SOA Exam MFE / Actuarial Models: Financial Economics Segment - Exam Seminar

Upcoming class schedules listed under the Registration Tab

This review course is 4 day (28 contact hours) in length and is designed to cover all pertinent material for the SOA Exam MFE/ Actuarial Models: Financial Economics Exam.

Course Content and Structure - 4-day seminar:
The general style of the course will be to review a formula or theory, do related problems, and then to move on to the next theme.  The ordering of the material will be as in McDonald’s Derivative Markets with any additional notes from the SOA included at the appropriate points. 

The assumption will be that participants have a basic familiarity with the material, though perhaps not mastery, and that minimal lecture augmented by problem solving will cement concepts while preparing directly for the exam.  Materials provided at the seminar, but bring your text and other notes as desired.

SOA MFE Review Course Fee
Regular Fee $595.00
Alumni Fee $475.00

SOA Exam MFE Upcoming Seminar Dates

 
Schedule listed under the "Registration" Tab 

SOA MFE Exam Dates
April 19 - 25, 2012
August 1 - 7, 2012
November 1 - 7, 2012
 

UCF-Test Prep only provides test preparation review courses and does not provide registration for the actual exam. Please click the link below to get more details on the exam you are interested in or to register for this particular exam. Actuary Exam Administration Site

On-site Review Courses

Looking to offer a review program on-site? "Bringing UCF to You" with convenient, discounted on-site review courses provided in various, flexible course format options. Whether you would like to offer your own private course or be able to provide a special discount to your students, UCF Test Prep is here to assist you in making your students successful. We bring the most comprehensive and affordable training to your location for your students.

For more details on this training option, please contact Kim Malac at kmalac@ucf.edu or 407-882-0251.

Textbook

Students are responsible for providing their own copy of the textbook and study guide.

McDonald, Robert L., Derivatives Markets (Second Edition),
Addison Wesley, 2006. 
Chapters 9-14, 18-20, 24. 

Instructor Biography

Mr. Stephen Kellison, FSA, MAAA, is serving as a Visiting Professor in Actuarial Science at the University of Central Florida, and has prior extensive actuarial experience in both the actuarial industry and consulting. During his career he has also been Director of the Actuarial Science Program at the University of Nebraska - Lincoln, and Chair of the Department of Risk Management and Insurance at Georgia State University. He has taught actuarial seminars for over twenty years. He also is the author of The Theory of Interest, ISBN: 978-0073382449, a well-known reference covering material on the current syllabus for SOA/CAS Course FM/2. He is currently a Past President of the Society of Actuaries and is a past Executive Director of the American Academy of Actuaries.

NOTABLE PROFESSIONAL ACTIVITIES:
-Past President of the Society of Actuaries
-Fellow of Society of Actuaries
-Member of the American Academy of Actuaries
-Past Executive Director of the American Academy of Actuaries

Customer Support

Contact Us | Frequently Asked Questions | Transfer and Refund Policy | Special Notes

Contact Us

407-882-TEST (8378)
testprep@ucf.edu

University of Central Florida
Division of Continuing Education
12565 Research Parkway, Suite 390
Orlando, FL 32826

Frequently Asked Questions

• What is the size of the class?
  The maximum class size is 25 students.
  
  
• Is the textbook included in the fee?
  No, the textbook needs to be purchased separately. Please make sure the CD-Rom is included with the GMAT, GRE, and FTCE textbook. All other textbooks do not require a CD-Rom. All textbooks can be purchased at most national or local bookstores or online suppliers.  
  
  
• Do I have to be a UCF Student to take the course?
  No, the UCF Test Prep Review is available to anyone.

• Who is qualified for the UCF Alumni Discount?
  Students who have graduated and received a degree from UCF qualify for the alumni discount. The discount is also extended to those about to graduate from UCF within the same term as the review course and current UCF Staff and Faculty members. For ACT/SAT only, the discount can be extended to children of UCF Alumni.

• What is the success rate of students after taking the test preparation classes?
  We do not have statistics on the test scores because, most students take the test right after they complete the test preparation course and there is no requirement for them to report their scores to UCF Continuing Education. What we do have, from test prep students, are extremely high indications of instructional satisfaction through documented feedback from test preparation students listed on our website.

• Do you offer Tutoring?
  Yes, Tutors are available to prepare students for the GRE, GMAT, and SAT tests. Please call (407)882-0260 or email testprep@ucf.edu for instructor availability and pricing.

• Do you have payment plans?
  Full payment is due before the class begins. If you decide to set up a payment plan, you must fill out a Deferred Payment Plan Form. Contact our office for more information and for approval.

