Reply To: Help required – IFOA/IAI

[iaqsParticipant]

1. The Pass Percentage varies each year from papers-to-papers. For a clearer picture, below are the links to the past results for each institution.

IAI: http://www.actuariesindia.org/subMenu.aspx?id=51&val=Regular_Exam_Results

IFoA: https://www.actuaries.org.uk/studying/exam-results

2. On the basis of recognition world over, until 2019, taking papers from any of the above institutes worked completely fine because each institution had a cross-exemption facility setup, meaning if I clear CM1 from India, I can pay the exemption charges (i.e. equal to the UK exam fees) to the UK institute and get a pass certificate from UK as well and that also worked vice-versa. 

So, if you wish to practice in India itself, IAI is the institution you can opt for

And, if you wish to go overseas, IFoA is the institution you can opt for.

3. The course sure is challenging and is a refreshing change but as its said, nothing worth comes easy. Also, given your interest in Math and Softwares. This professional course suits well.

In addition to this, I would like to inform that a new Bachelors and Masters Programme has been launched by University Of Mumbai which gives a degree in AQF (Actuarial and Quantitative Finance). and we IAQS (Institute of Actuarial and Quantitative Studies) are the academic collaborators to the Mumbai University.This program has been designed by Industry experts to give impetus to students careers and make one job-ready after this Bachelors/Masters program itself. To know more, reach out to our education counsellors, on 93727 77617/ 93727 77615/ [email protected]/ http://www.iaqs.in .