Actuarial Pathway October 27, 2017

Agenda -Course Options Classes Schedules General Advice -Career Options The Two Societies Exams and VEEs Careers

Course Options Scheduling Made Easy

PSTAT Classes https://my.sa.ucsb.edu/public/curriculum/coursesearch.aspx

Progression of Classes

BS in Actuarial Science http://www.pstat.ucsb.edu/undergrad/actuarial-science/bs

Possible Schedules

Possible Schedules (Regular Track)

Possible Schedules (Transfer Students)

Combined BS/MS in Actuarial Science http://www.pstat.ucsb.edu/undergrad/actuarial-science/bs-ms

Possible Schedules (Grad Students)

General Advice Raya Feldman (Graduate, feldman@pstat.ucsb.edu, SH 5516) April Campbell (Undergraduate, campbell@pstat.ucsb.edu, SH 5607B)

Questions?

Which Society and Track? Career Options Which Society and Track?

The Two Societies: SOA and CAS Website: http://www.casact.org/ Membership Information: About 6,500 members http://www.casact.org/about/vital/2013May.pdf Lines of Work: Property and Casualty SOA Website: https://www.soa.org/ Membership Information: About 28,000 members https://www.soa.org/about/member-stats-surveys/ Lines of Work: Health and Benefits Life Retirement

SOA “Specialty Tracks” CAS “Practice Areas” Retirement Benefits Group and Health Individual Life and Annuities General Insurance Corporate Finance and Enterprise Risk Management (CFE) Quantitative Finance and Investment (QFI) Enterprise Risk Management Predictive Modeling Ratemaking Reserving https://www.soa.org/future-actuaries/career-paths/ http://www.casact.org/area/

The Two Societies: SOA and CAS Pathways https://www.soa.org/pathway/ http://www.casact.org/admissions/process/

Be An Actuary: http://www.beanactuary.org/ Employment Information: http://www.beanactuary.org/jobs/?fa=jobs-by-type-of-employer

Exams and VEEs http://www.pstat.ucsb.edu/undergrad/actuarial-science/exam

Links to Exam Syllabi Exam P/1: https://www.soa.org/Files/Edu/2017/edu-2017-05-p-syllabus.pdf Exam FM/2: https://www.soa.org/Files/Edu/2018/february-exam-fm-syllabus.pdf Exam IFM/3F: https://www.soa.org/Files/Edu/2017/edu-2017-11-mfe-syllabus.pdf Exam MLC: https://www.soa.org/Files/Edu/2017/fall/edu-2017-fall-exam-mlc-syllabus.pdf Exam MAS I: http://www.casact.org/cms/files/Exam_MAS-I_2018_v20_2017_01_13_2.pdf Exam MAS II: https://www.casact.org/cms/files/Exam_MAS-II_2018_v20_2017_01_13_1.pdf Exam 5: http://www.casact.org/admissions/syllabus/Exam5.pdf

Exam Flowchart

General Exam Info How to sign up for an exam Choose exam and register: https://www.soa.org/Education/Exam-Req/Registration/edu-registration.aspx Choose CBT for P, FM, MFE, C Check for due dates: https://www.soa.org/Education/Exam-Req/Exam-Day-Info/edu-2017-cbt-test-schedule.aspx Exam costs P, FM: $225 IFM (MFE): $325 LTAM (MLC), STAM (C): $375 CAS Exams: http://www.casact.org/admissions/syllabus/index.cfm?fa=exam_reg How to study for an exam Exam manuals: April Campbell Online sites: Coaching Actuaries, The Infinite Actuaries Practice exams: Coaching Actuaries code: UCSB25OFF Exam Scoring Immediate preliminary results from CBTs Official score about 12 weeks later 6-10 (pass); 0-5 (fail) Pass Rates: (http://www.actuarial-lookup.com/pass-rates) P/1: 41.2% FM/2: 47.5% MFE/3F: 45.4% MLC: 41.5% C: 45.5% Exam S: 48.2% Exam 5: 39.6% Exam 6: 37.2%

Future Exam Benefits Career: Single payment bonuses and salary increases Measure of success, progression of career Move to higher positions once more credentialed Exam Reimbursement While Still in School: Reimbursement of 2nd+ passed exams Need receipts as proof of payment, and passing scores from SOA Fill out form with Jerry Chung (chung@pstat.ucsb.edu) BARC will reimburse you at the end of the quarter This pays off any outstanding charges, or you can ask BARC for a check in the mail

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Questions?

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