A student writes math equations on a chalkboard.

Actuarial Sciences Undergraduate Certificate

Learn how to evaluate the likelihood of future events with mathematical precision. Our Actuarial Sciences Undergraduate Certificate teaches you how to take information and organize it to make informed decisions that affect all aspects of life, from public policy to financial planning and more.

Program Overview

An Actuarial Sciences Undergraduate Certificate trains students in math and statistics for risk analysis in fields like insurance, finance, or business.  

Our program equips students with skills in probability modeling, financial mathematics, programming languages, and communication. Whether you want to help insurance companies develop premiums, help businesses make informed financial decisions, or advise government agencies on public policy and programs, the undergraduate certificate equips you with interdisciplinary skills that will help you make the impact you want.  

This program prepares students to take actuarial exams offered by the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS), preparing them to receive professional actuary credentials.  

Why Study Actuarial Sciences?

The Actuarial Science Undergraduate Certificate at the University of Tennessee, Knoxville prepares students for highly in-demand career fields, all while offering exceptional internship and experiential learning opportunities.  

In-Demand Job  

According to the U.S. Bureau of Labor Statistics, job growth for actuaries is expected to grow 22% between 2024-2034, making actuarial science a highly in-demand career field. 

Excellent Internship Opportunities  

Recent graduates of our program completed internships at a variety of companies, such as Unum Group in Chattanooga, Tennessee, preparing them with hands-on skills in financial modeling and data analysis.

Learn Beyond the Classroom  

With a certificate housed in the Department of Mathematics, you’ll have excellent opportunities for faculty-led lab work and to attend renowned guest lectures by distinguished mathematicians—like Fernando Marques and André Neves, to name a few—learning from some of the brightest minds in math.  

What Can You Do with an Undergraduate Certificate in Actuarial Sciences After Graduation?

The Actuarial Sciences undergraduate certificate program, housed in the Department of Mathematics, prepares students for actuarial careers by coursework in a variety of subjects, including probability, statistics, financial mathematics, and specialized modeling. Students take classes to gain core technical skills, along with getting opportunities with professional work through internships, risk management coursework, and taking actuarial exams. Many graduates go on to work in fields such as finance, economics, statistics, insurance, money management, and more.  

In insurance and risk, many graduates go on to work as actuarial analysts and associates at many different levels, working for insurance companies, actuarial consulting firms, and financial institutions. In finance and business, others become analysts of finance, investment, and risk, working in settings such as banks and investment firms. In data science and analytics, others work as data scientists, predictive modelers ,or risk modeling specialists. You could also go into insurance, working for healthcare organizations or government agencies as an actuary of health, pension, and benefits, or as an insurance underwriter.

Another option is government, where you could work as a policy analyst or risk management specialist; or you could go into consulting as an actuarial, risk, or business consultant. The strong foundation students gain from this program will prepare them to go into the diverse set of disciplines encompassing mathematics careers. 

MATH 222 Financial Mathematics 

his course introduces mathematical principles underlying financial planning and risk management. Topics include interest rate theory, time value of money, annuity valuation, and asset-liability management.

MATH 300 Introduction to Abstract Mathematics

Students will cover algebra of sets, functions, relations, and mathematical induction. Algebraic structure of the real number system, order properties, and completeness will also be covered. 

MATH 322 Actuarial Science Problems in Financial Math

This course focuses on solving financial math problems in preparation for the actuarial exam in Financial Mathematics.

MATH 422 Actuarial Science Problems in Probability 

This course focuses on solving probability problems in preparation for the actuarial exam in Probability.

Complementary Majors, Minors, and Certificates

Looking to enhance your degree? Consider these programs as a complement to your primary major.

Looking For More Options?

The College of Arts and Sciences offers students the broadest range of academic programs and opportunities for research and creative activities at the University of Tennessee, powered by faculty expertise across every discipline. 

Admissions and Aid

Are you ready to become a Vol? Learn how to apply and explore tuition, cost, and aid below.

Ayres Hall at sunrise on September 11, 2019. Photo by Steven Bridges/University of Tennessee.

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