Certificate in Actuarial Science

Certificate in Actuarial Science

The Certificate in Actuarial Science is an eighteen (18) credit program composed of courses from two schools: the McAnulty College of Liberal Arts and the Palumbo School of Business. Earning this certificate is equivalent to obtaining a minor from the College of Liberal Arts. The certificate is available to any Duquesne University student, and can be fully accessed only through fourteen (14) additional credits of prerequisite coursework.

The courses required for the Certificate in Actuarial Science are chosen to position students for successful completion of two actuarial exams before graduation, while simultaneously giving students at least three (3) courses that count towards the Validation by Educational Experience (VEE) requirements as stipulated by the Society of Actuaries.

Required Courses for the Certificate in Actuarial Science

  • ECON 201 Principles of Microeconomics (VEE approved)
  • ECON 202 Principles of Macroeconomics (VEE approved)
  • MATH 301 Introduction to Probability and Statistics I
  • MATH 302W Introduction to Probability and Statistics II
  • FINC 313 Business Finance (VEE approved)
  • FINC 338 Derivatives

Prerequisite Courses for the Certificate in Actuarial Science

  • ACCT 214 Financial Accounting
  • ACCT 215 Managerial Accounting
  • MATH 115 Calculus I (4 credits)
  • MATH 116 Calculus II (4 credits)

The recommended coursework sequencing to earn the Certificate in Actuarial Science is as follows:

Freshman Fall

  • ACCT 214 and MATH 115

Freshman Spring

  • ACCT 215 and MATH 116

Sophomore Fall

  • ECON 201 and MATH 301

Sophomore Spring

  • ECON 202 and MATH 302W

Junior Fall

  • FINC 331

Junior Spring

  • FINC 338

Students who follow the recommended sequencing can be ready to take the first actuarial exam (exam P - Probability) after completing MATH 301, as early as the spring or summer of their sophomore year. They can be ready to take the second actuarial exam (exam FM - Financial Mathematics) after completing FINC 331 and FINC 338, as early as the summer of their junior year. [Students who have passed one or two actuarial exams prior to graduation are attractive to actuarial employers.]

The recommended course sequencing will also give students room in their senior year to take additional courses that, although not part of the Certificate in Actuarial Science, would qualify toward further VEE requirements (or in the case of SOCI 408 would provide germane enrichment).

Suggested Post-Certificate Courses

  • FINC 333 Financial Management (VEE approved)
  • ECON 481W Econometrics (VEE approved)
  • ECON 484W Advanced Econometrics (VEE approved)
  • FINC 336 Security Analysis (VEE approved)
  • FINC 433W Financial Markets and Institutions (VEE approved)
  • SOCI 408 Population Methods