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  #1  
Old 01-19-2017, 04:49 PM
almost_there almost_there is offline
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Default Comparison of qualification requirements internationally

Hi everyone,
I would like to collect some information on the minimum requirements and costs to become a qualified actuary in your country, following a suitable non-actuarial undergraduate degree such as Mathematics, where no exemptions from exams are provided.

Please state
- your country & actuarial society
- number of exams
- total cost of sitting each exam once
- total cost of exam notes & books
- total cost of tuition required (min 3 days per subject)
- membership fees
- total costs
- typical length of time from uni to fully qualified
- any other requirement to be a qualified actuary in your country (& cost if applicable)

Thanks!

Let me begin:
- UK, Institute and Faculty of Actuaries
- 15 (12 written exams, 3 online exams)
- exam fees 4570
- exam notes 2306 (combined materials pack)
- 3 day tuition for each subject 5326
- student membership 238/year
- 13,868
- 7 years
- other requirements : 3 years work experience all documented

Last edited by almost_there; 01-19-2017 at 05:24 PM..
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  #2  
Old 01-23-2017, 10:51 AM
almost_there almost_there is offline
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Don't be shy, actuaries!
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  #3  
Old 01-23-2017, 11:44 AM
Enough Exams Already Enough Exams Already is offline
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Originally Posted by almost_there View Post
Don't be shy, actuaries!
We weren't being shy. The people to request this information from would be the various actuarial societies that credential actuaries, not from actuaries themselves.
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  #4  
Old 01-24-2017, 01:18 AM
almost_there almost_there is offline
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Originally Posted by Enough Exams Already View Post
We weren't being shy. The people to request this information from would be the various actuarial societies that credential actuaries, not from actuaries themselves.
Well maybe they are also shy to disclose this information... plus a discussion of people's experiences here would be interesting. If you don't want to take part in this conversation then you are not obliged to! Also you should state "I" rather than "we" unless you genuinely speak for everyone who visits this thread. Thanks.

Last edited by almost_there; 01-24-2017 at 05:43 AM..
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  #5  
Old 01-24-2017, 08:49 AM
Enough Exams Already Enough Exams Already is offline
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Originally Posted by almost_there View Post
Well maybe they are also shy to disclose this information... plus a discussion of people's experiences here would be interesting. If you don't want to take part in this conversation then you are not obliged to! Also you should state "I" rather than "we" unless you genuinely speak for everyone who visits this thread. Thanks.
Except you didn't ask about their experiences. You asked about exam, cost and travel time data, all of which is freely and publicly available from the respective actuarial societies, and none of which requires individuals to disclose their experiences.

But apparently you're not really interested in getting answers to the questions you asked.

And I'll phrase what I write as I please.
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You'll want to wash your hands afterward."
--Samantha

"I guess I just have a lower prior-expectation of humanity than you folks. You win for optimism, but I win for accuracy."
--Pseudolus

"I wonder if there's a lower bound on how dumb the internet can get. We gotta be getting close, right?"
--Mother of DragQueens
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  #6  
Old 01-24-2017, 09:21 AM
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Marcie Marcie is offline
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Also you should state "I" rather than "we" unless you genuinely speak for everyone who visits this thread. Thanks.
EEA may speak for me whenever s/he wants, almost.
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  #7  
Old 01-24-2017, 10:00 AM
pragmatist pragmatist is offline
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Quote:
Originally Posted by almost_there View Post
Hi everyone,
I would like to collect some information on the minimum requirements and costs to become a qualified actuary in your country, following a suitable non-actuarial undergraduate degree such as Mathematics, where no exemptions from exams are provided.

Please state
- your country & actuarial society
- number of exams
- total cost of sitting each exam once
- total cost of exam notes & books
- total cost of tuition required (min 3 days per subject)
- membership fees
- total costs
- typical length of time from uni to fully qualified
- any other requirement to be a qualified actuary in your country (& cost if applicable)
The question is pointless, especially in the US and Canada, where the SOA and the CAS just can't stop changing/restructuring the exams.

Cost of exams is also pointless. To the extent that a response is necessary, one can fairly say that each one may cost hundreds of dollars and increase over time.

Cost of exam notes & books is again pointless. It depends on each candidate's background. Some people get their company to disburse hundreds of dollars in study materials (maybe thousands in tuition), whereas in some cases a free online pdf text constitutes sufficient material to pass the exam on a first sitting.

Typical length of time: blah ... I'm getting tired. Some candidates embrace the exam track several years after graduating. At least I did.
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Old 01-24-2017, 11:15 AM
almost_there almost_there is offline
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Originally Posted by pragmatist View Post
The question is pointless
No need to respond then is there? I'm just after some figures to compare. Not that hard!
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  #9  
Old 01-24-2017, 11:24 AM
almost_there almost_there is offline
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Originally Posted by Enough Exams Already View Post
But apparently you're not really interested in getting answers to the questions you asked.

And I'll phrase what I write as I please.
I am really interested, so I wonder what the point of your posts are? You don't speak for everyone on this forum.
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  #10  
Old 01-24-2017, 11:27 AM
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Carol Marler
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Originally Posted by Enough Exams Already View Post
We weren't being shy. The people to request this information from would be the various actuarial societies that credential actuaries, not from actuaries themselves.

EEA, Marcie and me. That may not be all the people on this board, but it's certainly enough to justify saying "we."
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