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need help regarding actuary with CA

Rajiv (Finance) (200 Points)

05 October 2010

I want to begin taking up a side course along with CA (currently in last year of articleship) and after going through few options and having interest in financial areas as specialization (as also 2 years of working experience in finance), I need some suggestions and guidance over selection of other course with CA.

Is Actuary (upto CA and CT stage) worth going as other course??

Thanks :)

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6 Replies

Rajveer (student) (229 Points)
Replied 05 October 2010

Rajiv,

see, for Actuarial Science from Institute of Actuaries of India , you need to be a fully qualified CA or you should have a atlest 85+ marks in your 12th standard.

and apart from that, pass percentage of Actuaries exam in india is verry less in comparison to other countries, you can imagine from it ki today india have only 225 fully qualified actuaries.

this course needs a single minded devotion, and its verry difficult to carry it with a job, with job it can take 7 to 8 years to clear exams because as you know there are total 15 exams in this course..

I think, think its better to you to go for a PHD programmes, today ICAi have a MOU with most of the indian universities , who recognises CA as a masters programme for admission as a PDh student in their universities.

and morever, after 1 year of job you can also finance your CFA,usa programme, CFA from USA is a has a more worldwide recognition than Acturial Science.

I m telling this to you, because my many friends who are older than me by 2 or 3 years .... has start ups acturial science when they was in the age of 18, and till date their 1 or 2 CT seies exams are epnding...because in acturial sceince single minded devotion is require...and moreever you can go for CIMA examiations and for CS or CWA course..

SACHIN..

6 Like

Rajiv (Finance) (200 Points)
Replied 05 October 2010

Actuary is difficult to accomplish but my aim were to clear upto CT series. CFA is a good option but again it is lengthy process, I need a particular course which is more interesting and practical in financial aspects

Time is not a restraint and also I can manage one course after having reached the final stage.

CA Vaishal Dalal (CA) (189 Points)
Replied 14 October 2010

hey buddy ...

I am in CA Final Nov 10 attempt due...

I have cleared 2 papers of CT series... and let me tell you... If you are interested, go for it...

If I clear CA Final this time...surely I'll be benefitted in Campus Placement due to 2 Papers of Actuary being added in my CV....

A-G-V (Student) (571 Points)
Replied 06 April 2011

Hi ppl... I have some doubts reg actuarial course... I need to know whether any exemption is available in actuarial course once we complete CA. Is exemption is available atleast at CT series? Thanks in advance

A-G-V (Student) (571 Points)
Replied 06 April 2011

Also i heard from my frenzz that even in actuarial course we need to undergo apprentice ship training similar to articles ship training. Is it so? If yes, any exemption criteria in training is available?

Utkarsh (Mumbai ) (21 Points)
Replied 25 July 2016

I am currently studying in 12th standard.. And I am going to attempt for CPT in June 17.. I was planning to do Actuarial as the second degree course.. so is it possible to attempt some papers after 12th but before CPT.. And to be frank I have not started preparing for any of the acturial papers