Actuaries use a combination of mathematics, statistics, and economics to forecast risk and help organizations plan for their futures. They are employed in many different sectors, including finance, transportation, energy, and the environment.
Actuaries must have strong quantitative and analytical skills, in addition to experience with economics and finance. They must demonstrate these skills in a series of examinations or through approved educational experiences. The MICS department has VEE (Validation by Educational Experience) approval from the Society of Actuaries for several courses that provide exam waivers for successfully completing approved PLNU coursework.
Each of the following subject area examinations may be waived through successful completion of all the corresponding coursework with a grade of B- or higher and a passing score on the first actuarial exam (Exam P - Probability), which you should take immediately after taking Mathematical Probability and Statistics (MTH 383).
|Subject Area Examination||Corresponding Coursework|
|Applied Statistical Methods||ECO 460 – Applied Econometrics|
|Economics||ECO 101 – Principles of Macroeconomics
ECO 102 – Principles of Microeconomics
|Corporate Finance||FIN 335 – Business Finance
FIN 385 – Intermediate Finance