GREENVILLE, S.C. (April 29, 2019) – Six Bob Jones University students majoring in actuarial science achieved a 100% pass rate on the Society of Actuaries Financial Mathematics exam this spring. Passing the actuarial exams is expected for most entry level actuarial positions in both the insurance and finance industries as well as by actuarial consulting firms.
Each year, the Society of Actuaries issues 35-question, 3-hour tests to credential future actuaries in financial mathematics. In 2018, the average first attempt pass rate was 48.7% with many students needing to take the exam multiple times to achieve a passing score.
The following BJU students sat for and passed the exam on their first attempt: sophomore Carl Chen of West Seneca, New York; senior Eunice Chew of Singapore; sophomore Nate Karamon of Allen Park, Michigan; sophomore Rebeca Lopez of San Antonio, Puerto Rico; senior James Poon of Hong Kong; and senior Caleb Weberg of Telford, Pennsylvania.
“We are so pleased with the performance of our BJU actuarial students this semester. A 100% pass rate for first-time exam takers is an astounding result, double the national average passing rate for this exam in 2018. It is evidence of the strong work ethic and the excellent study techniques that they have developed over the last several years with us,” said Dr. Melissa Gardenghi, chair of the Division of Mathematical Sciences. “This result prepares them well for success on future exams and positions them to have strong resumes when they pursue internships and start applying for jobs upon graduation.”