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#1
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Hi,
I just sat for MFE and I was trying to figure out which exam to try next. Since Exam C includes additional topics from Derivatives Markets, I was wondering if it would be better to try for that one next instead of for MLC. Is there anything on C that builds from MLC? Do you think it would be reasonable to try to do C after MFE or do you think sitting for MLC would be better? I know there have been some threads on this, but I didn't see one specifically relating to having done MFE and which way to go after that. Thanks, chekat |
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#2
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The concept of "expected future lifetime" from MLC and "mean excess loss" from C are almost identical, so i will say that MLC and C can build off each other in some respect. Your knowledge of MFE will help a little on the new C in regards to pricing stocks and options.
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#3
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Assuming i passed MLC (praying is prob a better word), what should I take next? I am super busy in the spring, so I have a lot more study time in the fall at work. Because of this, I want to take 4/C this Nov and MFE next May. The only experience I've had with stock/bond pricing is at the NEAS VEE level, so not much. Will I be at a big disadvantage going straight to 4/C w/o any experience in Derivatives Markets?
__________________
"Okay, settle down, prostitutes." |
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#4
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Quote:
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#5
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I just took Exam C, and I had no experience before C in Derivatives Markets. I had no problems learning the material, it is really all based on the lognormal distribution, which you already know, and simulation, another C topic.
__________________
"U.S. (and Canadian) actuarial examinations form the most difficult system of professional examinations that exists in the known universe. The exams are not just hard because they are hard, but they are also hard because they are unreasonable -- you can't see how your test was graded, model solutions posted are not model but so-so, tests are often not published, and there is no clearly defined pass mark. Just '''' it up and do not waste time on complaining. If you are in the top 5% in mathematics skills in the U.S.... you will make it if you work hard.... But you will get the best job there is, bar none." -Dr. Krzysztof Ostaszewski |
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#6
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The stock price model material was only three questions on this exam, so if you knew the rest of the material, you could pass without studying the stock price stuff. There is some basic double decrement application in C. The idea of survival models relates closely to the MLC material. Loss models, estimation, credibility theory, and simulation are all topics that are mostly new for C.
That's just my opininion...I could be wrong. |
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#7
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I wouldn't make my decision based on the stock price material at all... it's a minor part of the syllabus. Basically you have to remember a couple formulas. As far as which exam to take, I agree with GraffixMan... C is much longer, so take C whenever you'll more time to study.
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#8
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cool...thanks everyone....4/C it is! (unless the MLC PAK is WAAYYY off)
__________________
"Okay, settle down, prostitutes." |
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#10
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No, I just did it without a problem.
__________________
"U.S. (and Canadian) actuarial examinations form the most difficult system of professional examinations that exists in the known universe. The exams are not just hard because they are hard, but they are also hard because they are unreasonable -- you can't see how your test was graded, model solutions posted are not model but so-so, tests are often not published, and there is no clearly defined pass mark. Just '''' it up and do not waste time on complaining. If you are in the top 5% in mathematics skills in the U.S.... you will make it if you work hard.... But you will get the best job there is, bar none." -Dr. Krzysztof Ostaszewski |
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