My first article in the Indian Actuary magazine!!
Saturday, May 24, 2014
Tuesday, May 20, 2014
Certified Actuarial Analyst
The Actuarial profession has launched a new qualification called the Certified Actuarial Analyst. I was luckily one of the first ones to know about this while it was still not launched as I helped the Institute prepare questions for two of its modules. I find this course very exciting, not only because it is a new actuarial qualification, but because I can easily relate to a large number of actuarial candidates back in India who have been struggling to complete the actuarial qualification.
There is a whole lot of actuarial candidates in India who have the technical and professional skills to work in actuarial roles, but they have, for one reason or the other, not been so successful with their FIA exams. This qualification provides them with a ray of hope in the sense of getting a recognition world-wide that they are the not just part-qualified actuaries, but Certified Actuarial Analysts! Nobody likes being half-qualified for a long period of time. Specially when there are constraints on the study time one can get in an Indian work-life setup.
As the Institute and Faculty of Actuaries define it on their website 'The Certified Actuarial Analyst is a new qualification and membership category from the Institute and Faculty of Actuaries (IFoA), providing an internationally recognised professional qualification, proven technical and professional skills and a gateway to a career in financial services.'
This very aptly summarises this course. It consists of a set of 5 + 1 modules. The first 5 modules are tested through online multiple choice questions, whereas the 6th module called OPAT - Online Professional Awareness Test is already a course mandatory for students who have joined the Institute after 1st March 2014. Further details about the course can be found at http://www.actuaries.org.uk/becoming-actuary/pages/exam-preparation.
I think this course is very timely and will help plug in a huge gap between supply and demand, so we should all welcome this with open arms! I will keep this page updated with the latest...so watch this space!
There is a whole lot of actuarial candidates in India who have the technical and professional skills to work in actuarial roles, but they have, for one reason or the other, not been so successful with their FIA exams. This qualification provides them with a ray of hope in the sense of getting a recognition world-wide that they are the not just part-qualified actuaries, but Certified Actuarial Analysts! Nobody likes being half-qualified for a long period of time. Specially when there are constraints on the study time one can get in an Indian work-life setup.
As the Institute and Faculty of Actuaries define it on their website 'The Certified Actuarial Analyst is a new qualification and membership category from the Institute and Faculty of Actuaries (IFoA), providing an internationally recognised professional qualification, proven technical and professional skills and a gateway to a career in financial services.'
This very aptly summarises this course. It consists of a set of 5 + 1 modules. The first 5 modules are tested through online multiple choice questions, whereas the 6th module called OPAT - Online Professional Awareness Test is already a course mandatory for students who have joined the Institute after 1st March 2014. Further details about the course can be found at http://www.actuaries.org.uk/becoming-actuary/pages/exam-preparation.
I think this course is very timely and will help plug in a huge gap between supply and demand, so we should all welcome this with open arms! I will keep this page updated with the latest...so watch this space!
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