Graduates who want to train as an actuary must first register as a student member with the Institute and Faculty of Actuaries.
Many students find a trainee actuarial position with an employer that will sponsor their studies. To achieve the qualification, students must pass a series of core exams, complete practical modules and gain work-based skills. Training usually takes 3-6 years.
The Chartered Insurance Institute offers the CII Advanced Diploma in Insurance, which is a professional qualification that is respected within the industry and around the world. Some graduate schemes offer this qualification as part of the training.
Upon completing the qualification and gaining five years' experience, graduates will achieve chartered status. This enables them to hold the following titles: