Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance

Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance

 

 

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Program Description

This certificate is for students and working professionals who want to gain mathematical skills for insurance and risk management in order to take advantage of the growing number of jobs in the actuarial sciences, risk assessment, and financial mathematics. It will enhance marketability and employment opportunities by taking essential statistics and mathematics coursework to provide a strong background in risk assessment and management and finance.  Additionally, this certificate will provide the solid mathematical groundwork for students who want to pursue graduate studies in actuarial or financial mathematics and/or studies related to the first two actuarial exams administered by the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). Courses are offered in a blend of online, hybrid or face-to-face formats.

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Program Learning Outcomes:

Students who complete the program will be able to:

• Apply fundamental concepts and techniques of actuarial and financial mathematics in risk assessment and insurance.
• Analyze actuarial and financial data using advanced probabilistic and statistical techniques.
• Demonstrate mastery of statistical and mathematical techniques by communicating critically reasoned analysis through written and oral presentations.

Admission Requirements:

Admission requirements for the Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance are designed to identify applicants who have the ability, interest, and qualities necessary to complete the program. Admission is competitive and selective. Applicants must demonstrate that they possess the abilities, interests, and qualities necessary to successfully complete the program.

Applicants seeking admission will provide the following application materials for review by the Graduate Curriculum Committee. Please submit all documents to the Graduate Admissions office at gradadmissions@uhd.edu :

• A completed Apply SLATE application (Click on Apply Now below).
• Submit (1,000 words or less) a personal statement that addresses why you want to study quantitative analysis and modeling of risk and finance
• Bachelor's degree conferred by a regionally accredited institution.
• Official University transcript(s) from which the applicant earned a Bachelor's degree and an advanced degree (if applicable) indicating
  • the last 60 semester credit hours of course work and evidence of Bachelor's degree awarded and the cumulative GPA.
• Students with an international transcript must submit their transcripts to UHD already evaluated for U.S. equivalency. Here is a list of approved agencies. If residential applicants are experiencing any delays in submitting their official transcript, we will currently accept unofficial transcripts indicating a Bachelor's degree conferred as part of the completion of the application.
• Grade of B or higher calculus-based probability and statistics course.
  • Interested students who do not meet the requirement are welcome to apply and may need to complete leveling courses that will cover calculus fundamentals.
• Preferred Undergraduate GPA of at least 3.0
• Resume documenting any work experience that emphasizes personal and professional accomplishments.
• One letter of recommendation or recommendation form from an individual well-acquainted with your work and who is able to address your academic potential, for example, work supervisors and professors.
• Test of English as a Foreign Language (TOEFL) score, if you are a graduate of a university where English is not the primary language of instruction (preferred TOEFL scores are: an Internet-based score of 81, a paper-based score of 553, or an IELTS score of 6.5 or higher). As a waiver to these English Proficiency Exams, the College of Sciences & Technology Graduate Studies office will accept as proof of English proficiency, full-time employment history of at least 3 years in a country where English is the primary language spoken, such as the US, UK, Canada, etc. Please submit the English Proficiency Waiver Form as part of your application documents to the Graduate Admissions office.

Admission Process:

The Graduate Advisory Committee will evaluate applications using a matrix based on GPA, relevant coursework or experience, recommendations, and other written materials in the applicant's file. The Graduate Advisory Committee will use the results of this evaluation to determine if an applicant is admitted. The Graduate Advisory Committee will evaluate applications using a matrix based on GPA, GRE score, relevant coursework or experience, recommendations, and other written materials in the applicant's file. The Graduate Advisory Committee will use the results of this evaluation to determine if an applicant is admitted. The Graduate Coordinator will notify students, in writing, of the committee's decision. Any applicant looking to appeal their admission decision can do so here: CST Graduate Admissions Appeal Form. Application opens on September 5.

APPLY NOW

Please view all of the application requirements on the UHD Admissions website before submitting your application.

 

Degree Requirements

The Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance requires a minimum of 12 graduate semester credit hours. Courses are offered in a variety of modalities including hybrid, face-to-face, or online.

Required Courses
MATH/STAT 5317	Applied Probability and Mathematical Statistics
MATH/STAT 5318	Mathematical Modeling of Risk and Uncertainty
MATH/STAT 5320	Mathematical Modeling in Finance

Elective Courses	Choose one:
STAT 5307	Time Series Analysis
MATH 5316/STAT 5310	Applied Regression Analysis
MBA 6362	Financial Forecasting and Behavioral Finance
MBA 6367	Investment Management Statistics

For course descriptions please see the Graduate Catalog.

 

Current Students

The College of Sciences and Technology, Graduate Studies currently offers a Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance. We provide academic advising to current graduate students in the program. If you need assistance with personalizing your graduation plan to ensure you graduate within a timely manner, please schedule an appointment. All students have access to their degree evaluation at MyUHD and we are more than happy to assist you with any advising questions or concerns. Please see office hours below.

• Graduate Academic Honesty Policy
• CST Graduate Student Handbook
• CST Graduate Probation, Suspension, or Dismissal Appeal Form

Other Resources

• Graduate Certificate Tuition and Fees

Contact for Office Hours:

Phone Number: 713-223-7972
Email: cstgrad@uhd.edu

 

Questions About Graduate Admission

Graduate Admissions Office
713-221-8093
713-221-2718
gradadmissions@uhd.edu

For any other information about the Graduate Certificate in Quantitative Analysis and Modeling of Risk and Finance contact the Assistant Director of Graduate Studies, Angel Griffin at cstgrad@uhd.edu.

Accreditation

The University of Houston-Downtown is accredited by the Southern Association of Colleges and Schools Commission on Colleges to award baccalaureate and master's degrees and certificate programs. Contact the Commission on Colleges at 1866 Southern Lane, Decatur Georgia 30033-4097 or call 404-679-4500 for questions about the accreditation of the University of Houston-Downtown.

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