THE ACTUARIAL STUDIES TRACK: EXAM STRUCTURE
The actuarial exam structure requires students to take certain college courses, which will earn them Validation by Educational Experience (VEE) Credit. The Societies have approved certain courses within our course sequences to count for VEE credit in Economics, Corporate Finance, and Applied Statistical Methods.
Below are the courses we recommend as preparation for which exam and which courses have been approved for VEE credit. A grade of B- or better is required to obtain VEE credit.
|VEE Credit||Required Courses|
|VEE in Applied Statistics||
Mathematical Statistics (MATH/APPM 4520 or ECON 6818) and Time Series (MATH/APPM 4540). [Although they are not required for the program, taking ECON 3818 and 4818 together also meets the requirement.]
|VEE in Economics||
Intermediate Microeconomics (ECON 3070) and Intermediate Macroeconomics (ECON 3080).
|VEE in Corporate Finance||
Corporate Finance (FNCE 3010)
|SOA Exam||Recommended Courses|
|SOA Exam P||Probability (MATH 4510 or APPM 3570) and Mathematical Statistics (MATH/APPM 4520) are recommended.|
|SOA Exam MF||
Corporate Finance (FNCE 3010), Investment and Portfolio Management (FNCE 4030), and Derivatives (FNCE 4040). Self study is also required.
|SOA Exam MFE||Derivatives (FNCE 4040) and Markov Processes, Queues, and Monte Carlo Simulations (APPM 4560) are recommended. Stochastic Processes (MATH 6550) would also be good preparation.|