Actuarial Exemptions or a Reputed College – What Should You Prioritise?
This is a genuine dilemma many actuarial aspirants face today.
You’ve been offered a seat at a lesser-known college that provides exemptions (accreditation) from a few actuarial exams. Tempting, right?
But then there’s another option — a top-ranked college, known for its academic rigour, expert faculty, brilliant peer group, and solid career opportunities — though it doesn't offer direct exemptions.
My honest take? Go with the college.
Exemptions might save you time by covering a few exams early. But a reputed college gives you something much more long-lasting:
- A credible brand name that adds weight to your profile for life
- Mentorship from faculty who go beyond just teaching
- A strong peer network that can shape your professional growth
- Career exposure to industries like consulting, analytics, and finance
- The flexibility to pivot if you ever decide actuarial isn’t your path
Here’s the risk of chasing exemptions blindly:
If the teaching isn’t strong, if placements are weak, or if you later realise the actuarial path isn't for you... you might find yourself cornered with limited options.
A well-rounded education from a reputed institution opens doors far beyond just actuarial science. It equips you with critical thinking, industry insights, and a professional foundation that stands strong in any field — be it actuarial, finance, analytics, or something else entirely.
Exemptions should be the cherry on the cake. Not the cake itself.
Still unsure? Ask yourself this:
“Will this college and course still help me succeed even if I decide not to become an actuary?”
The answer to that question will tell you everything you need to know.