EAA Education focuses on transfer of what is learned to the (future) job of the participants. Therefore EAA education is competence focused on knowledge, (personal) skills and work experience and will deliver educated Actuaries who have:
- a sound cognitive basis
- proven the application of the cognitive basis in their field of work (practical work experience)
- sufficient personal and professional (soft) skills to handle the (ethic and independence) issues of the actuarial role.
This is done e.g. through training and assignment methods such as training-on-the-job and work assignments.
EAA aims to lay the foundation for turn-key professional actuaries who have all the knowledge, skills and work experience necessary to take on their role as actuaries from day one in a new job. EAA believes this is required, since knowledge and skills alone are insufficient ‘luggage’ for real-life performance. Indeed, real-life performance can never be achieved in a setting of mere academic study.
To this end, EAA’s modules are as work relevant as possible. EAA will also consult on and oversee the execution of Stage 3 (Country Specific and Specialist Stage) modules provided by the Local Associations. It is especially during this stage that EAA candidates learn job specific knowledge and skills and acquire work experience.
All work related parts of the education are completed locally by the participants. They may be provided & coordinated by the local actuary association. Examples of work related ways of study are:
- Work training: on the job training in current field of work
- Work orientation: short term internship in future field of work
- Local specialization: short term specialization in future field of work
- Specialist work training: medium term internship in future field of work
- Work assignments: short assignments in current or future field of work