Table of Contents
Is IFOA easier than IAI?
Regarding Passing percentage, it’s a common trend that the CT level papers of IAI are tough as compared to that of IFOA. And the CA, ST & SA level papers of IFOA are tough as compared to IAI.
Is IFOA better than IAI?
Both IAI & IFOA has the same syllabus. In fact, IAI distributes the same study material issued by the IFOA. So anyone preparing for IAI exams can appear for IFOA and vice-a-versa. So, if you wish, you can sit for both the exams, it would simply enhance your chances of clearing it.
How do you become an Actuarial Society?
To become an Associate, Student must have:
- 7 Core principle exams cleared.
- 3 Core principle exams cleared.
- Minimum 1-year work experience in Actuarial Industry.
What is the median salary for an actuary?
97,070 USD (2015)
Actuary/Median pay (annual)
How do I become an actuary from IFOA?
If you want to become an Actuary from IFoA (The Institute & Faculty of Actuaries, Uk) there is no entrance, one could start writing their exams directly. How does one decide from which Institute to pursue Actuarial studies?
How do I become an actuary in India?
As mentioned earlier, if you start from Indian Institute (IAI), you need to give an entrance test (ACET), which is not necessary with IFoA (UK). The Institute of Actuaries of India (IAI) regulates the education & training of actuaries in India same way like ICAI for CA, India.
How many papers are required to become an actuary?
To help you understand better – If one wants to qualify as an Actuary from Institute of Actuaries of India (IAI), one has to clear 15 papers. IAI has ACET as an entrance, I like the thinking behind it. It helps one to identify if one is cut out to become an actuary or not.
Is IAI and IFOA (UK) the same?
However, many students from India pursue their Actuarial Studies from both – IAI and Institute & Faculty of Actuaries, Uk (IFoA). IAI adopts the same study material as IFoA (UK), except for practical papers. So, they both are the same.