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One account
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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.
| Exam | VEE 2024 |
|---|---|
| Exam conducting authority | Vels University |
| Exam type | Multiple-choice exam |
| Number of questions | 100 |
| Exam duration | 3 hours |
| Exam dates | May 22, 2024 |
| Admit card release date | April 2024 |
| Result declaration date | June 2024 |
| Exam syllabus | General Knowledge and Aptitude, subject-specific questions (varies depending on the course) |
| Cutoff scores | Vary from course to course |
| Eligibility criteria | Candidates must have completed their 12th or equivalent examination from a recognized board. Candidates must be Indian citizens or have a valid visa to study in India. Candidates must not have any outstanding criminal records. Candidates must be physically and mentally fit to undertake the rigors of the VEE exam and the subsequent academic program. Candidates who have appeared for JEE Main 2024 or NEET 2024 are now eligible to apply for the VEE 2024 exam, even if they have not qualified for those exams. |
| Reservation of seats | Scheduled Caste (SC): 15%, Scheduled Tribe (ST): 7.5%, Other Backward Classes (OBC): 27%, Persons with Disabilities (PwD): 3%, Defence personnel: 5%, Wards of freedom fighters: 3%, Wards of employees of Vels University: 3% |
| Documents required for registration | Class 10th mark sheet, Class 12th mark sheet, Class 12th pass certificate, Recent passport size photograph, Recent scanned signature, Identity proof (passport or PAN card), Category certificate (if applicable) |
| Topic | General Knowledge and Aptitude | Subject-specific Questions |
|---|---|---|
| Current affairs | - National and international events | - Mathematics |
| General science | - Physics, Chemistry, Biology | - Physics |
| English language | - Grammar, vocabulary, comprehension | - Chemistry |
| Logical reasoning | - Analogies, syllogisms, puzzles | - Biology |
| Analytical reasoning | - Data analysis, problem-solving | - Computer Science |
| Problem-solving | - Mathematical problems, word problems | - Mathematics |
| Algebra | - Basic algebra, polynomials, quadratic equations | - Physics |
| Geometry | - Basic geometry, trigonometry | - Mathematics |
| Calculus | - Differentiation, integration | - Physics, Chemistry |
| Statistics | - Descriptive statistics, inferential statistics | - Mathematics, Computer Science |
| Mechanics | - Motion, forces, energy | - Physics |
| Thermodynamics | - Heat, work, and energy | - Physics |
| Electromagnetism | - Electricity, magnetism, and electromagnetic radiation | - Physics |
| Optics | - Light, reflection, refraction, and diffraction | - Physics |
| Basic chemistry | - Atoms, molecules, and chemical reactions | - Chemistry |
| Organic chemistry | - Hydrocarbons, functional groups, and polymers | - Chemistry |
| Inorganic chemistry | - Metals, non-metals, and their compounds | - Chemistry |
| Botany | - Plant structure, function, and reproduction | - Biology |
| Zoology | - Animal structure, function, and reproduction | - Biology |
| Genetics | - Inheritance and variation | - Biology |
| Biochemistry | - Chemical processes in living organisms | - Biology |
| Programming languages | - C++, Java, Python | - Computer Science |
| Data structures | - Arrays, linked lists, stacks, and queues | - Computer Science |
| Algorithms | - Searching, sorting, and graph algorithms | - Computer Science |
| Operating systems | - Processes, threads, and memory management | - Computer Science |
| Subject | Topic | Weightage |
|---|---|---|
| Mathematics | Algebra, geometry, calculus, statistics | 25-30% |
| Physics | Mechanics, thermodynamics, electromagnetism, optics | 20-25% |
| Chemistry | Basic chemistry, organic chemistry, inorganic chemistry | 15-20% |
| Biology | Botany, zoology, genetics, biochemistry | 10-15% |
| Computer Science | Programming languages, data structures, algorithms, operating systems | 5-10% |
| General Knowledge and Aptitude | Current affairs, general science, English language, logical reasoning, analytical reasoning, problem-solving | 10-15% |
| Topic | Weightage (2023) | Weightage (2022) | Weightage (2021) |
|---|---|---|---|
| Mathematics | 28% | 27% | 26% |
| Physics | 25% | 26% | 25% |
| Chemistry | 20% | 20% | 21% |
| Biology | 15% | 16% | 15% |
| Computer Science | 5% | 5% | 4% |
| General Knowledge and Aptitude | 12% | 12% | 14% |
| Subject | Book | Author |
|---|---|---|
| Mathematics | NCERT Class 11 and 12 Mathematics books | Various authors |
| Physics | NCERT Class 11 and 12 Physics books | Various authors |
| Chemistry | NCERT Class 11 and 12 Chemistry books | Various authors |
| Biology | NCERT Class 11 and 12 Biology books | Various authors |
| Computer Science | Introduction to Algorithms by Thomas H. Cormen, Charles E. Leiserson, Ronald L. Rivest, and Clifford Stein | Thomas H. Cormen, Charles E. Leiserson, Ronald L. Rivest, and Clifford Stein |
| Computer Science | Data Structures and Algorithms in Python by Michael T. Goodrich and Roberto Tamassia | Michael T. Goodrich and Roberto Tamassia |
| Computer Science | Operating Systems: Three Easy Pieces by Remzi H. Arpaci-Dusseau and Andrea C. Arpaci-Dusseau | Remzi H. Arpaci-Dusseau and Andrea C. Arpaci-Dusseau |
| Section | Number of Questions | Maximum Marks |
|---|---|---|
| General Knowledge and Aptitude | 20 | 20 |
| Mathematics | 25 | 50 |
| Physics | 25 | 50 |
| Chemistry | 25 | 50 |
| Biology | 25 | 50 |
| Computer Science | 25 | 50 |
| Total | 100 | 200 |
