pd question

[newuser1]

Hi,
I am very new to soa.
I have a stupid question.
I heard PD many times. I also read many info from the website of soa
It said an CPA is 25 score etc...
Can anyone explain what does PD compose of?
Can I just go to many many seminar to get all score of PD?
I feel going to 10 seminar is easier than taking the whole CPA or CFA.
(Actually, i wonder why i need to spend time to take ASA if I have a CFA already... Anyway, I am not certain about the salary as I am a newbie.)

thanks,

[Lemon]

how many courses of the SOA have you cleared so far? and are you a CFA/CPA?

For PD to need a minimum of 50 credits:

15 from a project thing (probably compulsory for you)

For the remaining 35 you can get:

1) 'All 35' through a combination of seminars, tapes etc.
2) 'Few' through seminars,tapes etc and the rest by an Exam Validated approach (there's a table on the website which shows credits you can get through taking various OTHER exmas (CFA/CPA etc). Nothing is compulsory except the 15 credits project so it's up to you which path you take.

Go to the PD page on the society website for more information

[Woodrow]

PD is something you go through at the end of the exam process.
If you are new to the exam system you do not need to worry about it.

[JTBenson]

The reason that you won't need to worry about it is because it will go away by the end of 2007. If you are new, then you won't be done with exams by 2007.

[JTBenson]

In regards to your question as to why you need ASA even though your are a CFA is because the ASA Exams (soon to be internet courses) are specific to Actuarial practice. Also, the mathematical exams (First 4) have more work concerning models that are used in actuarial science. Things like Life Contengencies that probably are not tested in CFA Exams.

[RedSoxFan]

CPA is worth 25 credits?? That would be awesome if true. I'm working on PD under the assumption that my CPA exam is worth 15 credits.

Anyhow, it's a poor choice to do your CPA in order to get PD credits, since you have to have a masters degree in accounting just to sit for it.