The online Actuarial Science certificate program provides a pathway for working professionals with a background in math or business to gain the skills needed to pursue entry-level positions in the high-demand field of actuary science.
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Designed to Meet Industry Standards

Guided by the certification requirements of the Society of Actuaries (SOA), our Actuarial Science certificate program prepares graduates for the Introductory Financial Mathematics and Probability exams, and also satisfies the SOA Validation by Educational Experience specifications.

Graduates will be qualified to become Associates of the Society of Actuaries (ASA).

Additional Learning Outcomes

Graduates will develop an operational and analytical understanding of:

  • finance and financial literacy;
  • operation of insurances;
  • economic theory; and 
  • the functioning of insurance and financial markets in private and government sectors.

Our program prepares graduates to model real-world problems mathematically, interpret results properly, and make recommendations for resolution based on best practices. Equally important, our program emphasizes strong communication and the ability to clearly explain analysis and recommendations to any audience.


MAT 311 - Theory of Probability* (3)
MAT 5XX - Mathematical Statistics (3)
MAT 5XX - Financial Mathematics (3)
RIS 601 - Uncertainty (3)
RIS 602 - Quantitative Risk Assessment (3)
BUS 530 - Financial Analysis (3)

Total Credits = 18

*Students who have completed a Probability course prior to entering the certificate program will take RIS 605 - Decision Making Under Uncertainty instead.

Prerequisite Courses

In order to be prepared for the content of the certificate program, the following prerequisite courses are required:

  • Calculus I
  • Calculus II
  • Statistics
  • Microeconomics
  • Macroeconomics

Stackable Credentials

After completing the Actuarial Science certificate, graduates may roll several earned credits into a master's degree in Analytics or Risk Management at NDMU, saving both time and money.

Actuarial Science Careers

Actuaries are in high demand. Any industry with a financial focus requires the work of skilled actuaries to manage risk and find solutions to complex financial issues.

Examples of Actuary Careers

  • Banking & Financial Services
  • Enterprise Risk Management
  • Insurance
  • Investments & Fund Management
  • Predictive Analytics
  • Valuation

Learn more about career paths for actuaries.

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