Framework of actuarial qualifications

Actuarial student

The aim the actuarial education strategy is to equip the actuaries of the future with the competencies they will need for their employers and clients. All exam subjects can be taken by well established distance learning methods, but greater use is also now made of university-based education. This provides greater flexibility in structuring courses, and means an increased choice of tuition provision for students both before and after they enter the Profession.

Applicants for Student membership must satisfy the entry standards which are set out in full in the Student Handbook.

More information on student membership


Associate

Once qualified, students become Associate members of the profession and gain the right to describe themselves as an actuary and to use the letters AIA or AFA.

Associateship is recognised internationally as meeting the minimum requirements to be an actuary. As an actuary and an Associate of the profession, members have a breadth of expertise that brings wide and varied opportunities.

Further information on Associateship


Fellow

Members of the profession who wish to continue their studies to an advanced level, or who specialise in a particular actuarial field, may take further specialist exams to qualify as a Fellow. Fellows use the letters FIA or FFA and are highly sought after as experts in their chosen field.

Further information on Fellowship


Honorary Fellow

The Council may recommend for election as an Honorary Fellow a person who, on account either of their position or of their eminence and experience in matters relative to the profession, appears to be able to render assistance in promoting the objects of the profession.

Honorary Fellows may attend Ordinary General Meetings and take part in the discussion of the papers presented; they are, however, not entitled to vote. Honorary Fellows may use the initials Hon FIA.

List of Honorary Fellows


Affiliate

Affiliates have the same rights and privileges as Honorary Fellows except that an annual subscription is payable and they are not entitled to use designatory letters. Individuals who wish to become Affiliates will need to complete an application form which will be put to Council for approval.

Further information on Affiliate membership


Non-members

The Actuarial Profession offers the opportunity for people who have not joined the profession to take itsexams. The subject, Financial Mathematics, is being offered to all candidates worldwide.

Certificate in Financial Mathematics
The Certificate in Financial Mathematics will be awarded to non-members who pass this exam.

Further information


 
Page updated: 9 March 2010
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