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A focused program in actuarial science that exploits the courses and faculty that exist within the Mathematics & Statistics and Economics departments, thereby enabling students interested in an actuarial career to pursue actuarial education at the graduate level and obtain a certificate that recognizes their training. This gives undergraduate students in the actuarial science emphasis area the opportunity to continue their education in a graduate level program tightly focused on their chosen career path. This certificate also enables traditional graduate students to obtain training in a specialty area while pursuing their regular degree program.
Once admitted to the program, a student will be given three years to complete the program so long as he/she maintains a B average in the courses taken. To obtain the Graduate Certificate in Actuarial Science students must complete all of the requirements given below, while maintaining a B average over all courses taken to satisfy these requirements.
All the courses must be taken for graduate credit and cannot be counted towards requirements of an undergraduate degree. A grade of C or better will be considered a passing grade.
*Students who have taken STAT 5644 to satisfy one of the requirements of their undergraduate degree are allowed to replace this course with one of the courses listed in Part II, provided the selected course is not also used to satisfy the one-course requirement of Part II.
- STAT 5644: Mathematical Statistics
- STAT 5755/ECON 4350: Statistical Models in Actuarial Science
- STAT 5756: Statistical Theory of Life Contingencies
Choose one course from the following seven:
- STAT 5814: Applied Time Series Analysis
- MATH 5737/ECON 5337: Financial Mathematics I
- STAT 5643: Probability and Statistics
- STAT 5346/Comp Sci 5204: Regression Analysis
- STAT 5353: Statistical Data Analysis
- STAT 6841: Stochastic Processes
- ECON 4310: Mathematical Economics
All the above courses must be taken for graduate credit and cannot be counted towards requirements of an undergraduate degree. A grade of C or better will be considered a passing grade.
*Students who have taken STAT 5644 to satisfy one of the requirements of their undergraduate degree are allowed to replace this course with one of the optional courses above, provided the selected course is not also used to satisfy the one-course requirement.
Course description can be found in the catalog at catalog.mst.edu/graduate.
Graduate certificates were designed as a gateway to a master’s degree. If a student earns a B or better in each certificate course they may continue for the graduate degree (in the corresponding department), without needing to submit GRE/GMAT scores, or letters of recommendation. A student does not need to continue on for the graduate degree, however most do. Graduate certificates were designed for working professionals who have real life work experience and may not have time to take the GRE/GMAT. Admission requirements for the graduate certificate program are also more relaxed than the graduate degree. This graduate certificate may act as a gateway to the following master’s programs:
Applied Mathematics (MS)
Effective July 1, 2011, the Department of Education requires that all certificate programs must disclose particular Gainful Employment information to current and prospective students. The information that is provided in the disclosure includes the estimated cost of the certificate program as well as on-time graduation and job placement rates for this particular certificate program.