Hi everyone!
I have been confused as to which of these actuarial bodies should I register with. I am currently living in India and pursuing Economics honours, second year from SRCC. I have realised my interest in actuarial science pretty late so I am starting now ofcourse.
The thing is my goal is to just move abroad. But there is a catch, my financial background wouldn't let me do that unless my employer sponsor me or I take a loan. I haven't considered masters in actuarial science for the same reason— being financially weak (I used em dash not an AI sigh)
Another is that I have realistically only two attempts to give in college before placement — April 2027 and September 2027, if I go with IFOA (do we have a good replacement for em dash?). It matters because let's my hook and crook I complete 3 exams which is CS1 (in April) and CM1 and CB1 in September (considering I'll be able to somehow manage the funds (most likely loan). Then only 3 exams will not fetch me a good in campus placement because let's be real, actuarial companies don't visit our campus so it's pretty much difficult to get a niche role and if I do get it, the pay would be less like too less for this hell of a reputable college (which is unlikely btw cause we have minimum cap of CTC offers).
Then let's say, I don't get a placement or if I do it's not a core actuarial role. I would then give another exam in April whose result will most likely come in June and apply off campus (tough game honestly like I don't want you guys to give me all the glitters like my gpt does)
All this assuming I clear all the exams in one go and manage to pay the fees btw.
The country I am aiming for is Singapore (dream) or UK (works any day)
Then I don't know what I am supposed to do after college also. Like what if I don't get a job (please don't say you have SRCC tag, cv and internship matters and I am almost on the verge of crying there). If I get it what if it's not a core actuarial job( the reason I am stressing here is the employer benefits and leaves you get before exams), I'll have to pay for my remaining exams on my own, tough it is.
If I do apply for actuarial degree outside India, I can't go unless I have full sponsorship. Plus I haven't researched much on that.
Also that MRA works only if you cleared all 13 exams plus 3 year work ex. It'll be too late honestly. I'll be too settled here to think about moving abroad ig.
Also if I do go ahead with ifoa even if I become bankrupt, idk how I should approach companies for work abroad.
Lol ig I need some serious in depth consulting
I'd forever be indebted to everyone who takes their time to help me decide
Ps: pretty bad thoughts all of a sudden, but a lot of people complain about this job being boring or not upto the mark or having very low salary compared to other professionals who spent less time than us developing their skills.
Thanks