1 / 13

UMD Actuary Club

September 20, 2012. UMD Actuary Club . What is the Actuary Club?. Educational & Social Club Goals: Raise career awareness & promote Stat/Actuarial Science Major Help simplify the actuarial career path– Exams, VEE, etc. Increase exam pass rate and exam support Facilitate networking.

viola
Download Presentation

UMD Actuary Club

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. September 20, 2012 UMD Actuary Club

  2. What is the Actuary Club? • Educational & Social Club • Goals: • Raise career awareness & promote Stat/Actuarial Science Major • Help simplify the actuarial career path– Exams, VEE, etc. • Increase exam pass rate and exam support • Facilitate networking

  3. This years activities • Speakers • Other events • Actuary Career Fair, Thursday Oct 4th. • Bowling/Social events

  4. What is an Actuary? • An Actuary analyzes the financial consequences of risk . They use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs • Generally work in insurance and consulting industry. • Life and Health • Property & Casualty • Retirement & Pension

  5. Professional Actuarial Organizations • Society of Actuaries (SOA) • Life/Health/Risk • Designations: ASA, FSA, CERA • Casualty Actuarial Society (CAS) • Property & Casualty • Designations: Associate (ACAS), Fellow (FCAS)

  6. Exam Process • Jointly Administered by SOA and CAS • Exam 1/P: Probability • Exam 2/FM: Financial Mathematics • Exam 3F/MFE: Models for Financial Economics • Exam 3L/MLC: Models for Life Contingencies and Statistics • Exam 4/C: Construction and Evaluation of Actuarial Models

  7. Exam Prep at UMD • Exam 1/P • STAT 3611, STAT 5571 STAT 5531 • Exam 2/FM • FMIS 3601 • Available Study Manuals in Math Dept. Office

  8. VEE • What is it? • Validation by Educational Experience • Corporate Finance • FMIS 3601 (Corporate Finance) • Applied Statistical Methods • STAT 5511 (Regression) • ECON 4040 (Tools: Apps for Econ Analysis) • Economics • ECON 1022 (Macro) & ECON 1023 (Micro) OR • ECON 3022 (Macro Analysis) & ECON 3023 (Micro Analysis)

  9. Salaries from DW Simpson

  10. What else can you do with a Stats/Actuarial Science Major? • Statistics is used in a wide variety of fields • Business • Health and Medicine • Government • Physical Sciences • Environment

  11. Employers Attending Career Fair • Allianz Life Insurance Company • Ameriprise Financial • Aon Hewitt • Assurant Health • Blue Cross Blue Shield of Minnesota • Federated Insurance • Gross Consulting • Humana • Liberty Mutual • Mercer • Milliman • Securian Financial Group • Target • Thrivent Financial for Lutherans • The Travelers Companies, Inc. • Towers Watson • United Health Group • Van Iwaarden Associates

  12. Useful Websites • http://www.d.umn.edu/math/Actuaryclub/index.html • http://www.beanactuary.org/ • http://www.soa.org/ • http://www.casact.org/ • http://www.amstat.org/

  13. Questions??

More Related