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I would like to become an Actuary, but I need your advise.

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  • I would like to become an Actuary, but I need your advise.

    I have just graduated with a Finance & Business Econ Degree. I will be going to a non target for a Masters in Business Analytics. I would like to become a certified actuary, and I need advice.
    I have been researching and trying to find out what I need to be successful in the actuary exams… From what I see, knowledge of Micro and Macroeconomics is very helpful, as well as corporate finance. But where things fall apart is the math. There are different estimates as to the amount of math that I need. Some say I need just up to Calc 3 and maybe Linear Algebra. Some others say that I need to get above calc 3 into the mind bending math, which you’d typically take if you were a math major. I only have Calc 1. I would like to take evening classes and work up to 3 at local community colleges, but it seems like it’s too late for me to go over the mind bending stuff, given that I have already graduated. I am assuming that I cant go over Calc 3 with ought enrolling back into a university as au undergrad again.
    My point is that I would like to know what amount of calculus that I need to reach in other to have a fighting chance to pass the SOA exams.

    Thank You for your help in advance.

  • #2
    I am in the same boat as the OP. I would be interested in responses as well. Thanks

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    • #3
      Originally posted by the-boss View Post
      I have just graduated with a Finance & Business Econ Degree. I will be going to a non target for a Masters in Business Analytics. I would like to become a certified actuary, and I need advice.
      I have been researching and trying to find out what I need to be successful in the actuary exams… From what I see, knowledge of Micro and Macroeconomics is very helpful, as well as corporate finance. But where things fall apart is the math. There are different estimates as to the amount of math that I need. Some say I need just up to Calc 3 and maybe Linear Algebra. Some others say that I need to get above calc 3 into the mind bending math, which you’d typically take if you were a math major. I only have Calc 1. I would like to take evening classes and work up to 3 at local community colleges, but it seems like it’s too late for me to go over the mind bending stuff, given that I have already graduated. I am assuming that I cant go over Calc 3 with ought enrolling back into a university as au undergrad again.
      My point is that I would like to know what amount of calculus that I need to reach in other to have a fighting chance to pass the SOA exams.

      Thank You for your help in advance.
      Since no one answered, let me try.

      In my opinion, the level of calculus required to pass actuarial exams is not very high. Basically, all you need are double integration, derivative, basic linear algebra. I refreshed and learned these myself before preparing for exam P, my first actuarial exam.

      You may download the syllabus and sample questions from SOA website, and see how you feel.

      Nowadays, the entry level actuarial job market is highly competitive. Better to think of some other alternatives for your career.

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