Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > General Actuarial
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Bengaluru - Chennai - Hyderabad - Pune
Actuarial Jobs in India
New Delhi - Mumbai - Gurgaon


General Actuarial Non-Specific Actuarial Topics - Before posting a thread, please browse over our other sections to see if there is a better fit, such as Careers - Employment, Actuarial Science Universities Forum or any of our other 100+ forums.

Reply
 
Thread Tools Display Modes
  #11  
Old 05-05-2012, 11:43 AM
ADoubleDot's Avatar
ADoubleDot ADoubleDot is offline
Member
 
Join Date: Nov 2007
Location: Slightly Dusty South
Studying for the rest of my life
Posts: 37,022
Default

Quote:
Originally Posted by Whiskey View Post
true. I am curious about the demand for such a credential though.
__________________
ADoubleDot: I'm an actuarial icon.

**** Juan.
Reply With Quote
  #12  
Old 05-06-2012, 02:58 PM
Unpredictable Unpredictable is offline
Member
SOA
 
Join Date: Feb 2012
Location: land of make believe
College: uneducated
Favorite beer: kool-aid
Posts: 198
Exclamation It depends on what you want and whether you are only interested in credentials

A thread for those thinking of leaving the CAS, due to recent pass rates is not named properly. The question asked by the only person who seems to be thinking along these lines is about an actuarial student leaving the CAS exam process. It is not about CAS credentialed actuaries leaving the CAS. I don't see this happening.

Rephrased this way, this is a very good question. The exam process is not for everybody. Some can take it, others can do an easier version of the same process, and many are not suited to it at all.

One Nobel Prize laureate chose economics over actuarial exams. For him it was the right choice. To be fair, the exams were not the main reason he decided to become an economist and not an actuary. He probably would have passed the exams very easily.

This is similar to chosing whether to get a BS, MS or PhD.

A better comparison can be a choice between getting a PhD from a top school and from a state school. It's generally much easier to get a PhD from a state school. It's still a PhD. A person with a PhD from a state school can be much better than a PhD from MIT. (CAS is no MIT and SOA is not Podunk College. The difference is much smaller. Twenty five years ago, before I took my first SOA-specific exam, there was little difference between the SOA and CAS.) Even a person with no PhD and no university education ca be better.

It's a choice. There is no shame in not going for the credentials most difficult to get. There is no shame in not going after any credentials. There is no right or wrong choice here. Good luck in making the choice right for you.
Reply With Quote
  #13  
Old 05-07-2012, 02:44 PM
Floridiot Floridiot is offline
Member
 
Join Date: Jun 2004
Posts: 82
Default

Quote:
Originally Posted by ADoubleDot View Post
Some recent conversations I've had with CAS friends has led me to believe there are a number of people who would skip the impossiblility that the FCAS has become and jump on a SOA option when one becomes available. If 50% or more of the workforce becomes FSA-GI, will employers be forced to start hiring them?
As far as I can tell, there are a lot more candidates for P&C jobs than there are jobs to go around. Heck, PhD's are pestering me for unpaid internships just so they can get a foot in the door. Given the level of competition for jobs, do you really think that a hiring manager who is ACAS/FCAS is going to value the SOA track over the many other candidates who go the CAS route? It's possible. However, my thinking is that the proportion of students who switch isn't as important as the ratio of CAS candidates to jobs. If an enormous proportion of otherwise qualified job candidates go the SOA route, maybe the hiring FCAS will have her hand forced. But if not, going the SOA route only improves the CAS candidate's odds of landing the job.
Reply With Quote
  #14  
Old 05-07-2012, 04:24 PM
whizbang whizbang is offline
 
Join Date: Aug 2008
Studying for FETE
Favorite beer: Old Rasputin
Posts: 19
Default

I think if we take a longer view things are more muddled. The rise of big data and cat modelling I think pose a bigger risk to actuaries in P&C than this tiff between the CAS and SOA.

That being said I work in a non-trad area so my employer doesn't care which track I follow. I decided to get the ASA and go back for an MS in applied math while these guys figure it out. If I need to pick up the CAS side later then so be it. Honestly, though I doubt either side will come out ahead.
__________________
P FM MFE MLC C IA
Reply With Quote
  #15  
Old 05-07-2012, 05:05 PM
tude tude is offline
Member
CAS
 
Join Date: Dec 2011
Location: Oz
Posts: 2,177
Default

Quote:
Originally Posted by Wigmeister General View Post
Why not ask the real question - how relevant are actuaries to begin with?


Exactly.
This is actually a very relevant question.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 01:29 AM.


Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.21345 seconds with 9 queries