Actuarial Science Concentration Information
Preparing for Certification
A key part of the actuarial profession is the certification process administered by the Society of Actuaries (SOA). The course work you take at Michigan Tech in the actuarial science concentration
- Prepares you for the first two actuarial exams (P and FM)
- Gives you a good start in preparing for exams MLC, MFE, and C, when combined with advanced course work
- Fulfills three Validation by Educational Experience (VEE) requirements
Students can and should pass the P and FM exams during their undergraduate study. Because actuaries are in great demand, passing these exams and completing an actuarial internship places our graduates in a very competitive position.
Earning VEE Credits at Michigan Tech
Three SOA requirements are met through VEE credit, which students earn by passing these courses with a grade of BC or better
Economics: EC 2001
This is automatically met by students fulfilling the concentration requirements (although students may wish to take the more comprehensive two-semester sequence in micro- and macro-economics (EC 3002/3003) in addition to the one-semester survey EC 2001).
- Applied Statistics: MA 4710 and EC 4200 or MA 4710 and MA 4780
Being an Actuary
Actuaries earn recognition as Associates of the Society of Actuaries (ASA) and Fellows of the Society of Actuaries (FSA) by passing a series of exams and completing other requirements, including VEE course work.