ST0 exemption for Master Dissertation

[arnie_d12]

Congrats! My MSc is financial maths but I did a dissertation about insurance which is promising. Do you mind me asking how long was your FIA supporting letter? Did they go into much detail? Thanks!

Please can you tell me what your evidence looked like e.g. how long it was and what sections was it split into?

Thanks

 

[Ashwin Shrivastava]

Hi,

I got this exemption because I have an MBA from a specific list that IFoA refers to. I had to send my transcript along with it.

 

[Roneil Patel]

Hi Imy,
Sorry I saw your message but was getting ready for my SA3 exam last week and forgot to reply until now.

I cannot remember how long in words it was, though it was quite detailed.

For my mentor to write the letter I gave him a detailed list of the types of models and statistics I used in the dissertation (I also gave him a copy of the dissertation.)
I also looked through actuarial papers using the IFoA webside and documented why the techniques which I had used are relevant in actuarial work.
My msc was in statistics, my dissertation was using health data. But many of the models and techniques I had used are used in the world of actuaries. Such as GLM models and bootstrapping to name a few, I also used R programming which I made sure I got across as the institute seems keen on this now. This formed the basis of my mentors letter.
Hope this helps

Hi Laura,

Is there any mark needed for this in the dissertation?

 

[Roneil Patel]

good luck! i managed to get one with a msc in statistics

can we still get the exemption just from a masters in a field relating? Or do we need to have a thesis?

 

[laura_mils]

Hi
I’m not sure about the mark, I think they have a mark specified for the other exemptions so may be worth a look at the full guidance on exemptions.
My sp0 exemption was specifically for my dissertation, it was on health related data, but all the modelling and statistics I used was very relevant to actuarial. I did just straight up msc. Statistics so not an actuarial one.
I would say read the guidance and if you think at all you are eligible; and your employer is willing to support an application for exemption, you should apply for it as you have nothing to loose!
Good luck & if worst comes to worst end you have to do the sp it will be useful for your sa anyway! I had to read and learn the one I was exempt from before my sa exam.
Laura

 

[laura_mils]

I’m honestly not sure - you’re best asking the ifoa and I would always apply if you’re not certain you wouldn’t get the exemption. It’s a few years since I qualified now so am not familiar with the most recent rules.
Good luck!