A wealth of information about actuarial careers can be found at the site beanactuary.org, which is jointly sponsored by the two main actuarial societies: the Society of Actuaries (SOA), which handles life insurance, pensions, and health care, and the Casualty Actuarial Society (CAS), which handles fire, homeowners, and automobile insurance, etc. These societies independently maintain and administer exams for professionals following the actuarial career track. The first two exams cover the same material; each society just has a different name for them. More information about Actuarial Sciences can be found on the Admissions Web site.
Any math major at University of Delaware should have no trouble passing the probability exam (called Exam P by the SOA or Exam 1 by the CAS) after taking MATH243, MATH349, and either MATH350 or STAT470. MATH450 or STAT471 are also recommended, as is doing some limited additional reading on actuarial terminology, which may be downloaded from the SOA Web site .
The financial mathematics exam (called Exam FM by the SOA or Exam 2 by the CAS) should be taken after completion of the Economics and Accounting/Finance Clusters, together with some reading on the theory of interest on their own.
The financial mathematics exam (called Exam MFE by the SOA or Exam 3 by the CAS) should be taken after completion of MATH620, together with some reading on their own.
Some study materials for the professional exams are available free once you have registered for the exams; see the appropriate society Web page for details.
In addition to passing exams, associates must complete course work meeting the Validation by Educational Experience(VEE) requirements in three topic areas, Economics, Applied Statistics and Corporate Finance. To meet this requirement, a student must earn a grade of B- or higher. ECON301and ECON303 should satisfy the VEE requirement in the area of Economics. ECON422 and ECON423 should satisfy the VEE requirement for Applied Statistics. FINC311 and FINC312 should satisfy the requirement for Corporate Finance.
Dr. Edwards has experience in taking some of the exams. Please contact him if you are interested in the actuarial profession and have more questions.