EFFICIENCY Help you determine important study points UNDERSTANDING Provide explanations that help you quickly absorb conceptsCONFIDENCE Include many practice questions and sample exams

STUDENTWHAT IS AN ACTUARY? An actuary is a business professional who applies mathematics, finance, and statistics to analyze and predict the financial impact of uncertain events.

Actuaries manage risk in order to help insurance companies, government agencies, consulting firms, and other entities protect themselves from loss and to plan for the future. Actuaries have a variety of job responsibilities including analysis, research, strategy development, and written and verbal communication of results.

The actuarial profession is specialized, with fewer than 30,000 credentialed actuaries in the United States (compared to 1.8 million accountants). Actuaries enjoy high wages in an industry that is estimated to grow 27% by 2020.

– Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2012-13 Edition, Actuaries.

Actuarial Exam Process

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We opened our doors in 1972 with a simple goal: to help students navigate the actuarial examination process by offering quality educational and study support. Today, we offer a wide variety of actuarial exam prep materials to meet all learning styles. Our study manuals, textbooks, and online courses remain perennial favorites among students, helping them to build:

ACTEX Publications Has the Resources

THE EXPERTS IN ACTUARIAL EDUCATION

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40YEARS

Begin by taking undergraduate courses in general business, communication, and mathematical concepts to gain prerequisite knowledge.As actuarial students, you will need to have knowledge in a range of subjects in order to have the necessary foundation for the actuarial exam material. We encourage you to take classes that address the following areas:• Linear Algebra• Introductory Accounting• Calculus• Calculus-based Probability• Business Law• Writing

• Probability-based Statistics (sometimes called Applied Statistical Methods, Regression and Time Series)

• Corporate Finance (Intermediate Level)• Microeconomics and Macroeconomics

If available, take required undergraduate courses.All actuarial students are required to pass college level courses in these topics:

BECOMING AN ACTUARY

Get an internship in an actuarial department.Internships are an excellent way for you to practice interviewing and to gain valuable experience working in a government, professional insurance, or consulting business environment.

Enter the workforce and keep taking exams.Once you near graduation (or have graduated), and have passed one or two exams, you are ready to seek full-time employment.

After you have been hired by an insurance company, consulting firm, or government entity, you will be given opportunities to study and pass exams, and participate in other required educational offerings on the job as you further your career.

SOA Exam MLCModels for Life Contingencies

SOA Exam CConstruction and

Evaluation of Actuarial Models

SOA Exam P - Probability

SOA Exam FM - Financial Mathematics

CAS Exam LCLife Contingencies

SOA Exam MFEModels of Financial Economics

SOA/CASPRELIMINARY EXAMS

If possible plan to take the coursework listed here as an undergraduate. These courses are not prerequisites for the actuarial exams though, and may be taken while students are working on passing exams.If these courses are unavailable at your institution, or your schedule will not permit these classes, we offer online courses approved by the SOA that also meet these requirements.

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AT ACTEX WE PRIDE OURSELVES IN PROVIDING INFORMATION TO NEW STUDENTS. Please contact us with any questions as you develop your PATH TO SUCCESS!

Begin taking actuarial exams.There are five preliminary actuarial exams. Preliminary exams administered by the SOA will be accepted for credit by CAS.

Students have the flexibility of taking a few exams without having to immediately choose between the life/annuity and the property/casualty career paths.For more information on these exams visit www.SOA.org | www.BeAnActuary.org | www.CASAct.org

CAS Exam STConstruction and

Evaluation of Actuarial Models

Credit accepted by CAS

Credit accepted by CAS

Credit accepted by CAS

Credit accepted by CAS for Topic LC

Credit accepted by CAS

Exam offered by CAS

Exam offered by CAS

Mathematical Statistics)(sometimes called