Standardized Exams and Other Educational Experiences

Revised April 15, 2008

The following exams/experiences are approved for VEE credit and are organized alphabetically within VEE topic.

Advanced Placement (AP) Examinations
Microeconomics Approval Code: 1-9901-0772-2-0000
Macroeconomics Approval Code: 1-9901-0773-2-0000
Sponsored by College Board

• Exam score of 4 or better required to receive credit.

• Candidates holding the CIIA designation may use it for VEE-Economics credit (macroeconomics portion only – For a candidate to receive full VEE-Economics credit, the CIIA designation must be paired with another VEE-approved course covering the microeconomics topics). See also Corporate Finance credit.

• Passing score on exam 1 required to receive credit. See also Corporate Finance and Applied Statistics.

• Score of 70% or better required to receive credit. Approved for 1995-2009.

College Level Examination Program (CLEP) Tests
Microeconomics Approval Code: 1-9903-0775-2-0000
Macroeconomics Approval Code: 1-9903-0776-2-0000
Sponsored by College Board

• Minimum score of 53 (computer) or 47 (paper) required to receive credit.

General Certification of Education (GCE) in Economics Full VEE Economics
Approval Code: 1-9904-0777-2-0000
Sponsors:

1. Oxford Cambridge and RSA Examinations
2. Assessment and Qualifications Alliance (AQA)
3. Edexcel

• Attain Advanced Level by passing both the Advanced Subsidiary (AS) and the Advanced (A2) exams with a grade of a B or better.

Hong Kong Advanced Level Examination in Economics (HKALE)
Full VEE Economics Approval Code: 1-9915-2875-1-0000
Sponsored by Hong Kong Examinations and Assessment Authority

• Grade of B- or better is required to receive credit.

Institute of Actuaries of Japan (IAJ)
Full VEE Economics Approval Code: 1-9914-2682-1-0000
Fellow of the Institute of Actuaries of Japan designation.

• Candidates may use the Fellowship designation with the IAJ for VEE-Economics credit. See also Applied Statistics credit.

International Baccalaureate (IB) Higher Level (HL) Exams
Microeconomics Approval Code: 1-9908-1285-2-0000
Macroeconomics Approval Code: 1-9908-1286-2-0000

• Minimum score of 5 required to receive credit.

NEAS online courses
Microeconomics Approval Code: 1-9905-0781-2-2011
Macroeconomics Approval Code: 1-9905-0782-2-2011
Sponsored by New England Actuarial Seminars (NEAS)

• Grade of B- or better is required to receive credit. Approved for 2005-2011.

Security Analysts Association of Japan (SAAJ)
Macroeconomics Approval Code: 1-9911-2611-2-0000
Chartered member of SAAJ (CMA designation).

• Candidates holding the CMA designation may use it for VEE-Economics credit (macroeconomics portion only – For a candidate to receive full VEE-Economics credit, the CMA designation must be paired with another VEE-approved course covering the microeconomics topics). See also Corporate Finance credit.
  
  

VEE-CORPORATE FINANCE

ACTEX Corporate Finance On-Line Course
VEE Corporate Finance Approval Code:  2-9906-3279-1-2011
Sponsored by ACTEX

• Grade of B- or better is needed to receive credit.  Approved for 2008-2011.

American Institute for Chartered Property/Casualty Underwriters (CPCU)-Corporate Finance online course
VEE Corporate Finance Approval Code: 2-9907-1246-1-2008

• The AICPCU Business and Financial Analysis for Risk Management and Insurance Professionals (CPCU 540) is approved for 2003-2009. Candidates must provide proof of receiving a passing score on the exam.

Association of Certified International Investment Analysts (ACIIA)
VEE Corporate Finance Approval Code: 2-9912-2615-1-0000
Certified International Investment Analysts designation (CIIA).

• Candidates holding the CIIA designation may use it for VEE-Corporate Finance credit – See also Economics (macro) credit

Canadian Securities Institute (CSI) – Canadian Securities Course
VEE Corporate Finance Approval Code: 2-9913-2613-2-2009

• Passing score of 70% or higher is needed on each of the two required exams. Approved for 2004-2009.

Chartered Financial Analyst (CFA) Exams
VEE Corporate Finance Approval Code: 2-9902-0774-1-0000
Sponsored by CFA Institute

• Passing score required on both exams 1 and 2. See also Economics and Applied Statistics.

NEAS Corporate Finance online course
VEE Corporate Finance Approval Code: 2-9905-0780-1-2011
Sponsored by New England Actuarial Seminars (NEAS)

• Grade of B- or better is required to receive credit. Approved for 2005-2011.

Security Analysts Association of Japan (SAAJ)
VEE Corporate Finance Approval Code: 2-9911-2612-1-0000
Chartered member of SAAJ (CMA designation).

• Candidates holding the CMA designation may use it for VEE-Corporate Finance credit. See also Economics (macro) credit.
  
  

VEE-APPLIED STATISTICAL METHODS

ACTEX Applied Statistics On-Line Course (covers both regression and time series)
Full VEE Applied Statistics Approval Code: 3-9906-1245-1-2011
Sponsored by ACTEX

• Grade of B- or better is needed to receive credit. Approved for 2005-2011.

ACTEX Time Series On-Line Course
Time Series Approval Code: 3-9906-2877-2-2010
Sponsored by ACTEX

• Grade of B- or better is needed to receive credit (time series topics only). For full VEE-Applied Statistics credit, it would need to be combined with another approved course covering regression topics. Approved for 2007-2010.

Chartered Financial Analyst (CFA) Exams
Full VEE Applied Statistics Approval Code: 3-9902-2878-1-0000
Sponsored by CFA Institute

• Passing score is required on exam 2 to receive credit. See also Economics and Corporate Finance.

Institute of Actuaries of Japan (IAJ)
Full VEE Applied Statistics Approval Code: 3-9914-2681-1-0000
Fellow of the Institute of Actuaries of Japan designation.

• Candidates holding the Fellowship designation with the IAJ may use it for VEE-Applied Statistics credit. See also Economics credit.

NEAS Regression Analysis and Time Series online courses
Regression Approval Code: 3-9905-0778-2-2011
Time Series Approval Code: 3-9905-0779-2-2011
Sponsored by New England Actuarial Seminars (NEAS)

• Grade of B- or better is required to receive credit. Approved for 2005-2011.
  
  
  

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