The Actuarial Profession is changing, and so are we. As actuaries move into newer roles in addition to the traditional roles, there is a need for students to have the clarity of what exactly is actuarial sciences, why should they become an actuary and what does it take to become an actuary. Typically an Actuary uses financial and statistical techniques to solve real business problems, particularly that involving risk management. But what sets them apart from their counterparts in other professions is the natural mathematical, economic and statistical aptitude, awareness and the ability to apply these to situations in the real financial world. When a student becomes a member of the Institute of Actuaries of India, he already possesses some of the skills required to make him an excellent actuary someday. As he takes one exam after another, he acquires the skills that make him a successful actuary. It takes a lot of patience, grit and determination to get there and when you are there, financial success is just incidental.

Background:
Any person who enrolls himself for examination of the Institute, and possesses such qualifications as is specified, is admitted as a student member of the Institute on such terms and conditions as is specified.

Applicants are allowed to take admissions through below 2 routes:-

1. ACET
   
   Announcement for Online Admission Process
   
   Student Membership Form | Note on Validity of ACET Result
   
   
2. Non-ACET Eligibility Criteria –Institute has enhanced the criteria for IAI Student Membership and the following qualifications are considered in lieu of ACET Examination:
   
   
   1. Fully qualified members of the Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India
   2. MBA in Finance (Minimum 60% or equivalent grade)
   3. IIM Graduate
   4. Bsc/Msc in Actuarial Science from Institute/ Colleges
   5. B.E from Institute (Minimum 60% or equivalent grade)
   6. IIT Graduate
   7. Fellow Member of Insurance Institute of India
   8. Passed two papers from other actuarial bodies’ i.e.
      • Institute and Faculty of Actuaries (IFoA)
      • Society of Actuaries (SOA)
      • Casualty Actuarial Society (CAS)
      • The Actuarial Society of South Africa (ASSA)
      • Institute of Actuaries of Australia (IAAust)
   9. Qualified 1^st year Bsc.,Msc. Actuarial science from Amity University
   10. Graduation and Post-graduation diploma in Actuarial Science (PGDAS)
   11. Graduation and Post-graduation diploma in Actuarial Statistics
   12. Bcom in Actuarial Management Affiliated to Bharathiar University
   13. Bachelor of Statistics (Honours) [B Stat (Hons)] from Indian Statistical Institute
   14. Bachelor of Mathematics (Honours) [B Math (Hons)] from Indian Statistical Institute
   15. Master of Statistics [M Stat] from Indian Statistical Institute
   16. Master of Mathematics [M Math] from Indian Statistical Institute
   17. Master of Science in Quantitative Economics [MS (QE)] from Indian Statistical Institute
   18. Master of Science in Quality Management Science [MS (QMS)] from Indian Statistical Institute

In view of this, a person is eligible for admission if he/she satisfies any of the above criteria.

Announcement for Online Admission Process (NON-ACET)

Student Membership Form (Applicable for Non-ACET students)

Admission Frequently Asked Questions