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-   -   Company Time for the New Exams (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=329475)

ARodOmaha 01-21-2018 10:46 AM

Company Time for the New Exams
 
I am curious if any of you have had discussions yet at work about the impact of the new exams on study time and pay raise. For my company, they give 30 hours of study time per hour of exam. Since the Predictive Analytics exam is a 5-hour project, that would of course be 150 hours, but that seems overkill. I doubt it will be more difficult than the other exams, just different. Also, adding PA and SRM may cause a bend in pay structure, depending on the company.

My manager asked if I had heard yet what other companies are doing since we try to stay competitive. Any thoughts?

HealthHoncho 01-29-2018 07:12 AM

I spoke with the person who oversees our company student program. We don't have the revision to the hours/bonuses/raises plan out yet, but I was told it exist and was being finalized. Then I was told I can expect to know the updates sometime in February.
I am curious to see how the PA section is handled as well.

DarchArvor 05-09-2018 03:38 PM

As of today, my company is going to give 150h of study time, but the pay raise is not to be expected

It's so stupid

ashley7491 05-17-2018 02:40 PM

My company does the 30 hours per exam hour as well. PA will get 150 hours, but it won't get a 5 hour exam raise. Instead, it will get a smaller raise that is similar to our IA and FA raises.

gcact 05-17-2018 03:25 PM

Quote:

Originally Posted by ashley7491 (Post 9325748)
My company does the 30 hours per exam hour as well. PA will get 150 hours, but it won't get a 5 hour exam raise. Instead, it will get a smaller raise that is similar to our IA and FA raises.

The plan I pitched to the supervisors is similar. The PA module looks difficult, but certainly not at the same level as a 5-hour FSA exam, I set the raise and study hours to be slightly more than what we do for MLC/LTAM but not the same amount as an FSA exam.
Chief actuary is super busy and hasn't had time to review all the changes and the new structure yet, so not sure what the final plan is going to look like.

I am unsure about the prelim raises being split among the 6 exams rather than just adding money into the program, but I'm sure HR and the CA will have a better handle on how to manage that.

ashley7491 05-17-2018 03:47 PM

Quote:

Originally Posted by gcact (Post 9325803)
The plan I pitched to the supervisors is similar. The PA module looks difficult, but certainly not at the same level as a 5-hour FSA exam, I set the raise and study hours to be slightly more than what we do for MLC/LTAM but not the same amount as an FSA exam.
Chief actuary is super busy and hasn't had time to review all the changes and the new structure yet, so not sure what the final plan is going to look like.

I am unsure about the prelim raises being split among the 6 exams rather than just adding money into the program, but I'm sure HR and the CA will have a better handle on how to manage that.

That was somewhat an issue for us. I work at an insurance company that has SOA students and CAS students. We had to make our raises over FSA/FCAS match up.

hz101 06-28-2018 01:54 PM

90 hrs of study time for both SRM and PA, and the same raise as exam C.


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