Actuarial Studies Undergraduate Certificate
Certificate Programs
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 is designed to provide the education needed for entry level employment in the actuarial profession. Those who complete the certificate will satisfy the Validation by Educational Experience requirements of the Society of Actuaries and be prepared to take the first two actuarial examinations (P and FM).
Completion of the certificate requires the following courses. Please note that many of these courses have prerequisites so anyone pursuing the certificate should work carefully with an academic advisor.
Required Courses
| Course Number | Title | Hours |
|---|---|---|
| ECON 1001 | Principles of Microeconomics (MOTR ECON 102) | 3 |
| ECON 1002 | Principles of Macroeconomics (MOTR ECON 101) | 3 |
| ACCTNG 2400 | Fundamentals of Financial Accounting | 3 |
| FINANCE 2500 | Financial Management | 3 |
| MATH 4010 | Financial Mathematics I | 3 |
| MATH 4020 | Financial Mathematics II | 3 |
| MATH 4200 | Mathematical Statistics I | 3 |
| MATH 4210 | Mathematical Statistics II | 3 |
| Total Hours | 24 | |
A grade of B- or better is required for ACCTNG 2400, FINANCE 3500, ECON 1001, ECON 1002, and MATH 4210.
Residency Requirement: Of the above required eight courses at least five must be taken at the University of Missouri-St. Louis.