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-   -   CERA and then FSA? (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=321829)

AmQui 04-30-2017 12:28 PM

CERA and then FSA?
 
Hi!

If you want to obtain the FSA and CERA certifications and Even if there is a Recommended Order for FSA Track Requirements, one possibility is to present first the ERM module, then the ERM Exam and then to continue with the remaining requirements to achieve the FSA certification.

In this order of ideas, you will get first the CERA certification and then when finished all the FSA requirements, the FSA certificate.

For example, if the FSA track is "Group and Health", my scheme would be:

ERM Module
ERM Exam
-- Becoming CERA
Financial Economics Module
Group and Health Core exam
Group and Health Advanced exam
Pricing, Reserving and Forecasting module
-- Becoming FSA
Finally, you will be FSA and CERA.

Is that possible? Recommendable? Is anyone doing this?

Thank you!

DataDan 06-01-2017 01:33 PM

I know several people that did ERM exam/module after getting their ASA.

The advantage for them was:
1: Got CERA very soon after getting ASA
2: did not have to dedicate to an FSA track immediately after finishing ASA work
3: ERM module can take the place of the Health Foundations mod
4: ERM exam can take the place of the Group & Health Specialty Exam

Downsides could be:
1: If you dont like ERM material, this could be a long year
2: some dont place much worth on the CERA designation

I am actually opting out of the ERM/CERA path. I am jumping right into the GHC exam this fall.

Best of luck with whatever path you choose.

Turd Ferguson 06-01-2017 01:52 PM

I took the ERM track, and my CERA is 2 years older than my FSA. I didn't really go out of my way to make that happen, so I'm sure I'm not alone.

so yes, it's possible and yes, people are doing it. no idea if it's the recommended strategy, or who would even provide that official recommendation.

Fat Ninja 07-17-2017 01:38 PM

One thing to note is that if you want to avoid dealing with the new curriculum you would need to pass ERM's Fall 2017 sitting (at latest).

https://www.soa.org/Education/Genera...ransition.aspx

music 'n math 07-17-2017 01:54 PM

Quote:

Originally Posted by Fat Ninja (Post 9032253)
One thing to note is that if you want to avoid dealing with the new curriculum you would need to pass ERM's Fall 2017 sitting (at latest).

That's not entirely accurate. From the SOA's page:

"For transition rules on this plan, the same rules as for ASA to FSA apply. Those who meet the current CERA requirements except for the ERM exam and module and APC by July 1, 2018 can earn the CERA provided those three components are completed by July 1, 2022."

Found near the bottom of this page (second to last paragraph): https://www.soa.org/Education/Genera...andidated.aspx

Vivaldi 07-17-2017 02:04 PM

Quote:

Originally Posted by Fat Ninja (Post 9032253)
One thing to note is that if you want to avoid dealing with the new curriculum you would need to pass ERM's Fall 2017 sitting (at latest).

https://www.soa.org/Education/Genera...ransition.aspx

From the SOA website:
"For transition rules on this plan, the same rules as for ASA to FSA apply. Those who meet the current CERA requirements except for the ERM exam and module and APC by July 1, 2018 can earn the CERA provided those three components are completed by July 1, 2022."

https://www.soa.org/Education/Genera...andidated.aspx

So my understanding is that if you have your ASA by July 1, 2018, as long as you complete the ERM exam and module anytime before July 1st, 2022, you get CERA. Am I missing something?

Fat Ninja 07-24-2017 09:49 AM

I hadn't seen that... nice catch. Now I'm back to the dilemma of whether to do Specialty or ERM.


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