Presentation on theme: "Actuarial Society Tuesday, September 15, 2009. Your E-board NamePosition Julia Diana"— Presentation transcript:
Actuarial Society Tuesday, September 15, 2009
Your E-board NamePosition Julia Diana Chris yu.edu Tristan Yvonne LiaoMarketing Director Adjani Hong
What is an Actuary? An actuary is someone who manages risk Actuaries are experts in: Evaluating the likelihood of future events Designing creative ways to reduce the likelihood of undesirable events Decreasing the impact of undesirable events that do occur
The Actuary at Work
Industries Actuaries Work In Pensions & Employee Benefits Life Insurance & Annuities Health Insurance Property & Casualty Other Areas of Finance Risk management Underwriting
Places of Employment Insurance companies Consulting firms Government insurance departments Colleges and universities Banks and investment firms Large corporations and public accounting firms
Why be an Actuary? (con’t) One of the top rated jobs in America Highest out of college salary You don’t have to go to graduate school Superior job security through economic cycles Merit based career You can make use of your math aptitude and communication skills Easy actuarial science and finance double major
Exams 1/P Test 2/FM Test 3 hours long Tests knowledge of probability Class: C /B : Introduction to the Theory of Probability 3 hours Tests knowledge of bonds, options, time value of money Class: C /B : Mathematics of Investment
Verification of Educational Experience (VEE) In order to get CAS, CIA, and SOA validation, one needs to pass exams as well as get VEE VEE covers materials not covered by exams but deemed necessary There are 3 VEE required: Corporate Finance Economics Applied Statistical Methods
NYU Actuarial Society: Mission Statement expands public awareness about the actuarial science profession and major creating long lasting relationships The Actuarial Society expands public awareness about the actuarial science profession and major to potential candidates throughout NYU. The society aims at networking and creating long lasting relationships with companies and alumni. The Society informs and prepares the members beyond what the curriculum can do.
Companies Coming In (Fall 09)
Workshops and Socials
Freshman Liaison Actively promote Actuarial Society to freshmen, working closely with the marking director and secretary If interested, please send an to and tell us why you would be interested in the position and your qualifications.