Online Certificate in Actuarial Science

Students have the option of pursing an online certificate in actuarial science or enrolling in an online actuarial science course. Read more about your options for studying actuarial science, and explore some of the course topics covered in certificate programs. Get info on certification and job options for actuaries. Schools offering Risk Management degrees can also be found in these popular choices.

Can I Pursue an Online Certificate in Actuarial Science?

It is possible to earn an online certificate in actuarial science, though on-campus programs are much more common. The 12 credit certificate can be completed on a part-time basis, allowing students to continue working at the same time. Another option is to take web-based actuarial science fundamentals course that are offered through various organizations. This course is fully online and requires you to have a computer with Internet access. Included in the course are case studies, readings and activities, a resource library, practice exercises, tests and a discussion forum to communicate with fellow students. Finally, you have the option of pursuing an on-campus program, which may be offered through a university's professional studies or continuing education department.

Online Availability A certificate can be achieved online, though on-campus programs are far more common
Common Courses Property and casualty, investment & ALM for actuaries, pension, introduction to life insurance
Job Roles Designing pension plans, analyzing insurance rates, assisting in mergers and acquisitions, forecasting impacts of future events
Certification Though not required, certification through Casualty Actuarial Society (CAS) or Society of Actuaries (SOA) may lead to better job prospects
Continuing Education Obtaining a bachelor's or master's degree in this field is also a possibility

What Will I Learn?

Actuarial science relies heavily on economic theories and principles, mathematics and statistics. A student pursing an online certificate in actuarial science would likely take the following courses:

  • Property and Casualty
  • Investment & ALM for actuaries
  • Pensions
  • Introduction to life insurance

What Can I Do With a Certificate in Actuarial Science?

Professional actuaries calculate the cost of assuming risk. As an actuary, you may be self-employed, work with a large consulting firm that is contracted with many companies, or work exclusively for just one company. Primary employers include insurance companies, banks and investment firms. Sample actuary projects could include designing a pension plan, analyzing insurance rates, assisting in a merger or acquisition, or forecasting the potential impact of a negative future event. According to the U.S. Bureau of Labor Statistics (BLS), most employers prefer an applicant with a bachelor's degree in actuarial science, statistics, or a related field, but a certificate program or online courses are other education options (www.bls.gov).

Do I Need Certification?

According to the BLS, certification isn't required to work as an actuary, but it may lead to better employment opportunities or pay increases. Actuary certification is offered through the Casualty Actuarial Society (CAS) and the Society of Actuaries (SOA). Certification is mostly based on the passing of a series of exams, and students may choose to specialize in a specific area of actuarial science. Actuaries interested in working for the federal government need to fulfill additional certification requirements.

What Other Degrees Can I Pursue?

In addition to completing an online actuarial science certificate, you may want to consider enrolling in an on-campus degree program in this field. Undergraduate and graduate actuarial science degrees are offered at several colleges and universities throughout the United States. Be aware that an undergraduate degree in actuarial science or a related field, such as mathematics, finance or statistics, is a common prerequisite for a master's degree program.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Strayer University

    Strayer University responds quickly to information requests through this website.

    Popular programs at Strayer University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Purdue University Global

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  • Ashford University

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  • Capella University

    Capella University responds quickly to information requests through this website.

    Popular programs at Capella University:

    • Doctoral
    • Master
    • Bachelor Degrees

    Online Programs Available

  • Southern New Hampshire University

    Southern New Hampshire University responds quickly to information requests through this website.

    Popular programs at Southern New Hampshire University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Northcentral University

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  • Colorado Christian University

    Colorado Christian University responds quickly to information requests through this website.

    Popular programs at Colorado Christian University:

    • Master
    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Regent University

    Regent University responds quickly to information requests through this website.

    Popular programs at Regent University:

    • Master
    • Bachelor Degrees

    Online Programs Available

  • New England College

    New England College responds quickly to information requests through this website.

    Popular programs at New England College:

    • Bachelor Degrees
    • Associate Programs

    Online Programs Available

  • Full Sail University

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