What is an Actuary?New York University Actuarial SocietyWednesday, February 8th, 2017

Agenda• What is an actuary?

• Actuarial Exams

• Courses to pursue

• Insurance and Consulting

• SOA vs CAS

• A day in the life of an Actuary

• Professionalism

• Upcoming dates and deadlines

What is an actuary?What do they do? Why are they important?

Actuarial ExamsHow to become an actuary.

Actuarial ExamsActuarial Exam

Exam P/1 Probability

Exam FM/2 Financial Mathematics

Exam MFE/3F Financial Economics

Related NYU CourseSTAT-UB 14: Introduction to the Theory of Probability

STAT-UB 27: Mathematics of Investment

FINC-UB 43: Futures and Options

At a future event, we’ll discuss all the courses recommended for aspiring actuaries

Where do actuaries work?

Insurance vs. Consulting

Insurance• More exam-based • 40 hours/week• Usually consists of pricing

& reserving Consulting

• More client facing • Longer hours • Some non-traditional

actuarial work

SOA vs. CASSociety of Actuaries• Life, Health and Retirement

• 5 preliminary exams (soon to be 6)

• 25578 members

Casualty Actuary Society• Property & Casualty

• 7 preliminary exams

• 6532 members

A Typical DayIs there even such thing as one?

Why be an actuary?

ProfessionalismWhat to say, what to do, and how to act around the professionals.

RemindersWhat’s next?

Upcoming Dates & Deadlines• Underclassmen Liaison

� The last date to apply for underclassmen liaison is tomorrow!� Thursday, February 9th, 2017

• Spring Mentorship Program� Don’t forget to sign up to be a mentor or mentee!

� Tuesday, February 14th, 2017

• P&C Presentation� Wednesday, February 15th, 2017

• Oscar Health Insurance Presentation� Wednesday, February 22nd, 2017

Thank you!Questions, Comments, Concerns?

Email us!actrlsoc@stern.nyu.edu

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