Recommended Order for FSA Track Requirements

Fellowship candidates choose a specialty track and complete the requirements of that track (must complete all requirements in a single track). Candidates have flexibility with regard to the order requirements are completed. However, the SOA has established the following recommended order for each fellowship track. Candidates should be aware that an examination/module may assume familiarity with material that is covered in any requirement that is recommended to come before that examination or module.

Corporate Finance and ERM

  1. Enterprise Risk Management (ERM) module*
  2. ERM exam
  3. Foundations of Corporate Finance and ERM exam
  4. Financial Reporting module**
  5. Strategic Decision Making exam
  6. Advanced Topics in Corporate Finance and ERM module

 

Quantitative Finance and Investment (QFI)

  1. Financial Modeling module
  2. QFI Quantitative Finance Exam
  3. QFI Advanced exam
  4. ERM module
  5. Investment Risk Management exam or ERM Exam
  6. Financial Reporting module***

 

Individual Life and Annuities

  1. Regulation and Taxation module
  2. Life Pricing exam
  3. Life Finance and Valuation exam
  4. ERM module*
  5. Life Risk Management exam or ERM Exam
  6. Financial Economics Module***

 

Retirement Benefits Canada

  1. Social Insurance module
  2. Financial Economics Module**
  3. Funding and Regulation exam
  4. Design and Accounting (Canada) exam
  5. ERM module*
  6. Retirement Plan Investment and Risk Management Exam or ERM Exam

 

Retirement Benefits US

  1. Social Insurance module
  2. Financial Economics Module**
  3. Enrolled Actuary exams 2L and 2F
  4. Design and Accounting (U.S.) exam
  5. ERM module*
  6. Retirement Plan Investment and Risk Management Exam or ERM Exam

 

Group and Health

  1. Financial Economics Module
  2. Health Foundations module or ERM module*
  3. Group and Health Core exam
  4. Group and Health Advanced exam
  5. Pricing, Reserving and Forecasting module
  6. Group and Health Specialty exam or ERM Exam

 

General Insurance Track

  1. Introduction to General Insurance Exam
  2. Ratemaking and Reserving Exam
  3. Financial and Regulatory Environment Exam
  4. Financial Economics Module**
  5. ERM Module*
  6. Applications of Statistical Techniques Module
  7. Advanced Topics in General Insurance Exam or ERM Exam

 

*ERM Module may be taken at any time, but should be taken prior to ERM exam

**May be taken before or at the same time as the previous item

***May be taken at any time