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
|
|
| 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 http://www.theirm.org/Qualifications/overview.htm | 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
Member Services Team
memberservices@actuaries.org.uk
Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD
We aim to respond to all enquiries within two working days.
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