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So You Want to Be an Actuary?

By: , Posted on: September 21, 2015

Actuarial and finance students worldwide will be interested in my recent interview with Professor Stephen Garrett about his new book, Introduction to Actuarial and Financial Mathematical Methods. In it he talks about fundamental applied mathematical tools and techniques.

Stephen is Professor of Mathematical Sciences at the University of Leicester (UK).  He is currently Head of Actuarial Science in the Department of Mathematics, and also Head of the Thermofluids Research Group in the Department of Engineering. These two distinct responsibilities reflect his background and achievements in both actuarial science education and fluid mechanics research. Stephen is a Fellow of the Royal Aeronautical Society, the highest grade attainable in the world’s foremost aerospace institution.

Professor Garrett’s new book, Introduction to Actuarial and Financial Mathematical Methods, provides a complete course of self-study for students of actuarial science and financial mathematics. It covers the subjects most often needed by non-mathematics graduates, such as fundamental calculus, linear algebra, probability, and basic numerical methods.

The easily-understandable text features examples, motivations, and lots of practice from a large number of end-of-chapter questions. For readers with diverse backgrounds entering programs of the Institute and Faculty of Actuaries, the Society of Actuaries, and the CFA Institute, Introduction to Actuarial and Mathematical Methods can provide a consistency of mathematical knowledge from the outset.

Stephen also is the author of another book, An Introduction to the Mathematics of Finance: A Deterministic Approach, now in its second edition.  It offers a highly illustrated introduction to mathematical finance, with a special emphasis on interest rates. This revision of the McCutcheon-Scott classic follows the core subjects covered by the first professional exam required of UK actuaries, the CT1 exam. It realigns the table of contents with the CT1 exam and includes sample questions from past exams of both The Actuarial Profession and the CFA Institute. With a wealth of solved problems and interesting applications, An Introduction to the Mathematics of Finance stands alone in its ability to address the needs of its primary target audience, the actuarial student.

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If you are interested in purchasing a copy of either Introduction to Actuarial and Financial Mathematical Methods or An Introduction to the Mathematics of Finance: A Deterministic Approach, Second Edition, visit the Elsevier Store. Apply discount code STC315 to receive up to 30% off the list price and free global shipping.

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Economics & Finance

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