International Student Meeting 09/05/2018 Penn State Actuarial Science Club

Agenda Big Picture General Resources How to Enrich Resume Education/Exams Activities/Leadership Related Work Experience Skills Graduate School Visa Issues

Name Company/Program Location Max Guo AIG New York, NY Tong Guo PwC Jiaxin Liang Falls Lake Insurance Raleigh, NC Ying Shi Phoenix Hartford, CT Eyan Su Wakely Consulting Clearwater, FL Cathy Wang Willis Towers Watson Washington, DC Mckayla Yang BC/BS of Western NY Buffalo, NY Zekun Zhang Excellus BC/BS Syracuse, NY Mavis Zhao Neptune, NJ Byung Kyu Choi Masters in Applied Statistics (MAS) State College, PA

Big Picture U.S. Pros : #1 job & STEM (RM students change CIP code) Cons : Sponsorship & Supply > Demand China Pros : Increasing Opportunity Cons : Higher Degree Preferred Canada / Singapore / Hong Kong / UK

General Resources PSU Resources Outside Resources Smeal Resource BA297A (Recommended for Sophomores) Eberly Resource Bank of America career center Outside Resources LinkedIn, Glassdoor…

Education GPA (cumulative & major) Major / Minor Actuarial Exams How to prepare? Timeline Important to pass Exam P & FM in Sophomore year 3/4 exams to get Full-Time Job (preferably with internship experiences)

Transition

RM 214 and Math/Stat 414 P exam ( Jan./March/May/July/Sept./Nov.) COURSES / EXAMS / VEES RM 214 and Math/Stat 414 P exam ( Jan./March/May/July/Sept./Nov.) RM 410 FM exam ( Feb./April/June/Aug./Oct./Dec.) RM 415 IFM exam ( March/July/Nov.) RM 411 & 412 LTAM (Exam: Friday, October 26, 2018; Deadline: Monday, September 24, 2018) RM 420 STAM exam (Feb./June/Oct.) STAT 462 & 463 SRM exam (Sept.) Registration deadline: 7/31 STAT 440 PA exam ( Exam: Dec.13; Deadline: Nov.20) VEE Economics: ECON 102/104 (at least B-) VEE Mathematical Statistics : STAT 415 (also helps RM 412) VEE Accounting and Finance : ACCT 211 and FIN 301 Registration closes at midnight U.S. Central Time

Activities/Leadership Never too late to start PSU resources: Be confident and find you passion Develop leadership roles Clubs Volunteer

Related Work Experience One is better than nothing What recruiters are looking for: Communication Teamwork Ability to learn

Skills Communication skills Interviews, emails, daily conservations Software Excel VBA SAS R Connor Grabowsk (ctg5142@psu.edu) or Nathan Putt (nrp5173@psu.edu) Python SQL Learning Platforms: Lynda/Datacamp/Coursera/University Online Courses

Graduate School Why is it a good option? How to prepare for the application? (GPA/Activities/Experience/Recommendation letter) Penn State Masters in Applied Statistics Program (M.A.S.)

Visa Issues For interns —CPT(Curricular Practical Training) Eligibility (a full-time basis for one academic year) Need to take RM395/SC294/STAT496 For Full Time jobs —OPT(Optional Practical Training) usually 12 months, STEM 24 months more An additional year of OPT at each higher degree level (i.e. Bachelor’s, Master’s, PhD.) No job offer needed —H1B Visa

Professor’s Advice Zhongyi Yuan, PhD & ASA Teaches RM 410 (Financial Math) in Fall Teaches RM 420 (SRM Exam = P&C and Health) in Spring

Points System Need to maintain student involvement and accountability Any academic/professional event counts as 1 point Must receive 2 points before career fair Must receive 5 total points throughout year Consequences: Inclusion in resume book (starting in October) Rewards: Special recognition in resume book for 10+ points Additional networking benefits in Fall 2019 for 15+ points Sign in at all events! https://www.psuactsci.com/resume-dropbox.html

