First General Meeting

UCSB Actuarial Association

3:00 pm HSSB 1174

Actuarial

Association

Becoming an ActuaryThe Profession

• Consistently rated a top 10 job

Goals

• Actuaries often hold C-level positions (e.g., CFO, CEO)

Stability

• Applicable to any field

• Regular promotions through passing Actuarial Exams

• CAS University Award

• SOA Center of Actuarial Excellence

• #1 Ranking university

• Incredible faculty

• Involved Actuarial Association

UCSB Actuarial Science

Stephanie LeePresident

Michael IeputraVice President

Richard QianTreasurer

Junoesque HsiaoPublic Relations

UCSB Probability & Statistics Actuarial Program

Undergraduate Program Advisor:

Sarah Anderson

anderson@pstat.ucsb.edu

PSTAT Home Page

• We encourage students to utilize their resources

• The Department of Statistics and Applied Probability website (www.pstat.ucsb.edu) is an excellent tool available for students at any time

• Learn about our majors, upcoming events, seminars and more!

http://www.pstat.ucsb.edu/index.htm

Actuarial Program Home Page

http://www.pstat.ucsb.edu/instruction/actuary.htm

Find everything you need to know

about our Actuarial Science Major!

Check Out Our ListServ!

• There is a listserv designed for each of the majors offered by the PSTAT Department, as well as one for graduate students.

• Students will receive a variety of important emails straight from the Undergraduate Advisor and other faculty members

• Gives access to announcements, events, job and internship postings and additional information regarding their major!

Actuarial Science B.S.http://www.pstat.ucsb.edu/instruction/actuary_science.htm

Actuarial Major Changes

• Wawanesa Insurance Scholarship

Third and Fourth years, Juniors and Seniors, min GPA 3.25

Actuarial B.S. and Financial Math and Statistics B.S.

Application deadline: November 15, 2016

http://www.pstat.ucsb.edu/instruction/wawanesa.htm

• PSTAT 120B and the rest of UD PSTAT courses

Must receive C or higher to meet upper-division pre-requisites

• New PSTAT Classes

PSTAT 183 Fundamental Actuarial Concepts (previously PSTAT 194)

PSTAT 127 Advanced Statistical Models

PSTAT 176 Advanced Mathematical Finance (second year)

Schedule posted at http://www.pstat.ucsb.edu/instruction/classinfo.htm

Coming Soon

California Actuarial Student Summit W17 (aka CASS)

January 14, 2017

Students from all over CA

Will have major overview of upcoming SOA changes to Exams

Volunteer to Help!

Meet Actuaries from other campuses

Learn about SOA exam changes

Learn from experienced actuaries

UC Santa Barbara’s 5th Annual

In Corwin Pavilion

Thursday

Actuarial Career Fair Website• We highly recommend students within

the Actuarial Science major check-out our Annual Career Fair on our website

• The event is open to; however paid Actuarial Association Members have entry to an all exclusive hour

• Students get to meet with representatives from major companies involved in the actuary field

• Great opportunity to apply for summer internships an full-time positions

http://www.pstat.ucsb.edu/ActFair/ActFair2015.htm

Career Fair Registration

http://www.pstat.ucsb.edu/ActFair/index2015/student_index.htm

Registration is required for students seeking to attend our Annual Career Fair as well as any AA members that want to

participate in the Exclusive Actuarial Association Hour.

Please visit the website for the appropriate forms.

Information for AttendeesEvent Details

When: Thursday, October 13th, 2016

Location: Corwin Pavilion

Dress code: Business Formal (We also suggest bringing a Notebook!)

Program

• 11:00AM – 1:00PM Exclusive hour for UCSB Actuarial Association Members

• 1:30PM – 2:30PM Meet the Companies – Open to ALL Students

DeadlinesRegistration for the Exclusive Hour are due by

Tuesday, October 4th 2016 at 12:00PM

Resume Submissions are also due by

Tuesday, October 4th 2016 at 12:00PM

For more information visit:

http://www.pstat.ucsb.edu/ActFair/ActFair2016.htm

UCSB Probability & Statistics Actuarial Program

Faculty Undergraduate Advisor and Director of Undergraduate Studies:

Raya Feldman

feldman@pstat.ucsb.edu

Brief Overview of CAS Changes

• CAS VEE REQUIREMENTS

Economics

Corporate Finance

• CAS NEW EXAM S (Statistics and Probabilistic Models) is based on

PSTAT 160A (Poisson models, intro), 160B or 173 (Compound Poisson, etc.)

