After the Core T echnical concepts and Core Applications exams along with a minimum of one year actuarial work experience, you become the Associate member of the Institute of Actuaries of India or the Institute and Faculty of Actuaries, UK or both. This change in designation comes with voting and other invaluable rights together with a bunch of professional responsibilities. This is also the stage at which one needs to ponder and decide where does his/her interests lie. Accordingly, they should choose the field of actuarial specialisation for them. Chiefly, there are the traditional choices of ST1 Health Insurance, ST2 Life Insurance, ST4 Employee benefits (read pensions), ST5 Finance and Investments A, ST6 Finance and Investments B, ST7 General Insurance (Reserving), ST8 General Insurance (Pricing), ST9 Enterprise Risk Management (ERM).