What is ACET?
10/03/2021 2021-11-01 11:18What is ACET?
Actuarial
What is ACET ?
ACET (Actuarial Common Entrance Test)
What is “Actuarial Common Entrance Test” (ACET)
• “Actuarial Common Entrance Test” is applicable for those candidates who plan to enroll as student member of the Institute of Actuaries of India and wish to take actuarial examinations from IAI.
• ACET held twice a year i.e in June and December. One has to passed the ACET Exam to become the member of IAI.
• Only Actuaries of India conducted ACET Examination • ACET Examination valid upto 3 years only from the date of examination You can remove the current important wala point there and display the following bits.
About ACET
- Time: 3 Hours
- Marks: 100 Marks
- Questions: 70 MCQs
- Mode: Online Exam
- Held In: June/December
- ACET will be conducted in a single day with one slot
- 45 Questions (1 Marks)
- 20 Questions (2 Marks)
- 5 Questions (3 Marks)
- Full Syllabus PDF: Download Now
PASS:
- Take Membership from IAI
- Membership Fee
FAIL:
- Reappear
- Choose IFOA
• Any candidate studying for 10+2 or an equivalent examination.
• Student must have Math & English in their main subjects
• Candidates pursuing their graduation or higher studies like engineering or professional courses, chartered or cost accountants, company secretaries, management graduates, degree holders in mathematical and statistical sciences etc. are also eligible to appear for the exam.
The Allocation of Marks will be as under:
- Mathematics – 30 marks
- Statistics – 30 marks
- Data Interpretation – 15 marks
- English – 15 marks
- Logical Reasoning – 10 marks
Certification Through (IFOA) (UK Flag)
From IOFA
(85% in 10 + 2 Maths)
For Students who don’t want to become member and want to appear for exam for them there is no eligibility.
Take Membership from IFOA
Membership fees ( )
Preferably in October
Start preparing for Stage-1 Exam
CS-1 CM-1
CS-2 CM -2
CB-1 CB-2 CB-3
Month: April & September
Exam Fee: (£165)
Start preparing Stage-1 Exam CS1/CM-1
Month: (April & September)
Exam Fee: £180
Associateship:
- All Core Principles (Stage-1) : 7 exams
- All Core Practices (Stage-2) : 3 exams
- Minimum of 1 year PPD
For Fellowship:
- 2 Specialist Principles
- 1 Specialist Advanced
- Minimum of 2 years PPD
How to become an Actuary ?
Stage-1 : Core Principles
Actuarial Statistics
- Statistics (CS1)
- Risk Modelling and Survival Analysis (CS2)
Actuarial Mathematics
- Actuarial Mathematics (CM1)
- Financial Engineering and Loss Reserving (CM2)
Business
- Business Finance (CB1)
- Business Economics (CB2)
- Business Management (CB3)
CS1 & CS2 :
- 3 hours 15 minutes paper-based assessment: Taken in an examination centre
- 1 hour 45 minutes problem-based assessment: Computer-based using ‘R’ (taken at home or in your office)
CM1 & CM2 :
- 3 hours 15 minutes paper-based assessment: Taken in an examination centre
- 1 hour 45 minutes problem-based assessment
CB1& CB2 :
- 3 hours 15 minutes paper-based assessment: Taken in an examination centre
CB3 :
- Online Test: Taken at home or in the office
