Actuarial Science coaching classes in kalyan
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Who is an Actuary?
- Actuaries are problem solvers and strategic thinkers who use their skills to help measure the probability and risk of future events
- Business and industry increasingly depend on the skills of actuaries and analysts to help them to model and plan for the future.
- Every area of business is subject to risk, which is why you’ll find actuaries working within the public and private sector, in a number of fields in finance, government departments, health care and much more.
Why Choose Actuarial as a Profession
Supported by Employers & IFOA | Globally recognized Qualification | Important & Challenging work | High Quality Training | Profession for life | Competitive Salary
Some Facts about IFoA
The IFoA qualification is globally recognized as equipping its members with the numerical and business skills needed to work anywhere in the world
INDIA is the 2nd Largest IFoA Student Base after UK
Who needs an Actuary?
- Banking & Finance
- Insurance Industry
- Health & Care
- Life Insurance
- Pensions
- Sustainability & Environment
- Risk Management
Exams Roadmap under IFoA (Step 1)
Clear below exams to kick start your Career in Actuaries
CS1: Actuarial Statistics 1
CS2: Actuarial Statistics 2
CM1: Actuarial Mathematics 1
CM2: Actuarial Mathematics 2
CB1: Business Finance
CB2: Business Economics
CB3: Business Management*
*Before giving CB3 exams, one needs to clear professional skills stage 1 program
Exams Roadmap under IFoA (Step 2)
Clear these core exams to broaden your overall knowledge and becoming an ASSOCIATE
CP1: Actuarial Practice
CP2: Modelling Practice
CP3: Communication Practice
*Post clearing above exams and 2 years of personal & professional development & stage 1 & 2 of professional skills, you are an ASSOCIATE
Exams Roadmap under IFoA (Step 3)
Choose any 2 specialized principle subjects to determine your career path
- SP 1: Health and Care
- SP2: Life Insurance
- SP3: Pension & Other Benefits
- SP4: Investment & Finance
- SP5: Financial Derivatives
- SP6: General Insurance Reserving & Capital Modelling
- SP7: General Insurance Pricing
- SP8: Enterprise Risk Management
*Post clearing above exams and 2 years of personal & professional development & stage 1 & 2 of professional skills, you are an ASSOCIATE
Exams Roadmap under IFoA (Step 4)
Choose any 1 specialist Advance subject to reach the FELLOWSHIP
- SA 1: Health and Care
- SA2: Life Insurance
- SA3: General Insurance
- SA4: Pension & Other Benefits
- SA7: Investment & Finance Advanced
*Upon completion of 3 years of PPD, one further year after 2 years at associate level, you are now a FELLOW
Fees Structure for IFoA Exams
Fees in Indian Rupee
Remuneration (Source: Payscale.com)
After clearing 3-5 papers, one can start looking up for internships, which will help them to gain knowledge for upcoming papers. Also the employers of Actuaries in India sponsor for the upcoming papers of their employees.