New soa rules ?

[unique]

someone who workes as actuary has told me that the soa is changing the exam procces soon and will cancel certain exams and instead a person would have to take certain courses.
Does anyone has anymore info on it ?

[Cheezy]

someone who workes as actuary has told me that the soa is changing the exam procces soon and will cancel certain exams and instead a person would have to take certain courses.
Does anyone has anymore info on it ?

:pdftt:

[campbell]

someone who workes as actuary has told me that the soa is changing the exam procces soon and will cancel certain exams and instead a person would have to take certain courses.
Does anyone has anymore info on it ?

Look here:
http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=172883

[HarryPotter]

i think that it's for 2011...........

[Bulldog05]

someone who workes as actuary has told me that the soa is changing the exam procces soon and will cancel certain exams and instead a person would have to take certain courses.
Does anyone has anymore info on it ?

No exams will be cancelled. They are thinking about alternative methods of gettting credit for certain of the preliminary exsams. One proposal is to have certain colleges, who become accredited to do so, teach courses corresponding to some of the multiple choice exams and if the student gets a high enough grade in the course, they will receive credit for the exam. This would not be implemented until at least two more years. Criteria for these course will be strict - a lot stricter in my opinion - than for the VEE courses.

But the traditional exams will reamian as an option.

This is just in the beginning stages of discussion.

[HarryPotter]

I think that questions like discrimination, segregation and others things will in this case remain .......it's sad

[dmbfan41]

No exams will be cancelled. They are thinking about alternative methods of gettting credit for certain of the preliminary exsams. One proposal is to have certain colleges, who become accredited to do so, teach courses corresponding to some of the multiple choice exams and if the student gets a high enough grade in the course, they will receive credit for the exam. This would not be implemented until at least two more years. Criteria for these course will be strict - a lot stricter in my opinion - than for the VEE courses.

But the traditional exams will reamian as an option.

This is just in the beginning stages of discussion.

:rolleyes:

[HarryPotter]

good to know

[Requiem]

I think that questions like discrimination, segregation and others things will in this case remain .......it's sad

In a post in 2008, Mary Hardy said that the passing mark would probably be 75 or 80. So nothing too strict, really.

[HarryPotter]

Iam sure about one thing : in this world we need many organisations like SOA.:viola:

[Requiem]

Iam sure about one thing : in this world we need many organisations like SOA.:viola:

What does that mean? :-?

[Will Durant]

But the traditional exams will reamian as an option.
In theory, but in practice who is going to take them to become an ASA when an ASA is somebody who stayed awake in class in an actuarial science major.

[HarryPotter]

security for everybody :toth:

[HarryPotter]

In theory, but in practice who is going to take them to become an ASA when an ASA is somebody who stayed awake in class in an actuarial science major.
__________________
Individuals who claim competence in the areas covered by the examinations should not have difficulty demonstrating their competence by participating in the examination process. - Casualty Actuarial Society syllabus

I am all too familiar with people getting grades based on begging, deals, picking professors based on grade distributions, group work on individual projects and exams, and lying to get extensions. - ditkaworshipper:iatp:

[GoldenGoal]

Worst proposal ever.. it's a slap in the face to those that have put in countless hours in preparation for exams. College classes are 4x easier than an exam. They want to encourage more people into the actuarial field. However, I don't feel like watering down our credentials is the way to do it. Our experience is validated by the exams. If all that requires becoming an ASA is college courses... Expect wages to drop.. Ugh.. so mad!

[Requiem]

Worst proposal ever.. it's a slap in the face to those that have put in countless hours in preparation for exams. College classes are 4x easier than an exam. They want to encourage more people into the actuarial field. However, I don't feel like watering down our credentials is the way to do it. Our experience is validated by the exams. If all that requires becoming an ASA is college courses... Expect wages to drop.. Ugh.. so mad!

Write a letter to the SOA - power in numbers.

[Y2A]

I'm writing my letter. Worst idea ever and a complete slap in the face to those of us busting our asses through these exams.

[bdschobel]

Write a letter to the SOA - power in numbers.Amen.

Bruce

[unique]

if soa wants more people in let them make the exam easier than now .
Aslo i dont think colleges will have free hand at their exams , soa will probably still be involved.

[bdschobel]

Wrong. Read the proposal -- or what we know if it, anyway.

Bruce

[Pi_Man]

Worst proposal ever.. it's a slap in the face to those that have put in countless hours in preparation for exams. College classes are 4x easier than an exam. They want to encourage more people into the actuarial field. However, I don't feel like watering down our credentials is the way to do it. Our experience is validated by the exams. If all that requires becoming an ASA is college courses... Expect wages to drop.. Ugh.. so mad!

I agree this is a bad proposal but for different reasons. It is likely to cause fewer (not more) people to enter the profession. The proposal mentions that they anticipate 25 or so accredited schools. It is no accident that this roughly matches the number of schools in the "graduate: education and research" category on the SOA listing of college programs. These programs would be the primary beneficiaries of this proposal. (Actually they are probably the only beneficiaries of the proposal.) The other 100+ programs in the SOA listings would likely be driven out of business hence decreasing the number of people entering the field. I teach in one of these programs. How can I recruit students if they can receive exam credit by going to another school? If this passes there will likely be 25 to 30 surviving programs in 2020. Good news if you live near one of the few chosen schools, bad news if you don't.

[Requiem]

I agree this is a bad proposal but for different reasons. It is likely to cause fewer (not more) people to enter the profession. The proposal mentions that they anticipate 25 or so accredited schools. It is no accident that this roughly matches the number of schools in the "graduate: education and research" category on the SOA listing of college programs. These programs would be the primary beneficiaries of this proposal. (Actually they are probably the only beneficiaries of the proposal.) The other 100+ programs in the SOA listings would likely be driven out of business hence decreasing the number of people entering the field. I teach in one of these programs. How can I recruit students if they can receive exam credit by going to another school? If this passes there will likely be 25 to 30 surviving programs in 2020. Good news if you live near one of the few chosen schools, bad news if you don't.

Write a letter to the SOA.

[campbell]

Write a letter to the SOA.

Write a letter to fem@actuarialdirectory.org

That's the official response email address.