Standardized Examinations and Other Educational Experiences List

Revised October 20, 2009

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

VEE–ECONOMICS

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. Original College Board transcript required to verify score.

• 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.

Certified Managerial Accountant (CMA) Exam
Full VEE Economics Approval Code: 1-9916-3407-1-0000
Sponsored by Institute of Management Accountants, Inc.

• Passing score required on Part 1.

• 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.

China Association of Actuaries (CAA) Exams
Full VEE Economics Approval Code: 1-9919-4005-1-2013
Economics CAA Exam 9

• Score of 6 or better required to receive credit. Approved for 2000-2013.

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. Original College Board transcript is required. Score report does not meet documentation requirement.

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
4. University of Cambridge International Examinations (CIE)

• 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.

Hong Kong Certificate of Education Examination (HKCEE)
Full VEE Economics Approval Code: 1–9917–3510–1–0000
Sponsored by Hong Kong Examinations and Assessment Authority

• Grade of B or better in the subject of Economics 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.

Institute of Chartered Accountants of Pakistan (ICAP)
Full VEE Economics Approval Code: 1-9920-4090-1-2013
Introduction to Economics and Finance. ICAP.org.pk

• Original ICAP transcript required to verify passing grade earned for Introduction to Economics and Finance Exam.

International Baccalaureate (IB) Higher Level (HL) Exams
Microeconomics Approval Code: 1–9908–1285–2-0000
Macroeconomics Approval Code: 1–9908–1286–2–0000
Full VEE Economics Approval Code: 1–9908–3867–1–0000

• 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
VEE Corporate Finance Approval Code: 2–9907–1246–1–2010

• The AICPCU Business and Financial Analysis for Risk Management and Insurance Professionals exam (CPCU 540) is approved for 2003–2010. 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 2003–2009.

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.

China Association of Actuaries (CAA) Exams
VEE Corporate Finance Approval Code: 2-9919-4006-2-2013
Economics Exam 9 (2000-2013) along with Corporate Finance of Insurance Company Exam 11 (2003–2013)–E-CAA.org.cn

• Score of 6 or better required on each exam to receive credit.

Global Association of Risk Professions (GARP) FRM Exam
VEE Corporate Finance Approval Code: 2–9918–3816–1–2009
Sponsored by GARP http://www.garp.com

• Passing score is required to receive credit. Approved for 1997–2009.

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.

Global Association of Risk Professions (GARP) FRM Exam
Regression Approval Code: 3–9918–3815–1–2009
Sponsored by GARP http://www.garp.com

• Passing score is required to receive credit (regression topics only). For full VEE–Applied Statistics credit, it would need to be combined with another approved course covering time series topics. Approved for 1997–2009.

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.