actuarial sciences

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actuarial sciences

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#85

08-29-2005, 02:48 AM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by zaid
 See i am intrested in faster way because 1 year ago a guy came in my school "Karachi grammar school", he was giving presntation about actuarial scineces, that guy told us that a boy became a complete actuary in 3 years. at that time i wasnt intrested in actuarial sciences thats why i didnt remember the name of that guy. but does this thing make sense?

zaid
<hr height="1" noshade id="quote"></blockquote id="quote">

The minimum it takes to become an actuary is 3 years. You can't become an actuary (IOA or SOA (I think)) until unless you have 3 years of work experience and it will only be achieved if you have worked '3' years.

Secondly, you can't be called if you do a BSc/MSc/PhD in Actuarial Science - you need to pass exams set by IOA or SOA. I think the confusion arises when you interpret 'exemptions' wrongly. The 'only' way you can qualify quicker by doing academic degrees is if you get good scores in your academic degree modules AND your degree is affiliated with IOA or SOA. At present, there are no arrangements between any university and IOA/SOA that exempt you to do any 'professional' papers set by those bodies.

I know the person who might be referred in that presentation but for obsious reasons I can't disclose his identity on this forum.

So, at the end of the day you will have to do exams (in most cases yourself) to qualify as an actuary - there are no short cuts!! Otherwise, there wouldn't have been a premium for qualified people.

DT

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actuarial sciences - by faisalz - 07-31-2003, 04:10 PM

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