Actuarial Mathematics and Statistics Certificate

Actuaries analyze the financial costs of risk and uncertainty. Actuaries are in high demand, with the job outlook expected to grow much faster than average in the next decade. This certificate program is designed to prepare current and returning students for a career as an actuary. Students completing the certificate are prepared to pass the P/1 (Probability) and FM/2 (Financial Mathematics) examinations, and would obtain VEE credit 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.

Penn State Behrend Actuarial Mathematics and Statistics Certificate

Related Career Fields

Business and Finance Mathematics

Related Occupations

Actuarial Science

Actuaries use mathematics, statistics, and financial theory to assess risk and uncertainty. They help design insurance policies, pension plans, and investment strategies. Their work supports decision-making in industries like insurance, finance, and government. Actuaries typically work in office settings with intensive data modeling and forecasting tools.

Budget Analysis

Budget analysts help organizations plan their finances by developing, reviewing, and managing budgets. They ensure that resources are allocated efficiently and spending stays within limits. They solve issues related to financial forecasting, cost control, and resource prioritization. Work is generally performed in government agencies, corporations, or nonprofit organizations in office environments.

Data Science

Data scientists extract insights from complex datasets using statistics, programming, and machine learning. They solve problems related to business strategy, user behavior, and process optimization. They work across industries like tech, healthcare, and finance, typically in collaborative, analytics-driven environments.

Financial Analysis

Financial analysts evaluate investment opportunities, company performance, and economic trends to support business and financial decisions. They solve problems related to profitability, risk, and market positioning. Their work is highly data-driven and typically performed in corporate finance departments, banks, or investment firms in office environments.

Financial Examination

Financial examiners ensure that financial institutions comply with laws and regulations. They review balance sheets, lending practices, and risk management procedures to protect the financial system and consumers. They address issues of compliance, solvency, and financial misconduct. Most work in government agencies or regulatory bodies in office settings, with some fieldwork at financial institutions.

Insurance Underwriting

Insurance underwriters evaluate the risk of insuring individuals or entities and decide policy terms and pricing. They analyze data, assess applications, and ensure policies are profitable and compliant with regulations. Problems they solve include identifying high-risk applicants and minimizing financial exposure for the insurer. Most work is desk-based in insurance companies or agencies, with heavy use of specialized software.

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