Actuary Exam
Department of Mathematics and Actuarial Science

Our Actuarial Science courses and degree programs (both the BA and the MS) are designed with the requirements for certification by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) in mind. The Actuarial Science courses in the curriculum cover most of the topics in the syllabi of SOA Exams P, FM, MLC, MFE, and C, and CAS Exams 1, 2, 3F, 3L, and 4; the textbooks used are often those specified in the corresponding exam syllabus. While these courses provide an excellent means to prepare for the Societies' exams, they cannot cover all of the topics on the exams. With some self-study, undergraduate students should be prepared to take the first two exams before graduation, and graduate students by the end of their first year.

In addition to their exams, the Actuarial Societies are requiring demonstration of competence in the areas of economics, finance, and applied statistics, known as Validation by Educational Experience (VEE). Each VEE requirement may be satisfied by passing, with grades of A or B, courses which the Societies have approved. Roosevelt University has received approval for courses in all three areas, and both undergraduate and graduate students can complete all three VEE requirements before graduation. The necessary courses are a required part of the undergraduate major and minor and may be taken as part of a graduate degree program.

By graduation, all actuarial students will be well prepared to progress up the ladder of success in this field.

The tables below show how our courses correspond to the Actuarial Societies' Exams and VEE requirements.

* Financial Mathematics II being developed for Spring 2009