Advices to Students Interested in Becoming an Actuary

Some advices to students at University of Cincinnati who plan to pass Actuary Exams P/1, FM/2 (at least) before graduate.

Courses in statistics/probability to take

• MATH1061/1062/2063 Calculus I, II, Multivariate
  
• STAT2037, Probability & Statisitcs I
  
• MATH4008, Introduction to Probability
  
• STAT6021, Mathematical Statistics I
  
• MATH4009, Financial Mathematics
  
• MATH4010, Preparation for Actuary Exam

More information

• Exam P/1 is heavily based on Calculus. Build a solid base from the beginning.
• MATH4008 and STAT6021 cover materials from Exam P/1. There are some overlaps between MATH4008 and STAT6021. At least one should be taken before taking Exam P/1.
• MATH4009 covers materials from Exam FM/2.
• MATH4010 is a one-credit-hour class focusing on exam preparation (two sessions on P/1 and FM/2 respectively).
• Each exam requires about 150-200 hours of preparation. Plan in advance. MATH4010 is helpful, but much more time of practice is needed.
• Exam FM/2 does not require knowledge from Exam P/1. One may take FM/2 first before P/1. Some people consider FM/2 easier than P/1.
• Coaching Actuaries is helpful.
• MATH6008, MATH6010 and most STAT6000+ classes are useful for later exams.

Please contact Joanna Mitro, Yu-Juan Jien or Yizao Wang for further questions.

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