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?