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Officers and Website. President – Edison Mora Vice President – Jibum Lee Secretary – Victor LoFranco Treasurer – Nicole Gribben Website: http://statistics.cos.ucf.edu/actuary-club/ For Facebook group just search Actuarial Science Club at UCF. What is Actuarial Science?. - PowerPoint PPT Presentation
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Officers and Website President – Edison Mora Vice President – Jibum Lee Secretary – Victor LoFranco Treasurer – Nicole Gribben
Website: http://statistics.cos.ucf.edu/actuary-club/
For Facebook group just search Actuarial Science Club at UCF
What is Actuarial Science?
A method of analyzing industries to predict future behavior
Usually for financial industries – Stocks, bonds, and insurance
Uses a variety of disciplines, mainly Mathematics and Statistics
Primary function is risk assessment
Where Do Actuaries Work?
Insurance industry (either property and casualty or life and health)
Financial institutions Consulting firms Government agencies Accounting firms
Why Be An Actuary?
Starting salaries $50,000 Excellent benefits Salary grows steadily as you pass exams Job security through economic cycles Dynamic and challenging career Currently ranked #1 job in USA according
to CareerCast.com
How To Become An Actuary
Professional certification is done through the Society of Actuaries (SOA) or the Casualty Actuary Society (CAS)
SOA has 5 preliminary exams
CAS has 6 preliminary exams
SOA vs. CAS
SOA CAS
Exam P Exam 1 Exam FM Exam 2 Exam MFE Exam 3F Exam MLC Exam LC, Exam ST Exam C Exam 4
Exam Scores are on a scale from 1-10.
A 6 or higher is considered a passing score.
The average pass rate (across all exams) is about 37%.
VEE Requirements
Economics: Microeconomics (ECO 2023)
Macroeconomics (ECO 2013)
Business: Business Finance (FIN 3403C)
Applied Statistics: Statistical Methods III (STA 4164)
Applied Time Series (STA 4852)
Membership
$10 a semester Eligible for a $10 club t-shirt Networking with other aspiring actuaries Potential visits from companies Check out study manuals for exams
Visits from
Florida Blue October 2nd and 3rd Recruiting for internships and potential job
positions Resumes
Hannover Life Also recruiting for internships or jobs Best date?
N.Y. Life Potential visit
Other
Exam fund Study sessions Next meeting?