Actuarial Science Career Fair Monday 9/17/18 from 5 to 8 PM in Atrium Over 30 companies Great place to find Internships 1st yr students can get internships if have exam or very good in Math To attend: Be in good standing with the actuarial science club (at least 2 events attended) Must do Mock Interview & meet with Mentor for course/exam advice GPA > 3.20, or A’s in Calculus, or Exam Passed Pay Club Dues Some firms (like MetLife and AXA) don’t attend Career Fairs So apply on their websites Grace McStravock https://www.psuactsci.com/uploads/6/6/9/3/66937875/2017_penn_state_actuarial_career_fair_brochure.pdf

Q & A Thanks for coming!

Faculty Steve Putterman, FSA SVP at Prudential and VP at Sun Life, Aetna, and Phoenix - Insurance and Annuity Divisions Teaches RM 412 (Pricing Life Insurance) & RM 214 (Probability) & RM 494H (Honors Course) in Fall Teaches RM 410 (Financial Math) & RM 214 (Probability) & RM 494H (Honors Course) in Spring Zhongyi Yuan, PhD & ASA Teaches RM 410 (Financial Math) in Fall Teaches RM 420 (STAM Exam: P&C Insurance)in Spring Nan Zhu, PhD & FSA Teaches RM 415 (Pricing Derivatives) in Spring Teaches RM 411 (Pricing Life Insurance) in Spring Ron Gebhardtsbauer, FSA Worked in Insurance, Pensions, American Academy of Actuaries, Congress Teaches RM 415 (Pricing Derivatives) in Fall Lisa Weaver, LLD Retirement Consultant, Teaches RM 401 (Pensions) each Spring Lisa Posey, PhD & Dave Cather, PhD Teach insurance and Risk Management Steve

DUES ARE $20 Pay Officer in Cash

RM Major - Actuarial Option with Stat Minor Yr Fall Spring 1st MATH 141§* (Calc II) – take CALC in summer if don’t place out ECON 102§ (Micro) VEE (B- or better or AP 4/5) ENGL 015/030§ (English Comp) PSU 006 First Year Seminar Foreign Language MATH 231§* (Calc III) SCM 200§ or STAT 200§ (Statistics) ACCTG 211§ (FIN 301 Pre-req) VEE MGMT 301§* (Management) 2nd STAT 414* (Probability Theory) P Exam in Jan RM 214 (Review of Probability Theory) Excel FIN 301§ (Finance) VEE MKTG 301§ (Marketing) Foreign Language & MATH 220 (Matrices) helps in 412/415 RM 410* (Financial Math) Excel; FM Exam in June HPA 057 (good GHA course) CAS 100 (Effective Speech) STAT 415# (Math Stat) VEE helps LTAM VEE ECON 104 (Macro) VEE 3rd RM 415 (Derivatives Markets) VBA; IFM in late November RM 320W (Insurance and Writing) BA 342 (Business Ethics) MIS 204 (Business Info Systems) Excel STAT 440# (Computational Stat) helps on PA Exam and a Gen Ed RM 411* (Life Contingencies) VBA; helps pass LTAM STAT 483# (better SAS class) or STAT 480/481/482 sequentially BLAW 341 (Business Law) ENGL 202D (Business Writing) 2 Gen Eds 4th RM 412* (Life Contingencies); LTAM Exam in late October STAT 462# (Regression Analysis) R for SRM and S exams RM 430 (Life & Health Insurance) BA 411 (Analyzing Business and Industry) and 2 Gen Eds RM 420* (P&C/Health) Stat allows as substitute or RM 401*(Pensions) Take STAM Exam in June or CAS S Exam in Oct STAT 463# (Applied Time Series) R for SRM and S exams 3 Gen Eds *C or better required. If C’s, consider other degree # for Stat minor § To Enter Major Mostly skip SEE SCHEDULING NOTES FOR IMPORTANT ADDITIONAL INFORMATION

