Hofstras Bachelor of Science in Mathematics with an actuarial science option, or BS in Mathematical Finance can be the ideal starting point for those mathematics majors interested in applying their skills to a career in business and industry. You can also pursue a general mathematics degree, or a more specialized program that focuses on Mathematics with Science Applications.
Our distinguished faculty members provide a thorough education in the mathematical disciplines essential to business. You will also have access to faculty and industry leaders in Hofstra's renowned Frank G. Zarb School of Business, whose real-world insights will prepare you for success in the corporate world.
Hofstra views mathematics as a collaborative venture, not a solitary pursuit. Every faculty member works to develop students' abilities - to not only think mathematically about problems, but to become fluent and precise in expressing mathematical concepts.
Career prospects for math majors vary, depending on the industry and your role. The U.S. Bureau of Labor Statistics projects much faster than average job growth in all math-related occupations. For actuaries, the national median annual income in 2017 was $101,560 and the field is expected to experience a job growth of 22% by 2026, according to federal data.
In addition to traditional math courses, students concentrating in actuarial science can expect to take classes including Applications of Probability to Actuarial Problems and Business Forecasting. Hofstra also offers courses that are approved by the Society of Actuaries that help you prepare for the rigorous exams required for professional licensure.
Those pursuing the BS in Mathematical Finance take calculus, linear algebra and statistics, supplemented with classes in economics and business classes offered by the Math Department and the Zarb School of Business including: Mathematics of Financial Derivatives, Introduction to Econometrics, and Introduction to Computer Concepts and Software Tools in Business.
The department promotes field experience, which is key for employment and when applying to graduate school. Students seeking positions as actuaries or other positions in business and industry find that internships offer real-world experiences beyond the classroom. Examples of places where math students have held internships are Flushing Bank, Amerasia Bank, Northwell Health, PNC Bank, Bitcoin Center NYC, and Heritage Strategies LLC.
Those who plan to pursue advanced degrees in math often benefit from research experience, either working closely with our own faculty or traveling to REU (Research Experience for Undergraduates) programs at locales such as Missouri State, the College of William & Mary, Budapest, Hungary, and more. Recently, with faculty and institutional support, students traveled to academic conferences in Missouri, Colorado, Hawaii, Nebraska, California, and France.
excursions to the movies, to the National Museum of Mathematics, and to meetings with industry leaders in New York City. Some students may be invited to join Pi Mu Epsilon, the mathematics honor society, which can open doors in both education and industry.
Math students are also exposed to a broad range of current research and new ideas through a busy seminar program. Faculty, students and guest lecturers discuss varied topics like: How Aliens Do Math, How Math Theory Can Help Break Up Terror Cells, Confessions of a Sequence Addict, The Many Lives of Lattice Theory, and What Mathematics Can Tell Us About Cancer.
Our students also are encouraged to take part in local and national mathematics competitions. These range from the Department's Problem of the Month competition and annual SCUDEM (Student Competition Using Differential Equations Modeling) to Central Washington University's cipher-breaking Kryptos competition, and the William Lowell Putnam Mathematical Competition, the preeminent mathematics competition for undergraduate college students in the United States and Canada.
Our recent graduates with degrees in math and mathematical finance have found jobs with such organization as Zurich North America, Esurance, American Advisors Group, Inc., Zebra Technology and Nature's Bounty Co.
Other undergraduate degree recipients are pursuing advanced degrees at such institutions as Columbia University, Cornell University, University of Pennsylvania, Harvard University and Yale University.
Hofstra University is an EO/AA/ADA educator and employer and does not discriminate on the basis of race, color, national and ethnic origin, or religion, sex, sexual orientation, gender identity or expression, age, physical or mental disability, marital or veteran status in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs. Hofstra University admits students of any race, color, national, and ethnic origin to all the rights, privileges, programs and activities generally accorded or made available to its students.
This course integrates algebraic concepts, proportions, percents, simple interest, compound interest, annuities, and basic statistics with business/consumer scenarios. It also applies math concepts to the purchasing/buying and selling processes. Emphasis is placed on the use of complex formulas for sinking funds and for present/future value and payments in both the accumulation and distribution phases of an annuity as well as to the development of formulas for business scenarios such as finding effective interest rates and finding the proceeds of a third-party discount.
Topics include: solving linear equations, graphing, percent, proportions, measurement systems, computational geometry, and right triangle trigonometry. Emphasis will be on the application of skills to technical problems. Successful completion of College Technical Mathematics 1A and College Technical Mathematics 1B is the equivalent of College Technical Mathematics 1.
This course is a continuation of College Technical Mathematics 1A. Topics include: performing operations on polynomials, solving quadratic and rational equations, formula rearrangement, solving systems of equations, and oblique triangle trigonometry. Emphasis will be on the application of skills to technical problems. Successful completion of or concurrent enrollment in College Technical Mathematics 1A is required for course enrollment. Successful completion of College Technical Mathematics 1A and College Technical Mathematics 1B is the equivalent of College Technical Mathematics 1. COREQUISITE: 10804113 College Technical Mathematics 1A.
Following an arithmetic review, this course emphasizes those mathematical skills necessary for success in the nursing field and related health occupations. Emphasis will be placed on computational skills and applications of rational numbers; problem solving skills with ratios, proportions, and percents; basic principles and application of algebra, graphing, and statistics; measurement skills in U.S. Customary and Metric systems as well as apothecary and household systems; and the use of calculators as a tool.
Provides an introduction to algebra. Includes operations on real numbers, solving linear equations, percent and proportion, and an introduction to graphing, measurement, geometry and statistics. Prepares students for elementary algebra and subsequent algebra related courses. This course cannot be used to meet any General Studies course requirements for graduation in a program.
This course offers algebra content with applications. Topics include properties of real numbers, order of operations, algebraic solution for linear equations and inequalities, operations with polynomial and rational expressions, operations with rational exponents and radicals, algebra of inverse, logarithmic and exponential functions. PREREQUISITE: 10834109 Pre-Algebra, 10804114 College Technical Mathematics 1B, any associate degree or college parallel level WTCS mathematics course, or additional measures may be considered as determined by the counselor.
Topics include the unit circle, trigonometric functions, graphs, identities, equations, inverse functions, solutions of triangles, complex numbers, polar coordinates, and vectors. Students in this college transfer course will complete a scholarly research/academic assignment. PREREQUISITE: 10804118 Intermediate Algebra with Applications NOTE: This course is recognized for general education transfer as part of the University of Wisconsin (UW) System/Wisconsin Technical College System (WTCS) Universal Credit Transfer Agreement (UCTA).
This course covers practical applications of whole numbers, fractions, decimals, percent, proportion, and formula evaluation. The course also includes measurement, U.S. and metric systems of measurement, and basic geometry.
This course is a continuation of Applied Math. A more thorough coverage of solving equations and rearranging formulas with special applications to formulas used in the mechanical technician programs. Other topics include a study of solid geometry and direct and inverse proportions for work with hydraulics and transmission studies. The course is team-taught with the core instructor and direct application of math skills taught will be assessed in the math class and during time spent with the core instructor. PREREQUISITE: 32804303 Applied Math.
This technical diploma course begins with a short review of basic arithmetic skills and continues with the application of these skills. Problem solving involving fractional and decimal dimensions is emphasized. The course also includes introductory algebra with emphasis on utilization of formulas including work with signed numbers. First-degree equation solution is also emphasized.
Since the profit function is continuous and we have an interval with finite bounds we can find the maximum value by simply plugging in the only critical point that we have (which nicely enough in the range of acceptable answers) and the end points of the range.
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