• Why is your test preparation class so much cheaper than other test preparation classes I have found?
  Our goal is to offer a quality service at an affordable price and ultimately assist potential undergraduate, graduate, and professional level students with enrollment into a degree program.

Exam Information

• Can I register for my exam with you?
  We do not manage any of the actual exams. Students need to go to the selected exam's website to sign up for a test date. The links below will provide students with the most up to date details on the actual exam, testing site locations, dates, and exam fee.
  
  Click here for each Exam Administration Website
  ACT www.actstudent.org
  FTCE www.fl.nesinc.com
  GMAT www.mba.com/mba
  GRE www.ets.org
  LSAT www.lsac.org
  MCAT www.aamc.org/students/mcat
  PCAT www.pearsonassessments.com/haiweb/Cultures/en-US/Site/Community/PostSecondary/Products/PCAT/PCATHome.htm
  SAT www.collegeboard.com

• Should I take the GMAT or GRE review?
  The GMAT exam is required for the MBA programs and most business graduate schools. Non-business graduate schools usually require the GRE exam. Students are advised to consult with their school department to see which test scores are required.

• Is the test included in the class?
  Students will be given practice tests, quizzes, testing strategies, and homework assignments to prepare them for the exam. We do not administer the actual exam. The test must be arranged separately with a testing facility.

• Do you offer a free practice exam?
  We provide free practice exam links on each of our test preparation review pages. UCF Test Prep is not affiliated with these sites. These are references from the official testing organizations that administer each exam. We feel each will be beneficial in providing core concepts to students.
  
  On the "Resources Tab" we have helpful tutorials to familiarize you with core mathematical concepts. These exercises are designed to explain concepts that you may have not seen for some time. There is an answer key to use with each exercise so you can check your answers.

Registration/Refund/Transfer

• I tried to register and make payment but the page timed out and I can't log back in. What do I do?
  If you are having trouble making payment or logging in, please contact testprep@ucf.edu or 407-882-8378 to complete payment.

• What do I do if I am going to miss a class session?
  Please contact us if you know in advance that you will be missing a class or if you have already missed a class after the course has started. We will notify the instructor and will work with the student based on the conditions of the absence.

Test Preparation Transfer and Refund Policy

All refund requests will be required to follow the Division of Continuing Education refund policy.

The transfer policy applies only to the Test Prep review courses in the subject areas of GRE, GMAT, FTCE and ACT/SAT courses. For transfers related to MCAT/PCAT/OAT/DAT or LSAT courses contact our office at 407.882.TEST (8378) as all MCAT/PCAT/OAT/DAT and LSAT course transfers will need to be handled on a case-by-case basis.

UCF Test Prep Administration will approve all transfer requests, and notify the student of the decision and any pertinent information. Instructors do not have the authority to make decisions on this policy. Notification to instructors does not constitute transfer from the class. The required UCF Test Prep Transfer Request Form must be completed and submitted for review.

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Transfer Process

1. Complete the transfer form: You, the student, must notify the Division of Continuing Education that you wish to transfer from the registered course. Download the transfer form from the UCF Test Prep website. This first step in the process is the most essential. We will consider your transfer request active on the day and time that we physically receive the signed form. Any transfer forms received outside of our regular business hours of Monday thru Friday, 8:00 AM to 5:00 PM will be considered “received” on our next regular business day.

2. Payment: There is a payment required for transferring to another course. A percentage of your registration fee is applied as a credit to the new transfer course. The credit is determined based on how much of the course is remaining, and not on how many classes that you have attended or missed.

We determine the remaining time for the course from the point in time we receive the transfer form, not from the time it is dated and signed. Only class times that meet after we receive the transfer form will count as remaining course time.

The credit is applied to the current registration fee of the course being transferred to, and any remaining balance will need to be paid by the student. There is also an additional transfer fee of $50.00 (fifty dollars) that is added to your registration fee. The $50.00 transfer fee is required to be paid regardless of how much the credit is.

Registration Fee Clarification: If you transfer to another course you will be in the same fee category as the class you are transferring from. For example, you may not transfer and switch from the regular Registration rate to the Alumni rate (unless you have graduated prior to taking the new course).

Example of How the Credit is Determined: The amount of your credit is determined by how much of the course is remaining.

• We take the number of hours for your course (ex. 24 hour review course)
• Then subtract the number of hours the course has met (ex. 2 class meeting at 4 hours each equals 8 hours that have met).
• This will give us the remaining number of hours the course has NOT met (ex. 24-8 = 16 hours).
• The remaining amount of class is be divided by the total number of hours for the course (ex. 16/24 = 66.7%). This percentage of your fee is applied to the registration fee transfer course.

