Advanced Financial Mathematics for Actuaries
Master advanced financial concepts including loan calculations, bond valuation, and interest rate analysis in preparation for SOA Exam FM/CAS Exam 2.
Master advanced financial concepts including loan calculations, bond valuation, and interest rate analysis in preparation for SOA Exam FM/CAS Exam 2.
This comprehensive course covers advanced financial mathematics essential for actuarial practice. Students learn sophisticated concepts in time value of money, including loan amortization, bond pricing, duration and convexity, and interest rate structures. The curriculum aligns with SOA Exam FM/CAS Exam 2 requirements, providing practical calculations and real-world applications. As part 2 of a 2-course sequence, it builds on foundational concepts to develop expertise in complex financial mathematics.
Instructors:
English
English
Powered by
What you'll learn
Calculate loan payments and create detailed amortization tables
Determine bond prices and develop bond amortization schedules
Compute net present value and internal rate of return for investments
Analyze interest rate sensitivity using duration and convexity measures
Understand spot rates and forward rates in term structure analysis
Master refinancing calculations and loan balance determination
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, Exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
Closed caption
Get a Completion Certificate
Share your certificate with prospective employers and your professional network on LinkedIn.
Created by
Provided by
Top companies offer this course to their employees
Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.
Module Description
This advanced course in financial mathematics prepares students for actuarial certification by covering complex topics in loan analysis, bond valuation, and interest rate dynamics. The curriculum focuses on practical applications of time value of money concepts, including loan amortization, refinancing calculations, bond pricing with various features, and investment analysis using duration and convexity. Students learn to calculate net present values, determine internal rates of return, and understand the term structure of interest rates. The course emphasizes hands-on calculations and real-world applications relevant to actuarial practice.
Fee Structure
Instructor
3 Courses
Distinguished Leader in Actuarial Science Education
Gordon Enderle serves as Teaching Faculty III and Director of the Actuarial Capstone program in the Risk and Insurance Department at the University of Wisconsin-Madison's School of Business. With a BS from Princeton University earned in 1983, he has established himself as a key figure in actuarial science education. As the program director, he oversees the prestigious Capstone Certificate in Actuarial Science program, which prepares students for successful careers in the actuarial field. His leadership role includes developing curriculum, teaching advanced actuarial courses, and guiding students through the professional certification process. Based in Grainger Hall, he plays a vital role in maintaining UW-Madison's reputation as a Center of Actuarial Excellence, helping to prepare students for a field where professionals can earn between $150,000 to $250,000 annually. His work contributes significantly to meeting the growing demand for actuaries, projected to increase by 22 percent according to the U.S. Bureau of Labor Statistics.
Testimonials
Testimonials and success stories are a testament to the quality of this program and its impact on your career and learning journey. Be the first to help others make an informed decision by sharing your review of the course.
Frequently asked questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.