Actuarial Science

Prepare for a career in actuarial science with this 18-credit undergraduate Certificate in Actuarial Science. As a student, you will take finance and economics courses in the School of Business. You will also take math courses in the School of Science and Engineering. 

All Duquesne University students can enroll in the program.

What is Actuarial Science?

Actuarial science uses mathematics and financial theories to quantify, manage, and mitigate risk. Actuaries use probability and statistics to help individuals and companies avoid financial loss. 

Actuaries earn high salaries and specialize in these areas:

  • Corporate Finance and Enterprise Risk Management (ERM)
  • Government and Consulting
  • Life and Health Insurance
  • Property and Casualty (P&C)
  • Pensions and Retirement 

Preliminary Actuarial Exams Readiness

To become a certified actuary, you must pass a series of rigorous exams. If you follow the recommended course sequence, you can take the preliminary exams before graduation.

  • During the spring or summer of your sophomore year, you can take Exam P–Probability.
  • During the summer of your junior year, you can take Exam FM–Financial Mathematics.

Validation by Educational Experience (VEE)

As a student, you will also take at least three (3) courses that count towards the Validation by Educational Experience (VEE) requirements. VEE requirements are mandatory coursework on key topics. They are not formally tested but are still required by the Society of Actuaries

Program Information

Prepare to take two actuarial science exams before graduation.

Degree

Certificate

Duration

1-2 Semesters

Required Credit Hours

18

Modality

In-Person

(3 credits/ea.)
  • ACCT 214—Financial Accounting (VEE approved) 
  • ISYS 184—Business Information Systems* 
  • MATH 115—Calculus I 
  • MATH 116—Calculus II


*Students should work with their Success Coach to determine whether they have the necessary prerequisites to be waived from the course.
(3 credits/ea.)
  • ECON 201—Principles of Microeconomics (VEE Approved)
  • ECON 202—Principles of Macroeconomics (VEE Approved)
  • MATH 301—Introduction to Probability & Statistics I
  • MATH 302W—Introduction to Probability & Statistics II
  • FINC 313—Business Finance (VEE Approved)
  • FINC 338—Derivatives

Recommended Course Sequence

  • ACCT 214—Financial Accounting
  • ISYS 184—Business Information Systems*
  • MATH 115—Calculus I
  • MATH 116—Calculus II
  • ECON 201—Principles of Microeconomics
  • MATH 301—Introduction to Probability & Statistics I
  • ECON 202—Principles of Macroeconomics
  • MATH 302W—Introduction to Probability & Statistics II
  • FINC 313—Business Finance
  • FINC 338—Derivatives