PSTAT 120BC (Mathematical statistics)

PSTAT 126, 127 (regression, linear and GLMs)

PSTAT 174 (Time Series)

PSTAT 172A (small part on life contingencies)

• Due to the change in CAS exams, students pursuing CAS track will be able to substitute PSTAT 160B for PSTAT 172B

Brief Overview of SOA VEE Changes

• Current VEE Requirements

Economics

Corporate Finance

Applied Statistics

• Expected Changes in VEE areas (effective summer 2018)

Economics Accounting and Finance Mathematical Statistics

• Math Stat VEE will require B- or better in PSTAT 120B, possibly 120C• Take Econ 3A to prepare for Accounting and Finance VEE• Applied Statistics VEE will be replaced by the Applied Statistics Exam,

based on time series (174/274), regression (126, 127), and data mining (131/231)

Brief Overview of SOA Exam Changes

SUMMER 2017 • Some of the exam FM material will be moved to MFE allowing us to cover FM in

on course PSTAT 171.

• Some of the stochastic calculus material will be moved from exam MFE to the fellowship exams.

SUMMER 2018 • Applied Statistics VEE will be replaced by the Mathematical Statistics VEE.

Account and Finance VEE will replace Corporate Finance VEE. A new exam and a project in predictive analytics is planned to include regression, time series and some data mining.

• More information on forthcoming changes is available at our website:

http://www.pstat.ucsb.edu/instruction/actuary/exam.htm

Sample Sophomore Resume

Sample Senior Resume

Actuarial Association Goals• Find you a job or internship

– Resume Workshop– Mock Interviews– Info Sessions– Actuarial Career Fair– On-campus Interviews

• Prepare you for the field– Succeeding as a Stats major at School– Actuarial Tracks– Preparing for Exams– Monthly Programming workshops– Case Competition Team

• Bring you into our community– Get to know other actuarial students on campus– UC Actuarial Association– Socials: Zodo’s Bowling, Food social with International Student Association

Big Events to look forward to

• Actuarial Career Fair (Fall 2016)

• UCLA Case Competition Comp (Winter 2017)

• California Actuarial Student Summit (Winter 2017)

• Berkeley Case Competition (Spring 2017)

• Actuary Day (Spring 2017)

UC Actuarial Association (UCAA)

• UCAA is a new student group established in Fall 2016 to create a network connecting actuarial students and alumni from across all UC campuses. The mission of UCAA is to promote student interest in the actuarial career; to encourage the academic, social, and professional development of its members; and to provide interaction through online media and jointly hosted events.

• Current participating student organizations are: Actuarial Science Association at UC Davis, Actuarial Society of UCI, Bruin Actuarial Society, Cal Actuarial League, UCSB Actuarial Association.

ucactuarialassociation@gmail.com

Officer OpeningsJournalist• Takes photographs at every event, uploads them to flickr within 2 days of the event, and

shares the link• Creates quarterly newsletters (The Actuarial Account)• Observes meetings and member interaction in order to offer feedback to improve

member retention.• Attends weekly officer meeting (missing max 1 meeting each quarter), attends every

event (missing max 5 per year)• Hosts at least one social event Winter Quarter

Secretary• Updates all pages of the website to reflect current information.• Records minutes during officer meetings and posts to club website.• Creates a summary of the content presented at every club event and posts to club

website and club FB.• Works with Public Relations and Journalist to include their material on club website.• Checks actuarial websites & blogs (i.e. SOA, CAS) weekly and announces on club

website and FB if there are any new articles.• Attends weekly officer meeting (missing max 1 meeting each quarter), attends every

event (missing max 5 per year)• Hosts at least one social event Winter Quarter

Applications due next Friday, September 30th

Club Apparel

$20 Actuarial Association

Polo

$35 Actuarial Association

Quarterzip

Membership & Benefits

• $30 membership fee

• Must attend 3 events per quarter in order to be considered an active member of the Actuarial Association (sign in on a sheet)

Benefits of Active members

• Exam Reimbursement

• 2 exclusive hours into Actuarial Career Fair

• Entry into UCSB’s resume booklet

• Access to study materials and discounts

Upcoming Events

• Scavenger Hunt tomorrow (9/24)- Meet 4:30 pm in front of Storke Tower

• Resume workshops beginning Monday! You will be emailed a location to sign up within 24 hours, if you become a member today!