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monkey2003
January 21st 2007, 11:35 PM
What is after the prelim exams and after credit for VEE??? i understand that there is the FAP modules.. how hard is that? and after the FAP modules what else is there to do inorder to get FSA status??

wat
January 22nd 2007, 03:40 AM
What is after the prelim exams and after credit for VEE??? i understand that there is the FAP modules.. how hard is that? and after the FAP modules what else is there to do inorder to get FSA status??

It depends on which actuarial society you would like to be a member of.

If you want to be a member of the SOA, the requirements are:

Associateship (ASA)
-Preliminary Exams
-VEE credit (3 subjects)
-FAP Modules 1-8
-FAP Exam 1 (taken after completion of modules 1-5)
-FAP Final Assessment (taken after completion of modules 6-8)
-Associateship Professionalism Course (1/2 day seminar on ethics for actuaries - not difficult)

Fellowship (FSA) - must choose track, one of {Individual Life & Annuities, Retirement Benefits, Enterprise Risk Management, Group/Health/Managed Care, Investments}
-All ASA requirements
-FSA Modules (2 of them)
-Exam CSP - Company/Sponsor Perspective
-Exam DP - Design & Pricing
-Strategic Business Module (a project related to your track)
-Fellowship Admissions Course (taken after everything else, 2 day seminar on ethics and presentations)


If you want to be a member of the CAS, the requirements (to the best of my knowledge are:

Associateship (ACAS)
-Preliminary Exams (passing SOA Exam M gives you credit for CAS Part 3)
-VEE credit
-Exam 5, 6 & 7
-Professionalism Course (similar to APC for SOA, I think)

Fellowship (FCAS)
-All ACAS requirements
-Exams 8 & 9
-(another seminar?)