Actuarial exams are conducted by various societies across the world. There are more than 10 societies conducting actuarial exams across the globe. Some of the various actuarial societies are Society of Actuaries (SOA), Casualty of Actuaries (CAS), Institute and Faculty of Actuaries (IFoA), Institute and Actuaries of India (IAI) and Institute of Actuaries of Australia.
How many actuarial exams are there ?
The number of actuarial exams vary with society to society.The number of exams are different if you are a member of SOA,CAS or a member of IFOA,IAI. The number of actuarial exams in CAS and SOA are the same. In order to become an actuary, a student needs to clear 10-12 actuarial exam.
Actuarial exams of THE institute and faculty of actuaries
The actuarial exams of the IFoA is divided into four sections namely the Ct series, CA series,ST series and SA series.
There are nine subjects, all of which you need to pass or be exempted from. Most of these are traditional exams, but subject CT9 is either a two-day residential practical exam, or an online exam.The other 8 exams include CT-1 ,CT-2,CT-3,CT-4,CT-5,CT-6,CT-7 and CT-8.
There are three subjects you need to pass or be exempted from. Two of these, subjects CA2 and CA3, involve either attendance at a practical exam, or an online exam.
You need to pass or be exempted from two of the nine ST subjects available.These refer to specialization a students opts for.
Actuarial exams of society of actuaries/casualty of actuaries