[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-398727-105":59,"doc-detail-398727-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","actuarial-science-and-financial-mathematics-faqs","Actuarial Science and Financial Mathematics FAQs","","Actuarial Science and Financial Mathematics FAQs explain how the actuarial science major supports insurance, pension, and benefit plan design, financing, and operations through mathematical and statistical foundations, while a financial math track emphasizes mathematics used in financial markets, including pricing derivatives and portfolio selection. The FAQs cover Ohio State actuarial student enrollment, major prerequisites and general education requirements, VEE validation rules, recommended preparation for SOA actuarial exams, exam pass rates, internship timing and typical participation, internship and early-career outcomes, and career milestones for associate and fellow standing.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/actuarial-science-and-financial-mathematics-faqs/398727/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/actuarial-science-and-financial-mathematics-faqs/398727.png","ImageObject",300,407,{"name":92,"@type":93},"LangkahRina","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is the difference between Actuarial Science and Financial Math majors?","Question",{"text":113,"@type":114},"Actuarial Science builds mathematical and statistical foundations for insurance, pension, and benefit plans, preparing students for actuarial roles and consulting. Financial Math focuses on mathematics behind financial markets, including pricing futures, options, and other derivatives, and portfolio selection.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What are VEEs and why do students need them?",{"text":118,"@type":114},"VEEs (Validation by Educational Experience) are requirements students and actuaries must complete to progress in their career field and be eligible for membership in actuarial societies. The OSU program has courses approved for VEE, with VEE course options referenced from the program requirements.",{"name":120,"@type":111,"acceptedAnswer":121},"How do students typically prepare for and pass actuarial examinations?",{"text":122,"@type":114},"Students prepare for specific SOA exams using listed OSU courses for each exam (e.g., P/CAS 1, FM/CAS 2, MLC/CAS LC, MFE/CAS 3F, C/CAS 4). After passing an exam during school, the corresponding course may be waived, with a VEE course as a good replacement. The FAQ also notes that more than 70% of students pass at least one exam and more than 50% pass two or more.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},398727,1790625230,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":14,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":24,"preview_page_count":4},962090893776,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Actuarial Science and Financial Mathematics FAQs  \n1. What is the difference between a major in Actuarial Science and a major in Financial Math?  \nActuarial Science is the mathematical and statistical underpinning of the design, financing, and operation of all types of insurance, pension plans and benefit plans. Actuarial science prepares students for a career in the actuarial side of the insurance business and in actuarial consulting. Please see [http://www.beanactuary.org/about/ for more](http://www.beanactuary.org/about/ for more) information.  \nFinancial math track provides students with a foundation of the mathematics used in financial markets. It focuses on the pricing of the financial instruments (futures, options and other derivatives) and portfolio selection. Though there are job opportunities in financial institutions for students with an undergraduate degree, students in this track are encouraged to continue with graduate study in financial math, financial engineering, computational finance, or quantitative finance (they essentially mean the same thing) . There are many professional master degree programs in this area.  \n2. How many students are currently majoring in actuarial science at Ohio State?  \nWe have close to 350 students in our program.  \n3. Are there any requirements to my actuarial major? If so, what are they?  \nWe place students into a pre-major when they switch or add this major. The major prerequisitesand requirements can be found at [https://math.osu.edu/undergrad/current](https://math.osu.edu/undergrad/current)  \nmajors/requirements/actuarial.  \nStudents will also need to complete the College of Arts and Sciences General Education requirements. Students should meet with their academic advisor in the Math Advising Office or review the requirements online, [https://math.osu.edu/undergrad/current-majors/requirements](https://math.osu.edu/undergrad/current-majors/requirements).  \n4. What are VEEs?  \nStudents and actuaries must complete Validation by Educational Experience (VEE) requirements in order to progress in their career field and be eligible for a membership in any of the actuary societies.  \nOSU has courses approved for Validation by Educational Experience (VEE) by the Society of Actuaries (SOA) . Visit the Actuarial Science requirements from the website in \\#3 for the VEE course options.  \n5. How do students prepare to take and pass the actuarial examinations?  \nWe have  \n• (Math 4530 or Stat 4201) and 4202 to prepare students for Exam (SOA P/CAS 1)  \n• Math 3618 for Exam (SOA FM/CAS 2)  \n• Math 5630 and 5631 for Exam (SOA MLC/CAS LC)  \n• Math 5632 for Exam (SOA MFE/ CAS 3F)  \n• Math 5633 and 5634 for Exam (SOA C/CAS 4)  \nStudents who pass an actuarial science exam while in school may waive the corresponding course if not yet completed. Students would then need to replace this requirement with another course, VEE courses are good replacements.  \n6. Is it recommended that students take any of the actuarial exams while still in college?  \nYes, we strongly urge our students to take the exams as early as possible.  \n7. If so, how many exams are typically taken and what percent of the students pass?  \nMost of them try Exam P and Exam FM after taking the corresponding courses. Upon graduation, more than 70% of our students have passed at least one actuarial exam; more than 50% of students have passed two or more exams.  \n8. Are there any internship programs during the school year? During the summer?  \nYes, but most of the internships occur during the summer. Occasionally, students continue working during the school year. More than 30 insurance companies or consulting firms come to OSU each year to recruit for their internship or full-time positions, and the number has been increasing.  \n9. What percent of OSU Actuarial students do an internship?  \nMore than fifty percent.  \n10. Where do students do their internship?  \nState Farm, Great American, Nationwide, Erie Insurance, State Auto, Watson Wyatt, M","cbCait8MmT6vP5o6","https://ap.wps.com/l/cbCait8MmT6vP5o6","pdf",36044,"English","# Questions and Answers\n## Major choice and program size\n## Requirements and VEE\n## Exam preparation and outcomes\n## Internships and early career","[{\"question\":\"What is the difference between Actuarial Science and Financial Math majors?\",\"answer\":\"Actuarial Science builds mathematical and statistical foundations for insurance, pension, and benefit plans, preparing students for actuarial roles and consulting. Financial Math focuses on mathematics behind financial markets, including pricing futures, options, and other derivatives, and portfolio selection.\"},{\"question\":\"What are VEEs and why do students need them?\",\"answer\":\"VEEs (Validation by Educational Experience) are requirements students and actuaries must complete to progress in their career field and be eligible for membership in actuarial societies. The OSU program has courses approved for VEE, with VEE course options referenced from the program requirements.\"},{\"question\":\"How do students typically prepare for and pass actuarial examinations?\",\"answer\":\"Students prepare for specific SOA exams using listed OSU courses for each exam (e.g., P/CAS 1, FM/CAS 2, MLC/CAS LC, MFE/CAS 3F, C/CAS 4). After passing an exam during school, the corresponding course may be waived, with a VEE course as a good replacement. The FAQ also notes that more than 70% of students pass at least one exam and more than 50% pass two or more.\"}]","Actuarial Science and Financial Mathematics FAQs | PDF",1790488521]