Exams Dilemma

[ElActuario]

Hi everyone!

I currently work at my country's social security department. Given my lack of experience on the field, I felt that a master's degree in Actuarial Science will enhance the service I can offer to both my employer, and therefore, my country.

My undergrad degree satisfies the 3 VEE credits. I was accepted to two different universities in the UK. The Institute and Faculty of Actuaries of the UK allows some actuarial professionals to be exempted from the exams in some undergrad and masters degrees.

Two universities that are included in the IFoA list of courses exemptions accepted me.

The first university will exempt me from the following exams (SOA equivalent):
-CT4 (Associate - Exam C)
-ST2 (Fellow - Life Insurance)
-ST4 (Fellow - Pensions)
-CA1 (Associate - FAP)
This means that in order to become an Associate I will have to take the following exams: P, FM, MLC and MFE.

The second university will exempt me from the following exams:
-CT1 (Associate - Exam FM)
-CT3 (Associate - Exam P)
-CT4 (Associate - Exam C)
-CT5 (Associate - Exam MLC)
-CT8 (Associate - Exam MFE)
This means that in order to become an Associate, I will only have to take the FAP, BUT I will not have any Fellow qualifications.

For my job, I do need to have a specialised knowledge in Pensions (University 1), but I also need to be a qualified actuary. So what would you advise me to do?