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Requirements

Validation for Educational Experience (VEE)

was added because starting in 2005, the three VEE topics will no longer be covered on the four preliminary exams, and these requirements need to be fulfilled in addition to the exams. These topics are appropriate for VEE because they are best learned in a classroom and are somewhat peripheral to actuarial work. The three VEE topics are Applied Statistical Methods, Corporate Finance, and Economics. A list of approved courses is updated monthly by SOA and can be found here, with more info on the courses.

3 Ways to get VEE Credit

1. College Courses

Complete courses offered by a college or university and approved by the CAS, CIA, and SOA, and receive a grade of B- or better. Translation will be determined if the school does not use letter grades.

For the complete listing of eligible courses for Berkeley and to learn more about course timeframes, refer to the VEE Directory of Approved Courses.

Applied Statistical Methods
Take Stat 153 or Stat 248 (Time Series) with one of the following:
+ Econ 140 (Economic Statistics and Econometrics)
+ Stat 135 (Concepts of Statistics)
+ Stat 151A (Linear Modelling: Theory and Applications)

OR, take one of the following:
+ Econ 141 (Econometric Analysis)
+ MFE 230E (Empirical Methods in Finance)

Corporate Finance
Take one of the following: + UGBA 103 (Introduction to Finance)
+ E 120 (Principle of Engineering Economics)

Economics
+ Econ 1 or 2 (Introduction to Economics)

OR, take one of the following:
+ Econ 101A (Microeconomic Theory) and Econ 100B (Macroeconomic Analysis)
+ Econ 100A (Microeconomic Analysis) and Econ 100B (Macroeconomic Analysis)
+ Econ 101A (Microeconomic Theory) and Econ 101B (Macroeconomic Theory)
+ X2 (Intro to Microeconomics – UCB Extension) and X3 (Intro to Macroeconomics – UCB Extension)

2. Standard Examinations
Achieve a pre-set score on a standardization examination as determined by the CAS, CIA, and SOA. Specified score minimums on the Advanced Placement (AP) and College Level Examination Program (CLEP) tests for micro and macroeconomics will be accepted as VEE credit for economics. The VEE Administration (VEEAC) will determine which other examinations qualify and the score required for credit. A full list of currently acceptable other education experiences is available here.

3. Other Educational Experiences
Complete other educational experience as approved by the CAS, CIA, and SOA. A full list of currently acceptable other education experiences is available here.