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.
  • Have a background in mathematical probability. Applicants who do not have this background are encouraged to apply and will be expected to study mathematical probability within the first semester of the program.
  • All applicants whose first language is not English must submit an official Test of English as a Foreign Language (TOEFL) score (minimum score of 106, internet version or 620, paper version). Some exceptions apply. The Wisconsin School of Business will accept International English Language Testing System (IELTS) or Pearson Test of English results as a substitute for the TOEFL.

To apply:

  • Online application to UW–Madison as University Special Student.
  • CV/Resume.
  • Statement of purpose essay.
  • Transcripts.
  • Two letters of recommendation. These letters are not required but can be helpful by providing additional insight into applicant characteristics that are not apparent from a resume or transcript.

Applications accepted for fall or spring enrollment.

Upcoming Events

National Society of Black Physicists
November 14 - 17
Join the University of Wisconsin–Madison at the National Society of Black Physicists 2019 Conference! This year's theme is "Promoting Professional Connections and Persistence in Physics," so it's the perfect time to stop by our exhibit to connect with UW–Madison staff and faculty.

American Physical Society Graduate School Fair
March 02 - 06
Join the University of Wisconsin–Madison at Future of Physics Days in Denver! Hosted by the American Physical Society, this grad fair is a great opportunity to learn all about our graduate programs.

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

Top Industries
  • Direct Health and Medical Insurance Carriers
  • Direct Life Insurance Carriers
  • Commercial Banking
  • Insurance Agencies and Brokerages

Market Salary
$88K in 2018

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

Job Postings
7,804 in 2018

Source: Burning Glass Technologies: Labor Insight. 2019.
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.

Ready to learn more about Actuarial Science?
View the UW-Madison Guide

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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

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