1. Actuarial Science (ACS) Major Information Session
Hosts:
Professor Tse Yiu Kuen, PhD, FSA
Education Professor Kwong Koon Shing, PhD, FSA, CERA
Student Speakers:
Ho Xiang Ying
Tay Kai Xun
Time: Feb 16, Thurs, 3:45 – 5:15 pm
Venue: SOSS/SOE SR5.1

2. Summary A second major open to all students in SMU, offered by SOE
For students with interest in mathematics and a career in actuary, finance, insurance and risk management
Structured after the education framework of the Society of Actuaries
Two tracks:
Actuarial analyst (AA) track
Risk analyst (RA) track

3. Where does an actuary work?
insurance industry, in life insurance, nonlife insurance (health, casualty, property and liability) and reinsurance companies
consulting firms
government insurance department (MAS)
Professional path: ASA, FSA
Where does a risk analyst/manager work?
insurance companies
banks and financial institutions
health care, transport, manufacturing industries, etc
Professional path: CERA

4. Compulsory courses for AA track
STAT 101 Introductory Statistics or STAT 151 Introduction to Statistical Theory
STAT 201 Probability Theory and Applications
STAT 203 Financial Mathematics
ECON 205 Intermediate Mathematics for Economics
ECON 101 Intermediate Microeconomics
ECON 102 Intermediate Macroeconomics
ECON 107 Introduction to Econometrics
ECON 207 Intermediate Econometrics or ECON 233 Economic Forecasting
STAT 310 Life Contingent Risks
STAT 311 Risk Theory and Loss Models or FNCE 305 Analysis of Derivative Securities
ACCT 101/111 Financial Accounting
FNCE 101 Finance
FNCE 102 Financial Instruments, Institutions and Markets or FNCE 201 Corporate Finance

5. Compulsory courses for RA track
STAT 101 Introductory Statistics or STAT 151 Introduction to Statistical Theory
STAT 201 Probability Theory and Applications
STAT 203 Financial Mathematics
ECON 205 Intermediate Mathematics for Economics
ECON 107 Introduction to Econometrics
ECON 207 Intermediate Econometrics or ECON 233 Economic Forecasting
FNCE 305 Analysis of Derivative Securities or STAT 310 Life Contingent Risks
STAT 311 Risk Theory and Loss Models
STAT313 Quantitative Risk Analysis
ACCT 101/111 Financial Accounting
FNCE 101 Finance
FNCE 102 Financial Instruments, Institutions and Markets or FNCE 201 Corporate Finance

6. How many courses do you need to do to complete the ACS major?
For students in Admit Year onwards:
If you are a BSc (Econ) student, the min is 38.
If you are a BBM (FNCE) student, the min is:
39 for AA track and 38 for RA track.