The following information is provided for students who intend to take
the
Actuarial Examinations and want to know what courses might provide an
adequate background. Note: In all cases, the correlation is only
approximate. Students should obtain the texts and study notes suggested
by the Actuarial Society for the given examination and review
their relevant parts before taking the examination. For information
about the content of the exams and study guides, please contact the
Society of Actuaries, www.soa.org, or call them at 1-(847)-706-3500.
Course Exam 1 - Mathematical Foundations of Actuarial
Science
This exams looks for a knowledge of fundamental mathematical tools
for quantitatively assessing risk. The application of these tools to
problems encountered in actuarial science is emphasized. This exams
includes calculus and topics in probability. A basic knowledge of
insurance and risk management is required. Recommended coursework: Math
124, 125, 126 Calculus; Math 394 Probability.
Course Exam 2 - Interest Theory, Economics and Finance
This exam covers interest theory (discrete and continuous,
intermediate microeconomics and macroeconomics and the fundamentals of
finance. It assumes a basic knowledge of calculus and probability.
Recommend coursework: Econ 200, 201 Microeconomics and
Macroeconomics, basic finance.
Course Exam 3 - Actuarial Models
A knowledge of calculus, probability and interest theory are
required, along with some knowledge of risk management. Recommended
coursework: Math 394 and 395
Probability and Statistics 341 and 342 Introduction to
Probability
and Statistical Inference
Course Exam 4 - Actuarial Modeling
An introduction to modeling, including actuarial and statistical
methods used in modeling. A thorough knowledge of calculus, linear
algebra, probability and mathematical statistics is required.
Recommended coursework: Math 308 Linear Algebra
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