SCHOOL OF SCIENCE
Actuarial Mathematics and Statistics Certificate (ACSCBC)
This certificate program is designed to prepare both current and returning students for a career as an actuary. Students completing the certificate are prepared to pass the P/1 (Probability), FM/2 (Financial Mathematics) examinations and would obtain VEE credit (courses in italics) for economics, corporate finance, and applied statistical methods topics once a second actuarial examination is passed. The certificate requires a total of 31 or 32 credit hours and can be completed concurrently with a Penn State Behrend degree or via continuing education.
|
Course |
Description |
Credits |
|
MATH 230 |
Calculus and Vector Analysis |
4 |
|
STAT 301 |
Statistical Analysis I |
3 |
|
STAT 401 or SCM 200 or STAT 200 |
Experimental
Methods |
3 or 4 |
|
STAT 414 |
Introduction to Probability Theory |
3 |
|
STAT 462 |
Applied Regression Analysis |
3 |
|
ECON 481 or ECON 485 |
Business Forecasting Techniques Econometrics |
3 |
|
ECON 102 (formerly ECON 002) |
Introductory Microeconomic Analysis and Policy |
3 |
|
ECON 104 (formerly ECON 004) |
Introductory Macroeconomic Analysis and Policy |
3 |
|
FIN 301 |
Corporation Finance |
3 |
|
FIN 427 |
Derivative Securities |
3 |
Students must earn a "C" or better in each of the above courses to earn the Actuarial Mathematics and Statistics Certificate.
FREQUENTLY ASKED QUESTIONS
Q: Is
the actuarial mathematics and statistics program available in the
evenings or weekends?
A: No
Q: Can the
actuarial mathematics and statistics program be completed via the
internet?
A: No
Q: What
prerequisites are required before entering this program?
A:
MATH 141 and ACCTG 211. FIN 427 has a prerequisite of FIN 420 that
may be waived with permission from the instructor.
Q: Can I use
courses from my major or minor to complete the certificate?
A:
Yes. Any of the above courses may be used to complete requirements
for a major, minor, or certificate simultaneously, unless otherwise
specifically stated by another program of study.
Q: Are
there any other courses that are recommended, but not required, for
the certificate?
A: Yes. A series of one credit SAS
courses are available through the
Penn State World Campus
that employers have indicated are
useful. They are:
STAT 480: Introduction
to Statistical Program Package
STAT 481: Intermediate
SAS for Data Management
STAT
482: Advanced Statistical Procedures in SAS
Q: Where
can I find more information about preparing for the P/1 and FM/2
exams?
A: From the Be an
Actuary website.
Advising
For specific information about the program contact the School of Science,visit the Actuarial Science at Penn State Behrend web page, or contact Dr. Michael Rutter.
Receiving the Certificate
When you complete all of the required courses, please fill out the "Application for Certificate Completion" and return it to the Registrar's Office, 206 Metzgar Center.
The college also offers four-year degrees in Mathematics and Finance.