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View Full Version : Repayment of Exam "Expenses" to your company


nottom
11-17-2009, 02:41 PM
Does your company require any sort of repayment of exam "expenses" if you take another job elsewhere? I guess I'm most interested in bigger costs such as Pass Bonuses or Seminar Fees, but certainly costs of books or the exam fees themselves could be required as well.

If you interviewed with a company that had such a policy in place would that impact your decision to take the position?

Aluan
11-17-2009, 05:27 PM
Does your company require any sort of repayment of exam "expenses" if you take another job elsewhere? I guess I'm most interested in bigger costs such as Pass Bonuses or Seminar Fees, but certainly costs of books or the exam fees themselves could be required as well.

If you interviewed with a company that had such a policy in place would that impact your decision to take the position?

You mean if you incurred the expense and immediately left?

Or do you mean, like, passing your exams and then leaving, and being required to repay all expenses ever? That would be pretty weird.

My company doesn't require for either.

One of the largest expenses has to be study time, though.

nottom
11-19-2009, 10:03 AM
I meant if you go to a seminar, pass you exam get your bonus and leave a few months later.

Obviously I don't mean all exam expenses, maybe only the last year or 2.

Hello fellow actuaries...
11-19-2009, 10:18 AM
http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=13159

I have changed jobs a couple times. Once shortly after passing an exam, once after enrolling in an exam and getting all the text books &, study manuals. Was never asked to repay anything.

Sigma Squared
12-10-2009, 03:32 PM
Earlier this year, the company I was working for paid the exam fee and paid for a study guide for an upper level exam I was taking in October, totaling $1500. I left the job in September, and the company took the $1500 out of my last paycheck.

However, in negotiating for my new job, I managed to get the $1500 back in the form of a sign-on bonus from the new company.

WhyAndHow
01-08-2010, 10:10 AM
At my company, if you sit for an exam and get a 0 for any reason, you have to pay back any expenses (books, exam fee, seminars) and you are removed from the study program (no study hours next sitting). We also don't have bonuses, but the raises are generous.