Program Overview

Actuarial Studies Undergraduate Certificate

The Actuarial Studies Undergraduate Certificate is designed to provide the education needed for entry-level employment in the actuarial profession. Actuaries use the tools of economics, finance, and mathematics to evaluate and price risk. They are employed by insurance companies, pension funds, consulting firms, and a variety of other financial institutions. The actuarial profession has consistently been ranked as one of the most desirable professions in which to be employed.

To become an actuary, one must satisfy certain educational requirements, pass exams offered by the Society of Actuaries, and complete professional courses. The Certificate in Actuarial Studies satisfies some of the Validation by Educational Experience requirement of the Society of Actuaries and prepares students to take the first two actuarial examinations (P and FM).

Requirements

Completion of the certificate requires the following courses:

• FINANCE 3500: Financial Management (3 hours)
• FINANCE 3521: Financial Engineering: Applying Derivatives (3 hours)
• MATH 4010: Financial Mathematics I (3 hours)
• MATH 4020: Financial Mathematics II (3 hours)
• MATH 4200: Mathematical Statistics I (3 hours)
• MATH 4210: Mathematical Statistics II (3 hours) Total Hours: 18

Residency Requirement: Of the above required six courses, at least five must be taken at the University of Missouri-St. Louis.

Learning Outcomes

Upon completion of the program, certificate earners will be able to:

• Interpret, formulate, and solve applied problems in probability and statistics.
• Interpret, formulate, and solve applied problems in mathematics relating to annuities, bonds, and derivative investments.