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ST0 - Alternative Specialist Technical

You may be eligible for an exemption from ST0 (Alternative Specialist Technical subject) as a result of previous study

This could include qualification with another professional body or study for an MBA.

Postgraduate study and eligibility for exemption 

You will be eligible for exemption if:

  • you have written a postgraduate dissertation or thesis on an actuarial or financial subject.  An undergraduate dissertation cannot be considered;
  • you have written a non actuarial MSc, postgraduate diploma, MPhil or PhD in an economics, finance or finance related discipline;
  • you hold an MBA from a university that appears on the current FT Global MBA ranking.

If you hold a Masters degree or a postgraduate diploma in actuarial science or actuarial management, the qualification should give exemption from other subjects and will not therefore be eligible for exemption from ST0.

Members of other professional bodies may also be eligible to apply for an exemption from ST0

Qualification Subjects for which exemption is offered by the Institute and Faculty of Actuaries
A dissertation written as part of a postgraduate degree course, or certain postgraduate qualifications (see below for more information) ST0
An MBA from an institution listed in the FT Global MBA ranking at the time the MBA was awarded ST0
ACCA Qualification CT2 and ST0
The Chartered Alternative Investment Analyst designation (CAIA) ST0
Associateship of the Institute of Chartered Accountants in England and Wales, or of the Institute of Chartered Accountants in Scotland CT2 and ST0

Chartered Financial Analyst

  • Level I
  • Level I and II
  • Level I, II and III
  • CFA Charter Holder/Fellow


  • CT7 and CT2
  • CT3 and CT1
  • CT8
  • ST0
Fellowship of the Chartered Insurance Institute (FCII) ST0
Chartered Institute of Management Accountants award ST0
GARP Certified Financial Risk Manager ST0
International Diploma in Risk Management, from the Institute of Risk Management. Details of the diploma can be found at ST0
Associateship of the Pensions Management Institute, or of the Irish Institute of Pension Managers ST0


If you have a qualification from a professional body that we do not have an exemption agreement with, you can still apply for an exemption from ST0

You will need to provide the following:

  • documentary evidence of the qualification and the grades attained;
  • details of the syllabus for the qualification;
  • copies of the examination papers.

All documents must be certified copies signed by your employer, who must be an actuary.

All applications for an exemption from ST0 are reviewed individually

The possession of one of the above qualifications does not automatically mean that applicants will be eligible for the exemption.




Contact Details

Education Services Team

Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD

+44 01865 268207

We aim to respond to all enquiries within two working days.