07-28-2005, 06:26 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zaid</i>
<br />just tell me the difference between the complete actuarial science program and the one that is done by the university
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
To qualify as an actuary by most organisations, such as Institute and Society, you need to pass all their exams plus fulfill work experience requirements. The Institute, at the moment, has 3 years of work experience requirement. On average they say it takes 5-8 years to pass all those exams and able to get the relevant experience.
Some people also do bachelors or masters in actuarial sciences which enable them to gain some exemptions out of those exams set by the actuarial bodies (IOA/SOA).
So, to call yourself an actuary you need to pass all exams by the bodies and gain relevant work experience. If you manage to get exemptions through your BSc or MSc then you will qualify sooner.
Hope it clarify the confusion.
DT
<br />just tell me the difference between the complete actuarial science program and the one that is done by the university
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
To qualify as an actuary by most organisations, such as Institute and Society, you need to pass all their exams plus fulfill work experience requirements. The Institute, at the moment, has 3 years of work experience requirement. On average they say it takes 5-8 years to pass all those exams and able to get the relevant experience.
Some people also do bachelors or masters in actuarial sciences which enable them to gain some exemptions out of those exams set by the actuarial bodies (IOA/SOA).
So, to call yourself an actuary you need to pass all exams by the bodies and gain relevant work experience. If you manage to get exemptions through your BSc or MSc then you will qualify sooner.
Hope it clarify the confusion.
DT