Math Major - Actuarial Option with Stat Minor Yr Fall Spring 1st MATH 141§* (Calc II) – take MATH 140 in summer if don’t place out STAT 200 (Statistics) ENGL 015 ECON 102 (Micro) VEE (B- or better or AP 4/5) First Year Seminar MATH 230* (Calc III) MATH 220 (Matrices) helps 412/415/LTAM ECON 104 (Macro) VEE ACCTG 211 (FIN 301 Pre-Req) VEE CAS 100 (Effective Speech) 2nd STAT 414* (Probability Theory) RM 214 Excel; P Exam in Jan MATH 311W* (Discrete Math) FIN 301 (Corp Finance) VEE CMPSC 121 (Structured Computer Programming) RM 410* (Financial Math) Excel; FM Exam in June MATH 312* (Real Analysis) MATH 251 (Ordinary & Partial Differential Equations) STAT 415# (Mathematical Statistics) helps 412/415/S VEE HPA 057 (good GHA course) 3rd RM 415 (Derivatives Markets) VBA; IFM in late November RM 302 (Risk and Insurance) MATH 484 (Linear Programming) STAT 416# (Stochastic processes) RM 411* (Life Contingencies) VBA STAT 483# (better SAS class) MATH 451 (Numerical Computation) or MATH 486 (Game Theory) ENGL 202C (Business Writing) 4th RM 412* (Life Contingencies) LTAM Exam in late October STAT 462# (Regression Analysis) R helps on SRM Exam IE 425 (Operations Research) RM 420* (P&C/Health) -take STAM Exam in June or CAS S Exam Oct STAT 463# (Applied Time Series) R helps on SRM Exam Also add Gen Ed’s where appropriate *C or better required. If C’s consider other degree # for Stat minor § To Enter Major Mostly skip SEE SCHEDULING NOTES FOR IMPORTANT ADDITIONAL INFORMATION

Stat Major - Actuarial Option Yr Fall Spring 1st MATH 141§* (Calc II) – take MATH 140 in summer if don’t place out STAT 200 (Statistics) ECON 102 (Micro) VEE (B- or better or AP 4/5) Stat 184 (Intro to R) First Year Seminar MATH 230* (Calc III) ACCTG 211 (FIN 301 Pre-Req) VEE ECON 104 (Macro) VEE CAS 100 (Effective Speech) 2nd STAT 414* (Probability Theory) RM 214 Excel; P Exam in Jan FIN 301 (Corp Finance) VEE CMPSC 121 (Structured Computer Programming) RM 410* (Financial Math) Excel; FM Exam in June MATH 220 (Matrices) helps in 412/415/LTAM STAT 461 (Analysis of Variance) ENGL 202C STAT 380 (Data Science thru Statistical Reasoning & Computation) 3rd RM 415 (Derivatives Markets) VBA; IFM in late November RM 302 (Risk and Insurance) STAT 415 (Math Stat) helps on S/LTAM VEE STAT 464/466 (Nonparametric Statistics/Survey Sampling) RM 411* (Life Contingencies) VBA STAT 440 (Computational Stat) helps on PA Exam STAT 462 (Regression Analysis) R helps on SRM Exam HPA 057 (good GHA course) 4th RM 412* (Life Contingencies) LTAM Exam in late October STAT 483 (better SAS class) STAT 463 (Applied Time Series) R helps on SRM Exam STAT 440 (Computational Statistics) helps on PA Exam RM 420* (P&C/Health) can sub for 400-level Stat elective Take STAM Exam in June or CAS S Exam in Oct STAT 470W (Statistical Problem Solving) Also add Gen Ed’s where appropriate *C or better required. If C’s consider other degree § To Enter Major Mostly skip SEE SCHEDULING NOTES FOR IMPORTANT ADDITIONAL INFORMATION