I have discovered one way to become an FIA that does not involve playing the IFoA exam paper lottery and I am going to consider doing this myself. If anything I have stated in the following steps is incorrect, please do let me know: STEP 1 - Enrol on a Masters Degree in Actuarial Science at the University of Lausanne, Switzerland https://www.unil.ch/hec/en/home/menuinst/etudes/masters/sciences-actuarielles.html The fees are a mere £440 (580CHF) per semester It is taught in English It is made up of 14 months of taught courses plus exams (Oct 2018 – Dec 2019) followed by a thesis in 2020 It meets the educational requirements of the Swiss Association of Actuaries (SAA) https://www.unil.ch/hec/en/home/menuinst/etudes/masters/sciences-actuarielles/perspectives.html I have amended this post to highlight that this is a taught (not distance learning course) as one student rightly pointed out. Once completed, you have no more exams to do! STEP 2 - Get 3 years work experience, then you can apply for the title “Actuary SAV” You have already met the education requirements in Step 1 so now you can progress with the first 3 years of your career without being weighed down by exams. Once you have three years’ experience, you can apply for the title “Actuary SAV” with the Swiss Association of Actuaries https://www.actuaries.ch/de/aus-weiterbildung/ausbildung-sav-pve-cera/aktuar-sav/studium-aktuar-sav STEP 3 – undertake a 1-year supervised ‘adaptation period’ and become a Fellow of the IFoA https://www.actuaries.org.uk/membership/mutual-recognition/actuarial-association-europe The IFoA has a mutual recognition agreement with the Actuarial Association of Europe which in turn has a recognition agreement with the Swiss Association of Actuaries. So all you need to do is 1-year of work experience in the UK that is signed off by a supervisor and you’ve completed your training. AND FINALLY Congratulations, after 14 months of studying & exams, 4 years work experience and 1 thesis you have become an FIA, Fellow of the Swiss Association of Actuaries and hold a Masters in Actuarial Science! Not bad at all.