Multidisciplinary Studies Center
Certificate Program in Actuarial Studies
- S.R.S. Rao Poduri, Ph.D. (Harvard), Professor of Statistics and Biostatistics and Chair of the Committee
- Carl Mueller, Ph.D. (Berkeley), Professor of Mathematics
The College offers a Certificate in Actuarial Studies for students contemplating a career in the insurance industry. The program is supervised by a faculty committee of representatives from the Departments of: Statistics, Mathematics, and Economics, with one member designated as Program Adviser, and administered through the Multidisciplinary Studies Center, Dewey 4209-B. Ordinarily, interested students should apply by spring semester of their junior year.
- 5 Core courses:
- STT 212 Applied Statistics for the Biological and Physical Sciences I
ECO 231 Econometrics (Prerequisite: ECO 207; ECO 230, STT 213 or MTH 203)
- MTH/STT 201 Introduction to Probability (Prerequisites: MTH 162 or equivalent; MTH 164 recommended)
- MTH/STT 203 Introduction to Mathematical Statistics (Prerequisite: MTH/STT 201 or equivalent)
- MTH 165 Linear Algebra with Differential Equations (Prerequisite: MTH 162 or equivalent)
- FIN 205 Financial Management
MTH 210 Introduction to Financial Mathematics
- Additional Courses—2 from the following list:
- MTH 202 Introduction to Stochastic Processes (Prerequisite: MTH/STT 201)
- MTH 208 Operations Research I
- MTH/STT 280 Introduction to Numerical Analysis (Prerequisite: MTH 162 or equiv.)
- STT 216 Applied Statistics II (Prerequisites: STT 211, 212, 213 or equiv.)
- STT 221 Sampling Techniques (Prerequisites: STT 211, 212, or 213)
- 1 or more from either the list above, the following list, or an approved substitute:
- ECO 236 Economics of Health (Prerequisites: ECO 207)
- Independent Study (Approved by the Certificate Program Adviser)
For certification, students must complete course requirements with a GPA of at least 2.5. None of the certificate courses may be taken satisfactory/fail.
In addition, some proficiency in a high-level computer language is required. Examples of some of the courses that may be used to satisfy the computing requirement: CSC 170 or CSC 171.
Please note: Course substitutions may be possible with the Program Adviser’s approval.
At graduation, students successfully completing the Actuarial Studies Program will receive a certificate at their departmental diploma ceremony.
Many insurance companies offer summer internships for students contemplating the actuarial profession; such an internship may provide important additional training (as well as summer income).
The Society of Actuaries is the professional organization of Actuaries in the United States and Canada. To learn more about what an actuary is and how to get started, click here. To become an Associate Member of the Society, one must pass a series of examinations. Some or all of these may be taken while employed, or after college graduation; some may be taken while still a student.
The first examination is in Probability. View more information about the exams »».
Certificate students could and are strongly encouraged to take the first two examinations before, or upon, graduation. The exams are given three times a year: February, May and November.