Actuarial SocietyTuesday, September 15, 2009

Name Position Email

Julia Lui President julia.lui@stern.nyu.edu

Diana DiGuido VP drd242@stern.nyu.edu

Chris Calingo VP christopher.calingo@stern.nyu.edu

Tristan Aubert Treasurer tsa234@stern.nyu.edu

Yvonne Liao Marketing Director

ql257@nyu.edu

Adjani Delgado Secretary ajd373@nyu.edu

Hong Zhang Webmaster hz355@nyu.edu

What is an Actuary?An actuary is someone who manages risk Actuaries are experts in:

Evaluating the likelihood of future eventsDesigning creative ways to reduce the

likelihood of undesirable eventsDecreasing the impact of undesirable events

that do occur

The Actuary at Work

Industries Actuaries Work InPensions & Employee Benefits Life Insurance & Annuities Health Insurance Property & Casualty Other Areas of Finance

Risk managementUnderwriting

Places of EmploymentInsurance companies Consulting firms Government insurance departments Colleges and universities Banks and investment firms Large corporations and public accounting

firms

Why be an Actuary?Top 10 Jobs (US News) Job Almanac Ratings1. Biologist 2. Actuary 3. Financial planner 4. Computer-systems

analyst 5. Accountant 6. Software engineer 7. Meteorologist 8. Paralegal assistant 9. Statistician 10.Astronomer

1st Edition (1988) – 12nd Edition (1992) - 2 3rd Edition (1995) - 1 4th Edition (1999) - 2 5th Edition (2000) - 4 6th Edition (2002) - 2

Why be an Actuary? (con’t)One of the top rated jobs in AmericaHighest out of college salaryYou don’t have to go to graduate schoolSuperior job security through economic

cyclesMerit based careerYou can make use of your math aptitude and

communication skillsEasy actuarial science and finance double

major

Exams1/P Test 2/FM Test3 hours longTests knowledge of

probability

Class: C22.0014/B90.3301: Introduction to the Theory of Probability

3 hoursTests knowledge of

bonds, options, time value of money

Class: C22.0027/B90.2309: 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 necessaryThere are 3 VEE required:

Corporate FinanceEconomicsApplied Statistical Methods

NYU Actuarial Society:Mission Statement

The Actuarial Society expands public expands public awareness about the actuarial science awareness about the actuarial science

profession and major profession and major to potential candidates throughout NYU. The society aims

at networking and creating long lasting creating long lasting relationshipsrelationships 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 LiaisonActively promote Actuarial Society to

freshmen, working closely with the marking director and secretary

If interested, please send an email to actrlsoc@stern.nyu.edu and tell us why you would be interested in the position and your qualifications.

Additional ResourcesProfessor Aaron Tenenbein

atenenbe@stern.nyu.eduKMC 8-58

Websites: pages.stern.nyu.edu/~actrlsoc/beanactuary.orgsoa.orgcasact.org

Actuarial Society InformationEmail: actrlsoc@stern.nyu.edu

Website: pages.stern.nyu.edu/~actrlsoc/

Become a fan of ‘NYU Stern Actuarial Society’ on Facebook!

Join us on ecampusgroups!