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courses that will help one become a good actuary

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  • courses that will help one become a good actuary

    What advance courses are most helpful to a actuary, among math, probability, Finance, investment, risk management and insurance?

  • #2
    Originally posted by wenjian1987
    What advance courses are most helpful to a actuary, among math, probability, Finance, investment, risk management and insurance?
    Well, for starters, you'll definitely benefit from a few courses in Probability Theory and the basic Calculus segment. A class or two in basic/intermediate statistics would help in understanding concepts like the Central Limit Theorem and significance levels/confidence intervals.

    After that, if your college does not specialize in actuarial science, I would recommend trying to fulfill the VEE requirements - Economics (both macro and micro), Finance (corporate) and Applied Statistics (Time Series/Regression). Take classes that involve these subjects.

    If you are a math or economics major, and you have extra time after that, you can go ahead and try to find other economics classes that takes a broader look at the economy - things like risk management, if you can find it.

    For more math-intensive classes, you may find linear algebra, linear programming and numerical analysis of importance.

    Also, if you don't already have to as part of your degree, I'd recommend enrolling in some type of programming class. In actuarial work, we use a fair amount of VBA, with some companies using C++ and some other programming languages. It's always good on your resume to have some experience (however limited) in some structured programming language.

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