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Statistical Science

This guide highlights key information and resources for Statistical Science research.

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Brittany Wofford

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What is Actuarial science?

A discipline that applies mathematical and statistical methods to assess risk and uncertainty.

What are common undergraduate majors?

Students usually major or double-major in Mathematics, Economics, Computer Science, or Statistical Science.

Can I need a degree in Actuarial science?

No.  To be considered an actuary, the Society of Actuaries, the professional organization, requires taking and passing five exams.

What classes should I take?

The Math Department at Duke has course recommendations for this career path. 

How do I prepare for the actuarial science exams?

The Duke University Libraries has purchased recommended texts that you can use to study.  

Duke Actuarial Society

Exam P: Probability resources

The Society of Actuaries provides exam info pages.  Exam P–Probability has the most current syllabus for this exam as well as lists of recommended resources and links to practice exams.  

 

Books recommended for Exam P: Probability

Exam FM: Financial mathematics resources

The Society of Actuaries provides exam info pages.   Exam FM-Financial Mathematics has the most current syllabus for this exam as well as lists of recommended resources and links to practice exams.  

 

Books recommended for Exam FM: Financial Mathematics

Exam IFM: Investment and financial markets resources

The Society of Actuaries provides exam info pages.   Exam IFM–Investment and Financial Markets has the most current syllabus for this exam as well as lists of recommended resources and links to practice exams.  The IFM Exam will be offered for the last time in November 2022.

 

Books recommended for Exam IFM: Investment and Financial Markets