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Trine student passes actuarial exam on first try

Jacob PeraltaTrine University’s Department of Mathematics and Physics recently celebrated one of its students who passed the first of his actuarial exams on the first attempt.

Jacob Peralta of Fostoria, Michigan, who will graduate this spring with a Bachelor of Science in mathematics and a minor in business administration, passed Exam P, which covers probability.

Marissa Ford, chair of Trine’s Department of Mathematics and Physics, said the pass rate for the exam is only about 41 percent, which includes people making multiple attempts.

“This is a huge accomplishment for him,” she said. “The exams are very difficult.”

After graduation, Peralta plans to become a fellow for either the Society of Actuaries or the Casualty Actuarial Society. Actuaries must take a total of seven or 10 exams, depending on the career path chosen.