  {"id":2000,"date":"2020-06-10T19:27:23","date_gmt":"2020-06-10T23:27:23","guid":{"rendered":"http:\/\/149.4.100.129\/academics\/english\/?page_id=2000"},"modified":"2025-12-18T12:43:24","modified_gmt":"2025-12-18T17:43:24","slug":"actuarial-exam-information","status":"publish","type":"page","link":"https:\/\/www.qc.cuny.edu\/academics\/math\/actuarial-exam-information\/","title":{"rendered":"Actuarial Exam Information"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; background_color=&#8221;rgba(0,0,0,0)&#8221; custom_padding=&#8221;16px|||||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; header_6_font=&#8221;Ubuntu|700|||||||&#8221; header_6_text_color=&#8221;#ffffff&#8221; header_6_font_size=&#8221;35px&#8221; background_color=&#8221;#e71939&#8243; custom_margin=&#8221;||1px|||&#8221; custom_padding=&#8221;10px||10px||true|false&#8221; border_radii=&#8221;off|20px|20px||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h6 style=\"text-align: center\">Actuarial Exam Information<\/h6>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; custom_margin=&#8221;20px||||false|false&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h5>Evaluation Criteria of the Society of Actuaries<\/h5>\n<p>As of January 1, 2005, the Society of Actuaries (SOA), the major actuarial society in the United States, established a new system for evaluating students wishing to gain entrance into the actuarial profession. The new system stipulated that prospective actuaries be evaluated by a series of examinations and an undergraduate educational component known as validation by educational experience (VEE).<\/p>\n<h5>Society of Actuaries Exams<\/h5>\n<p>The Society of Actuaries describes its examinations in its basic education catalog. A college-level student wishing to gain access into the actuarial profession should focus on taking courses that will enable him\/her to pass at least one of the society&#8217;s international exams, preferably before graduating from college. Aspiring actuaries at ºì¶¹ÊÓÆµ should take classes through Math 201 and, in addition, Math 241 (or 611). The courses mentioned below would also be helpful in preparation for the first two exams.<\/p>\n<ul>\n<li>For Exam P (probability): Math 633, 242, 621, 271, 272. Of the first three courses, Math 633 is probably the most efficient.<\/li>\n<\/ul>\n<ul>\n<li>For Exam FM (financial mathematics): Math 116 and Business 241. Also recommended is self-study of\u00a0Mathematics of Investment and Credit,\u00a0by S. Broverman, Actex Publications. Additional Exam FM study manuals (guides), a DVD, and another textbook are available through Actex Publications; call 1-800-282-2839 to request the company&#8217;s catalog.<\/li>\n<\/ul>\n<h5>Validation by Educational Experience<\/h5>\n<p>There are three VEE subject categories<\/p>\n<ul>\n<li>Applied statistical methods, covered by Econ 249 and 382.<\/li>\n<li>Corporate finance, covered by Bus 241 and Bus 341W.<\/li>\n<li>Economics, covered by Econ 101 and 102.<\/li>\n<\/ul>\n<p>Please note:<\/p>\n<ul>\n<li>As of July 2005, the SOA approved the above-mentioned courses for the last two categories.<\/li>\n<li>For the applied statistical methods category, the SOA approved Econ 382, with the stipulation that it is approved for the regression component only; it must be paired with an approved time series course.<\/li>\n<li>Econ 249 is a prerequisite for Econ 382.<\/li>\n<li>It is anticipated that the stipulation about time series will be dealt with by the ºì¶¹ÊÓÆµ Economics (Business Administration) Department in the near future.<\/li>\n<li>In late 2005, the Actex organization announced that it is giving an online course in applied statistics; the class has been approved for VEE credit.<\/li>\n<li>Validation by educational experience requires a grade of B- or better in each VEE course; a candidate may not apply for VEE approval until he or she has passed at least two exams (source:\u00a0The Future Actuary,\u00a0Winter 2004, pp. 1 and 5).<\/li>\n<\/ul>\n<h5>External Links<\/h5>\n<p><a href=\"http:\/\/www.soa.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Society of Actuaries<\/a><br \/><a href=\"https:\/\/www.soa.org\/education\/exam-req\/edu-asa-req\/\">SOA \u2014 Exams and Requirements<\/a><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Actuarial Exam InformationEvaluation Criteria of the Society of Actuaries As of January 1, 2005, the Society of Actuaries (SOA), the major actuarial society in the United States, established a new system for evaluating students wishing to gain entrance into the actuarial profession. The new system stipulated that prospective actuaries be evaluated by a series of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"page_category":[],"wf_page_folders":[288],"class_list":["post-2000","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/pages\/2000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/comments?post=2000"}],"version-history":[{"count":0,"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/pages\/2000\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/media?parent=2000"}],"wp:term":[{"taxonomy":"page_category","embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/page_category?post=2000"},{"taxonomy":"wf_page_folders","embeddable":true,"href":"https:\/\/www.qc.cuny.edu\/academics\/math\/wp-json\/wp\/v2\/wf_page_folders?post=2000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}