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Search: Posts Made By: bdschobel
Forum: General Actuarial 09-06-2016, 03:21 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
True. Bruce

True.

Bruce
Forum: General Actuarial 09-06-2016, 01:42 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Interesting question! Actually, because SOA has...

Interesting question! Actually, because SOA has so few members who are qualified to create GI study material and exams -- and because the CAS copyrighted much of its study material -- the SOA was...
Forum: General Actuarial 09-06-2016, 01:19 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
It's really shocking how much of OUR money the...

It's really shocking how much of OUR money the SOA has squandered on its tiny GI track. When will they wake up and end this failed experiment?

Bruce
Forum: General Actuarial 01-08-2016, 07:16 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
They do what the SOA does: administer exams, plan...

They do what the SOA does: administer exams, plan and attend various meetings, do research, issue many publications, serve as liaisons to various groups (section councils, committees, etc.).

Bruce
Forum: General Actuarial 01-07-2016, 12:02 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Salaries and benefits are a big part; SOA employs...

Salaries and benefits are a big part; SOA employs more than 100 people. Then you have exam-related costs (like for the test centers and exam preparation), meeting-related costs, travel expenses and...
Forum: General Actuarial 01-07-2016, 11:58 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
SOA staff actuaries get paid pretty well,...

SOA staff actuaries get paid pretty well, actually. But you're right: their combined salaries, plus benefits, are approximately 2% of the total SOA budget.

Bruce
Forum: General Actuarial 01-07-2016, 09:52 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
It's simply ridiculous that SOA keeps grinding...

It's simply ridiculous that SOA keeps grinding forward on this clearly failed experiment. Does no one have the wisdom needed to pull the plug?

Bruce
Forum: General Actuarial 10-14-2014, 10:37 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Correct, and worth highlighting. Bruce

Correct, and worth highlighting.

Bruce
Forum: General Actuarial 10-08-2014, 05:49 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Anyone dumb enough to pursue FSA-GI rather than...

Anyone dumb enough to pursue FSA-GI rather than FCAS is also too dumb to sue anybody.

Bruce
Forum: General Actuarial 10-04-2014, 01:10 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
I've always believed that the "international"...

I've always believed that the "international" focus is overdone, to say the least. When I was on the SOA Board, 2001-10, we heard constantly how important it was to grow internationally, especially...
Forum: General Actuarial 10-03-2014, 03:09 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
I assume that you are referring to Mark...

I assume that you are referring to Mark Freedman's letter, which came from the SOA, and not Tom Terry's letter, which came from the AAA. Presidents of actuarial organizations send out all kinds of...
Forum: General Actuarial 10-03-2014, 02:46 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Sure! Bruce

Sure!

Bruce
Forum: General Actuarial 10-03-2014, 02:33 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
You are correct. So is Tom Terry. Bruce

You are correct. So is Tom Terry.

Bruce
Forum: General Actuarial 09-28-2014, 08:41 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
As far as I can tell, Arlie, you've got all the...

As far as I can tell, Arlie, you've got all the facts right. The number of "free" FSAs given to people who already had the FCAS is at least double, maybe triple, the number of people taking the SOA's...
Forum: General Actuarial 07-15-2014, 09:47 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
First of all, secondlife is a classic troll....

First of all, secondlife is a classic troll. Maybe you don't know that. But whatever the SOA does is just fine with him -- or he pretends that it is. Responding to him will not be productive,...
Forum: General Actuarial 07-15-2014, 06:52 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Who says that NAIC will recognize FSA-GI? It...

Who says that NAIC will recognize FSA-GI? It hasn't happened yet.

Bruce
Forum: General Actuarial 07-14-2014, 12:33 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Yes, the piece of paper says just "FSA" on it,...

Yes, the piece of paper says just "FSA" on it, but employers (and potential employers) will know (or ask) what specialty track was completed. This does matter.

Bruce
Forum: General Actuarial 07-14-2014, 12:23 PM
Replies: 1,199
Views: 286,340
Posted By bdschobel
As soon as FSA-GI is announced to be a closed...

As soon as FSA-GI is announced to be a closed group, its credibility in the labor market will disappear (assuming it has any right now). Why would anybody choose to continue down that road -- to a...
Forum: General Actuarial 07-14-2014, 11:30 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Clearly, SOA is not a university. Bruce

Clearly, SOA is not a university.

Bruce
Forum: General Actuarial 07-14-2014, 11:11 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Realistically, the SOA could -- and undoubtedly...

Realistically, the SOA could -- and undoubtedly would -- say that passing the exams is an end unto itself. In other words, you passed certain exams and can tell employers (and potential employers)...
Forum: General Actuarial 07-14-2014, 10:28 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
The CAS would be insane to bail out the SOA. The...

The CAS would be insane to bail out the SOA. The people who took the SOA-GI exams just made a very bad decision. And they could have known it in advance. Actuaries are supposed to be able to evaluate...
Forum: General Actuarial 07-14-2014, 10:10 AM
Replies: 1,199
Views: 286,340
Posted By bdschobel
Very good question. The SOA, awash in money,...

Very good question. The SOA, awash in money, seems to be especially slow to recognize mistakes and correct them.

Bruce
Showing results 1 to 22 of 22

 

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