WHAT DOES IT TAKE TO BE AN ACTUARY?

Student members have to be graduates in a major subject in mathematical sciences, such as mathematics, statistics, econometrics, engineering or actuarial sciences. In addition to Registration fee of Rs. 1,000, one has to pay examination fee for every paper they appear for and there are additional charges for study material. Exams are conducted twice a year, in May-June and October-November.

Internationally recognised fellowships are granted on passing examinations at various stages. At one time, fellowships took up to eight years, but now they can be completed in five to six years.

One huge plus point of actuarial studies is that it can be pursued alongside a full-time job. So, while an MBA from a top business school will call for two years of intensive studying, an ASI fellowship can be completed over six years of a working life. While one does not need to be an actuarial employee to appear for the exams, work experience is considered an advantage for a couple of subjects.

Source: www.moneyoutlook.com

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