Introduction to Actuarial Exams - MSU Actuarial Science Club

105 Pages·2012·0.77 MB·English

by  James Risk

Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction to Actuarial Exams
James Risk
MichiganStateUniversity
September 20, 2012
JamesRisk IntroductiontoActuarialExams
(cid:73) Passed Exam 2/FM August 2010 (first try), score 9
(cid:73) Passed Exam 3C/MLC May 2012 (first try), score 8 (note this
sitting was the first sitting after the syllabus changed, and was
rumored to be one of the hardest sittings in actuarial exam
history. Several people petitioned the SOA to get refunds
and/or get the grades to curve).
Outline
Introduction
Exams
GeneralTimeline
Resources
My Credentials (i.e. my bragging slide)
(cid:73) Passed Exam 1/P January 2010 (first try), score 7
JamesRisk IntroductiontoActuarialExams
(cid:73) Passed Exam 3C/MLC May 2012 (first try), score 8 (note this
sitting was the first sitting after the syllabus changed, and was
rumored to be one of the hardest sittings in actuarial exam
history. Several people petitioned the SOA to get refunds
and/or get the grades to curve).
Outline
Introduction
Exams
GeneralTimeline
Resources
My Credentials (i.e. my bragging slide)
(cid:73) Passed Exam 1/P January 2010 (first try), score 7
(cid:73) Passed Exam 2/FM August 2010 (first try), score 9
JamesRisk IntroductiontoActuarialExams
Outline
Introduction
Exams
GeneralTimeline
Resources
My Credentials (i.e. my bragging slide)
(cid:73) Passed Exam 1/P January 2010 (first try), score 7
(cid:73) Passed Exam 2/FM August 2010 (first try), score 9
(cid:73) Passed Exam 3C/MLC May 2012 (first try), score 8 (note this
sitting was the first sitting after the syllabus changed, and was
rumored to be one of the hardest sittings in actuarial exam
history. Several people petitioned the SOA to get refunds
and/or get the grades to curve).
JamesRisk IntroductiontoActuarialExams
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction
Exams
General Timeline
Resources
JamesRisk IntroductiontoActuarialExams
(cid:73) The preliminary exams are generally the same within the two
societies, and you can take one and have it count for another.
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction
(cid:73) Actuarial Exams are standardized tests offered by the SOA
and CAS.
JamesRisk IntroductiontoActuarialExams
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction
(cid:73) Actuarial Exams are standardized tests offered by the SOA
and CAS.
(cid:73) The preliminary exams are generally the same within the two
societies, and you can take one and have it count for another.
JamesRisk IntroductiontoActuarialExams
(cid:73) The point of this talk is to explain how to sign up for exams,
how to set yourself up for exams, and to introduce additional
resources useful for this process.
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction (cont’d)
(cid:73) MSU offers courses that delve into exam material. All 5 exams
are covered to some extent, but it is highly recommended
(almost necessary) to study on your own with a study manual.
JamesRisk IntroductiontoActuarialExams
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction (cont’d)
(cid:73) MSU offers courses that delve into exam material. All 5 exams
are covered to some extent, but it is highly recommended
(almost necessary) to study on your own with a study manual.
(cid:73) The point of this talk is to explain how to sign up for exams,
how to set yourself up for exams, and to introduce additional
resources useful for this process.
JamesRisk IntroductiontoActuarialExams
(cid:73) In order to sign up for exams, visit www.prometric.com/soa to
identify computer based testing centers. There is one located
in East Lansing. You can sign up for the exam there. The
price of exam varies from $200-$375
Outline
Introduction
Exams
GeneralTimeline
Resources
Introduction (cont’d)
(cid:73) The 5 preliminary exams are necessary to become an A.S.A.
(with a few additional requirements), after which you can
branch out into more specialized fields to obtain an F.S.A..
To become an F.S.A. is one of the highest accomplishments in
the actuarial field. The CAS has analogous certifications on
the Casualty side of things.
JamesRisk IntroductiontoActuarialExams