[[Actuarial Notes Wiki|Wiki]] / [[Actuarial Certifications]] / [[Society of Actuaries (SOA)]] / ==Fellow of the Society of Actuaries (FSA)== ## FSA Study Guide >There are 6 different tracks to become a **Fellow of the Society of Actuaries (FSA)**. Each track specializes in a different area of actuarial work and has different requirements. In general, becoming an FSA requires; >- **ASA**: A prerequisite credential awarded by the SOA. >- **3-4 Exams**: Computer-based tests with multiple choice and short answer questions. >- **4 Courses**: Self-study courses hosted online, with readings and assessments. >- **1 Seminar**: In-person lectures and workshops. > >See [FSA Tracks Summary](https://www.soa.org/4ae4d8/globalassets/images/education/exam-req/fsa-tracks-chart.png) for more information. | FSA Track | Description | | --------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | | [[Corporate Finance and ERM (CFE) Track]] | **⭐ Track** Enterprise risk management (ERM):<br>Financial management, and corporate finance. For actuaries who analyze risk in a business context and develop strategies to mitigate financial risks. | | [[Quantitative Finance and Investment (QFI) Track]] | **⭐ Track** Advanced financial modeling:<br>Investment analysis, and risk management techniques. For actuaries interested in asset management, derivatives, and quantitative finance. | | [[Individual Life and Annuities (ILA) Track]] | **⭐ Track** Life insurance and annuity products: <br>Product design, valuation, and risk management. For actuaries working in the life insurance industry.<br> | | [[Retirement Benefits (RET) Track]] | **⭐ Track** Pension plans and retirement benefits:<br>For actuaries who manage risks associated with retirement systems and design sustainable benefit plans. | | [[Group and Health (GH) Track]] | **⭐ Track** Health insurance and group benefits.<br>For actuaries who price, set reserves for, and manage health-related financial risks. | | [[General Insurance (GI) Track]] | **⭐ Track** Property and casualty insurance.<br>For actuaries who assess risk, price, and develop solutions for managing losses and claims for general insurance products. |