Graduate Certificate in Actuarial Science

Building upon concepts covered in the Graduate Certificate in Actuarial Foundations, the Graduate Certificate in Actuarial Science at Boston University’s Metropolitan College further cultivates the ability to “think like an actuary” by developing problem-solving skills through exposure to a wide range of actuarial-related topics, notably interest theory and probability.

Students who complete the Graduate Certificate in Actuarial Science will be able to work with complex actuarial models in insurance companies, consulting firms, and related industries. In addition, they will be given sufficient background to be successful in passing actuarial exams FAM, A-LTAM or A-STAM, and SRM. With passing these exams and the units they will receive for successfully passing Mathematical Statistics (MET MA 582), students will be well-positioned to receive an “Actuarial Science Foundations” micro-credential from the Society of Actuaries (SoA).

Learning Outcomes

• An understanding of the mathematical basis for actuarial modeling in life, property, and casualty insurance.
• The ability to use the basics of actuarial practice in developing complex actuarial models for pricing, reserving, evaluating, and designing a variety of insurance and financial products.
• The expertise to pass advanced actuarial exams on Fundamentals of Actuarial Science, Long Term Actuarial Models, Short Term Actuarial Models, and Statistics for Risk Modeling.
• Obtain the background to achieve the VEE credential in mathematical statistics.

Required Courses

(four courses/16 units)

• MET AT 531 Fundamentals of Actuarial Mathematics
• MET AT 743 Regression and Time Series
• MET MA 582 Mathematical Statistics
• Plus one of the following:
  • MET AT 771 Advanced Long-Term Actuarial Mathematics
  • MET AT 781 Advanced Short-Term Actuarial Mathematics