1. Mass Meeting Fall 2018

2. What is an Actuary?
SAM Career Resources
SAM Social Events

3. High Level Definition
There are risks I want to take
There are risks I want to take
What are the financial implications today?
There is a cost for taking risks
Typically, insurance companies or consultants are tasked with answering this question...

4. Business Questions Actuaries Help Answer
How much should auto insurance on a self-driving car cost?
Which pharmaceutical drugs should a health insurer cover in their policies?
How should a life insurance company adapt to a low-interest rate environment?
What kind of executive compensation structure should a consultant recommend to their client?

5. Why Become an Actuary?
Top Ranked Job
High Demand & Growth
High Salary
Work/Life Balance
No Graduate School

6. How Do I Become an Actuary?
Major
Actuarial Math degree, but can also be other math-related subject
Exams
Given by SOA or CAS, series of professional exams that culminate in a FSA or FCAS credential
Internships
Good GPA + Pass Actuarial Exam(s) + Join SAM = Find Internship

7. Industry Overview
Insurance
Consulting
CAS
SOA

8. SOA Tracks
Health
Life
Retirement

9. CAS Tracks
Property
Casualty

10. Consulting

11. Additional Skills Business Computer Science Data Science Statistics
Economics

12. Exams and VEEs

13. Exam Reimbursement Policy
Step 1
Be a paid member of SAM
Declare actuarial math major
Be an enrolled student when exam is taken
Be an enrolled student when all materials submitted
Step 2
Fill out exam reimbursement form
Proof of passing (preliminary or official if preliminary isn’t provided)
Receipt of exam purchase
Resume
Step 3
Case 1 - Pass During
School Year:
Send materials to Professor Natarajan’s Office (EH 2855)
Case 2 - Pass Over Summer:
materials to Professor Natarajan
For Exams: You have 30 days to submit all materials to Professor Natarajan after receiving first proof of pass
Preliminary pass = 30 days from date of exam
Official pass = 30 days from date of official pass (6-8 weeks after exam date)
Timeline
For Further Information:

14. VEE Reimbursement Policy
Step 1
Be a paid member of SAM
Declare actuarial math major
Take VEE courses at Michigan
Be an enrolled student when all materials submitted
Step 2
Fill out exam reimbursement form
Proof of payment to SOA
Resume
SOA approval for VEE credit is NOT NEEDED!
Step 3
Case 1 - Apply During
School Year:
Send materials to Professor Natarajan’s Office (EH 2855)
Case 2 - Apply Over
Summer:
materials to Professor Natarajan
For VEEs: You have 30 days to submit all materials to Professor Natarajan after applying for VEE credit with the SOA
Note: Students can only apply for reimbursement after receiving all 3 VEEs or in their final semester of their senior year if all 3 are not achieved
Timeline
For Further Information:

15. What is an Actuary?
SAM Career Resources
SAM Social Events

16. Professional Workshops Office / Company Visits
What We Do
Professional Workshops
Actuarial Career Fair!
Office / Company Visits
Career / Exam Advice

17. Workshops Schedule 9/11 & 9/12 Resume 9/13 Freshman/Sophomore 9/17
Elevator Pitch
Interview
International
Resume OHs
Mock Interviews
9/11 & 9/12
9/13
9/17
9/18 & 9/19
9/20
9/14, 9/20, 9/24, & 9/25
9/ /3

18. 3rd Annual Actuarial Career Expo
21 Employers (so far) Where: Michigan League When: October 4th, 3-6pm Interview Day: October 5th, 8am-4pm Resume Book closes ONE week before fair

20. Company Visits 9/21 Auto-Owners 9/26 Willis Towers Watson 9/27
Jackson National Life
Blue Cross Blue Shield of Michigan
Deloitte
Milliman
Swiss Re
9/21
9/26
9/27
9/28*
10/3
10/8

21. More Professional Development Opportunities
LinkedIn Workshop
A Day in the Life of an Actuary
Excel Workshop
Speaker Series
Course/Exam Planning Workshop
SOA/CAS & Consulting/Insurance

22. What is an Actuary?
SAM Career Resources
SAM Social Events

23. SAM Social Events

24. Underclassmen Engagement

25. How to Join Membership Dues Name (First, Last) Uniqname UMID#
$35 for the year
Dues help fund all club activities
You won’t be reimbursed for actuarial exams if you don’t pay
Payment Methods
For BOTH payment methods, please include:
Name (First, Last)
Uniqname
UMID#
Venmo
Cash or Check
Pay on Venmo
Drop off a sealed envelope to Professor Natarajan’s Office (2855 EH)

26. Connect with SAM on Social Media!
“Student Actuaries at Michigan”
“University of Michigan Actuaries”

27. Visit SAM Website: sam.math.lsa.umich.edu

28. Freshman/ Sophomore Workshop
Upcoming Events
Resume
Workshop
Mass
Meeting
Freshman/ Sophomore Workshop
Office Hours +
SAM Mixer
GAME DAY!

29. Questions?
Contact Info:
Program Director: Professor Natarajan:
President: Nabil Ahmed:
VP: Brad Pineless:
Career Chair: Tom Rothwell:
Career Chair: Kristen Miele:
Secretary: Yuan (Vera) Shi:
Treasurer: Liam Flynn:
International Liaison: Zhendong Chen:
Social Chair: Erica Dawson:
Webmaster: Nomin Bat-Otgon:
IM Chair: Max Weide:
UC Ambassador: Jiazhen Yang: