Department of Mathematics and Statistics

Certificate in Actuarial Science

The interdisciplinary certificate is designed to help students start a career in actuarial science. Students completing the certificate of actuarial science will have a good foundation in the material needed for the actuarial industry's first two exams and will have completed three of the industry's required Validation by Educational Experience (VEE) requirements. This certificate is designed for students who already have a bachelor's degree. Current USM students who are interested in actuarial science can take the interdisciplinary minor, which can be used to satisfy the Core Curriculum Advanced Studies (Thematic Cluster) requirement.

Minimum number of credits required for the certificate: 32

Required courses in Mathematics and Statistics: (17 credits)
     MAT 152 Calculus A (4 cr)
     MAT 153 Calculus B (4 cr)
     MAT 281 Introduction to Probability (3 cr)
     MAT 282 Statistical Inference (3 cr)
     MAT 485 Introduction to Applied Regression (3 cr)

Required courses in Business and Economics: (15 credits)
     ECO 101 Introduction to Macroeconomics (3 cr)
     ECO 102 Introduction to Microeconomics (3 cr)
     ACC 110 Financial Accounting Information for Decision Making (3 cr)
     FIN 320 Basic Financial Management (3 cr)
     FIN 323 Financial Engineering (3 cr)

Other relevant courses:
     RMI 320 Introduction to Risk Management and Insurance (3 cr)
     FIN 327 Investment Management (3 cr)
     MAT 252 Calculus C (4 cr)
     MAT 264 Statistical Software Packages (2 cr)
     MAT 295 Linear Algebra (4 cr)
     MAT 366 Deterministic Models in Operations Research (3 cr)
     MAT 383 System Modeling and Simulation (3 cr)
     MAT 387 Introduction to Applied/Biostatistical Methods (3 cr)
     MAT 461 Stochastic Models in Operations Research (3 cr)

Candidates for admission must submit:

  • Online application for Certificate Program;
  • Official transcripts or copies of official transcripts from secondary school and/or all colleges and universities from which you received a degree;
  • Additional or other special admission requirements specified by program.

The application for certificate programs is available online at the Office of Admissions Web site at Please note, students who are enrolled solely in an undergraduate certificate program are not eligible for Federal financial aid.