1. Mass Meeting Winter 2019

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

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

4. 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...

5. 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?

6. Why Become an Actuary? Top Ranked Job High Demand & Growth High Salary
Work/Life Balance
No Graduate School
Job growth at 18%
Median Pay is 101k

7. 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
Major: Prof Natarajan will be covering with more details later, see also mass advising slides on SAM webiste
Exams: next slide
Internships: SAM members have the opportunity to work at many different companies and industries, outlined in following slides
Internships
Good GPA + Pass Actuarial Exam(s) + Join SAM = Find Internship

8. Exams and VEEs Reimbursement and study manual rental
LTAM is not for CAS

9. CAS SOA Industry Overview Insurance Consulting
SOA is for life, health, and retirement, and CAS is for property and casualty

10. SOA Tracks
Health
Life
Retirement

11. CAS Tracks
Property
Casualty

12. Consulting

13. Additional Skills Business Computer Science Data Science Statistics
Economics
Being an actuary is a unique blend of all of these disciplines

14. What is an Actuary? SAM Career Resources SAM Social Events
Kristen and Tom presenting the rest of the slides

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

16. Upcoming Schedule 1/18 Excel Workshop SAM Party! 1/24
Humana Speaker Series
Basics of Finance
International
Resume OHs
Mock Interviews
1/18
1/24
1/29
9/20
9/14, 9/20, 9/24, & 9/25
9/ /3
Excel workshop is awesome! Great even if you don’t wanna be an actuary, hosted by Nabil

17. Visit SAM Website: sam.math.lsa.umich.edu
fix

18. What is an Actuary? SAM Career Resources SAM Social Events
I recommend…

19. Social Events! SAM Party 1/18 Coffee Chats Bowling Paint the Rock
Mentorship Program
Chill, fun time College casual, at Erica’s house
9/8 nabil made some edits to colors to make things a bit more readable

20. SAM Board Elections Elections will be held in March
Pre-election interviews with Senior Board Members
Details will be sent out later
Something to keep in mind for committed students
Please come vote in elections!
Unlike previous years, elections will be earlier this year. We want to make sure that students understand the commitment that they are making to SAM, which is why we are holding interviews before the elections. There will also be a longer training period this year in April.

21. Dues Reminder 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 dues
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)
Mention that they’re paying $35 for a reimbursement of over $200 for exams

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

23. Pick up a SAM t-shirt if you paid dues!

24. 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: