Actuarial Science

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The Capstone Certificate in Actuarial Science at the Wisconsin School of Business strategically prepares you to be an actuary in as little as nine months.


Is this program right for you?

If you have completed your bachelor’s degree, have excellent math and statistical skills, seek a well-compensated profession in a growing field, and want to quickly launch your career, the UW–Madison Capstone Certificate in Actuarial Science is the perfect choice.

Our accelerated program is designed to quickly prepare you to pass the preliminary professional actuarial exams accepted by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). You learn from globally recognized faculty and through connections with leaders in risk management and insurance.

Our inspired learning experience offers you opportunities to connect and grow your network, and to get hired into your first job as an actuary.

Is this program right for you?

If you have completed your bachelor’s degree, have excellent math and statistical skills, seek a well-compensated profession in a growing field, and want to quickly launch your career, the UW–Madison Capstone Certificate in Actuarial Science is the perfect choice.

Our accelerated program is designed to quickly prepare you to pass the preliminary professional actuarial exams accepted by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA). You learn from globally recognized faculty and through connections with leaders in risk management and insurance.

Our inspired learning experience offers you opportunities to connect and grow your network, and to get hired into your first job as an actuary.

Admissions requirements

All applicants must:

  • Have a bachelor’s degree in a discipline other than actuarial science from an accredited institution.
  • Submit evidence of English language proficiency, if applicable. The required proficiency scores are: TOEFL IBT 92, PBT 580; or IELTS 7.0.

Ideal applicants will:

  • Have a strong math or statistics background, or have passed exam P. Applicants who do not have this background are encouraged to apply and will need to study mathematical probability in the first semester of the program.

Application materials required:

  • Online application
  • Resume/CV
  • Statement of purpose
  • Transcripts
  • Two letters of recommendation (optional)

Connect with us

Program Overview: Actuarial Science

September 29
12:30-1 p.m.
Join enrollment coach Zach Benson and get more information about the Actuarial Science Capstone Certificate including curriculum, application process and potential career paths
Register for Actuarial Science Program Overview

Program Overview: Engineering Data Analytics

October 06
12:30-1 p.m.
Join program director Susan Ottmann to get more information about the Engineering Data Analytics master's program including details on curriculum, learning outcomes, and application process.
Register for Engineering Data Analytics Program Overview

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Program highlights

  • Our program is accelerated, so you can earn your certificate in as little as two semesters.
  • You have access to all Wisconsin School of Business resources, including presentations by industry experts, Co-Curricular Learning Board events, Actuarial Club events, and the Risk and Insurance Career Fair.
  • Our program is specifically designed to prepare students who majored in a discipline other than Actuarial Science for the initial professional exams required by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA).

How you'll learn

  • Two semesters of full-time study on campus to earn your certificate.
  • Complete four core classes and one specialization course.
  • You may also elect to take courses that fulfill the Validation by Educational Experience requirements of the CAS/SOA.

Sample curriculum

Fall

  • Actuarial Mathematics I
  • Loss Models I
  • Theory of Interest and Life Insurance or Regression and Time Series for Actuaries
  • Exam P or Exam FM Review Class (elective)

Spring

  • Actuarial Mathematics II
  • Loss Models II
  • Theory of Interest and Life Insurance or Regression and Time Series for Actuaries
  • Exam P or Exam FM Review Class (elective)

Job outlook

Projected Job Growth
22.5% for Actuaries (2016-2026)

Job Postings
12,574 in 2019

Top Employers
  • American Family Insurance1
  • CUNA Mutual Group
  • Milliman
  • Swiss Re
  • Travelers

Source: Burning Glass Technologies: Labor Insight. 2020.
Burning Glass Technologies’ Market Salary is an estimated expected salary. Market Salary uses machine learning algorithms to account for experience, skill, and education among other factors that may impact individual salaries.
Source 1: Burning Glass and alumni survey data

Ready to learn more about Actuarial Science?
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Connect with our enrollment coaches

Our friendly, knowledgeable enrollment coaches are here to answer your questions. Contact an enrollment coach to:

  • Learn how to make this program work with your life/schedule
  • Verify credit transfers
  • Get help with your application
  • Determine if financial aid is available

Visit with our coaches on campus or at an upcoming student fair in your area. Search student fairs & events

Connect with a coach

Hui Hui Guo

 [My professors] were very personable and made it a point to get to know me. They were always available to answer questions and help me outside of the classroom. They really made sure that we understood the material and went over examples with us in class to ensure that it stuck. 

Hui Hui Guo, 2019 actuarial science graduate
Read more about Hui Hui