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  #41  
Old 05-03-2019, 04:21 PM
itGetsBetter itGetsBetter is offline
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Originally Posted by AbedNadir View Post
Casual Fellow too?
Unfortunately, Casual Fellow hasn't come out with Exam 8 or 9 materials.
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  #42  
Old 05-03-2019, 04:24 PM
itGetsBetter itGetsBetter is offline
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Originally Posted by FiberNerd View Post
I'm getting back into this - my short break after associateship is now almost 3 years, so...

For those that use both TIA and the Rising Fellow cookbook, do you wait to use the cookbook until after your first pass with a seminar, or use it section by section along with the TIA?
I used the cookbook in conjunction with problems. So, if you do source, TIA, notes, and problems for a section before moving onto the next section, I would work through the cookbook section in between notes and problems. But if you split the problems off into their own pass through the material after you have read the source, watched TIA, and taken notes, I would save the cookbook for that pass.
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  #43  
Old 05-03-2019, 04:26 PM
itGetsBetter itGetsBetter is offline
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Originally Posted by BayesDeep View Post
would you recommend the path (Spring 19 Exam 5 -> Fall 19 Exam 8)
or would you just go with (Spring 19 Exam 5 -> Fall 19 Exam 6)?


tl;dr:

Are Exams 6 & 7 preliminary or super helpful to know for Exam 8?

Just took Exam 5, and I'm thinking of taking a shot at Exam 8 in the Fall since it's also Ratemaking and only offered annually (so by Fall 2020 and two sittings later, not sure how much ratemaking I'll remember from Exam 5).

Is the gap between ACAS-FCAS exam difficulty as wide as the gap between Prelims-ACAS exams?

Seems like we really want to take as many FCAS sittings as possible since people get stuck on their last annual exam for 3+ years.
Just get your ACAS.
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  #44  
Old 05-03-2019, 04:28 PM
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Vorian Atreides Vorian Atreides is offline
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Originally Posted by BayesDeep View Post
again, assuming 100% pass rate makes all of this irrelevant. What % of people do you think have 100% pass rate?
I've known several people get through CAS Exams with first time pass.

Two who did two in one sitting and pass both.

If you're looking at applying minimum effort to get final results, then there is nothing the AO can tell you since no one here knows exactly what minimum effort *you* need to apply to get a pass.
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  #45  
Old 05-03-2019, 04:31 PM
BayesDeep BayesDeep is offline
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Originally Posted by KS6392 View Post
Why even have an ACAS credential if it adds no value? FCAS>ACAS>>>NoCred imo
obviously I agree with the inequality. I'm saying:

FCAS > SUM(scheduled FCAS raises) > SUM(scheduled ACAS raises)=ACAS >>> NoCred imo
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  #46  
Old 05-03-2019, 04:43 PM
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Originally Posted by BayesDeep View Post
SUM(scheduled ACAS raises)=ACAS
I think this is the piece people would challenge
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  #47  
Old 05-03-2019, 08:16 PM
BayesDeep BayesDeep is offline
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How much E[PV] do you think a typical student leaves on the table by being {ACAS-6} (all requirements short of 6) and sitting for 8 before 6 for one sitting? Do you think it’s:

= 1 year of Exam Raise + 1 year of ACAS Conferral Raise?
= much more than above?
= depends if P(passing 6 on first try) > P(passing 8 on 1st try sans ACAS)
Or something different?


Quote:
Originally Posted by NormalDan View Post
I think this is the piece people would challenge
Makes sense, I don’t have any basis for that assumption.

Would you say ACAS > {ACAS-6} >>> NoCred?
, or more like: ACAS >>> {ACAS-6} >>> NoCred?

Last edited by BayesDeep; 05-03-2019 at 10:02 PM..
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  #48  
Old 05-03-2019, 10:42 PM
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AbedNadir AbedNadir is online now
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Originally Posted by BayesDeep View Post
How much E[PV] do you think a typical student leaves on the table by being {ACAS-6} (all requirements short of 6) and sitting for 8 before 6 for one sitting? Do you think itís:

= 1 year of Exam Raise + 1 year of ACAS Conferral Raise?
= much more than above?
= depends if P(passing 6 on first try) > P(passing 8 on 1st try sans ACAS)
Or something different?




Makes sense, I donít have any basis for that assumption.

Would you say ACAS > {ACAS-6} >>> NoCred?
, or more like: ACAS >>> {ACAS-6} >>> NoCred?
probably feels like ACAS >>> {ACAS-6} >>> NoCred to the people who failed 6 enough to give up
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  #49  
Old 05-04-2019, 06:55 AM
Wolfshirts Wolfshirts is offline
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Originally Posted by BayesDeep View Post
Because I think FCAS has significantly more upside than merely the sum of the raises, whereas ACAS is mostly worth just sum of its raises IMO; so it's worth minimizing net FCAS travel time at the expense of delaying ACAS even 1yr.



Assuming perfect travel time, in which case the order mostly doesn't matter. How about the more realistic possibility:

A: Fall '19 6 fail > now you're doing 0 ratemaking for at least 1yr until Exam 8.

B: Fall '19 8 fail > Spring '20 6 > Fall '20 Exam 8 attempt 2

I think on November 2020, Person B will have significant advantage over Person A in expected travel time. The question is how much hazing is B putting themselves through to gain this edge?
Say you pass 8 in the fall and 7 next spring. If you fail 6 the following fall are you really going to take 9 in the spring and wait until the next fall again to take 6 to maximize travel time or are you going to retake 6 in the spring while it's still fresher in your mind? Exam 6 isn't one of those exams where you want to feel like you're starting from scratch... just sayin.

Just take 6 first and get your ACAS. After you pass 6 you no longer have to wait until you get your pass results to know which exam you have to study for next. It's kind of a relief.

Either way it kind of seems like you have your mind made up that taking 8 first is the better approach since every other person on here is saying take 6 first, but you're still arguing for taking 8 first, so do whatever you want.
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  #50  
Old 05-04-2019, 12:36 PM
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Let me make this easier:

ACAS > no credential, which means
ACAS > 8 exams completed, but 6-X isn't one of those 8

If you happen to decide you want to go job hunting, saying "I've got credit for a bunch of exams, but no credential to show for it all" doesn't get you as far a "I'm an ACAS and I've got 7-9 to go for FCAS." I don't look through jobs listed around teh interwebs and see very much "I'm looking for someone who's got 7 exams." I see "must be ACAS." I see "ACAS desired, FCAS preferred." Having 1-5 and 7-9 may feel satisfying for whatever reason, but when push comes to shove and the question is "what credential do you have for all of that?" your answer will always have to be "none."

If for some reason you hit a point that you say for whatever reason, "I'm done with exams" 1-6 lets you fall back on ACAS. 1-5 + 8 lets you fall back on nothing. Fair or not, letters are better than no letters. Letters say "I've achieved something that's identifiable" even if it's less progress toward the final goal than some other subset of completed exams that doesn't award any letters.

Don't worry about doing 8 after 5. Knock out 6, get your ACAS, then go worry about 8.
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