February 11, 2021 -The Millikin University Actuarial Science program in the Department of Mathematics and Computational Sciences has been recognized by the Society of Actuaries as an Advanced Curriculum Program earning the level of UCAP-AC. Millikin’s Actuarial Science program becomes the sixth program in Illinois to receive UCAP-AC recognition.
As a result of this new program recognition, Millikin’s actuarial program will receive financial assistance for three individual student preliminary exam registrations each academic year as well as reimbursement for the purchase of study materials for SOA preliminary exams. Millikin’s program will also receive financial assistance from the SOA for travel costs to actuarial conferences and to host on-campus events.
To be recognized as a UCAP-AC “advanced curriculum” program, the school must offer courses that prepare students for at least four actuarial exams and that satisfy the three Validation by Educational Experience (VEE) requirements. Millikin’s program provides courses that prepare for Exam P (Probability), Exam FM (Financial Mathematics), Exam IFM (Investments and Financial Markets), and Exam LTAM (Long-Term Actuarial Mathematics). The VEE requirements satisfied by Millikin’s coursework are Economics, Accounting and Corporate Finance, and Mathematical Statistics.
“Millikin’s Actuarial Science program was created through Performance Learning. Guided by Associate Professor Emeritus Dr. Randal Beck, alumna Meghan Sims Goldfarb ’08 used her James Millikin Scholar honors project to design our original program, the goal of which was to prepare students for a single exam before graduation,” said Dr. Joe Stickles, chair of the Department of Mathematics and Computational Sciences at Millikin and professor of mathematics.
As part of the Performance Learning experience, Millikin actuarial science majors complete senior research projects as part of their capstone experience and participate in case studies offered through various organizations.
