ACTUARIAL SCIENCE AT THE UNIVERSITY OF WINDSOR.
prepared by
Dr. Myron
Hlynka, Dept. of Math. &
Stat, U. of Windsor.
May, 2017.
INTRODUCTION
If you are interested in the U. Windsor professional Master's program in
Actuarial
Science (third intake Fall, 2017!!), see
http://www.uwindsor.ca/professional/
The first two winners of the special U of Windsor scholarship for
students in the Masters of Actuarial Science
Program are Songqi Li and Fujunhao Ning. They both received $1,000.
(Awarded September, 2016)
The Sept 2015 intake had 16 students. The Sept 2016 intake had 25 students.
The Sept 2017 intake has an estimated 25 students (capacity=25).
For undergraduate students, read below.
Within the Department of Mathematics and Statistics,
the University of Windsor
 has a number of courses that prepare students
directly for actuarial professional examinations,
 is an official exam
site of the Society of Actuaries (SOA),
 has SOA approval for
University of Windsor courses for all three VEE (Validation by
Educational Equivalent) subjects,
 has annual informational visits
to the Department of Mathematics and Statistics by Willis Towers Watson, a
nearby major actuarial consulting company,
 has very strong relations with
several major actuarial consulting companies in Michigan,
 has preparation seminars for the first two SOA actuarial examinations,
 has a long history of placing University of Windsor
graduates in careers as actuaries,
 has two upper level courses taught by a practicing actuary
 has opportunities for strong undergraduate students to receive
actuarial summer internships (at the end of third year).
PREPARATION FOR A CAREER AS AN ACTUARY
If an undergraduate student is interested in preparing for a career as an
actuary
through the University of Windsor, the following provides a path.
 A student should register as a
Mathematics and Statistics
major.

 Recommended courses for first year  term 1
62140 (Differential Calculus), 62120 (Linear Algebra),
41110 (Economics I), 60140 (Programming I), one option;
 Recommended courses for first year  term 2
62141 (Integral Calculus), 62190 (Mathematical Foundations),
41111 (Economics II), 60141 (Programming II) , one option;

 Recommended courses for second year  term 1
62215 (Vector Calculus), 62220 (Linear Algebra II),
65250 (Probability), 62392 (Theory of Interest);
 Recommended courses for second year  term 2
62216 (Differential Equations), 62221 (Linear Algebra III), 65251
(Statistics), 62490 (Actuarial Math I), 70151 (Accounting I)
 During the second year, students should attend Exam P and Exam FM
preparation sessions. Students should attempt SOA exam P in May after
completing their second year.
 At the beginning of their third year, students should study the
remaining topics (beyond those of 62392)
for SOA Exam FM. Students should attend (more) Exam FM preparation
sessions. Students should attempt Exam FM in November, early in their
third year. They should apply for a summer internship with Willis
Towers Watson in November of their third year (especially if they
have passed 2 SOA exams).
 Recommended courses for third year  term 1
72270 (Business Finance I), 62314 (Analysis I), 65350
(Probability), 65376 (Stochastic Operational Research), 62492
(Actuarial Modeling II)
 Recommended courses for third year  term 2
72271 (Business Finance II), 62315 (Analysis II), 62318 (Complex
Variables), 62321 (Algebra), 65351 (Statistics)
 Students should attempt SOA Exam MLC in May after their third
year.

 Recommended courses for fourth year  term 1
65455.09 (Regression/ Time Series see Dr. Hlynka to arrange an
independent study course)), four options
 Recommended courses for fourth year  term 2
62321 (Algebra), 65455.22 (MFE topics, see Dr. Hlynka to arrange an
independent study course) ), three options
 For the optional courses, students need a total of 4 courses from the Faculty of
Arts and Social Science (This includes Economics courses, although Economics courses are now
listed as Science courses). (The Economics courses 41110 and 41111 meet two of those
requirements.) The recommended list of Math & Stat courses totals 22.
Students may wish to take additional Math and Stat courses in order to leave other
options open (e.g. grad school in Math or Stat, Faculty of Education, Grad School in
Industrial Engineering). The total number of courses required for a B. Math degree
is 40.
 Other valuable courses for a future actuary include 62374 (Linear
Programming), 65456 (Regression), 65.455.07 (Survival Analysis),
65455.07 (Time Series), 65455.08 (Stochastic Processes).
 The course selection as listed above provides the earliest
reasonable prospect for passing SOA actuarial exams. As
these examinations are very challenging, it may be necessary to take
some of them more than once. There is a fair amount of flexibility
possible and some of the courses listed can be delayed for a year in
order to allow room of other courses of interest to the student.
VEE INFORMATION
The VEE (Validation by Educational Equivalent) courses are as
follows. Note that all three VEE requirements have been included in
the recommended course plan suggested. The following courses have been
approved by SOA.
VEE Economics: 41110, 41111.
VEE Statistics: 65455.09
VEE Finance: 72270, 72271
COURSES and SOA EXAM CONNECTIONS:
Courses 65250 and 65251 cover almost all the topics for SOA Exam
P.
Course 62392 covers 3/4 of the topics needed for SOA Exam FM.
Courses 62490 and 62492 cover the topic for SOA Exam MLC.
EXAM SITE
The University of Windsor is an exam site for the paper and pencil
version of SOA exams P, FM, MFE, and C. These exams are more commonly
available as computer based exams and the closest site for a computer
based version (which has the major advantage of immediate pass/fail
information) is Detroit (accessible by tunnel bus). The MLC exam is still
only paper and pencil format everywhere. The University of Windsor is also
a site for MLC exam.
WEB SITE REFERENCES
SOA: http://soa.org
Be An Actuary:
http://beanactuary.org
Allowable Calculators: (all Texas Instruments)
BA35, BA II Plus, BA II Plus Professional, TI30X,
TI30X II, TI30X IIB, TI30XS MultiView, TI30XB MultiView
U. of Windsor Dept. of Math & Stat:
http://web4.uwindsor.ca/math
U of Windsor SOA Exam dates:
http://web2.uwindsor.ca/math/hlynka/2017dates.pdf
U. of Windsor Summary courses.
http://web2.uwindsor.ca/math/hlynka/UofWindsorcourses.pdf
CONTACT
For more information on actuarial study at the University of
Windsor, contact
Dr. Myron Hlynka,
Department of Mathematics and Statistics
University of Windsor
Windsor, Ontario N9B 3P4
5192533000 (ext 3014)
hlynka@uwindsor.ca
http://web2.uwindsor.ca/math/hlynka/index
or
Dr. Richard Caron, Chair
Department of Mathematics and Statistics
University of Windsor
Windsor, Ontario N9B 3P4