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2016-2017 University Catalog
Actuarial Sciences Graduate Certificate
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Banner Code: SC-CERG-ACTS
College: College of Science
Department: Mathematical Sciences
The Actuarial Sciences Graduate Certificate is designed to serve students and professionals in the Washington, D.C. area who are interested in pursuing careers as actuaries. The course content provides students with specific training related to the following exams:
- Society of Actuaries (SOA) Exam FM (formerly Course 2)
- SOA Exam MLC (formerly Course 3)
- SOA Exam C (formerly Course 4)
- VEE for applied statistics (formerly part of Course 4)
- Exam EA-1 and EA-2A (for those pursuing EA designation from the U.S. Treasury)
The courses also provide a solid foundation for the corresponding Casualty Actuary Society (CAS) exams. Preparation for the first exam is equivalent to meeting the prerequisites for the certificate courses in the area of probability and statistics.
The Actuarial Sciences Graduate Certificate may only be pursued on a part-time basis.
Admission Requirements
In addition to fulfilling the Graduate Admission Policies , applicants must submit three letters of recommendation. GRE scores are not required.
Students intending to pursue the Actuarial Sciences Graduate Certificate must have three semesters of calculus, a course in linear algebra (equivalent to MATH 203 ), a calculus-based course in probability (equivalent to MATH 351 ), and statistics (equivalent to MATH 352 ). Completion of the SOA Exam P is also sufficient preparation for the certificate program.
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Core Courses (12 credits)
Electives (6 credits)
Choose from the following:
Preparation for the SOA, CAS, and EA Exams
The graduate certificate coursework provides preparation for SOA, CAS, and EA exams as follows:
- MATH 551 is the SOA VEE for Applied Statistics and is preparation for part of the CAS Exam 3
- MATH 554 covers most of the SOA Exam FM material as well as CAS Exam 2 and much of the EA-1 exam
- MATH 555 and MATH 556 cover all of the Exam MLC material and most of the CAS Exam 3L as well as the remainder of the EA-1 exam
- MATH 557 covers all of the SOA EXAM MFE material
- MATH 653 and MATH 654 covers all of the SOA Exam C material as well as CAS Exam 4
- MATH 655 covers all of the EA-2A Exam material
Counting Actuarial Courses for Other Mathematics Degrees
A student enrolled in the Actuarial Sciences Graduate Certificate and another graduate degree program in mathematics can count actuarial mathematics courses toward the master’s or doctoral degree according to the following rules:
- None of the actuarial mathematics courses MATH 551 , MATH 554 , MATH 555 , MATH 556 , MATH 557 , MATH 653 , MATH 654 , MATH 655 , can count toward the Mathematics, PhD .
- None of the actuarial mathematics courses MATH 551 , MATH 554 , and MATH 655 can count toward the Mathematics, MS .
- Up to two of the actuarial mathematics courses MATH 555 , MATH 556 , MATH 653 , and MATH 654 can count toward the Mathematics, MS provided that all other courses counted toward that degree are MATH courses. An exception can be made if the student wishes to count only one actuarial mathematics course from the list toward the Mathematics, MS . In this case, at most one other non-MATH course can be counted toward the degree with approval of the graduate coordinator. An additional exception is made if the student has completed the actuarial sciences certificate before being admitted to the MS degree program: in this case, up to four of these courses can count toward the MS degree.
Counting Actuarial Courses toward the Statistical Science MS Degree
A student enrolled in this certificate and in the Statistical Science, MS can count MATH 555 and MATH 556 as approved non-STAT elective courses and can count MATH 653 and MATH 654 as STAT electives when designing a curriculum for this degree. The full curriculum should be designed in consultation with the student’s Statistics Department advisor.
Certificate Total: 18 credits
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