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Society of Actuaries Hickman Scholar Program

  • Website Address
  • http://www.soa.org/education/resources/academic-in...
  • Contact
  • Academic Administrator
  • Address
  • 475 N. Martingale Road
  • Suite 600
  • Email Address
  • ttatsumi@soa.org
  • Application Deadline
  • February 15, 2016
  • Number Of Awards
  • See Description
  • Maximum Amount
  • $20,000
  • Scholarship Description
  • The Society of Actuaries James C. Hickman Scholar program was established to increase the number of academic actuaries who hold a PhD and an actuarial designation, and who intend to pursue academic careers in the United States or Canada. The program is designed to provide stipends to doctoral students who will, through their studies, address research and education needs of the profession, including both the theoretical and practical aspects.

    -Enrolled fulltime, have recently been admitted or are currently applying to a qualifying doctoral program (e.g. bustiness, demography, economics, financial economics, insurance, mathematics, risk management, statistics) in the United States or Canada.
    -Applicants may apply at the same time they are applying for a doctoral program; if selected these applicants will be awarded the stipend conditional upon enrollment in a qualifying doctoral program.
    -Hold a Fellowship–level actuarial credential or are pursuing Associateship or Fellowship membership of an accrediting actuarial organization (i.e. CAS, CIA, FA, IA, IAA, SOA).
    -Applicants who are already Associate members (including those awarded the CERA designation) will be expected to pursue a Fellowship credential.
    -All applicants must have at least two actuarial exams passed.
    Application Process
    -Applicants currently applying to doctoral programs must provide the names of the schools/programs to which they have applied, and the intended field of study in each school/program.
    -Applicants already enrolled in a doctoral program will indicate how many years they have been studying, and approximately how many more years they believe they need to complete their doctorate. They will also provide a statement from their supervisor or program director attesting to progress in their doctoral program.
    -Applicant must submit a Statement of Interest. This may be the same statement submitted for the doctoral program, but additional language should be added for this application to clearly explain their goals regarding teaching, research and contributions to the actuarial profession.

    Each stipend is generally $20,000 per academic year, renewable up to four times as set forth below. The stipend may be used at the discretion of the doctoral student for expenses that will aid in the completion of the PhD and the actuarial credential if not yet attained. Stipend funds are provided for qualified expenses (tuition, books, fees, etc.). Qualified expenses do not include room and board. Stipend funds not used for qualified expenses are taxable. Please consult your tax advisor if you have any questions. Stipends are awarded at the sole discretion of the SOA and all decisions are final. Failure to meet eligibility requirements on a continuing basis may subject recipients to loss of stipend.

    Stipends are renewable up to four times, subject to successful progress on both the doctorate and actuarial credential, continuing satisfaction of any other SOA Hickman Scholar criteria set forth by the SOA, and the availability of adequate funding. The recipient can request suspension of the stipend for personal reasons (e.g. leave of absence from doctoral studies for childbirth). The renewal period for an applicant already in a doctoral program is determined on a case–by–case basis. Continued participation in the SOA Hickman Scholar program is not guaranteed.

    Renewal Process:
    For non–Fellows, successful progress on actuarial exams must be shown (e.g. scores of 4 or better on exams and completion of modules). Non–Fellows must also provide a statement as to how continued progress in pursuit of fellowship will be made. A statement from applicant's Supervisor or Program Director must be provided attesting to progress in his/her doctoral studies.

    Stipend recipients will be announced April 15, 2016. Recipients must notify the SOA of acceptance of the stipend by May
    16, 2016. For more information, and to apply visit the Society of Actuaries website.

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