1. MFE C Economics MLC ACTUARIAL SCIENCE Statistics S Finance MATH P FM
New Student Advising
November 7, 2016
MFE C
Economics
MLC
ACTUARIAL SCIENCE
Statistics S
Finance
MATH P FM

2. Actuarial Science Major Requirements
Act Sci 650 –Actuarial Math
Act Sci 653 or Act Sci 651 – Second semester of 652/650
Act Sci 654 or Act Sci 655 or Econ 301 or Math 632 – Advanced Statistics
Stats 309 or Stats 311 or Math Probability
Act Sci Review course for probability (1 cr)
Act Sci Interest Theory
Act Sci Review course for Interest Theory (1 cr)
Stats 310 or Statistics
Act Sci 652 – Loss Models

3. UW Courses Related to Actuarial Professional Exams
Revised Fall 2016
Course P/1
(Probability)
Math 431, Stat 309 or Stat 311
and
Act Sci 300
Act Sci 303
and
Course FM/2
(Financial Mathematics)
Act Sci 301
Course C/4
(Construction & Evaluation of Actuarial Models)
Act Sci 652
and
Act Sci 653
Act Sci 365*
and/or
Fin 330*
Course MFE/3F
(Financial Economics)
Act Sci 650
and
Act Sci 651
Course MLC (SOA only)
(Life Contingencies)
Act Sci 650
and
Stat 310/312
and
Act Sci 654
Course S (CAS only)
(Statistics)
*About 50% of the material for exam MFE/3F is covered in Fin Act Sci 365 is a 1 credit review course for exam MFE. Some students will take both courses, others will cover material more on their own and take review course to prepare for the exam.

4. Validation for Educational Experience (VEE)
Revised Fall 2016
Econ VEE
Econ 101 and Econ 102 or
Econ 111
Fin 300
and
Fin 320
Finance VEE Or
Econ 410
Stat 333 and Stat 349
Act Sci 654 Or
Act Sci 655 Or
Statistics VEE (SOA only starting 2015*)
Students must earn a BC or better in these courses in order to get credit for their educational experience.
Student apply for VEE credit separately for each topic and must include official original transcript.
Should you not be able to satisfy these requirements while in school, there are other approved courses/options, mostly online. However, we advise strongly to attempt to take the coursework here at the UW to meet the requirements.
*CAS transition rules apply

5. Actuarial Professional Exam Offerings
Based on 2015 sittings
Exam
Dates offered
P/1
Mid-January, late March, mid-May, late July, late September, mid-November
FM/2
Late February, mid-April, mid-June, mid-August, mid-October, mid-December
MFE/3F
Mid-March, mid-July, late November
C/4
Mid-February, late June, early October
MLC
Late October, Late April S
Early May, late October

6. High School Calculus AB or BC
Academic Year
Fall
Spring
First
Courses:
Math 222
    
Actuarial Exam:
Act Sci 303 Act Sci 301 Math 234
Actuarial Exam: FM/2
Second
Probability
Act Sci 300
Actuarial Exam: P/1
Statistics
Third
Act Sci 652
Act Sci 653
Actuarial Exam: C/4
Fourth
Act Sci 650
Act Sci 654 or Act Sci 655
Actuarial Exam: S
Act Sci 651
Actuarial Exam: MLC
High School Calculus AB or BC

7. No High School Calculus
Academic Year
Fall
Spring
First
Courses:
Math 221
    
Actuarial Exam:
Math 222
Second
Act Sci 303
Act Sci 301 Math 234
Actuarial Exam: FM/2
Probability
Act Sci 300
Actuarial Exam: P/1
Third
Statistics
Act Sci 652
Act Sci 653
Actuarial Exam: C/4
Fourth
Act Sci 650
Act Sci 651
Act Sci 654 or Act Sci 655
 Actuarial Exam: MLC or S
No High School Calculus

8. Considerations
Get Involved. We have an unbelievable actuarial science community here at UW-Madison. So many great people to meet and learn from: students, professors, visiting professionals. Take advantage of everything that our program has to offer to you.
Second Major. Consider taking Risk Management and Insurance as a second major. Also popular is Finance.
Studying Abroad. Many of our students will study abroad and with us now offering the 600 level courses every semester it gives more options to do so. Studying abroad can be very educational and fulfilling.

9. Study Materials ASM Actex BPP Check the library! TEL website
Manuals, Flashcards, Practice Exams
Actex
BPP
Check the library!
TEL website
SOA/CAS Provided Problems

10. Professional Exam Advice
Take the Exams. If you’ve been studying but don’t think you’ll do very well, take it anyway. It’s the best way to find out what you need to work on.
Take the exams while the knowledge is fresh in your mind. The longer you wait, the more you forget, the more you have to re-study.
Practice Makes Perfect, especially practice problems. Exam problems might be in a format you haven’t seen in class. The best way to look out for this is to do old exam problems.
Form study groups!

11. Additional Resources www.beanactuary.com www.actexmadriver.com

12. Group Time!!! Break off into small groups with a leader in your area.
Ask questions! Now is the time!
Talk about next semester classes and beyond!