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The best certifications for an actuary are Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA), and Member of the American Academy of Actuaries (MAAA).
Actuary certifications demonstrate your competency as an actuary to employers. However, not all actuary certifications provide the same value.
Below is a list of the best actuary certifications. Obtaining an actuary certification will give you a leg up when you apply for jobs and increase your potential salary.
| Rank | Actuary certification | Organization |
|---|---|---|
| 1 | Associate of the Society of Actuaries (ASA) | SOA |
| 2 | Fellow of the Society of Actuaries (FSA) | SOA |
| 3 | Member of the American Academy of Actuaries (MAAA) | AAA |
An Associate of the Society of Actuaries has demonstrated knowledge of the fundamental concepts and techniques for modeling and managing risk. The Associate has also learned the basic methods of applying those concepts and techniques to common problems involving uncertain future events, especially those with financial implications. The Associate has also completed a professionalism course covering the professional code of conduct and the importance of adherence to recognized standards of practice.
The best actuary certification is Associate of the Society of Actuaries (ASA). The Associate of the Society of Actuaries (ASA) is awarded by the Society of Actuaries. This certification is great to have as it shows an improvement in your competency to perform your role. You can earn this certification at the beginning of your career, as it often doesn't require a minimum education level and work experience.
Here's a bit more background on how to obtain this actuary certification:
The most in-demand actuary certification is Associate of the Society of Actuaries based on all active job postings. Having this actuary certification will give you access to more actuary jobs with higher salaries.
The most common combination of actuary certifications include: Associate of the Society of Actuaries (ASA), Fellow of the Society of Actuaries (FSA), and Member of the American Academy of Actuaries (MAAA).
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