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We are a Coaching Actuaries Preferred Club!
We are a Coaching Actuaries Preferred Club!
As a member of UMD Actuary Club, you receive discount codes specific to our club for Coaching Actuaries study materials. These codes will be included in the email detailing our first meeting of the semester, and are available upon request if you missed the email.
When should I take my first exam?
Short Answer: The summer before you want to start your Actuarial career (internship or full-time)
The main recruiting season for actuarial jobs is in the Fall of the year prior to the start of the position. For example, the recruiting season for jobs and internships starting in May and June 2024 will be August - October of 2023. To get an internship or full-time job offer, it is very important to have at least one exam passed. If you are planning on taking an exam prior to the start of the internship or job, you should include this in your resume and cover letter and detail the steps you are taking to study for your exam. Exam P and FM are the first exams you will take, and are shared between the CAS and the SOA. Ideally, you should take STAT 3611 and STAT 4571 prior to studying for Exam P, however, Coaching Actuaries will do a wonderful job teaching you the exam material. You should take your first exam the summer after your sophomore year to be ready to secure the crucial internship for the summer between your junior and senior years.
CAS Exam Path
If you have yet to take Exam P and FM, disregard the 2022 requirements and look at the 2023 requirements (right side). The order in which you complete these requirements is not set in stone, and you do not need to have the VEE's listed at the top done before sitting for your first or second exam.
More information can be found directly from the CAS:
https://www.casact.org/credential-requirements
ASA Pathway (SOA)
Candidates must complete the full ASA pathway to receive their ASA accreditation. The exams are all the same for everyone reaching the ASA designation.
More information can be found directly from the SOA: https://pathways.soa.org/designations/asa
FSA Pathway (SOA)
You must already have your ASA before starting on your FSA pathway. Acheiving your ASA is the start to your FSA journey.
More Details can be found directly from the SOA: https://pathways.soa.org/designations/fsa
VEE Requirements
These are nice to be aware of and get done in college, however, your exam progress is much more important to a potential employer. Each of these requirements can be fulfilled through either one or two online Coaching Actuaries courses in around 30 hours as an alternative option to taking a class.
SOA VEE Requirements: http://www.soa.org/education/exam-req/edu-vee.aspx
CAS VEE Requirements: http://www.casact.org/admissions/syllabus/index.cfm?fa=vee
Finance & Accounting
Finance & Accounting
This requirement applies to both the CAS and SOA actuarial tracks.
Approved courses at UMD are:
FIN 3601
ACCT 2001
NOTE: ACCT 2005 IS NOT APPROVED BY THE SOA
*These courses are not required to graduate with a statistics/actuarial science major
Economics
Economics
This requirement applies to both the CAS and SOA actuarial tracks.
Approved courses at UMD are:
ECON 1022 and ECON 1023
or
ECON 3022 and ECON 3023
NOTE: ECON 1022 and ECON 1023 are both prerequsites for ECON 3022 and ECON 3023.
*These courses are not required to graduate with a statistics/actuarial science major
Mathematical Statistics
Mathematical Statistics
This requirement only applies to those seeking the SOA pathway.
Approved courses at UMD are:
STAT 4572
STAT 5572
(This is the same course, seperated by undergrad/graduate enrollment). This course is required for the STATS/Actuarial Science Major.
NOTE: STAT 4572 has been approved by the SOA for credit. Anyone who has taken either of these courses between 1/1/2000 and 12/31/2025 and earned a grade of a B- or higher will recieve VEE credit.
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