Exemptions From Examinations
A student may choose to complete an accredited actuarial science degree at an undergraduate or at a postgraduate level through a number of recognised universities. Successful students may offer proof of having covered the topics whilst at university and students may be granted exemptions from certain professional examinations from the Institute of Actuaries.
Depending on the University, a different number of courses may be recognised for exemption. The examinations and the exemption pass level for the examinations is usually externalised by members of the Faculty and/or Institute of Actuaries.
Naturally, the quality of the courses and lecturing at these universities are a determinant as to whether the course is recognised by the Faculty of Actuaries.
Most universities offering actuarial science courses also require the student in addition to complete various other related topics, including statistics, mathematics, applied mathematics, economics and accounting for recognition of an actuarial degree.
Upon completion of the university degree, students would then complete all remaining examinations through the Faculty of Actuaries to qualify as an actuary and become a Fellow of the Faculty of Actuaries(FFA).
Universities offering accredited actuarial courses include:
- AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA
- BULAWAYO NATIONAL UNIVERSITY OF SCIENCE AND TECHNOLOGY, ZIMBABWE
- DUBLIN CITY UNIVERSITY, IRELAND
- CASS BUSINESS SCHOOL, ENGLAND
- CITY UNIVERSITY, ENGLAND
- HERIOT-WATT UNIVERSITY (EDINBURGH), SCOTLAND
- IMPERIAL COLLEGE (LONDON) TANAKA BUSINESS SCHOOL, ENGLAND
- LONDON SCHOOL OF ECONOMICS, ENGLAND
- MACQUARIE UNIVERSITY (SYDNEY), AUSTRALIA
- NANYANG TECHNOLOGICAL UNIVERSITY, SINGAPORE
- NORTH WEST UNIVERSITY (POTCHEFSTROOM), SOUTH AFRICA
- QUEENS UNIVERSITY BELFAST, NORTHERN IRELAND
- STELLENBOSCH UNIVERSITY, SOUTH AFRICA
- SWANSEA UNIVERSITY, WALES
- UNIVERSITY OF CAPE TOWN, SOUTH AFRICA
- UNIVERSITY COLLEGE CORK, IRELAND
- UNIVERSITY COLLEGE DUBLIN, IRELAND
- UNIVERSITY OF KENT AT CANTERBURY, ENGLAND
- UNIVERSITY OF KWAZULU-NATAL, SOUTH AFRICA
- UNIVERSITY OF LEICESTER, ENGLAND
- UNIVERSITY OF MELBOURNE, AUSTRALIA
- UNIVERSITY OF NEW SOUTH WALES (SYDNEY), AUSTRALIA
- UNIVERSITY OF PRETORIA, SOUTH AFRICA
- UNIVERSITY OF SOUTHAMPTON, ENGLAND
- UNIVERSITY OF THE FREE STATE (BLOEMFONTEIN), SOUTH AFRICA
- UNIVERSITY OF THE WITWATERSRAND (JOHANNESBURG), SOUTH AFRICA
Other qualifications recognised by the Faculty of Actuaries for exemption from certain examinations included:
- ACCA Qualification
- Chartered Financial Analyst (formerly membership of the Association for Investment Management and Research)
- Fellowship of the Chartered Insurance Institute
- Fellowship of the Chartered Institute of Management Accountants
- Fellowship of the Institute of Chartered Accountants in England and Wales
- Fellowship of the Institute of Chartered Accountants in Scotland
- MBA
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