Professional Exams are a large component in the process of becoming an Actuary. Successful completion of these exams contributes to professional advancement and signals expertise.
By completing professional exams, students will be preparing first for either an ASA (Associate of the Society of Actuaries) or ACAS (Associate of the Casualty Actuary Society) designation. Designations beyond the Associate point include FSA (Fellow of the Society of Actuaries), FCAS (Fellow of the Casualty Actuary Society), and many others which are country specific. Fellowship is the designation with which one is officially considered an Actuary. However, you do not need a fellowship to begin practicing Actuarial work. Most new hire positions require only one or two exams to signify a commitment to the fellowship track.
To obtain each designation, professionals must complete examinations, an e-Learning course, validation of educational experiences outside the SOA Education system (VEE), and a professionalism seminar. Consult www.soa.org for more information
Professional Associations for Actuaries and other Useful Websites
Society of Actuaries (SOA): https://www.soa.org/canada/
Casualty Actuarial Society (CAS): http://www.casact.org/
Canadian Institute of Actuaries (CIA): http://www.cia-ica.ca/home
Actuarial Students’ National Association (ASNA): https://www.anea-asna.ca/
Be an Actuary: http://www.beanactuary.org/