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Type: Posts; User: Iņaki Viggers; Keyword(s):

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  1. Replies
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    Didn't keep track, but it varied. There were six...

    Didn't keep track, but it varied. There were six weeks between P/1 and FM/2. I certainly had more background on (deterministic) financial mathematics than on other topics. C/4 took me about 4 months,...
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    3,982

    Since you're in applied math, preparing for the...

    Since you're in applied math, preparing for the exams on your own is doable. I passed all five (P/1, FM/2, MLC, C/4, MFE/3F) in roughly a year and a half while working full-time. The consensus is...
  3. It won't be enough and it will be different. For...

    It won't be enough and it will be different. For example, in a CS program you'll have to learn discrete math (digital systems, cryptography, maybe number theory) that is never used in actuary.

    Any...
  4. Didn't you post a similar question on Actuarial...

    Didn't you post a similar question on Actuarial Outpost?

    Pursuing an accounting degree will divert the focus you need for attaining an actuarial background. The number crunching that accounting...
  5. You're fine. Don't buy the stories of type...

    You're fine. Don't buy the stories of type "fellow by age 30" or let them define Your career. I tackled the prelims several years after graduating from mathematics, and passed them all "back-to-back"...
  6. Hi Dan, A master's in statistics -or possibly...

    Hi Dan,

    A master's in statistics -or possibly math- is more appropriate for CAT modeling than any of the actuarial exams of the SOA/CAS. In any case, catastrophe risk is more related to Property &...
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    2,214

    Your best bet is to hire an...

    Your best bet is to hire an actuary/underwriter/analyst, who might want to clarify some details and determine the appropriate assumptions.
  8. Replies
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    3,113

    Lee, Integrals are not used "per se". This...

    Lee,

    Integrals are not used "per se". This might sound disappointing (it did to me) in College, more so if pedagogy is both blunt and incomplete. Unless you get into research, the closest you'll...
  9. Explain it by going back to the basics: An...

    Explain it by going back to the basics:
    An annuity is the Present Value of a series of cash flows (contingent on survival, in a retirement context). Insofar as a Present Value, it depends on...
  10. Damehc, Why does the planner deem the life...

    Damehc,

    Why does the planner deem the life expectancy relevant? Valuation of ordinary annuities only involves probabilities of survival and the interest rate(s).

    Does SS regulatory framework...
  11. Karim, Primarily you glance at -or plot- the...

    Karim,

    Primarily you glance at -or plot- the aggregates trying to identify any patterns. Depending on the line of business, the number of years in the data set, the frequency, timing and magnitude...
  12. I highly doubt it. Change your strategy. In...

    I highly doubt it. Change your strategy.

    In Europe your SOA/CAS exams will be mostly ignored, whereas in the US you need the exams to compete with other entry-level candidates. Languages will give...
  13. Replies
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    3,520

    First you have to choose an assumption to...

    First you have to choose an assumption to interpolate mortality. Searching for DeMoivre's law, linear assumption or Balducci on the Internet will give you a starting point. In the process of...
  14. Replies
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    2,755

    It's doable by self-study, but proficiency in...

    It's doable by self-study, but proficiency in calculus is essential since it's used almost everywhere in the preliminary exams. I'm not knowledgeable of MLC's written portion, but the "old" MLC...
  15. Very true and makes your path slightly more...

    Very true and makes your path slightly more efficient. However there are alternatives for satisfying the VEE requirements. Economics VEE is particularly easy to attain by taking CLEP tests, whereas...
  16. You're the one who would need to provide that...

    You're the one who would need to provide that answer to a potential employer.

    Age shouldn't be a matter of concern. How far are you on the PhD program? what's your focus? why are you considering...
  17. test

    Test. Perfect!
  18. Replies
    1
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    3,289

    Try the FM/2 material by Marcel Finan. Kellison's...

    Try the FM/2 material by Marcel Finan. Kellison's book is a recipe for very, very slow progress.
  19. Replies
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    4,221

    I don't remember about when to register with...

    I don't remember about when to register with SOA/CAS. Even if I recalled that, things might have changed. Last thing I knew was that they'll stop co-sponsoring the exams soon. Call SOA or CAS for...
  20. Replies
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    3,639

    They might just want to see how you approach an...

    They might just want to see how you approach an unknown situation; it's hard to list specific suggestions. Besides the more detailed we get on this, the quicker it will render that type of questions...
  21. Replies
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    Hello, Given your background in mathematics,...

    Hello,

    Given your background in mathematics, you only need to apply it to probability, statistics, financial mathematics and some of stochastic calculus for the exams.

    You'll learn the business...
  22. As long as you pass the actuarial exams, it...

    As long as you pass the actuarial exams, it doesn't matter if your degree is on Comparative Philology or what courses you took.
  23. Replies
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    1,463

    This post might be of your interest:...

    This post might be of your interest: http://www.actuary.com/actuarial-discussion-forum/showthread.php?32227-Help-needed-with-class-assignement-Interview-an-Actuary

    If your questions look similar,...
  24. Replies
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    Age is not an issue. Passing exams and being...

    Age is not an issue. Passing exams and being authorized to work (without the need of a visa) are the two most important items to enter the actuarial field in the USA.

    A question for you is what...
  25. Replies
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    Found this ultimate bluff-buster on the AO...

    Found this ultimate bluff-buster on the AO http://actuarial-lookup.com Check it out.

    As I was playing with the Prelims portion, this thread came to my mind.

    Enjoy the bluffing ... till you get...
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