I graduated from University two years ago having a gained a degree in BSc Mathematics and Physics and have been working for a well known asset management firm for the past 12 months dealing with the processing and confirmation of financial derivative products. The actuarial profession was something that has always appealed to me as as I have always enjoyed Mathematics and now I feel is the time for me to make the first steps into the profession.
I have a few questions and would be grateful for any advice received!
I have been considering taking a couple of exams to prepare for the next exam period (in April 2009?) after I have applied and been granted membership to either the Faculty of Actuaries or Institute of Actuaries. Are there any significant differences between the two organisations and which one would be the best to apply for? Would undertaking two exams such as CT1 and CT3 in April 2009 be manageable? I have mainly a pure mathematics background from my degree with statistics mainly learnt when I did my A levels. If I applied for graduate trainee roles having already applied for membership, how would this affect my chances of getting in? Would it better to apply for non entry level roles after I pass a few exams? Finally, what costs are involved to to be a member and purchase exam preparation materials for say two exams?