In order to progress in the profession, actuaries must pass a series of exams. The first few exams cover the same material; each society just has a different name for them.
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 additional reading on the theory of interest.
The financial mathematics exam (called Exam IFM by the SOA or Exam 3F by the CAS) should be taken after completion of MATH620, together with some additional self-directed reading.
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. The Actuarial Sciences Club occasionally sponsors study sessions for these exams.
In addition to passing exams, associates must complete course work meeting the Validation by Educational Experience (VEE) requirements in three topic areas: Economics, Accounting and Finance, and Mathematical Statistics. To meet this requirement, a student must earn a grade of B- or higher. ECON301 and ECON304 should satisfy the VEE requirement in the area of Economics. ACCT207 and FINC311 should satisfy the VEE requirement for Accounting and Finance. MATH450 or STAT471 should satisfy the VEE requirement for Mathematical Statistics.