Maths you need before you start Actuarial Science

Must read book: Introduction to Actuaries and Actuarial Science

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[simisilekunene]

Hey MJ thanks for the content. I'm an MSc student doing Financial Maths and I find it hard to differentiate between Actuarial Science and Financial mathematics. Can you please make a video clarifying the two programs.

[allthingsreviewed]

Thank you for this, looking forward to taking the course on Udemy.

[rudrakshvaishnav]

Hello,
Thank you for video.
Can you please tell if I can start with your course or I require to have prior knowledge of maths.
As I did not had maths major in school

[skk]

South Africa exams can't compare with the Society of Actuaries USA Examinations and the Casualty Actuarial Society Examinations.
I think that you cannot Practice as an Actuary in United States.

[nitharshanmaheswaran]

Do you know that Which Actuarial model is prefer to analyse the solars ( non living things).?

I want to analyse cost and future benefits of solar power system, using actuarial model.

[krishnanjayaraman]

Hey I can do all other chapters in maths but not trignometry (only know basic trignometry) how much trignometry is there in actuarial science. Can I do actuary with learning a lot of trignometry?

[skk]

I think that you are mistaken
Abstract Algebra, Complex Analysis, and Real Analysis is not useful in Actuarial Sciences.
If you want to become an Associate of the Society of Actuaries USA, you dont need Sthocastic Calculus neither.
Only Fellow Actuary needs Sthocastic Calculus and Differential Equations.
The only thing you need is Calculus I II III, Linear Algebra (Very Few) . Probability and Mathematical Statistics.
Dont put courses that are not useful in Actuarial Sciences.

[geganerd]

Is there a google doc of this? I want to make a spreadsheet to track myself over the next year.

[asifkhanaaa]

How many exams can be passed by going through these math courses?

[kushalvora]

Don't we need measure theory and real analysis for stochastic calculus in cm2? I myself haven't studied cm2 yet but all stochastic calculus courses require martingales and real analysis as prerequisite.

[avey_g]

Hey, I'm a high school student from South Africa and in two months I have to choose my subjects. I just wanted to ask ; which subject would you recommend between Accounting and Business for a person who's going to pursue actuarial science.

[skk]

Society of Actuaries USA
2023 Exam Pathway to ASA (Associate of the Society of Actuaries)

Exam P/1 Probability
Exam FM/2 Financial Mathematics
Exam FAM Fundamentals of Actuarial Mathematics
Pre Actuarial Foundations Module
Foundations of Actuarial Module
Exam ALTAM or ASTAM Advanced Long Term Actuarial Mathematics or Advanced Short Term Actuarial Mathematics
Exam SRM Statistics and Risk Modelling
Exam PA Predictive Analytics
Exam ATPA Advanced Topics in Predictive Analytics
VEE Mathematical Statistics
VEE Economics
VEE Accounting and Finance
FAP Fundamentals of Actuarial Practice
APC Associateship Professionalism course
ASA Associate of the Society of Actuaries USA (The Most Prestigious Actuarial Society)

Fellowship Tracks

General Insurance
Corporate Finance and ERM
Quantitative Financial Investment
Group and Health Actuary
Individual Life Insurance and Annuities
General Insurance
FAC (Fellow Admission Course)
FSA (Fellow of the Society of Actuaries USA )