ACTUARIAL SCIENCE AT THE UNIVERSITY OF WINDSOR.



prepared by
Dr. Myron Hlynka, Dept. of Math. & Stat, U. of Windsor.
January, 2019.

INTRODUCTION


If you are interested in the U. Windsor professional Master's program in Actuarial Science (fifth intake in Fall, 2019), see
http://learn.uwindsor.ca/program-listing#graduate
and
http://web2.uwindsor.ca/math/hlynka/actuarialmactsc.html
If you are interested in the undergraduate math program with actuarial courses within the Department of Mathematics and Statistics, read below.
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. Stat 2910 will not count as a math course, but is useful as it includes material that is not covered later in Stat 2950, and Stat 2910 must be taken before Stat 2920 or it will not count at all. ACCT 1510 is part of Society of Actuaries VEE requirements.
  3. By the end of the second year, students should have all courses needed for all 3 VEE requirements of the SOA. During the second year, students should attend Exam P and Exam FM preparation sessions. Students should attempt SOA exam FM in February after taking the Thoery of Interest course in the previous term. Students should attempt exam P in summer term after finishing Stat 2950. Students should apply for summer internships in Fall term (hopefully with some passed SOA exams).
  4. At the beginning of their third year, if students have not yet passed FM exam, they should attempt Exam FM in November. 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).
  5. Students should attempt SOA Exam LTAM in May after their third year.
  6. For optional courses, math students need a total of 4 courses from the Faculty of Arts and Social Science (This allows Economics courses, although Economics courses are now listed as Science courses). (The Economics courses Econ 1100 and Econ 1110 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.
  7. Other valuable courses for a future actuary include Math 3960 (Linear Programming), Regression, Survival Analysis, Time Series, Stochastic Processes, Functional Analysis and Measure Theory, Computer Science courses (anything involving programming is good) .
  8. 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 ECON 1100, ECON 1110.
VEE Math Stat - 65-251 STAT 2950
VEE Finance/Accounting: 72-270, 70-151 (FINA 2700, ACCT 1510)

COURSES and SOA EXAM CONNECTIONS:


Courses STAT 2920 and STAT 2950 cover almost all the topics for SOA Exam P.
Course MATH 3980 covers 90% of the topics needed for SOA Exam FM.
Courses MATH 4980 and MATH 4981 cover the topics for SOA Exam LTAM.

EXAM SITE


The University of Windsor is an exam site for the paper and pencil version of SOA exams P, FM, IFM, SRM, LTAM, STAM. 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; Canadians need their passport, international students need vistor visa to USA). The LTAM exam is paper and pencil format everywhere.

WEB SITE REFERENCES


SOA: http://soa.org

Be An Actuary: http://beanactuary.org

Allowable Calculators: (only Texas Instruments calculators allowed)
BA-35, BA II Plus, BA II Plus Professional, TI-30X, TI-30X II, TI-30X IIB, TI-30XS MultiView, TI-30XB MultiView
For Exam FM, BA II Plus is needed. You are allowed more than one calculator.

U. of Windsor Dept. of Math & Stat:
http://www1.uwindsor.ca/math

U of Windsor SOA Exam dates:
http://web2.uwindsor.ca/math/hlynka/2020dates.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