Print this page


Actuarial Science, Graduate Certificate

Minimum Totals for Graduation: 15 - 16 hours

The Graduate Certificate in Actuarial Science is designed for students interested in a career in risk management. Students take courses that prepare them to take several Society of Actuaries (SOA) professional exams (Exam P, Exam FM, Exam MLC, Exam MFE). The program also offers courses for Validation by Education Experience (VEE) credit. Students must consult with their Academic Advisor prior to registration.

Admission Requirements, Retention & Termination Standards

  1. Applicants must meet all CMU Graduate Studies admission requirements. International students should take note of any special admission considerations required by the College of Graduate Studies, including TOEFL requirements.
  2. Applicants must hold at least a four year undergraduate degree or equivalent degree from a college or university of recognized standing.
  3. Applicants must have completed a minimum of 13 semester hours of mathematics and/or statistics courses that include Multivariate Calculus (equivalent to MTH 233) and one course in statistics or probability. A grade point average of 3.0 in mathematics and statistics course work is required.
  4. Applicants must submit a Statement of Purpose of at least 100 words and not to exceed two pages. The Statement of Purpose should explain their relevant academic and professional experiences, discuss motivation for applying to the program, and describe their goals after completing the program.
  5. The consideration of admission deadline is the same as the University policy as specified in the Graduate Bulletin.

Retention Requirement: To be retained in the program, the requirement is the same as that provided by the College of Graduate Studies.

Transfer Credits: Not Applicable.

Program Requirements

Required Courses (6-7 hours)

Select at least two Exam prep courses:

ACT 539Probability Foundations of Actuarial Science


ACT 540Mathematical Theory of Interest


ACT 541Actuarial Mathematics for Life Contingencies I


ACT 542Actuarial Mathematics for Life Contingencies II


ACT 543Mathematics of Financial Models


Electives (9 hours)

Select nine hours from the following:

ECO 532Economic Forecasting


ECO 616Advanced Microeconomic Theory


ECO 620Advanced Macroeconomic Theory


STA 575Statistical Programming for Data Management and Analysis


STA 580Applied Statistical Methods I


STA 584Mathematical Statistics I


STA 589Time Series Forecasting


STA 590Applied Statistical Methods II


STA 591Data Mining Techniques I


Validation by Education Experience (VEE) Courses: ECO 532, ECO 616, ECO 620; STA 580, STA 589.

Total: 15-16 semester hours