ACTUARIAL SCIENCE AT THE UNIVERSITY OF WINDSOR.



prepared by
Dr. Myron Hlynka, Dept. of Math. & Stat, U. of Windsor.
September, 2016.

INTRODUCTION


If you are interested in the U. Windsor professional Master's program in Actuarial Science (second intake Fall, 2016!!), see http://www1.uwindsor.ca/professional/node/1062
The first two winners of the new scholarship for students in the Masters of Actuarial Science Program are Songqi Li and Fujunhao Ning. They will both receive $1,000. (Awarded September, 2016) The Sept 2015 intake had 16 students. The Sept 2016 intake had 25 students.
For undergraduate students, read below.
Within the Department of Mathematics and Statistics,
the University of Windsor

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.
  1. A student should register as a Mathematics and Statistics major.
  2. 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.
  3. At the beginning of their third year, students should study the remaining topics (beyond those of 62-392) 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).
  4. Students should attempt SOA Exam MLC in May after their third year.
  5. 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 41-110 and 41-111 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.
  6. Other valuable courses for a future actuary include 62-374 (Linear Programming), 65-456 (Regression), 65.455.07 (Survival Analysis), 65-455.07 (Time Series), 65-455.08 (Stochastic Processes).
  7. 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: 41-110, 41-111.
VEE Statistics: 65-455.09
VEE Finance: 72-270, 72-271

COURSES and SOA EXAM CONNECTIONS:


Courses 65-250 and 65-251 cover almost all the topics for SOA Exam P.
Course 62-392 covers 3/4 of the topics needed for SOA Exam FM.
Courses 62-490 and 62-492 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 Livonia, Michigan (a Detroit suburb). 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)
BA-35, BA II Plus, BA II Plus Professional, TI-30X, TI-30X II, TI-30X IIB, TI-30XS MultiView, TI-30XB 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/2016dates.pdf


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
519-253-3000 (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