Exam Alley
This preliminary exam covers probability, conditional probability, and continuous/discrete random variables.
What is Exam P?
VEE stands for this three-letter educational prerequisite required by the actuarial societies.
What is Validation by Educational Experience?
The cost of being a member of our club (dues).
Popular open-source programming language widely used in predictive analytics, named after a non-venomous snake.
What is Python?
This exam tests the time value of money, annuities, bonds, yield curves, and interest rates.
The three official core VEE subject areas required for ASA credentials.
What are Economics, Accounting & Finance, and Mathematical Statistics?
The exam prep program is our club is partnered with.
Pressing this function key in Excel toggles cell references between relative and absolute (adding $ signs).
What is F4 (fn + F4 on mac)?
While the SOA focuses on life, health, and pensions, this professional society specializes in property and casualty insurance.
What is the CAS (Casualty Actuarial Society)?
In corporate finance, this metric represents a firm's average cost of capital weighted by equity and debt proportions.
What is WACC (Weighted Average Cost of Capital)?
The number of positions on our Executive Board
What is 7
The programming language embedded in Microsoft Office used to write macros and automate repetitive actuarial spreadsheets.
What is VBA (Visual Basic for Applications)?
The score required on SOA/CAS exams that represents a passing threshold (scale of 0–10).
What is 6?
The minimum college course letter grade required to earn VEE credit for an approved class.
What is a B− (or B minus)?
The year the this club was founded.
2015 (or 2018 when its name was changed to "Actuarial Sciences Club").
Heavily used in traditional insurance companies and healthcare analytics, this statistical software suite is known for its DATA steps and PROC procedures
What is SAS?
Unlike standard multiple-choice exams, this 3.5-hour SOA preliminary exam requires candidates to manipulate data, fit predictive models using R code, and write a formal report analyzing a real-world business problem.
What is Exam PA (Predictive Analytics)?
The triangular area on a supply and demand graph representing the loss of total economic efficiency when market equilibrium is not achieved.
What is Deadweight Loss?
The name of the first guest speaker of this semester.
Who is Charles Johnson?
The name of the AI built into Excel
What is Microsoft Copilot?