The Validation by Educational Experience (VEE) examination, which serves as a prerequisite to earn an actuarial credential, is a requirement for either the CAS or SOA to confer an actuarial credential. The reason of VEE program is to affirm that the actuaries seeking admission owns the extensive knowledge in three critical areas which are not acting as an actuarial exam - economics, accounting and finance, and mathematical statistics. It is the VEE exams that are not scored as pass or fail but require candidates to accrue at least the minimum credit from courses in those subjects that are to be approved at the college/university level before getting full credential.
Almost everybody gets this credential while getting education in the college and it is a piece of evidence which shows that individuals considering to be actuarial scientists have broader financial and economic knowledge than just technical actuarial examination. As soon as CAS and SOA publish the VEE exam directory mid-2021, this directory will list all the approved college courses and VEE credit requirements for the academic years that will begin in the following year. For the 2024 exam, the VEE (Volunteer Experience and Education and Training) requirements and approved course list that would apply since June 2023 are expected to be published. The amazing is that the results are instant like exams are offered in a college schedule time rather than the holding centralized schedule and like actuarial credential examinations.
Highlight | Details |
---|---|
Date of Exam | April 22, 2024 |
Exam Mode | Online |
Exam Duration | 3 Hours |
Total Questions | 100 |
Total Marks | 100 |
Question Type | Multiple Choice Questions (MCQs) |
Section | No. of Questions | Marks | Time |
---|---|---|---|
General Aptitude | 25 | 25 | 45 minutes |
Engineering Mathematics | 40 | 40 | 90 minutes |
Specific Discipline | 35 | 35 | 90 minutes |
Exam Center | City |
---|---|
Bangalore | Bangalore |
Mysore | Mysore |
Mangalore | Mangalore |
Hubli | Hubli |
Belagavi | Belagavi |
Dharwad | Dharwad |
Gulbarga | Gulbarga |
Vijayapura | Vijayapura |
Raichur | Raichur |
1. Visit SOA or CAS website and find the VEE test eligibility criteria to make sure that you will sit for the VEE exams. By doing so, you will not only prepare but you will also be informed on the standards you need to meet to pass the exam. The tend to involve you to have completed a certain number of college courses in the area of specific academics earlier.
2. Find out the examination window dates for your session by checking the SOA/CAS schedule on the web-site. You should know that there are several test windows during the year, as well, where you can register for an exam.
3. The VEE exams include English, Writing and Maths. Which of these you need to take will depend on the degree you are applying for. Here are economy, corporate finance, and applied statistical methods that are required to be covered in most of these exams. Check your exam requirements.
4. Register & pay for the examination in one of the periods that have been designated for registration. Registering yourself, choose the exam, selecting the test center and pay the exam fees will be the process. Around $100+ is payable for these exams.
5. Confirm that the institution of higher learning has SVEs credits authorized by VEE verified by SOA/CAS if college credits for any VEEs.
6. Afterward, when the testing administrator approves your application, schedule an appointment with them during the window of time/day you mentioned for your VEE tests.
7. Set up for the upcoming test by reading the class notes, course outlines, a set of sample questions and practice assessments.
8. Make your VEE exams during the scheduled time allotted for your test. The outcome is usually sent within two weeks of the testing.