Salary Increase for Obtaining a CERA?

[Big ole nasty fish]

Does anyone's company offer a raise if you obtain a CERA? We are trying to determine if we should include this in our student program.

[notreallyme]

Originally Posted by Big ole nasty fish

Does anyone's company offer a raise if you obtain a CERA? We are trying to determine if we should include this in our student program.

I did not get a raise when getting CERA, then again I was already an FCAS.

[pete5383]

The guy who's in charge of our actuarial program told me "You get more letters after your name, a pat on the back, and a hearty 'at-a-boy'. No money though."

[The Gamblor]

@ CERA

[mlschop]

Originally Posted by The Gamblor

@ CERA

[tommie frazier]

if the person is already credentialed somehow, I expect they get...nearly nothing. at most like 2k. maybe even 0.

if the person is not yet credentialed, the person would get whatever the usual bump in pay is for non-credentialed to ASA/ACAS.

[Avi]

It depends. Where I work, the decision was made not to include it for now, as it isn't "required" yet, and to decide on support on a case-by-case basis. The thought is that those actuaries who will be focusing more on ERM, capital models, etc. may be required, or strongly suggested, to achieve the designation in the future, in which case it may be explicitly rolled into the official actuarial student program.

[JMO]

I just tried to look at the New York Life actuarial program and got an error. Is it still online? Does anyone have a link?

As to thread topic, I think some companies are giving a one-time bonus for CERA.

[campbell]

Originally Posted by JMO

I just tried to look at the New York Life actuarial program and got an error. Is it still online? Does anyone have a link?

As to thread topic, I think some companies are giving a one-time bonus for CERA.

http://www.newyorklife.com/actuarial

[JMO]

Originally Posted by campbell

http://www.newyorklife.com/actuarial

Thanks. It looks like they don't mention CERA at all.