Fellow of the Society of Actuaries (FSA)

Requirements to attain the FSA designation include exams, e–Learning courses and modules, a proctored project assessment, validation of educational experiences outside the SOA Education system (VEE), a professionalism seminar and the Fellowship Admissions Course.

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 a recommended order for each fellowship track, which is also reflected in the table below. 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.

Additional Resources

Pathway Requirements

To see the requirements  for the ASA designation or the CERA credential, click on the appropriate tab below.


Candidates seeking to attain an FSA must also complete the ASA requirements. This is typically done in advance of beginning a fellowship track.

Choose a specialty track below and complete the requirements in that column.

All candidates must complete DMAC and FAC. The requirements in each track are listed in recommended order.

Color Key

Corporate Finance and ERM (CFE) Track Quantitative Finance and Investment (QFI) Track Individual Life and Annuities Track Retirement
Benefits Track
Group and Health Track General Insurance Track
Enterprise Risk Management (ERM) Module* Financial Modeling Module Regulation & Taxation Module Social Insurance Module Financial Economics Module Introduction to General Insurance Exam
ERM Exam QFI Quantitative Finance Exam Life Pricing Exam Financial Economics Module** Health Foundations Module or ERM Module* Ratemaking and Reserving Exam
Foundations of CFE Exam QFI Advanced Exam Life Finance and Valuation Exam Funding and Regulation Exam (Canada only) Group & Health Core Exam Financial and Regulatory Environment Exam
Financial Reporting Module** ERM Module* ERM Module* Enrolled Actuaries (EA) Exams (U.S. only) Group & Health Advanced Exam Financial Economics Module**
Strategic Decision Making Exam Investment Risk Management Exam or ERM Exam Life Risk Management Exam or ERM Exam Design and Accounting Exam Pricing, Reserving & Forecasting Module ERM Module*
Advanced Topics in CFE Module Financial Reporting Module*** Financial Economics Module*** ERM Module* Group & Health Specialty Exam or ERM Exam Applications of Statistical Techniques Module
      Retirement Plan Investment and Risk Management Exam or ERM Exam   Advanced Topics in General Insurance Exam or ERM Exam
Decision Making and Communication (DMAC) Module Decision Making and Communication (DMAC) Module Decision Making and Communication (DMAC) Module Decision Making and Communication (DMAC) Module Decision Making and Communication (DMAC) Module Decision Making and Communication (DMAC) Module
Fellowship Admissions Course (FAC) Fellowship Admissions Course (FAC) Fellowship Admissions Course (FAC) Fellowship Admissions Course (FAC) Fellowship Admissions Course (FAC) Fellowship Admissions Course (FAC)

 

*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

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