What Kind of Training or Schooling Does an Actuary Need?
Information About Actuarial Course and Actuarial Related Courses:
Enroll in a bachelor’s degree in business, math or actuarial science but those who have already graduated in degrees like economics, liberal arts or finance need not fret. Checkout the following requisites for actuarial careers and whichever is lacking can always be taken separately or independently:
(1) Three semesters of calculus, two semesters of calculus-based probability and statistics, and one semester of linear algebra
(2) Computer science courses
(3) Corporate finance
(4) Micro- and macroeconomics
(5) Business courses like finance, marketing, accounting, and management
(6) Courses in communications, i.e. writing, speech, technical writing, or even drama courses
(7) Social science and humanities, political science, history or literature
(8) Other electives that coordinate with an actuarial career
These are only overviews about the kinds of course work that actuarial science requires, which obviously is quite broad. The different organizations may have other requirements aside from those recommended by the SOA.
The Society of Actuaries (SOA) likewise recommends the fulfillment of Validation by Educational Experience (VEE) although this is not a prerequisite for the preliminary exams. Refer to the SOA’s webpage for details of VEE topics.