Actuarial Exams

Connections to the Actuarial Exams

University of Minnesota courses and programs provide the necessary information and help prepare students for professional exams given by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). These exams are viewed as the most reliable measure of competence and commitment. The following courses are all part of the Actuarial Program Curriculum.

  • Exam P (SOA) or Exam 1 (CAS) - MATH 5651 or Stat 5101
  • Exam FM (SOA) or Exam 2 (CAS) - MATH 4065
  • Exam LTAM (SOA) - MATH 5067/5068 and a portion of MATH 5652
  • Exam MFE (SOA) or Exam 3F (CAS) - MATH 5075

Validation by Educational Experience (VEE): As part of the Professional Actuarial track, the Society of Actuaries and the Casualty Actuarial Society requires that the following topics have to be studied by taking courses at an approved university (like the University of Minnesota). VEE credits are granted ONLY if the required courses are passed with a grade of "B-" or higher. The following courses are all part of the Actuarial Program Curriculum.

  • VEE Economics: ECON 1101 + 1102
  • VEE Accounting & Finance: ACCT 2050 + FINA 3001 prerequisite: ACCT 2050 (or SCO 2550)
  • VEE Mathematical Statisitics: STAT 5102 (does not replace MATH 5652) prerequisite: STAT 5101 or MATH 5651

Additional information on the Actuarial exams and VEE requirements can be found at:

beanactuary.org/exams

Society of Actuaries Exam Details

Casualty Actuarial Society Exam Details

Actuarial Preparation Workshops: We currently offer workshops that help students prepare for the Exam FM (SOA)/Exam 2 (CAS) in the fall of each year. The workshops review the material with an emphasis on problem solving.