Actuarial Science Graduate Certificate Programs

Updated: Sep 29, 2021

Actuarial Science is an applied science used in financial services to calculate risk. These skills are most useful in insurance, but have investment uses as well. It applies mathematics (statistics, mostly) to understand the relative risk of any investment, including retail banking.

As it is a niche skill, students considering a career in financial risk assessment should pursue an online Actuarial Science Graduate Certificate. It is a great qualification for learning specialty skills in finance and taking statistics and math knowledge to advanced levels.

What Are the Online Actuarial Science Graduate Certificate Requirements?

Colleges and universities offering Actuarial Science Graduate Certificates will request qualifying attributes for prospective students. These will vary by school, but tend to include:

  • A minimum GPA of 3.0. Some may go higher – 3.25 or up to 3.5
  • A master's degree in a relevant subject such as mathematics or statistics
  • Official transcripts from all colleges attended, plus evidence of accreditation
  • Applicants from non-native English-speaking countries must provide proof of proficiency. Acceptable certification standards are PTEA, TOEFL, and IELTS. The college may also accept ELS 112 but not all recognize this
  • Letters of recommendation: typically two, although some may request three. Academic references are preferred; some may be happy with work references where there is extensive experience
  • The application fee (non-refundable)
  • An essay or personal statement explaining why you wish to study this subject at this institution

What Type of Classes Are Included in the Online Actuarial Science Graduate Certificate Curriculum?

Students can often complete their actuarial science grad cert in just a few semesters. Actuarial science graduate certificate programs have several mandatory courses and some optional choices that students may use to tailor to their strengths and interests. These may include:

  • Applied Probability
  • Probability Theory
  • Actuarial Mathematics
  • Applied Mathematical Statistics
  • Statistical Theory
  • Time Series Analysis
  • Introduction to Economics
  • Elementary Econometrics
  • Financial Mathematics
  • Statistics for Risk Modelling
  • Investment & Financial Markets
  • Economic Forecasting
  • Mathematical Theory of Interest
  • Actuarial Mathematics for Life Contingencies
  • Advanced Microeconomic Theory
  • Advanced Macroeconomic Theory
  • Data Mining Techniques

Due to the nature of this qualification, you may be asked to pass exams as part of the grade.

What Type of Career Can I Pursue with an Online Actuarial Science Graduate Certificate?

Those with a passion and skill for finance and mathematics can find several doors open to them with an online actuarial science graduate certificate. Career options often include:

  • Actuary: This is a broad job with applications in investment banking, retail banking, insurance, corporate financing, pensions, and insurance & life assurance.
  • Actuarial Consultant: Help financial service investors plan their investments and calculate risks. This is an independent role. Use statistics and theory to work out possible outcomes of investment.
  • Insurance Actuarial Analyst: This is the major destination for most graduates. It calculates risk for premium costs and involves financial planning for the insurance providers.
  • Insurance Underwriter: These professionals investigate insurance policy applications to determine whether the provider should accept an application.
  • Investment Analyst: While most look at the risk of certain investments or policies, an investment analyst works for a business or as an independent to examine and advise about investments.
  • Economist: Work for state or Federal government, or in individual communities advising on the state of an economy. Economists do not necessarily offer investment advice.

Actuarial Science Graduate Certificate Programs List

Interested in an actuarial science graduate certificate program? Check out our listings below to find a traditional, online, or hybrid program near you.

California

SchoolLocationDetails
California State University-San BernardinoSan Bernardino, CAIntroductory Actuarial Science

Colorado

SchoolLocationDetails
University of Colorado BoulderBoulder, COActuarial Studies and Quantitative Finance

Florida

SchoolLocationDetails
Florida Atlantic UniversityBoca Raton, FLActuarial Science
Florida International UniversityMiami, FLActuarial Studies

Georgia

SchoolLocationDetails
University of GeorgiaAthens, GAActuarial Science

Michigan

SchoolLocationDetails
Central Michigan UniversityMount Pleasant, MIActuarial Science

Minnesota

SchoolLocationDetails
St. Cloud State UniversitySaint Cloud, MNActuarial Science

Pennsylvania

SchoolLocationDetails
Temple UniversityPhiladelphia, PAHybrid - Actuarial Science
University of PennsylvaniaPhiladelphia, PAActuarial Science

Do we need to add to or update any of the information listed? Please contact us so we can keep our site updated.

Other Related Certificate Programs