Actuarial Common Entrance Test (ACET) is an entry-level entrance examination conducted by Institute of Actuaries of India (IAI). ACET is an entry level examination conducted to regularize and streamline admission in to Institute of Actuaries of India (IAI). An actuary is a financial professional who generates business, financial and other reports regarding risk management and more. Initially actuarial professionals were sought out by the insurance industry but over the years the demand for Actuarial professionals has grown many a fold. The Actuarial profession is fast becoming popular, with thousands of students sitting for ACET every year. Candidates who want to make a career as an actuary have to first clear the Actuarial Common Entrance Test (ACET). After the candidate clears the ACET examination, he will register and appear for actuarial exams. The candidate needs to clear 15 examinations which are divided into four parts Core Technical (CT), Core Application (CA), Specialist Technical (ST) and Specialist Application (SA) to become an actuary in India.

