SOA/CIA certifications are formal accreditations that prove proficiency in specific areas of services-based technology, computing and architecture. To obtain a certification, candidates are required to pass one or more exams. Some fundamental exams provide credit toward multiple certifications tracks.
People who choose to become actuaries share some common interests. But the way they prepare for the work varies widely.
Many students pursue actuarial science during their university/college studies. However, majoring in actuarial science is not mandatory to be an actuary. No specialized degree is required to advance in the profession. Good fields of study for actuaries include math, statistics, finance, economics and business.
Ultimately, what matters is passing the actuarial exams and other components required to enter the profession. So, anyone considering an actuarial career should choose an education that will help prepare them to earn the credentials required to work as an actuary.
ASA – An Associate of the Society of Actuaries has demonstrated knowledge of the fundamental concepts and techniques for modeling and managing risk.
CERA – A Chartered Enterprise Risk Analyst (CERA) of the Society of Actuaries has demonstrated knowledge in the identification, measurement and management of risk within risk–bearing enterprises.
FSA – Has demonstrated a knowledge of the business environments within which financial decisions concerning pensions, life insurance, health insurance, and investments are made including the application of mathematical concepts and other techniques to the various areas of actuarial practice.
The Application for Admission as Associate is separate from the candidate’s exam registration and will be issued to candidates via email after the Associateship Professionalism Course (APC). All candidates attending the APC will be required to fill out the Application for Admission as Associate. Canadian candidates for Associateship in the SOA attending the CIA’s Professionalism Course will also be required to fill out the Application for Admission as Associate. Any questions regarding the application should be directed to the Membership Services Administrator at email@example.com.
You should arrive at least 30 minutes before your scheduled exam appointment. This allows time for you to sign in and for staff to verify your identification.
You must present a valid form of identification before you can test. The identification document must:
- Be government-issued (e.g., driver’s license, state-issued identification card, military identification card or passport).
- Contain both a current photo (or a physical description) and your signature.
- Have a name that exactly matches the name used to register for the exam (including designations such as “Jr.” and “III”).
Important Failure to provide appropriate identification at the time of the exam is considered a missed appointment.
You will not be allowed to take any personal items with you into the testing room. This includes all bags, books or other materials not authorized for this exam, notes, phones, pagers, watches and wallets. You will, however, be provided a locker where you can keep your personal items. It is important that all electronic items, such as cellphones should be turned OFF.