Actuarial Science Certificate

The Risk Management and Insurance Program offers a certificate program in actuarial science and is open to qualified undergraduate students, regardless of major. The Actuarial Science Certificate is designed to prepare students for a career as an actuary. Actuaries apply mathematical models to measure and manage risk. They work for and with businesses with a financial focus, such as insurance companies, banks, investment firms, government agencies, accounting and consulting firms. The program combines coursework in mathematics, probability, statistics, risk management, economics, and finance.

Once accepted into the actuarial science certificate program, you are eligible to join the two risk management and insurance student organizations, Insurance Society and Gamma Iota Sigma, and access the same benefits available to risk management and insurance majors who belong to these organizations, such as scholarships, resume book, careers day, and exam reimbursement.

Eligibility

This certificate program is open to all currently enrolled UGA undergraduate students. You must have a minimum overall GPA of 2.6 and a minimum grade of C in MATH 2250 and MATH 2260 (or equivalent courses) in order to apply.

The Actuarial Science Certificate Program meets the eligibility requirements of the Society of Actuaries for Universities and Colleges with Actuarial Programs, Introductory Curriculum, which means courses are offered for the two SOA preliminary exams, FM and P, and one VEE (Validation by Education Experience).

Prerequisites

• MATH 2250: Calculus I for Science and Engineering (or equivalent)
• MATH 2260: Calculus II for Science and Engineering (or equivalent)

Coursework

Students must take a minimum of 21 hours. A minimum grade of C (2.00) is required in the core courses (Part I) and the two course sequences (Part II).

Part I — Required Core Courses (9 Hours)

• RMIN 4000: Risk Management and Insurance
• RMIN 4100: Actuarial Financial Math
• RMIN 4200: Actuarial Probability Concepts or STAT 4510/6510: Mathematical Statistics I* or MATH 4600/6600: Probability*

*MATH 2500: Multivariable Calculus is a prerequisite for core courses STAT 4510/6510 and MATH 4600/6600. MATH 2500 is not a prerequisite for RMIN 4200.

Part II — Choose Two Course Sequences from the Following (12 Hours):

Sequence 1*

• ECON 2105: Principles of Macroeconomics
• ECON 2106: Principles of Microeconomics

Sequence 2*

• ACCT 2101: Principles of Accounting
• FINA 3000/FINA 3001: Financial Management

Sequence 3*

• STAT 4510/6510: Mathematical Statistics I
• STAT 4520/6520: Mathematical Statistics II

*Sequences 1, 2 and 3 fulfill education requirements of the Society of Actuaries

Sequence 4

• ECON 4010: Intermediate Microeconomics
• ECON(MARK) 4750/6750: Introduction to Econometrics

Sequence 5

• RMIN 4800: Internship in Risk Management and Insurance (6 hours)

Or choose two courses from the following:

• RMIN 4800: Internship in Risk Management and Insurance (3 hours)
• RMIN 5100: Commercial Property and Liability Insurance
• RMIN 5110: Employee Benefits
• RMIN 5510: Life Insurance
• RMIN 5570: Insurer Operations and Policy

How to Apply

1. Be sure you meet the eligibility requirements
2. Complete the application through the link listed above
   Note: Application requires MyID to log in.
3. Application Periods
   • June 1 – July 1
   • September 1 – October 1
   • February 1 – March 1

Notification of acceptance will be emailed approximately 2 weeks after each deadline.