UCC/UGC/ECCC
Proposal for New Academic Plan
If this new plan is not listed in the current NAU academic program inventory, then you must
first complete the “Proposal to establish a New Degree” form.
All Plans with NCATE designation, or plans seeking NCATE designation, must include an
NCATE Accreditation Memo of Approval from the NAU NCATE administrator prior to college
curricular submission.
UCC proposals must include an 8-term plan.
UGC proposals must include a program of study.
1. College:
3.
Academic
Name:
2. Academic Unit:
CEFNS
Mathematics & Statistics
Plan
5. Plan proposal:
Minor in Actuarial Science
New Plan
4. Emphasis:
New Emphasis
6. Justification for the new plan or certificate, including how the need for the plan was determined.
Please also address how it is designed to meet local market, professional requirements, employment
opportunities, or other needs.
The department is aware of a substantial number of students interested in careers in the actuarial
profession. With the deletion of our extended major that had an actuarial emphasis several years
ago, there is currently no programmatic identification of the appropriate preparation for such a career.
This minor program will serve to identify the academic background suggested as a start for career
preparation and will serve as encouragement for interested students to strengthen their preparation in
the right areas. Currently, without an identifiable program, we find that students may miss essential
components which are difficult to accomplish outside an academic setting.
7. Student learning outcomes of the plan. If structured as plan/emphasis, include for both core and
emphasis. (Resources, Examples & Tools for Developing Effective Program Student Learning Outcomes).
Not required for a minor program.
8. Academic Catalog text and requirements:
8a. Text to be displayed on the Career tab in the academic catalog (max 3 paragraphs):
What Can I Do With A Minor In Actuarial Science?
Effective Fall 2012
Actuary is consistently rated as one of the top professions, based on job satisfaction, pay, and other
features. Actuaries typically enjoy challenges and problem solving. The work of an actuary involves
the quantitative analysis of risk, and managing risk by analyzing the likelihood of future events,
especially undesirable events, finding ways to reduce the likelihood of those events, and reducing the
effects of undesirable events. Typical employers include companies in the insurance industry.
Note: If you want to minor in Actuarial Science, you must consult with one of the Mathematics and
Statistics faculty members in addition to being admitted to the university.
8b. Text to be displayed on the Overview tab in the academic catalog (max 3 paragraphs):
In addition to University Requirements:

Complete individual plan requirements.
Please note that you may be able to use some courses to meet more than one requirement. Contact your advisor
for details.
Minimum Units for Completion 21
GPA
C
Mathematics Required
MAT 480
8c. Plan requirements to be displayed on the “Details” tab in the academic catalog. If the plan
requires an emphasis, include summary text for each emphasis:
Minor Requirements
Take the following 21 units with a Grade of "C" or better:
o
o
o
STA 471, STA 473, STA 477 (9 units)
Two of MAT 462 (or MAT 562), MAT 480 (or MAT 580), MAT 565 (6 units)
FIN 311, FIN 331 (6 units)
A Mathematics major may earn a Minor in Actuarial Science, but at least half the credits (essentially 12 units)
in the minor must be courses that are not used to fulfill the student's Mathematics Major requirements.
Students pursuing a career as an actuary are advised to take ECO 284 and ECO 285 as part of their liberal
studies requirements.
Be aware that some courses may have prerequisites that you must also take. For prerequisite information click
on the course or see your advisor.
8d. Attributes to be displayed on the Overview tab in the academic catalog:
Required
Additional
Admission
Effective Fall 2012
Not Required
Requireme
Additional
Admission
Optional
Requireme
Additional
Admission
Recommended
Requireme
Additional
Admission
Requireme
nt
nt
Additional Fees/Program Fees
Arizona
ment
Certification/Endorse
Comprehensive Exam
nt
Additional Fees/Program Fees
Arizona
ment
Certification/Endorse
Comprehensive Exam
nt
Additional Fees/Program Fees
Arizona
ment
Certification/Endorse
Comprehensive Exam
Additional Fees/Program Fees
Arizona
ment
Certification/Endorse
Comprehensive Exam
Dissertation
Dissertation
Dissertation
Dissertation
Emphasis, Minor, Certificate
Emphasis, Minor, Certificate
Emphasis, Minor, Certificate
Emphasis, Minor, Certificate
Fieldwork Experience
Fieldwork Experience
Fieldwork Experience
Fieldwork Experience
Foreign Language
Foreign Language
Foreign Language
Foreign Language
Legislative Internship
Legislative Internship
Legislative Internship
Legislative Internship
Oral Defense
Oral Defense
Oral Defense
Oral Defense
Research
Research
Research
Research
Study Abroad
Study Abroad
Study Abroad
Study Abroad
Student
Teaching/Supervised
g
Thesis
Teachin
Student
Teaching/Supervised
g
Thesis
9. NCATE designation, if applicable:
Initial Plan
Teachin
Student
Teaching/Supervised
g
Thesis
Advanced Plan
Teachin
Student
Teaching/Supervised
g
Teachin
Thesis
Remove Designation
10. Effective beginning FALL:
2015
See effective dates calendar
11. Will this proposal impact other plans, sub plans, or course offerings, etc.?
Yes
No
If yes, describe the impact. If applicable, include evidence of notification to and/or response from
each impacted academic unit.
Some of students will take FIN 311 and FIN 331 to complete this minor. This is already the case, but
the establishment of the minor cause a modest increase.
See attached support from: FIN
Answer 12-13 for UCC/ECCC only:
12. A major is differentiated from another major by required course commonality: 24 units of
the
required credit hours of a major must be unique, (i.e. not common or not dual use as a
required
element in another major), to that major. Does this plan have 24 units of unique
required
credit?
Yes
No
13. Minor: A planned group of courses from one or more subject matter areas consisting of at
least
18 hours and no more than 24 hours. At least 12 hours of the minor must be unique to
that minor
to differentiate it from
other minors.
Does this minor have 12 units of unique required credit?
Yes
No
Answer 14-15 for UGC only:
Effective Fall 2012
14. If this is a non-thesis plan, does it require a minimum of 24 units of formal graded
coursework?
Yes
No
If no, explain why NAU should establish the plan.
15. If this is a thesis plan, does it require a minimum of 18 units of formal graded
coursework?
Yes
No
If no, explain why NAU should establish the plan.
FLAGSTAFF MOUNTAIN CAMPUS
Scott Galland
Reviewed by Curriculum Process Associate
12/17/2014
Date
Approvals:
Department Chair/Unit Head (if appropriate)
Date
Chair of college curriculum committee
Date
Dean of college
Date
For Committee use only:
UCC/UGC Approval
Approved as submitted:
Approved as modified:
Date
Yes
Yes
No
No
EXTENDED CAMPUSES
Reviewed by Curriculum Process Associate
Date
Approvals:
Academic Unit Head
Effective Fall 2012
Date
Division Curriculum Committee (Yuma, Yavapai, or Personalized Learning)
Date
Division Administrator in Extended Campuses (Yuma, Yavapai, or Personalized
Learning)
Date
Faculty Chair of Extended Campuses Curriculum Committee (Yuma, Yavapai, or
Personalized Learning)
Date
Chief Academic Officer; Extended Campuses (or Designee)
Date
Approved as submitted:
Approved as modified:
Effective Fall 2012
Yes
Yes
No
No