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Actuarial Science,
Certificate
LAACTCERT
Actuary, Analytics, Consulting, Data Science, Probability, Risk, insurance, predictive analytics
Do you want to use your math and analytical skills to make a positive impact? You can help people and organizations plan for the future and protect themselves from loss. Actuaries participate in high-level business decision-making and solve problems in every industry.
Description
▲
Actuarial science is an area of mathematical and statistical science that requires expertise in specializations of probability and interest theory, coupled with a strong foundation in accounting, finance and economics.
This certificate provides students with preparation for professional actuarial credentialing exams offered by the Society of Actuaries and the Casualty Actuarial Society.
The certificate requires a minimum of 18 credit hours, of which at least 12 credit hours must be upper division. Specific minimum course grades are required for each course, see notes below.
Required Courses -- 12 credit hours
A grade of "B" (3.00 on a 4.00 scale) or better is required for ACT 201, ACT 410 and ACT 415. A grade of "C" (2.00 on a 4.00 scale) or better is required for ACT 440 or ACT 450.
Electives (choose two courses) -- 6 credit hours
A grade of "B" (3.00 on a 4.00 scale) or better is required in the following courses: ACT 420, ACT 430, ACT 435.
A grade of "C" (2.00 on a 4.00 scale) or better is required in the following courses: ACT 440, ACT 441, ACT 450, ACT 451.
Prerequisite courses may be needed in order to complete the requirements of this certificate.
Enrollment requirements
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Although no specific degree is required for admission to the actuarial science certificate program, a strong mathematical background is essential (found in majors such as mathematics, statistics, engineering and natural sciences). Students with a major or degree other than those listed require additional preparation beyond the certificate. Students are required to have a minimum cumulative GPA of 3.00 (scale is 4.00 = "A") and grades of "B" or better in courses of multivariate calculus, linear algebra and introductory statistics at ASU or an equivalent institution.
A student pursuing an undergraduate certificate must be enrolled as a degree-seeking student at ASU. Undergraduate certificates are not awarded prior to the award of an undergraduate degree. A student already holding an undergraduate degree may pursue an undergraduate certificate as a nondegree-seeking graduate student.
Program learning outcomes▲
Program learning outcomes identify what a student will learn or be able to do upon completion of their program. This program has the following program outcomes:
- Identify the proper mathematical and statistical theories that may be applied to analyze actuarial data and draw analytical conclusions in a professional environment
- Use mathematical and statistical theories to demonstrate mastery of analytical decision making based on both qualitative and quantitative data.
Risk is a part of daily life, and wherever there is risk, there are opportunities for actuarial intervention. Many actuaries calculate premiums at insurance companies, determine reserves needed to ensure an organization's financial health, and ensure that organizations conform to stringent, complex legal mandates. Others help companies to establish retirement plans or are employed as consultants.
Graduates with a certificate in actuarial science possess skills that are transferable to any industry and any organization that requires risk modeling and management, including:
- colleges and universities
- consulting firms
- energy and environmental companies
- financial services
- government agencies
- insurance companies
- retirement and pension companies
- transportation companies
Graduates also can apply the advanced problem-solving skills learned in the actuarial science certificate program to a variety of other professional positions, including:
- analyst
- business operations specialist
- teacher
What are accelerated programs?
Accelerated programs allow students the opportunity to expedite the completion of their degree.
3 year programs
These programs allow students to fast-track their studies after admission and earn a bachelor's degree in three years or fewer while participating in the same high-quality educational experience of a 4-year option. Students should talk to their academic advisor to get started.
Accelerated master's
These programs allow students to accelerate their studies to earn a bachelor's plus a master's degree in as few as five years (for some programs).
Each program has requirements students must meet to be eligible for consideration. Acceptance to the graduate program requires a separate application. Students typically receive approval to pursue the accelerated master’s during the junior year of their bachelor's degree program. Interested students can learn about eligibility requirements and
how to apply.
What are concurrent programs?
