Actuarial Science

The Certificate in Actuarial Science is an eighteen (18) credit program composed of courses from two schools: the School of Science and Engineering and the Palumbo-Donahue School of Business.  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.

Program Information

The Certificate in Actuarial Science will position students for successful completion of two actuarial exams before graduation.

Degree

Certificate

Required Credit Hours

18

Courses

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


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

Recommended Course Sequencing

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. 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).

  • 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