Actuarial Science Program
Anyone who wishes to obtain professional standing as an actuary must successfully complete a series of examinations distributed by the Society of Actuaries.
The Department of Mathematics and Statistics at Memorial University runs these examinations several times a year. Examinations P and FM can be taken in any order and are often written by students in their third and fourth years to improve their chances of obtaining suitable employment after graduation. Remaining examinations are written by students and employees of actuarial firms, insurance companies, government, etc., in order to improve their qualifications.
Courses offered by the Department of Mathematics and Statistics will help prepare students for examinations P and FM, but individual study is also needed.
In order to successfully complete the examination, Course P (Probability), the student should have completed the following courses at Memorial University:
STAT 2510, STAT 2560, STAT 3410
In order to successfully complete the examination, Course FM (Financial Mathematics), the student should have completed the following course at Memorial University:
Part of the certification process is a program know as Validation by Educational Experience (VEE). Candidates can satisfy the requirements in Economics by obtaining a grade of B or better in each of Economics 2010 (Introduction to Microeconomics) and 2020 (Introduction to Macroeconomics). The requirements for Corporate Finance can be satisfied by obtaining a B or better in Business 4500 (Financial Management I) and 6510 (Investments). The requirements for Applied Statistics can be satisfied by obtaining a B or better in STAT 3521 (Regression) and 3540 (Time Series).
For further information, please contact:
Dr. M. M. Parmenter