If you’re on the path to actuarial certification in 2025, you already know the importance of exams like Exam P and FM, but there’s another crucial piece of the puzzle: Validation by Educational Experience, or VEE credits. Strategically mapping these credits onto your certification journey can save you time, reduce stress, and ensure you meet all requirements smoothly. Let’s walk through how you can plan your VEE credits effectively, with practical tips and real-world examples to guide you.
First, a quick refresher: VEE credits cover three main topics—Economics, Accounting and Finance, and Mathematical Statistics (the latter is required by the Society of Actuaries (SOA) but not by the Casualty Actuarial Society (CAS))[1][2]. These credits are different from exams; you earn them by completing approved university courses or equivalent educational experiences with a grade of at least B- or higher[4][7]. However, there’s a catch: you must pass at least two SOA or CAS actuarial exams before you can apply for VEE credit officially[1][3].
The key to strategic mapping is timing. Since you can complete VEE courses at your own pace—some candidates even finish them during undergrad—it’s smart to align these courses with your exam schedule. For example, many students take VEE courses during college because they can often count toward their degree credits, effectively killing two birds with one stone[4]. If you’re already working or returning to studies, online VEE courses, such as those offered by Coaching Actuaries, allow flexible pacing, usually completing each course in about 30 hours[6]. This flexibility means you can slot VEE study around your exam preparation without overload.
One practical piece of advice: plan to complete your VEE courses before passing your second actuarial exam. This way, once your exam results appear on your transcript, you can apply for VEE credit immediately, avoiding delays in your certification process[3]. For example, if you pass Exam P and FM early in the year but haven’t yet finished your VEE courses, you’ll want to wrap up those courses soon to file your VEE application while your exam credits are fresh.
Another aspect to consider is the slight difference between SOA and CAS requirements. SOA candidates need all three VEE credits, while CAS candidates only require Economics and Accounting & Finance[1][4]. If you’re undecided about which path to follow, keep these differences in mind. For instance, if you plan to pursue the CAS Associate (ACAS) designation, you can prioritize the two VEE topics they require, potentially saving time and effort[5].
Now, here’s a scenario to illustrate strategic mapping:
Imagine you’re a college senior in spring 2025, having completed your first actuarial exam, Exam P, and enrolled in an approved Economics VEE course. You plan to take Exam FM in summer and then apply for your VEE credits after passing both exams. By scheduling your VEE Accounting & Finance and Mathematical Statistics courses for the summer and fall semesters, you can complete all VEE coursework by the end of the year. Once your exam results for FM are official, you’ll apply for VEE credits and keep your certification progress on track without overlap or unnecessary delays.
When applying for VEE credit, keep your documentation organized: you’ll need your course provider name, course numbers, completion dates, official transcripts, and your grades[1]. Some providers, like Coaching Actuaries, submit grades directly to SOA or CAS for you, which simplifies the process[6]. Still, you must apply online yourself, and having all paperwork ready helps avoid back-and-forth communications.
If you’re working full-time, consider employer support. Many actuarial employers cover VEE application fees and may even provide access to approved courses or study groups[7]. Taking advantage of this support can reduce financial strain and boost your learning through peer collaboration.
One more tip: don’t wait too long after passing two exams to apply for your VEE credits. Although you can complete VEE courses anytime, the official application requires those two exams to appear on your transcript first[3]. Delaying the application can cause unnecessary hold-ups in your certification timeline. Also, keep in mind that a grade of B- or better is mandatory, so choose VEE courses and providers with strong reputations and good study resources to ensure success[4][6].
Statistically, candidates who strategically plan VEE credits alongside their exam schedules tend to reach the Associate level faster and report lower stress levels[10]. This makes sense because spreading out the workload and avoiding last-minute cramming creates a more manageable and sustainable path.
To sum up your strategic approach:
Start early: Complete VEE courses during or before passing two actuarial exams, ideally while still in school or early in your career.
Know your requirements: Understand the differences between SOA and CAS VEE topics and tailor your plan accordingly.
Organize documentation: Keep transcripts, course info, and grades ready to streamline your VEE credit application.
Use flexible learning: Take advantage of online VEE courses for pacing that fits your schedule.
Leverage employer resources: Many companies support VEE credits financially and with study help.
Apply promptly: Submit your VEE credit application soon after passing two exams to keep your certification timeline on track.
By weaving your VEE credits thoughtfully into your actuarial certification journey in 2025, you’ll not only meet requirements efficiently but also build a solid foundation of knowledge in key subjects that complement your exam skills. This strategic planning gives you confidence and momentum as you advance toward your ASA, CERA, ACAS, or other actuarial designations. Keep your eyes on the prize, plan ahead, and you’ll navigate the VEE process like a pro.