New Program Request Form for Bachelor and Master’s Degrees
Directions: An institution shall use this form to propose a new bachelor’s or master’s degree program. In completing the form,
the institution should refer to the document Standards for Bachelor’s and Master’s Programs, which prescribes specific
requirements for new degree programs. Note: This form requires signatures of (1) the Chief Executive Officer, certifying
adequacy of funding for the new program; (2) a member of the Board of Regents (or designee), certifying Board approval, and
(3) if applicable, a member of the Board of Regents or (designee), certifying that criteria have been met for staff-level approval.
Note: An institution which does not have preliminary authority for the proposed program shall submit a separate request for
preliminary authority. That request shall address criteria set in Coordinating Board rules Section 5.24 (a).
Information: Contact the Division of Academic Affairs and Research at 512/427-6200 for more information.
Administrative Information
1. Institution: The University of Texas at Dallas
2. Program Name – Show how the program would appear on the Coordinating Board’s
program inventory (e.g., Bachelor of Business Administration degree with a major in
Accounting):
Bachelor of Science in Actuarial Science
3. Proposed CIP Code: 52.1304
4. Brief Program Description – Describe the program and the educational objectives:
The job of an actuary has consistently been ranked by the Wall Street Journal's Jobs Rated
Almanac as the number one or two job in the United States. Actuaries use their statistical,
probabilistic, mathematical, financial, management, economics, and government policy skills to
define, analyze, and solve business problems involving the possible cost of future, and thus
uncertain, events. Professional societies of actuaries administer a series of examinations for
individuals who wish to qualify as an associate or a fellow as proof of their status as an actuary.
While in this program, a student will be prepared to complete at least two associateship exams.
On top of the preparation for these exams, a student will earn all three Validation by Educational
Experience (VEE) credits which are required by actuarial societies in addition to exams.
To give students a rigorous mathematical background, the program includes all major required
courses taken by students with a major in mathematics and statistics. Further, 10 courses
devoted to finance, economics, applied statistics, insurance, and actuarial science are added as
required courses.
Another important part of the proposed program is its prescribed elective courses. Two new
elective classes will help students master the ability to solve actuarial problems in probability
and financial mathematics, and an array of classes offered by The School of Management and
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The School of Economics, Political and Policy Sciences is included.
Actuaries assemble and analyze data to estimate the probability and likely cost of the
occurrence of events such as death, sickness, injury, disability, or loss of property. Actuaries
also address financial and economic questions, including those involving the level of pension
contributions required to produce a certain retirement income and the way in which a company
should invest resources to maximize its return on investments in light of potential risks. Using
their broad knowledge of statistics, finance, economics, insurance, law and business, actuaries
help design insurance policies, pension plans, and other financial strategies in a manner which
will help to ensure that the plans are maintained on a sound financial basis. As a result,
education of future actuaries requires competencies in mathematics, statistics, finance, and
economics.
5. Administrative Unit – Identify where the program would fit within the organizational structure
of the university (e.g., The Department of Electrical Engineering within the College of
Engineering):
The Department of Mathematical Sciences within the School of Natural Sciences and
Mathematics.
6. Proposed Implementation Date – Report the first semester and year that students would
enter the program:
Fall 2009
7. Contact Person – Provide contact information for the person who can answer specific
questions about the program:
Program Information
I.
Need
Note: Complete I.A and I.B only if preliminary authority for the program was
granted more than four years ago. This includes programs for which the
institution was granted broad preliminary authority for the discipline.
A.
Job Market Need – Provide short- and long-term evidence of the need for
graduates in the job market.
T
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C. Enrollment Projections – Use this table to show the estimated cumulative
headcount and full-time student equivalent (FTSE) enrollment for the first five
years of the program. (Include majors only and consider attrition and
graduation.)
e) Projected numbers take into account partition of students into full-time and part time
students, attrition, graduation, transferred, and new-part-time students.
II.
Quality
A.
Degree Requirements - Use this table to show the degree requirements of
the program. (Modify the table as needed; if necessary, replicate the table
for more than one option.)
Semester
Credit
Hours
Category
B.
General Education Core Curriculum
(bachelor’s degree only)
42
Required Courses
66
Prescribed Electives
9
Free Electives
3
Other (Specify, e.g., internships,
clinical work)
(if not included
above)
TOTAL
120
Clock Hours
Curriculum – Use these tables to identify the required courses and
prescribed electives of the program. Note with an asterisk (*) courses that
would be added if the program is approved. (Add and delete rows as
needed. If applicable, replicate the tables for different tracks/options.)
Prefix and
Number
RHET 1302
BA 3311
GOVT 2301
GOVT 2302
ECON 2301
AP 1301
HUMA 1301
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General Education Core Curriculum
Rhetoric
Business Communications
Constitutional Foundations and Political Behavior in the
U.S. And Texas
Political Institutions in the U.S. And Texas
American History
Principles of Macroeconomics
Exploration of the Arts
Exploration of the Humanities
Science with at least 1 hour of laboratory
SCH
3
3
3
3
6
3
3
3
9
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B.S. Actuarial Science
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MATH 2417
MATH 2419
Calculus I
Calculus II
Total General Education Core Curriculum
3(1)
3(1)
42
1-SCH for Calculus I and 1-SCH for Calculus II can be counted as electives.
Prefix and
Number
CS 1337
AIM 2301
ECON 2302
BA 3341
MATH 2418
MATH 2420
MATH 2451
MATH 3310
MATH 3311
MATH 3379
STAT 3355
BA 4346
BA 4354
MATH 4301
MATH 4302
MATH 4334
STAT 4351
STAT 4382
STAT 4372
*STAT 43xx
*STAT 43xx
Prefix and
Number
AIM 2302
AIM 3331
BA 3351
BA 3390
BA 4345
BA 4347
BA 4348
BA 4350
ECON 4330
STAT 4352
*STAT 43xx
*STAT 43xx
Required Courses
SCH
Computer Science I
Introductory Financial Accounting
Principles of Microeconomics
Business Finance
Linear Algebra
Differential Equations with Applications
Multivariate Calculus with Applications
Theoretical Concepts of Calculus
Abstract Algebra I
Complex Variables
Data Analysis for Statisticians and Actuaries
Investment Management
Insurance and Risk Management
Mathematical Analysis I
Mathematical Analysis II
Numerical Analysis
Probability
Stochastic Processes
Actuarial Science
Principles of Actuarial Models
Principles of Actuarial Methods
Total Required Courses Outside the Core
3
3
3
3
4
4
4
3
3
3
3
3
3
3
3
3
3
3
3
3
3
66
Prescribed Elective Courses
Students must take three of the following 13
courses
Introductory Management Accounting
Intermediate Financial Accounting I
Introduction to Management Information Systems
Quantitative Methods in Finance
Financial Markets and Institutions
Applied Corporate Finance
Options and Future Markets
Personal Financial Planning
Law and Economics
Mathematical Statistics
Actuarial Probability as Problem Solving
Actuarial Financial Mathematics as Problem Solving
SCH
9
3
3
3
3
3
3
3
3
3
3
3
3
Advanced Electives (6 hours): All students are required to take at least six hours of
advanced electives outside their major field of study. These must be either upper-division
classes or lower-division classes that have prerequisites.
Prefix and
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Free Elective Courses
SCH
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B.S. Actuarial Science
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Number
Free Elective (subject to advisor's approval)
3
Total semester credit hours: 42+66+9+3=120
Faculty – Use these tables to provide information about Core and Support faculty. Add
an asterisk (*) before the name of the individual who will have direct administrative
responsibilities for the program. (Add and delete rows as needed.)
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