Actuarial Science degree overview

Bachelor of Science in Business Administration: Actuarial Science Concentration

Master the conceptual framework used to measure and report an organization's financial risk by choosing an online concentration in actuarial studies from Ottawa University.

As a student of this program, learn how to communicate with internal and external stakeholders; develop your problem solving, decision-making and systems analysis skills; and plan within financial, economic, managerial and technological contexts. You’ll also gain a foundation in economics and business ethics.

In addition to core business administration classes, our online Actuary Science degree covers probability and statistics, stochastic processes and risk models, forecasting, micro and macro economics, and more.

Why Study Actuarial Science Online at Ottawa University?

For almost 150 years, Ottawa University has educated students for lifetimes of enlightened faith, exemplary service, inspired leadership, and personal growth and significance. Today, we remain an inclusive learning community grounded in faith and focused on the career needs of the future.

Business Administration Careers and Job Outlook

The U.S. Department of Labor’s Bureau of Labor Statistics projects a 12% increase in positions by 2016. Demand is anticipated to be especially strong for facility managers because businesses increasingly realize the importance of maintaining, securing and efficiently operating their facilities, which are very large investments for most organizations.

Administrative services managers work throughout private industry and government and have a wide range of responsibilities, experience, earnings and education. Like other managers, administrative services managers should be analytical, detail-oriented, flexible, decisive, and have good leadership and communication skills.

If you’re looking into Actuarial Science programs, contact Ottawa University today to learn more about this life-friendly adult education Business Administration degree program.

For curriculum and course descriptions please download a program overview.
For detailed curriculum and more please visit the University Catalog entry for this program.

The curriculum of this program consists of 124 credit hours.

Actuarial Science Concentration Courses

A concentration consists of a minimum of four courses, of which at least 12 semester credits must be upper division. See the course catalog for more information regarding concentrations.
As an Accounting Major, the following Actuarial Science concentration courses are required:

Business Administration Major Courses

Accounting for Business Operations | ACC 20364
Introduces operating activities of business. Emphasis on using income statements to plan and evaluate the operations of a for-profit entity.

Macroeconomics | ECO 20163
Focuses on inflationary consequences of monetary and fiscal policies designed to eliminate poverty and unemployment, significance of money and government deficits on attainment of goals of high employment and economic growth in a non-inflationary environment and role of the dollar in international trade.

Microeconomics | ECO 20263
Study of the role of prices in allocating and developing scarce resources to meet the needs and demands of consumers, the impact of the profit motive on business size and efficiency, the economic power of large-scale business firms, the interplay of private and public choice through price controls, business regulation and taxation.

College Algebra | MAT 10643
College Algebra emphasizes problem solving techniques using algebraic concepts. The focus of the course is directed toward exploring how algebra is used in the social and physical sciences. Topics covered include fundamental concepts of algebra, equations, and inequalities, functions and graphs, systems of linear equations, exponential and logarithmic equations, composition and inverse functions.

Business Statistics | OAD 30763
Focuses on basic methods of research design and analysis of data including descriptive and inferential statistics. Topics include mean, median, mode, frequency distribution, range standard, deviation, probabilities of sampling selection, Z-value, T-value, regression and correlation, hypothesis testing, analysis of variance and Chi-square analysis.

Business Ethics | OAD 31664
Introduces development of personal and group norms required for work places. Topics include moral reasoning in business, employee rights and responsibilities of corporations.

Financing and Investing Activities | ACC 20464
Extension of ACC 20364 Accounting for Business Operations. Planning and evaluation of business operations and acquiring, disposing and financing assets of entity. Time value of money introduced. Emphasis on interpretation and use of the balance sheet and statement of cash flows.

Informatics | MIS 20000
Introduction to the fundamental topics in informatics including a basic understanding of information theory.  Topics include human-computer interaction, ownership of information and information sources, information representation, information life cycle, and the transformation of data to information.
Production Operations Management | OAD 30013
Introduction to the theory and practice of production management as a functional area in the strategic management of operations and manufacturing in domestic and international companies.  Examines problems encountered in planning, operating, and controlling production of goods and services.  Other topics include the two major areas of production and operations management, operation system design, and operation and control of systems.

Management | OAD 30563
Discusses process for managing organizations including planning, organizing, leading and evaluating. Examines administrative role in organizations and concepts relevant to its function and historical development of administrative thought.

Business Law | OAD 31063
Introduces American legal system as it relates to business. Includes contracts, commercial paper, sales, agency, and property.

Principles of Marketing | OAD 31863
Focuses on advanced theoretical concepts of accountancy. Includes measurement and analysis of Analysis of consumer behavior and configuration of target markets. Emphasis on management of organization activities designed to satisfy target market planning, pricing, promotion and distribution of the product or service.

Human Resources Administration | OAD 32563
Continuation of Advanced Accounting focusing on theoretical concepts in accountancy. Includes further analyses of economic data and business ownership and dissolution. Advanced examination of topics in foreign currency transactions and reporting requirements, interim reporting and segment reporting requirements, partnership formation and liquidation, partnership income distribution, public institutions and bankruptcies.

Project Management | OAD 41464
Provides theory and application in project planning, implementation, control and completion. Includes network planning, project evaluation and review techniques (PERT), critical path methods (CPM), management by objectives, management by exception, cost analysis and resource allocation/leveling.

Foundations of Finance | FIN 30000
Foundations of Finance focuses on the analysis of financial information within an enterprise.  Problems and analysis will focus on the financial information related to capital requirements and the relationships of how financial decisions impact both the firm and the shareholder.  Concepts used in FIN 30000 form the foundation of all elective finance courses.  Main topics covered include: time value of money, valuation of stocks and bonds, risk and return, and principles of capital budgeting.  Prerequisites: ACC 20364 Accounting for Business Operations

Strategies and Policies | OAD 49100
Capstone course that guides student to the integration of functional areas of a business firm and analysis of mission and objectives, external environment, and internal strengths and limitations of an organization. Includes formulation of strategies.  Prerequisites: FIN 30000 Foundations of Finance, OAD 30563 Management, and OAD 31863 Marketing.

Download a Program Overview sheet that details the Foundation and Major Course Requirements.

For detailed curriculum and more please visit the Course Catalog entryfor this program.

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