The Exam M split

[Wooducke]

So now that Exam M has split into MFE and MLC, how are people being compensated by their companies for passing one or the other?

My company has pretended that there has been no split and gives you a raise only after you have passed both. Are other people experiencing this?

Are you getting more study time now or is it the same as it was before the exam M split?

[GuineaPig]

Originally Posted by Wooducke

So now that Exam M has split into MFE and MLC, how are people being compensated by their companies for passing one or the other?

My company has pretended that there has been no split and gives you a raise only after you have passed both. Are other people experiencing this?

Are you getting more study time now or is it the same as it was before the exam M split?

I thought I read someone saying their compnay does all their exam bonuses by hr of exam and just continue to do it that way. Sorry no

[PSU2002]

I'm past this stage but my company basically redid its recompensation structure once 3 split. It treats both pieces as seperate exams for study time and compensation purposes. It also moved money from FAP to the split exam 3 sighting the pass mark of FAP1 as their reasoning.

[twig93]

We treat it as two completely unrelated exams (which is basically true) and each has it's own raise associated with it (we don't get bonuses for exams, just designations).

The raise for the MLC and MFE is higher than when it was just M, but considerably less than, say, M and C. Seems pretty reasonable to me.

[Wooducke]

Originally Posted by PSU2002

I'm past this stage but my company basically redid its recompensation structure once 3 split. It treats both pieces as seperate exams for study time and compensation purposes. It also moved money from FAP to the split exam 3 sighting the pass mark of FAP1 as their reasoning.

That sucks they just took money from one exam and placed it on another. So the FAP1 is pretty easy huh?

[Bühlmann]

Originally Posted by twig93

We treat it as two completely unrelated exams (which is basically true) and each has it's own raise associated with it (we don't get bonuses for exams, just designations).

The raise for the MLC and MFE is higher than when it was just M, but considerably less than, say, M and C. Seems pretty reasonable to me.

Ditto at my company. And I agree with this move.

[PSU2002]

Originally Posted by Wooducke

That sucks they just took money from one exam and placed it on another. So the FAP1 is pretty easy huh?

Easy? It has a high pass percent. Lets put it that way. The questions can be tricky, there is lots of reading, and you will second guess most of your answers since it is very subjective but presented objectively.

Basically they started out awarding 3000 for FAP1 and 1500 for FAP2 and switched it to 2500 total after all is complete. They moved 1000 back to compensate for the new exam 3 split and 1000 forward to DP and CSP.

They are planning on giving 3500 for FAP to those who passed 3 before the split so that they won't lose out on the extra 1000.

[twig93]

That's an interesting concept. It's not like FAP1 is going to be any more/less work depending on whether you did MLC/MFE or just M. And MLC/MFE is certainly more work than M... So that seems very odd to me.

Here's there's no attempt to ensure that students don't come out ahead or behind on the transitions. For example, I came out ahead on the VEE's - when 2005 hit I was working on Exam C. The Exam C raise was the same as the Course 4 raise (both 4 hour exams) - actually a little higher because they sort of did an "inflation increase" on all the exams when they came out with the new program. In addition, I got a separate raise for the VEE Stats. But of course I didn't get the MLC/MFE raises - my Course 3 raise was lower.

So I basically feel like I came out about the same, but it easily could happen that people came out ahead or behind. Them's the breaks.

[PSU2002]

I guess the idea was that when they originally set the FAP1 and FAP2 raises they had no idea what passing rates were going to be like(despite the SOA saying they expected it to be high) and set the raises equivalent to what they were replacing.

Then when there were some actual results to base a decision on they changed things again. My company has been very careful throughout this whole transition to make sure total raises throughout the exam process were maintained constant (actually increased with an addition of 1500 for VEE, those who already had credit were SOL on this one)

[bdschobel]

Linking raises to passing percentages is the height of absurdity. Exam raises should be linked to acquisition of knowledge and skills. If you learned the material, you should get a raise appropriate with having that knowledge. The fact that lots of other people learned it too should be irrelevant.

Should we lower the passing percentages so that raises go up? Boy, is this stupid!

Bruce