Senior Actuarial Science major, Makenzie Sauder, has passed the Society of Actuaries’ Financial Mathematics exam (Exam FM). The exam covers the fundamental concepts of financial mathematics and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. Exam FM is one of the exams required to achieve professional status as an actuary.
Actuaries are professionals who provide expert advice and relevant solutions for business and societal problems that involve economic risk. The actuarial profession is consistently ranked as one of the top 5 careers in the United States.
Makenzie has been honored for her academic achievements in the Mathematics and Computer Science department, including being selected as an Outstanding Calculus Student and Outstanding Discrete Mathematics Student for 2010-2011. At the 2011-2012 Mathematics and Computer Science Honors Reception, she was inducted into the mathematics honorary, Pi Mu Epsilon. She also worked for the department as a Mathematics Peer Tutor. Makenzie plans on graduating this December.
For more information about the Actuarial Science program, contact Dr. Christopher Swanson, at cswanson@ashland.edu or visit the website www.beanactuary.com.
