An Introduction to the field of Actuarial Science.

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Presentation transcript:

An Introduction to the field of Actuarial Science

Actuarial Designations Associate of the Society of Actuaries (ASA) Complete all 5 preliminary exams Complete all VEE credits Complete Fundamentals of Actuarial Practice (FAP) modules Chartered Enterprise Risk Analyst (CERA) Complete Exams P, FM, MFE, C Complete Advanced Financial Economics (AFE) Exam Note: ASA is also given to those who complete the criteria for the CERA designation

ERM and FSA Enterprise Risk Management module and exam After completion of ASA, additional modules and completion of specialized series of exams allows one to be eligible to earn the FSA designation CERA and ERM only through SOA NOTE: Please visit for more detailed information.

SOA Exams There are 5 preliminary exams that you should begin as soon as possible to increase your employability Exam P – Probability Math 321, 323 Exam FM – Financial Mathematics ACSC 325 Exam MLC – Modeling Life Contingencies ACSC 327, 427, 527 Exam MFE – Modeling Financial Economics ACSC Exam C – Credibility ACSC 533, Stat 421, 433, 437

Validation by Educational Experience (VEE credits) There are three VEE topics that you must complete Economics Econ 201 and Econ 203 OR Econ 301 and Econ 303 Corporate Finance Finance 317 OR ACSC 425 (Note: Acct 317 not allowed) Applied Statistics Stat 429 and Stat 505 OR just Stat 431

SOA Approved Calculators BA-35 BAII Plus ** (Used in FNCE 317) ~ $45 BA II Plus Professional Edition ** ~ $70 TI-30Xa TI-30XIIS ** ~ $25 TI-30XIIB TI-30XS MultiView TI-30XB MultiView

Actuarial Students’ National Association (ASNA) Consists of Actuarial students from across Canada Largest Actuarial job fair in North America An annual convention that usually has speakers from the SOA, CIA and CAS Travel funding available – ask us for details! This year’s conference is from 3-5 of January, 2014 in Toronto, hosted by University of Waterloo.

Upcoming events Towers Watson Info Session – September 23 Mercer Info Session – October 3

Accreditation program through CIA only Exemption for certain CIA professional exams depending on the grades earned in the designated university courses You can find more details about the CIA accreditation program at the following website:

University of Calgary Actuarial Society (UCAS) Membership is $10 Extensive Test bank covering most of the courses you will be taking ( Password protected, access to members only. Offer midterm/final review sessions for ACSC 325, ACSC 327 and MATH 321 Great networking in the Actuarial and business community Great resource for questions about the profession since many of our execs have internship experience

Questions? Website: Facebook: UCAS - University of Calgary Actuarial Society Office: MS 522 (office hours posted on our website)