<p>I am preparing to take Exam P (probability): the first of a series of tests in becoming (or qualifying to become) an actuary. Given that I have a decent chance of passing, would this sort of test be worth mentioning on a college application (given a focus on finance, economics) or is it filler/negative, since I could be using my time to do other things? I should mention that preparation for this test wasn’t forced upon me by any means; I was just curious if I had what it took to become an actuary.</p>
<p>If you plan on majoring in actuarial science or some other higher math, it should be a plus on your resume. Anyone who knows about actuary exams could never consider them as filler. My wife passed her first actuary exam as a college senior. To be able to pass it in high school shows that you have very rare math skills for your age.</p>
<p>thealt:</p>
<p>My son wants to do the same thing. I told him as long as it doesn’t interfere with his regular (rigorous) school work, it was fine with me. Why do you think that you have a “decent” chance at passing? I read somewhere that more than half the people that take Exam P/1 fail the first time around. Exam P/1 covers calculus-based probability and statistics. Have you already had Calculus based probability in high school or are you self taught? And finally - what schools are you looking into for your actuarial career?</p>
<p>Thank you Chardo. I wasn’t planning on listing it as an activity, but if there aren’t any adverse effects in doing so, I will strongly consider its placement.</p>
<p>kleibo: Admittedly, I currently don’t have a very good shot at passing. However, come exam time, I feel that I will (I am presently scoring around 17/30 on practice exams from the ASM manual that I am using to study). I have taken probability, statistics, and calculus courses but have not taken a special class that combined these different fields. The math itself isn’t difficult to pick up, though the material presented in the guide is more formally presented (with proper notation) than my previous classes in each respective subject. I will probably major in economics or finance in college and am therefore looking into schools that have specialized undergraduate programs for these fields. Though your last question brings about another dilemma: is there any reason to take the exam, if I am not certain of my career choice (i.e. becoming an actuary)?</p>
<p>As far as I can see most times it is recommended to have a double major or dual degree if majoring in actuarial science. In addition to Actuarial Science, most major in Math, Finance, Economics, etc. </p>
<p>If you’re not sure on your exact career choice, there is really no reason to take the exam in high school. If you have the time and want to study for it, then by all means, go for it, but it really is not necessary.</p>
<p>Do you know a cheap place to get actuarial study guides?</p>
<p>I figured it probably wasn’t necessary, but I don’t have much to do over the summer anyway. And since I’m already so far along, I may as well. Thanks again.</p>
<p>ZenTsuki: Sorry, I bought mine for the retail $99.</p>