School of Mathematical and
|
Recommendations for exemptions from professional exams based on performance in the Diploma examinations will be agreed at the Examiners' Meetings in June and September.
Modules |
Course Code |
Term |
|
| CT1 | Financial Mathematics | F79AB |
1 |
| CT2 | Finance and Financial Reporting |
C39AI |
1 |
| CT3 | Statistical Methods / Further Statistical Methods | F79SM/SN |
1 and 2 |
| CT4 |
Stochastic Modelling (40%) Survival Models (60%) |
F79SZ F79AE/BE |
2 2 and 3 |
|
CT5 |
Introduction to Life Insurance Mathematics (50%) Life Insurance Mathematics (50%)
|
F79LI F79AF/BF |
1 2 and 3 |
| CT6 | Time Series Analysis
(25%) Risk Theory (75%) |
F79TS F79AG/BG |
2 2 and 3 |
| CT7 | Economics |
C2922 |
1 |
| CT8 | Financial Economics 1 (50%)
Financial Economics 2 (50%) |
F79AH F79AJ |
2 3 |
The exemption level varies among subjects but usually lies in the range 60% to 65%.
Exemption levels are determined by the Board of Examiners in June and September. No information is available regarding exemptions prior to the June meeting.
Following the Board of Examiners' Meetings the Department will write to the actuarial profession (that is, the education offices of the Institute and Faculty of Actuaries in Oxford ) listing the specific exemption recommendations for each member of the class.
We will also provide each student with a letter confirming the exemptions for which they have been recommended.
Generally exemptions are recommended on the basis of results at the first attempt for any exam.
Students are permitted to take resit examinations (in the autumn diet) which count for exemption in the following circumstances only:
1. A genuine attempt is made at the first sitting and a D Grade pass or higher is achieved (or a weighted average equivalent to a D Grade pass in the case of 2 or more exams being relevant).
2. where an exemption is based on a combination of exam marks you will be required to resit all the component exams (and not just those for which you did not obtain exemption grade the first time).
Students wishing to take resit exams for exemption should apply using the standard Reassessment Application form available from the Registry website, and will be required to pay a resit fee (currently £30 for the first exam, then £20) for each exam to be reassessed. The form, plus fee, must be returned to Registry, and a copy must be given to the Department secretary, Mrs Mary Wilson. The Department is required to approve all resits for exemption and will not do so unless Mrs Wilson has a copy of the form.
To claim your exemptions, you must join either the Faculty of Actuaries or the Institute of Actuaries as a student member. You must then submit the Application for Exemptions form. The Profession will match your application with the information provided by the Department and then confirm your exemptions. More information is available from the Profession's website, www.actuaries.org.uk.
You should note that fees are payable to become a student member and to claim your exemptions. We generally recommend that you wait until after you have completed the course to join the profession.