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Actuary Club

VEE Requirements

VEE stands for Validation by Educational Experience. Obtaining a VEE credit is one of the requirements to achieve associateship as an actuary. There are three VEE topics:Applied Statistical Methods, Economics, and Corporate Finance. These topics are not incorporated in the preliminary exams but are still considered necessary skills for an actuary.

The VEE topics can be fulfilled independently of the exam process. However, you must pass two SOA or CAS actuarial exams before applying to have your VEE credit added to your record.

One of the easiest ways to be qualified to apply for this credit (in addition to completing two exams) is by getting at least a B- in each of the following courses:

Applied Statistics Focus

STAT 5511 - Regression Analysis
ECON 4040 - Tools: Applications for Economic Analysis

Economics Focus

One of the following two:

ECON 1022 - Macroeconomic Principles
ECON 3022 - Macro Analysis

One of the following two:

ECON 1023 - Microeconomic Principles
ECON 3023 - Micro Analysis

*Note both 1022 and 1023 are needed for 3022 or 3023

Finance Focus

FMIS 3601 - Corporate Finance

Keep in mind that in order for these classes to be acceptable for fulfilling the VEE, these specific UMD classes, had to be approved by the SOA. Thus, if you took any of these classes through a different college, you may have to check if that college's courses have been specifically approved by the SOA.

Links

http://www.soa.org/education/exam-req/edu-vee.aspx
http://www.casact.org/admissions/syllabus/index.cfm?fa=vee


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Last modified on 12/09/10 08:42 AM
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