The Capstone Certificate in Actuarial Science at the School of Business is a tailored program designed to prepare students for their career as an actuary. The capstone is not a degree program. It is a high-quality certificate program designed to quickly and effectively prepare students to successfully pass the professional credentialing exams required by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). A key strength of the capstone program is its flexibility and relatively short time to completion. Students can choose either a full-time or part-time learning track. When taking classes full-time, students can expect to complete the program and have their certificate in nine months. Students enrolled part-time must take a minimum of one class each semester, and can take up to three years to complete the program with exceptions being made for special cases.
Students accepted into the capstone certificate program have a strong mathematics background and are interested in applying that strength to the actuarial science profession. Capstone students will take classes in actuarial mathematics, predictive modeling, and loss models, and have the option to take other classes with consent from faculty. Students will receive a transcript from the University of Wisconsin–Madison and will gain access to key resources offered to School of Business students. Further detail is provided at the School of Business website.
Applicants must possess a baccalaureate degree. Applications are accepted for both fall and spring semesters. Admitted students will have the opportunity to take prerequisite math courses in their semester before starting the program. All application materials must be received by the deadline posted on the program website.
A complete application includes the following information:
- An online application for admission as a University Special student, selecting UNCS Capstone Certificate and the program: Actuarial Science
- Application materials mailed to the School of Business, 975 University Avenue, Room 5252A, Madison, WI 53706—to include:
- 3 letters of reference
- Transcripts from all universities attended
- Statement of purpose describing the applicant's interest and goals in actuarial science and how a certificate in actuarial science will help reach those goals
- Resume or CV
- TOEFL scores, if applicable
Once admitted, candidates will receive a formal letter of admission to UW–Madison from Adult Career and Special Student Services along with enrollment instructions and information about tuition and deadlines. The capstone certificate coordinator also will send specific information pertaining to enrollment in and completion of the capstone program.
Additional detail is provided on the ACSSS enrollment page.
- Must have a minimum GPA of 2.000
|Actuarial Science Core|
|ACT SCI 650||Actuarial Mathematics I||3|
|ACT SCI 651||Actuarial Mathematics II||3|
|ACT SCI 652||Loss Models I||3|
|ACT SCI 653||Loss Models II||3|
|ACT SCI/MATH 303||Theory of Interest and Life Insurance||3|
|or ACT SCI 654||Regression and Time Series for Actuaries|
OPTIONAL SUPPORTING COURSES
|Courses recommended as preparation for an actuarial career:|
|MATH/STAT 431||Introduction to the Theory of Probability||3|
|MATH/STAT 309||Introduction to Probability and Mathematical Statistics I||3|
|STAT 311||Introduction to Theory and Methods of Mathematical Statistics I||3|
|MATH/STAT 310||Introduction to Probability and Mathematical Statistics II||3|
|STAT 312||Introduction to Theory and Methods of Mathematical Statistics II||3|
|ECON 101||Principles of Microeconomics||4|
|ECON 102||Principles of Macroeconomics||3-4|
|ECON 111||Principles of Economics-Accelerated Treatment||4|
|FINANCE/ECON 300||Introduction to Finance||3|
|FINANCE/ECON 320||Investment Theory||3|
|Review courses for actuarial examinations:|
|ACT SCI 300||Actuarial Science Methods I||1|
|ACT SCI 301||Actuarial Science Methods II||1|
The program teaches the actuarial concepts that will equip students to pass the preliminary professional actuarial exams accepted by the Society of Actuaries and the Casualty Actuarial Society. Students also learn the practical application of these concepts, experiencing real-world learning opportunities through contact with professionals currently working in actuarial science, risk management, and insurance.
Specifically, student learn to
- Solve problems using mathematics, statistics, risk management, finance, and economics
- Quantify risk for insurance companies, consulting firms, government agencies, or other organizations