VEEs (Validation by Educational Experience)

In addition to passing the preliminary actuarial exams, students and actuaries can complete VEE requirements in order to progress in their career field and be eligible for a membership in any of the actuary societies. There are a total of three VEE topics jointly sponsored by the Society of Actuaries (SOA), Casualty Actuarial Society (CAS) and Canadian Institute of Actuaries (CIA):

  1. Economics
    Students completing the Economics Finance VEE with courses at OSU, must complete one microeconomics course and one macroeconomics course:
    • Microeconomics Options
      • Econ 2001 Principles of Microeconomics
      • Econ 2001H Principles of Microeconomics
      • Econ 4001 Intermediate Microeconomics
    • Macroeconomics Options
      • Econ 2002 Principles of Macroeconomics
      • Econ 2002H Principles of Macroeconomics
      • Econ 4002 Intermediate Macroeconomics
  2. VEE Corporate Finance. Name change to VEE Corporate Finance-Accounting and Finance
    Students completing the Corporate Finance VEE with courses at OSU, must complete both courses in one of the following sequences to fulfill the VEE:
    • Accounting - new category starting July 1, 2019
    • BUSFIN 3120 Foundations of Finance
  3. VEE Applied Statistical Methods. Name change to VEE Mathematics Statistics on July 1, 2018
    Students completing the Applied Statistical Methods VEE with courses at OSU, must complete one regression component and one time series component to fulfill the VEE:
    • Regression Courses
      • ​Econ 5410 Econometrics I
      • STAT 5302 Intermediate Data Analysis II
    • Times Series Courses
      • Econ 5420 Econometrics II
      • STAT 5550 Introductory Time Series Analysis

​New: July 1, 2018 - Statistics for Risk Modeling Exam added to this content area

 

Actuarial Exam and VEE Changes

The SOA has revised the ASA and CERA curriculum as part of its ongoing efforts to support and enhance the actuarial profession. The curriculum reflects employer-valued components and the quality, rigor and depth of expertise expected of SOA members. These curriculum changes address evolving industry challenges and needs, use new educational technologies, and incorporate subject matter on new topics such as predictive analytics. The revised/new exams and modules will be released sequentially, beginning in late 2018 and continuing through 2021. The SOA website includes an overview of the changes along with transition rules and the recommended order for each track.

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