1. Actuarial Science Roadmap to Success

2. What is Required to Succeed Hard Work Intelligence Math Aptitude Business Skills Communication Skills

3. Becoming an Actuary Associateship –Five Exams –Validation By Educational Experience (VEE) –Fundamentals of Actuarial Practice (FAP) [SOA only] –Associateship Professionalism Course (APC) Fellowship –Associateship –Two Exams –Fellowship Modules –Fellowship Admissions Course (FAC)

4. Purdue Preparation VEE’s –Economics: ECON 251-252 –Finance: MGMT 310, 411 –Applied Statistics: STAT 512, 490 –Must Receive at least a B –Stat 490 will be changing numbers soon

5. Purdue Preparation First Four Exams –Financial Mathematics (FM/2) => Math 490A –Probability(P/1) => MA/STAT 416 MA/STAT 250 –Actuarial Models – Life Contingencies (MLC) –Actuarial Models – Financial Economics (MFE) –OR CAS Exam 3 STAT 472-473 –Constuction of Models (C/4) STAT 472-473, STAT 417, STAT 490C

6. Your Preparation Exam FM/2 (2.5 hours) – May & November Exam P/1 (3 hours) –Computer Based 6 times Per Year Exam MLC (3 hours) – May & November Exam MFE (2 hours) – May & November CAS Exam 3 (4 hours) – May & November Exam C/4 (4 hours) – May & November

7. Your Preparation Exam FM/2 (2.5 hours) – May & November Exam P/1 (3 hours) –Computer Based 6 times Per Year Exam MLC (3 hours) – May & November Exam MFE (2 hours) – May & November CAS Exam 3 (4 hours) – May & November Exam C/4 (4 hours) – May & November YOU NEED TO STUDY ABOUT 100 HOURS FOR EACH EXAM HOUR!

8. More Information Exams are very hard –Pass Rates of 40 to 50% –Every Person taking the exam is smart There is no shame in failing

9. FAP 8 On Line Modules –Self test and Project at end of each –Exam after 5 –Project at end –Estimated Time => 500+ hours

10. Your Objectives Pass at least 2 Exams (FM and P) Credit for all VEE’s Take Courses for MLC, MFE, and C One Internship

11. Super Student Pass 4 exams (FM/2, P/1, MLC, & MFE or 3) –FM Spring of Freshman Year –P in Spring of Sophomore Year –MLC and MLE or 3 in Spring of Junior Year Sit for C/4 in Spring of Senior Year Earn Honors Degree Credit for VEE’s Two Internships Begin working on FAP

12. Spoils of Success New Graduates –One Exam  $50,000 –Two Exams  $52,000 –Three Exams  $54,500 New Associate  $85,000 New Fellow  $125,000 Experienced Fellow  $200,000+