Actuarial External Exams (1 Viewer)

[§eraphim]

Hey. I'm considering getting some of my exemptions by sitting the external exams held by the IAA. I was wondering what was the difference between the university exams and the external exams in terms of difficulty, workload, etc? Btw, although the IAA curriculum for Part 1 is the same as that for the IA in the UK, do you think it would be possible to sit for the Part 1 (Core Technical CT) equivalent external exams from the SOA and then seek recognition? I am considering this option as it may be less expensive to due to the exchange rate >< and also because the SOA exams appear a lot easier than the IA CT exams.

Thanks!

 

[-=«MÄLÅÇhïtÊ»=-]

i dont have any personal experience, but most of the people I know who have missed an exemption choose to do it externally because they say its easier. *shrugs*

 

[flyin']

- Universities tend to cover what they want to cover (content), so it's different if you're at Macq, different at UNSW, and different at ANU.
- I'm biased in terms of difficult which means for example, the Macq "102 Financial Mathematics" exemption was ridiculously harder than any of the past papers from the institute, among most other exemption equivalents. UNSW past papers "appear" easier. But I'm biased.
- Workload: No idea.
- Just do the UK equivalents, because it's assumed knowledge for later subjects. You would only seek recognition from other societies for working purposes. And there is no guarentee the SoA papers are any easier - maybe they require higher marks to pass.