Updates to Financial Actuarial Math Courses

Published 4/11/2018 Dearest members, as many of you know, the Math Department intends to update its actuarial curriculum, hoping to expand and "improve the offerings of the major in order to enhance its value to its students in their future careers" to ensure that the major is "sustainable in the long term." Consequently, the Department has released information about a number of courses, which are expected to become available in Fall 2018. The table below reflects the information currently released about new and changed courses. Note that this is not a complete table of all actuarial math courses.

Course Number Course Name Corresponding Exam/VEE* Comments
170E Introduction to Probability and Statistics: Part I (Probability) SOA P / CAS 1 This course first became available in Winter 2018. It covers similar material to Math 170AB, but in a more applied context.
170S Introduction to Probability and Statistics: Part II (Statistics) Applied Statistical Methods VEE This course first became avilable in Spring 2018. It does not yet carry any VEE credit.
175 Introduction to Financial Mathematics SOA FM / CAS 2 This course is already offered every quarter. It is unclear whether or not this course will continue to be offered.
177 Theory of Interest and Applications SOA FM / CAS 2
SOA IFM / CAS 3F
This course is designed for the FM and part of the IFM exam. It is currently unclear which part of the IFM exam this course corresponds to. Additionally, it is unclear how the FM portion of this course differs from Math 175.
174A Financial Economics for Actuarial Students SOA IFM / CAS 3F This course is already offered every quarter. It is unclear whether or not this course will continue to be offered.
174E Mathematics of Finance This course is already offered every quarter. However, the department intends to revise the syllabus for this course.
179 Topics in Financial Engineering This is intended to be a second quarter of IFM/3F material, to be taken after 174E. The department intends for 174E and 179 to go more deeply into the theory and practice of financial derivatives.
173AB Casualty Loss Models SOA STAM These courses are currently offered annually, and previously corresponded to SOA C / CAS 4. However, it is unclear whether or not this course will continue to be offered, and, if so, whether or not the syllabus will be updated to reflect the updated exam changes.
172BC Actuarial Models SOA LTAM These courses are currently offered annually, and previously corresponded to SOA MLC. However, it is unclear whether or not this course will continue to be offered, and, if so, whether or not the syllabus will be updated to reflect the updated exam changes.
178ABC Foundations of Actuarial Mathematics SOA STAM
SOA LTAM
It is unclear how these three courses will split the syllabi for STAM and LTAM. Additionally, it is unclear whether there is any correspondence (and if so, where) to the CAS MAS II exam, which corresponded to SOA STAM's predecessor exam.
102 Advanced Financial and Actuarial Problem Solving This two unit course will focus on preparation for exams and can be taken multiple times.
*Intended

Courses for VEE Credit

VEE Economics

Macroeconomics
Microeconomics

VEE Corporate Finance and Accounting

VEE Applied Statistics

Regression
Time Series
1 See the SOA's Alternate VEE Options
2 Must petition SOA/CAS for credit
3 Graduate level courses not typically accessible to undergraduates