This program offers students the opportunity to prepare for a career as an actuary. In order to become an actuary, one must pass a number of competency exams in certain disciplines and obtain a number of educational experiences that pertain to the field of actuarial science. These requirements are determined by the Society of Actuaries, the Casualty Actuarial Society, and the Canadian Institute of Actuaries.
You may be wondering, "So what exactly is an actuary?" Actuaries calculate the likelihood of uncertain events, and work to find ways to minimize risk. Actuaries often work in insurance-related fields. In its annual ranking of Best Jobs of 2014, the Wall Street Journal listed Actuary as Number 4 out of 200 careers. We are pleased to now offer a Certificate in Actuarial Sciences program, approved by the Society of Actuaries, the Casualty Actuarial Society, and the Canadian Institute of Actuaries.
The purpose of this program is to prepare students for the Probability (Exam P or Exam 1) and Financial Mathematics (Exam FM or Exam 2) exams and to provide all of the educational experiences listed by the Validation of Educational Experiences (VEE) Requirements to become an actuary. The certificate will only be offered to students earning a degree while completing the requirements for the certificate; the certificate will be awarded at the time of completion of the degree. An official certificate and transcript annotation will be made upon completion of the program. In order to receive the Certificate of Actuarial Sciences, students must earn a grade of B or better in the following courses:
- STAT 3211 - Probability and Statistics Applications I
- STAT 3222 - Probability and Statistics Applications II
- ECON 3050 - Intermediate Macroeconomics
- ECON 3060 - Intermediate Microeconomics
- ECON 3230 - Finance
- ECON 3700 - Econometrics
- MATH 4200 - Actuarial Science Seminar