Actuarial Sciences and Economics Concentration

The Bachelor of Science in Actuarial Sciences with an Economics Concentration at California State University offers students a comprehensive education designed to prepare them for successful careers in the fields of actuarial science and economics. This interdisciplinary program combines rigorous coursework in mathematics, statistics, finance, and economics to develop a strong analytical foundation essential for assessing risk, making data-driven decisions, and understanding economic systems. Students will engage with core subject areas such as probability theory, financial mathematics, microeconomics, macroeconomics, and econometrics, gaining valuable skills applicable to insurance, finance, consulting, and government agencies. The curriculum is structured to support students in passing actuarial exams, providing early exposure to the professional standards required in the actuarial industry. In addition to technical expertise, the program emphasizes critical thinking, problem-solving, and effective communication, preparing graduates to analyze complex economic and financial problems and present their findings clearly to diverse audiences. Students have access to state-of-the-art facilities, including dedicated labs and resources for data analysis and modeling. The program also offers opportunities for practical experience through internships, cooperative education, and collaboration with industry partners, facilitating a smooth transition from academic learning to professional employment. With a focus on both theoretical knowledge and practical application, the Actuarial Sciences and Economics Concentration at California State University aims to cultivate highly skilled graduates equipped to meet the evolving challenges of the global financial and economic landscape. Upon graduation, students will be well-positioned to pursue advanced certifications, such as actuarial credentials, or to further their education in graduate programs in economics, finance, or related fields. This program embodies California State University's commitment to providing a high-quality, relevant education that fosters innovation, critical analysis, and leadership in the actuarial and economic sectors.

To graduate, students must complete 120 units minimum (40 units must be upper division) including all General Education (GE) and Graduation Requirements .  The following areas must be included:

Additional Lower Division A-E (GE) Requirements not met within the major

Nine units of Upper Division Upper Division Interdisciplinary GE (UDIGE), courses are numbered 330-349 and 430-449. Six units may be within the major, 3 units must be outside the major (C or better grade). Recommended courses for outside the math major: COMP 447 ,COMP 449 , or PHYS 434 .

Multicultural Requirement (C or better grade)

Language Requirement (C or better grade)

American Institutions Requirement

Free electives as needed to meet minimum units for graduation

The financing studies for the Actuarial Sciences and Economics Concentration at California State University primarily encompass a combination of tuition fees, additional university costs, and potential financial aid options. Undergraduate students enrolled in this concentration are subject to standard CSU tuition rates, which vary depending on residency status. In-state students typically pay lower tuition fees compared to out-of-state students. For the academic year 2023-2024, the estimated tuition for undergraduate students generally ranges around $7,000 to $8,000 per year for in-state students, whereas out-of-state students may pay approximately $17,000 to $19,000 annually. Additional costs such as campus fees, student health insurance, and books are also factors students need to consider, with campus fees averaging around $1,000 to $1,500 per year and health insurance costs varying based on coverage and selections.

Students are encouraged to explore various financial aid options, including federal and state grants, scholarships, work-study programs, and student loans. The Free Application for Federal Student Aid (FAFSA) is essential for determining eligibility for financial assistance. California residents may also benefit from state-specific programs such as the Cal Grant, which can significantly reduce the financial burden. Moreover, various departments and organizations offer scholarships specifically for students pursuing degrees in actuarial sciences and economics, often based on academic achievement or financial need.

Part-time employment on or near campus provides an additional avenue for financing studies, enabling students to earn money while gaining relevant experience. The university's financial aid office offers counseling and resources to help students plan their finances effectively, including budgeting, understanding loan options, and maximizing scholarship opportunities. International students have different financing options, often relying more heavily on scholarships, personal savings, or external funding sources, as federal aid is typically not available for them.

In summary, financing studies in the Actuarial Sciences and Economics Concentration involves a combination of tuition fees, additional university costs, and a variety of financial aid options. Proper planning and utilization of available resources are essential for managing costs and ensuring successful completion of the program.

The Bachelor of Science in Actuarial Sciences with an Economics Concentration at California State University is designed to prepare students for professional careers in the areas of insurance, finance, and risk management. This multidisciplinary program combines rigorous coursework in mathematics, statistics, economics, and business to develop a comprehensive understanding of the principles underlying actuarial analysis and economic decision-making. The curriculum emphasizes both theoretical foundations and practical applications, equipping students with the analytical skills necessary to evaluate risk and forecast economic trends.

Students enrolled in this program will undertake core courses in calculus, probability, and actuarial modeling, alongside specialized classes in microeconomics, macroeconomics, and economic policy. Through internship opportunities and collaboration with industry professionals, students gain real-world experience to complement their academic learning. The program also offers preparation for actuarial certification exams, which are essential for career advancement in the actuarial field. The faculty comprises experienced professors with expertise in mathematics, economics, and actuarial science, dedicated to mentoring students and fostering their professional development.

Graduates from the program are well-positioned for employment in actuarial firms, financial institutions, government agencies, and consulting companies. Many alumni go on to pursue professional actuarial certifications such as the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The program emphasizes skills in quantitative analysis, economic modeling, and data interpretation, all critical for assessing financial risks and making strategic economic decisions. Additionally, students may benefit from networking events, career fairs, and partnerships with local businesses to facilitate employment opportunities after graduation. Overall, the program aims to cultivate competent professionals equipped with the technical knowledge and ethical mindset necessary to excel in actuarial sciences and economics-focused roles.