What we have to do for acturial ????
Hello there,
Numbers are actuaries’ best friends. They analyze different types of data to calculate and manage
risk. They, thus, help companies form efficient policies by protecting themselves from uncertain and
undesirable future events. Actuaries are required in any field where risk is involved, including
banking, insurance, healthcare, and even non-financial areas.
Here are the steps to become an Actuary :
1. Take up Commerce with Maths or PCM after class 10th.
2. Pursue your graduation in Maths, Statistics, B.Com or Actuarial Science : There is no specific
eligibility requirement for graduation, but B.Sc Mathematics and B.Sc Statistics are recommended
courses. They will allow you to form a strong base in mathematics, probability concepts, analytical
and problem-solving skills, and statistics, which all form the foundations of Actuarial Science.
3. Take the Actuarial Common Entrance Test (ACET) : You can appear for the entrance just after your
class 12th or even if you are a graduate/postgraduate. ACET is a 100 marks test and is conducted
online. The test, lasting 3 hours, is divided into 2 sections:
Section 1 includes Mathematics, Statistics and Data Interpretation.
Section 2 includes English and Logical Reasoning.
4. Clear Actuarial Science Stages (15 in total): There are a total of 15 papers divided into 4 stages:
- Stage 1: Core Technical (CT)
- Stage 2: Core Application (CA)
- Stage 3: Specialist Technical (ST)
- Stage 4: Specialist Application (SA)
You get to choose your subjects/papers from these 4 stages. You are required to clear all the papers
(9 in total) from Core Technical, all 3 papers from Core Application, any 2 (out of 8)
from Specialist Technical (ST) and any 1 (out of 6) from Specialist Application.
Hope this helps.