Sample: Orlando was taking the 16-hour review course, but after two class meetings Orlando decided that he wants to transfer to the 24 review hour course. Orlando paid $549 for the 16-hour review course, and the 24-hour review course fee is $700. How much will the credit be and how much will he need to pay?

Orlando’s class meets for 4 hours each session and there have already been 2 class meetings, so 8 hours of the course have already met, and 8 hours or 50% of the course remains. Orlando will receive a credit for 50% of his $549 registration fee that will be applied toward the $700 registration fee for the transfer course.

After the $274.50 credit is applied, Orlando is left with a $425.50 registration fee. Once the $50.00 transfer fee is applied to the remaining registration fee of $425.50, Orlando will need to pay $475.50 for transferring into the 24-hour review course.

Special Notes:

Transfers for LSAT and MCAT/PCAT/OAT/DAT will be handled on a case-by-case basis, please contact our office at 407.882.TEST (8378).

No portion of your registration fee can be applied to another DCE program or transferred to another person.

UCF Test Prep will not refund textbook purchases, nor will we supply the textbook for the transfer course.

About UCF Test Prep Program Staff

With over 13 years of experience the UCF Test Prep staff contributes to the development and administration of the GRE, GMAT, LSAT, SAT, SOA Exams, and Teaching Certificate Preparation Course Reviews. As part of the University of Central Florida - Division of Continuing Education, we believe the UCF Creed of Integrity, scholarship, community, creativity and excellence are the core values that guide our conduct, performance, and decisions. Our goal is to make sure customers receive the help they need. We will provide each student with the best customer service available, always follow-up when needed to ensure students are satisfied and receive the information that they were seeking, set customer expectation based on what can be delivered and realistically met, and treat all customers with professionalism and courtesy, while expediting service request.

 UCF Test Prep Program Staff

Austin Companion
Program Associate and Customer Support 

Austin is involved in direct programmatic, customer and instructional support for the following programs: UCF-Test Prep, ROPES Programs, Insurance Adjuster Training, Home Inspection, as well as specific client-based corporate/on-site training initiatives. He offers the upmost in quality customer service to provide specific program details and course schedule information to potential and current students/participants. Austin is also responsible for maintaining daily enrollment management services, assisting with marketing efforts, and interacting as the instructional liaison for each program he supports, maintaining cohesion between instructor assignments, compensation and logistical support.

Pat Craft
Program Associate and Customer Support 

Pat is involved with direct programmatic, customer and instructional support for the following programs: UCF Test Prep, Insurance Adjuster Training and specific client-based corporate/on-site training initiatives. She offers the upmost in quality customer service to provide specific program details and course schedule information to potential and current students/participants. Pat serves as the primary schedule-builder for Test Prep as well as maintaining daily enrollment management services, interacting as the instructional liaison for each program she supports and assists in maintaining cohesion between instructor assignments, compensation and logistical support.

Kim Malac 
Coordinator and Customer Support 

Kim is involved in direct programmatic, customer and instructional support for the following programs: UCF-Test Prep; UCF-Test Prep Tutoring Services, Insurance Adjuster Training, Financial and Retirement Strategy Series, Online Photonics Technician Certificate Program, Criminal Justice Seminars, SSP Leadership Program, and Certified Financial Planning Program, as well as specific client-based corporate/on-site training initiatives. She offers the upmost in quality customer service to provide specific program details and course schedule information to potential and current students/participants. Kim is also responsible for maintaining daily enrollment management services, data and report analysis as well as interacting as the instructional liaison for each program she supports, maintaining cohesion between instructor assignments, compensation and logistical support.

Chris Rose
Assistant Division Director
UCF Test Prep Program Director
Chris brings to the Central Florida business community 15 years of programmatic and business development experience focused on industry and professional development training. He started his career at UCF's Executive Development Center in the College of Business, and continued to build on his management and business relationship strengths at SCCorporate College, where he guided the Business and Industry Support Center as well as other Continuing Education programs. Chris joined UCF's Division of Continuing Education in 2003 and, through strategic partnerships and consultative relationships, has developed and expanded the areas of management/supervision, leadership, sales, marketing and organizational-based training. As part of his primary focus, Chris is responsible for the implementation of customized and corporate training programs designed specifically to meet a business' organizational needs and goals. He is also responsible for directing the following programs: UCF's Call Center Academy, the ROPES Challenge Course, UCF-Test Prep, Effective Management Training Series, Train-the-Trainer Series and the division's insurance training programs.