How to become an Actuary

A fellow member of the Institute of Actuaries of India (IAI) can sign up as an actuary. One begins by joining IAI as a student member and is required to clear 15 subjects in an exam conducted by the institute. A person can be considered for admission as student member if s/he fulfills certain conditions, some of which include:

a) Passing 10 + 2 or equivalent with at least 85 per cent marks in mathematics/ statistics and is recommended by two fellow members of the society. The medium of instruction at the plus-two level should have been English
b) A graduate or postgraduate with subjects like mathematics, statistics, economics, computer science, engineering, MBA (finance)
c) Should be a fully qualified member of professional bodies such as the Institute of Chartered Accountants of India, The Institute of Cost and Works Accountants of India and Certified Institute of Financial Analysts of India, etc.


Skills Required to become an Actuary
 

• In-depth knowledge of statistics and commerce
• A good head for mathematics
• Natural problem-solving