vee

[Karen]

I am a little confused about the VEE requirements. I am still in college, but there aren't any courses at my college that are approved in the directory. What should I do to try to fulfull these requirements?
Thanks,
Karen

[wat]

I am a little confused about the VEE requirements. I am still in college, but there aren't any courses at my college that are approved in the directory. What should I do to try to fulfull these requirements?
Thanks,
Karen

Well, essentially the SOA is looking for a semester in introductory/intermediate micro and macroeconomics (one semester each - a combined semester will not satisfy the requirement), two semesters of corporate finance and an applied statistics class, where you cover regression and time series (can be two separate classes that satisfy regression and time series separately).

If your school is not listed (and it sounds like you checked out the listing), you can look at your school's class offerings and see if any of the classes fit the above descriptions. Also, check the syllabus for the VEE (on the CAS website) to see if the class you want to take will cover all the things that the SOA/CAS want you to know.

Once you've decided which classes will satisfy these requirements, take them, pass them, then submit an application to the SOA to get them approved. You can only do this after you've passed 2 exams. Once it's approved for you, everyone else from your school can take the classes you have to satisfy the VEE requirements.

[DVK916]

Well, essentially the SOA is looking for a semester in introductory/intermediate micro and macroeconomics (one semester each - a combined semester will not satisfy the requirement), two semesters of corporate finance and an applied statistics class, where you cover regression and time series (can be two separate classes that satisfy regression and time series separately).

If your school is not listed (and it sounds like you checked out the listing), you can look at your school's class offerings and see if any of the classes fit the above descriptions. Also, check the syllabus for the VEE (on the CAS website) to see if the class you want to take will cover all the things that the SOA/CAS want you to know.

Once you've decided which classes will satisfy these requirements, take them, pass them, then submit an application to the SOA to get them approved. You can only do this after you've passed 2 exams. Once it's approved for you, everyone else from your school can take the classes you have to satisfy the VEE requirements.

What if the school is on the quarter system? I have taken 2 quarters of intermediate micro theory and 1 quarter of intermediate macro theory. I have taken 1 quarter of regression, and plan to take 1 quarter of time series. I am also planning to take 2 quarters of Corp Finance. So my quarter classes won't work since they are not a semester?

The 3 quarters of intermediate micro/macro econ theory was on top of the 1 quarter of intro to micro econ, and 1 quarter of intro to macro econ.

[wat]

What if the school is on the quarter system? I have taken 2 quarters of intermediate micro theory and 1 quarter of intermediate macro theory. I have taken 1 quarter of regression, and plan to take 1 quarter of time series. I am also planning to take 2 quarters of Corp Finance. So my quarter classes won't work since they are not a semester?

The 3 quarters of intermediate micro/macro econ theory was on top of the 1 quarter of intro to micro econ, and 1 quarter of intro to macro econ.

No, no - not necessarily. I'm betting that there are several schools already on the list that follow the quarter system. It's really decided by a comparison of the syllabi. It doesn't matter how long you attend class - it's whether you've covered the topics desired by the SOA adequately in your classes. By what you've mentioned above, I'm thinking you'll be set for the VEE, without having to take any other classes. But you'll need to get the SOA approval for it to be 100% sure.

[DVK916]

No, no - not necessarily. I'm betting that there are several schools already on the list that follow the quarter system. It's really decided by a comparison of the syllabi. It doesn't matter how long you attend class - it's whether you've covered the topics desired by the SOA adequately in your classes. By what you've mentioned above, I'm thinking you'll be set for the VEE, without having to take any other classes. But you'll need to get the SOA approval for it to be 100% sure.

The application to have a course approved requires a syllabus of the course. My university doesn't provide a standard department syllabus of each course. Individual professors hand out their own syllabus for each course. Would these be acceptable, or does SOA want department written syllabuses that cover multiple years.

[wat]

The application to have a course approved requires a syllabus of the course. My university doesn't provide a standard department syllabus of each course. Individual professors hand out their own syllabus for each course. Would these be acceptable, or does SOA want department written syllabuses that cover multiple years.

Hm. That would make things a little different. I would think that there is an overall way to treat a subject, and that each professor has his/her own way of teaching it to you, with a few added topics of their choosing. So, go visit one professor, and ask him/her if they can draft a syllabus that would cover the main topics of the course. You take economics to learn about economics, not other subjects.

[DVK916]

Hm. That would make things a little different. I would think that there is an overall way to treat a subject, and that each professor has his/her own way of teaching it to you, with a few added topics of their choosing. So, go visit one professor, and ask him/her if they can draft a syllabus that would cover the main topics of the course. You take economics to learn about economics, not other subjects.

Ok, that should be simple to do.

Another question, at my school we have two econ departments. I have taken micro econ through one department and macro econ through another, would that mater.

[gabriel]

Well, essentially the SOA is looking for a semester in introductory/intermediate micro and macroeconomics


Does anyone know if the AP micro & macro exams are sufficient?

[wat]

Ok, that should be simple to do.

Another question, at my school we have two econ departments. I have taken micro econ through one department and macro econ through another, would that mater.

It shouldn't. I believe that the SOA has specified that you must take two separate courses in economics - one in micro and one in macro. They specifically mention that you cannot take an introductory class that combines the two into one semester to satisfy the economics requirement.

[wat]

Well, essentially the SOA is looking for a semester in introductory/intermediate micro and macroeconomics


Does anyone know if the AP micro & macro exams are sufficient?

I seem to think they would. I know of several actuarial students that are taking the CLEP exam to satisfy the VEE requirements. I'd imagine that the AP exams will test the same type of material. Only one way to be sure, though - check with the SOA.

In fact, check the website on VEE satisfication. I think they mention the AP exams in their document regarding satisfication of VEE.

[Ericeric]

I seem to think they would. I know of several actuarial students that are taking the CLEP exam to satisfy the VEE requirements. I'd imagine that the AP exams will test the same type of material. Only one way to be sure, though - check with the SOA.

In fact, check the website on VEE satisfication. I think they mention the AP exams in their document regarding satisfication of VEE.
Would you mind to post the link of the website on VEE satisfication?

[.Godspeed.]

Would you mind to post the link of the website on VEE satisfication?

This should help:

http://www.soa.org/ccm/content/?categoryID=8566106