Concurrent degrees allow students to pursue their own personal or professional interests, earn two distinct degrees and receive two diplomas. To add a concurrent degree to your existing degree, work with your academic advisor.
What are joint programs?
Joint programs, or jointly conferred degrees, are offered by more than one college and provide opportunities for students to take advantage of the academic strengths of two academic units. Upon graduation, students are awarded one degree and one diploma conferred by two colleges.
What constitutes a new program?
ASU adds new programs to Degree Search frequently. Come back often and look for the “New Programs” option.
What are online programs?
ASU Online offers programs in an entirely online format with multiple enrollment sessions throughout the year. See
https://asuonline.asu.edu/ for more information.
What is the Western Undergraduate Exchange (WUE)?
The Western Undergraduate Exchange (WUE) is a program in which residents of western states (other than Arizona) may be eligible for reduced nonresident tuition. See more information and eligibility requirements on the
Western Undergraduate Exchange (WUE) program.
Students from western states who select this major may be eligible for a reduced nonresident tuition rate of 150 percent of Arizona resident tuition plus all applicable fees. See more information and eligibility requirements on the Western Undergraduate Exchange (WUE) program
Web site.
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A minor is an approved, coherent focus of academic study in a single discipline, other than the student's major, involving substantially
fewer hours of credit than a corresponding major.
Certain major and minor combinations may be deemed inappropriate either by the college or department of the major or minor.
This is only the first required math course. This program may contain additional math courses; See Major Map for details.
The level of intensity represents a measure of the number and academic rigor of math courses required.
The level of intensity represents a measure of the number and academic rigor of math courses required. Courses included in the General level: MAT 142
The level of intensity represents a measure of the number and academic rigor of math courses required. Courses included in the Moderate level: MAT 117, MAT 119, MAT 170, MAT 210, SOS 101, CPI 200
The level of intensity represents a measure of the number and academic rigor of math courses required. Courses included in the Substantial level: MAT 251, MAT 265. MAT 266, MAT 267, MAT 270, MAT 271, MAT 272, MAT 274, MAT 275
Students pursuing concurrent degrees earn two distinct degrees and receive two diplomas. ASU offers students two ways to earn concurrent degrees: by choosing a predetermined combination or creating their own combination. Predetermined combinations have a single admissions application and one easy to follow major map. To add a concurrent degree to your existing degree, work with your academic advisor. Either way, concurrent degrees allow students to pursue their own personal or professional interests.
Concurrent degree programs are specially designed academic programs which provide high-achieving undergraduate students the opportunity to complete two distinct but complementary bachelor degrees at the same time. Students must meet minimum admissions standards for both programs and be accepted individually by both colleges offering the concurrent program.
Concurrent degree programs are specially designed academic programs which provide high-achieving graduate students the opportunity to complete two distinct but complementary graduate degrees at the same time. Students must meet minimum admissions standards for both programs and be accepted individually by both colleges offering the concurrent program.
Accelerated bachelor's plus master's degree programs are designed for high-achieving undergraduate students who want the opportunity to share undergraduate coursework with graduate coursework to accelerate completion of their master's degree. These programs feature the same high-quality curriculum taught by ASU's world-renowned faculty.
Accelerated bachelor's plus master's degree programs are designed for high-achieving undergraduate students who want the opportunity to share undergraduate coursework with graduate coursework to accelerate completion of their master's degree. These programs feature the same high-quality curriculum taught by ASU's world-renowned faculty.
A rolling deadline means that applications will continue to be reviewed on a regular basis until the semester begins. International students should be mindful of visa deadlines to ensure there is time to produce necessary visa documents. Applicants are encouraged to complete and submit application materials as soon as possible for consideration.
A final deadline means that all applications and application materials must be received by Graduate Admissions by the deadline date. Applications that are incomplete may not be considered after the final deadline. Applications that are submitted past the final deadline may not be considered.
A priority deadline means that applications submitted and completed before the priority deadline will receive priority consideration. Applications submitted after the priority deadlines will be reviewed in the order in which they were completed and on a space available basis. An application is complete after all materials are received by Graduate Admissions.
