Old or New FE Module

[OUTLAW JOSEY WALES]

Looking for some advice concerning the FE module. I have been signed up for the old FE module but have not had the opportunity to work on it due to work constraints. I have not been able to get through really any of the module. My time will expire on the module on the first of February. I have the opportunity to extend the time for the module another 6 months or I can sign up to take the new FE module. I should have the time in the next 6 months to spend on the module. If you had the choice would you continue on the old FE module or start the new one?

[SirVLCIV]

From the sound of the new exercise, I'm glad I did the old one, but :shrug: to each his own.

[Stan]

I thought the old one was relatively straight forward (calculation based with answers on AO) and can only assume that the new one would/could be more challenging.

[NoRiskNoGain]

Actually, I thought the new exercise was the same as the old one.

[Stan]

I think when I took it (the old one) you had to price a GMMB using a stochastic model. Is it still the same exercise?

[NoRiskNoGain]

I also took the old one. Task 1 was pricing a GMMB using a LN and RSLN model and task 2 was discussing violations of MM assumptions.

One of my coworkers took the new module and I'm pretty sure the EOM was very similar.

[SirVLCIV]

http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=207767

Sounds a little different to me. Task 3?

[Stan]

Are all the FE modules the same (no variation by track)? When I took it I actually had to use a spreadsheet to do calculations and run something like 100 scenarios. This should tell you whether or not it changed.

[LoneGirl]

Are all the FE modules the same (no variation by track)? When I took it I actually had to use a spreadsheet to do calculations and run something like 100 scenarios. This should tell you whether or not it changed.

You still have to do this, depending what track you are on. In the current FE module, there are 3 tasks, but you only do two. The two you do are based on what exam track you are on (I believe everyone does one of the tasks, then your second task is according to which track you are on).

[Stan]

That makes sense. I am taking the ERM/Finance track.