1. SAM New Member Orientation

2. Agenda Actuarial Profession Recap What to Expect from SAM
Underclassman Curriculum
Scholarship Information
Advice
Q&A

3. Popular Insurance and Consulting Industries
What is an Actuary?
Actuary: A business professional who analyzes the financial consequences of risk (uncertain future events)
Property & Casualty
Life
Health
Finance
Pension
Investing
Popular Insurance and Consulting Industries

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

7. 4th Annual Actuarial Career Expo
22 Employers (so far) Where: Michigan League When: September 18, 9am-1pm Interview Day: September 19, 8am-4pm Resume Book closes ONE week before fair

8. Actuarial Mathematics Major
In addition to SAM, there is a major in the mathematics department that supports Michigan’s undergraduate actuarial community
The actuarial profession has professional exams which are administered by governing actuarial organizations
Actuarial Curriculum
Professional Exams

9. Curriculum of a student without calculus I or II
FALL
WINTER
EXAM / INTERNSHIP
MA 115
MA 116
ECON 101
ECON 102
EECS 183
MA 215
MA 425
Exam P – Jul/Sep
ACC 300
MA 217

10. Curriculum for a student with calculus I and II
FALL
WINTER
EXAM / INTERNSHIP
MA 215
MA 425
Exam P – Jul/Sep
ECON 101
ECON 102
EECS 183
MA 424
MA 423
Exam FM – Feb/Apr
MA 217
FIN 302
Internship
ACC 300
Have Calc III credit? Please stay after briefly

11. ACTUARIAL MATH - REQUIREMENTP R
E R EQ
MA 215 (*)
Calculus III OR
255/285/295
MA 217 (*)
Linear
Algebra
OR 296/395
ECON 101
Microeconomics
(SOA VEE Economics)
ECON 102
Macroeconomics
(SOA VEE Economics)
EECS 183
Elementary
Programming
Concepts
STATS 426 (*)
Introductory
Theoretical
Statistics
(SOA VEE Mathematical Statistics)
MA 316 (*)
Differential Equations OR MA 286
MA 423 (*)
Mathematics of
Finance
(Exam IFM)
MA 425 (*)
Introduction To
Probability
(Exam P)
BASIC
Courses
MA 424 (*)
Compound
Interest &
Life Insurance
(Exam FM)
MA 520 (*)
Life
Contingencies
Part I
(Exam LTAM)
MA 521
Life
Contingencies
Part II
(Exam LTAM)
MA 523 (*)
Loss
Models I
(Exam STAM)
MA 524
Loss
Models II
(Exam STAM)
CORE
Courses
TO 414
Advanced Analytics for Management Consulting
(Exam PA)
FIN 302
Making Financial Decisions
(SOA VEE
Accounting & Finance/
Exam IFM)
ACC 300
Financial Accounting
(SOA VEE
Accounting & Finance)
Cognates
Suggested
Choose 2/4
STATS XXX
(Exam SRM)
9/1/2018
(*) Min Grade of C Minus Required

12. ACTUARIAL MATH - REQUIREMENTP R
E R EQ
MA 215 (*)
Calculus III OR
255/285/295
MA 217 (*)
Linear
Algebra
OR 296/395
ECON 101
Microeconomics
(SOA VEE Economics)
ECON 102
Macroeconomics
(SOA VEE Economics)
EECS 183
Elementary
Programming
Concepts
STATS 426 (*)
Introductory
Theoretical
Statistics
(SOA VEE Mathematical Statistics)
MA 316 (*)
Differential Equations OR MA 286
MA 423 (*)
Mathematics of
Finance
(Exam IFM)
MA 425 (*)
Introduction To
Probability
(Exam P)
BASIC
Courses
MA 424 (*)
Compound
Interest &
Life Insurance
(Exam FM)
MA 520 (*)
Life
Contingencies
Part I
(Exam LTAM)
MA 521
Life
Contingencies
Part II
(Exam LTAM)
MA 523 (*)
Loss
Models I
(Exam STAM)
MA 524
Loss
Models II
(Exam STAM)
CORE
Courses
TO 414
Advanced Analytics for Management Consulting
(Exam PA)
FIN 302
Making Financial Decisions
(SOA VEE
Accounting & Finance/
Exam IFM)
ACC 300
Financial Accounting
(SOA VEE
Accounting & Finance)
Cognates
Suggested
Choose 2/4
STATS XXX
(Exam SRM)
2 math classes a semester
9/1/2018
(*) Min Grade of C Minus Required

13. Scholarships https://sam.math.lsa.umich.edu/scholarships/

14. Advice Don’t be overwhelmed! By being here, you’re already ahead
Attend the Actuarial Career Fair to gain experience speaking with companies. They will recognize you next year
Take as many pre-reqs as you can, focus on your GPA
It is not necessary to take honors level classes (ie. Take MATH 116/Regular Calc 2 instead of MATH 186/Honors Calc 2)
Go to as many SAM events even if you are not sure. It will help!
Network, be involved, meet with other actuaries and learn about the program
Meet with Roger Natarajan or SAM Board Members if you have any questions about classes, exams, working at companies

15. https://sam.math.lsa.umich.edu/calendar/

16. Questions? Contact for further questions:
Program Director: Professor Roger Natarajan,
VP: Mark Cappaert,
UC Ambassador: Liam Clancy,
Social Chair: Ghyanka Mendoza,
Upcoming Events:
Resume Workshop - September 9
Interview Workshops - September 10-11
International Students Career Workshop – September 12
Mock Interviews – September 12 – October 17
SAM Mixer – September 20