credibility	3	2	4
COE 292	Introduction to Artificial Intelligence	3	0	3
AS xxx	AS Elective I	3	0	3
GS xxx	GS Elective	3	0	3
Total		15	4	17
Semester 2
Course	Title	LT	LB	CR
XXX xxx	Technical Elective	3	0	3
AS 481	Actuarial Contingencies II	3	2	4
FIN 440	Islamic Finance	3	0	3
STAT 460	Time Series	3	0	3
AS xxx	AS Elective II	3	0	3
IAS xxx	Islamic/Arabic Elective	2	0	2
Total		17	2	18
Total Credit Hours: 35

Actuarial Science and Financial Mathematics

Program Search

Bachelor of Science in Actuarial Science and Financial Mathematics

Description

Program Educational Objectives

General Studies Requirements

Digital/Business Foundation

Math & Science Requirements

Economics & Accounting

Core Requirements

Electives

Internship

Freshman

Semester 1

Freshman

Semester 2

Sophomore

Semester 1

Sophomore

Semester 2

Junior

Semester 1

Junior

Semester 2

Senior

Semester 1

Senior

Semester 2

Freshman

Semester 1

Semester 2

Sophomore

Semester 1

Semester 2

Junior

Semester 1

Semester 2

Senior

Semester 1

Semester 2