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  #71  
Old 07-14-2015, 11:01 AM
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The Ph.D. comparison has been acknowledged to be inappropriate forever: to get a Ph.D., one must do original work
I keep thinking of the person who claimed to have a PhD, ABD. So in those terms, we should just say it's equivalent to a PhD, ALL BUT DISSERTATION.
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  #72  
Old 07-14-2015, 11:07 AM
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So actuaries could have prevented the financial meltdown.
...
um
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Just like they prevented the pension crisis?
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  #73  
Old 07-14-2015, 11:48 AM
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Hey guys could anyone maybe use this thread to try and puff up their already over-inflated sense of self-worth?
I would say there is a higher % of actuaries who could perform at a high level in other fields than there are people in other fields who could perform at a high level in Actuarial Science. At some point, we DO have SOME worth.
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Old 07-14-2015, 11:50 AM
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So actuaries could have prevented the financial meltdown.
...
um
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Just like they prevented the pension crisis?
We could have prevented Global Warming with accurate CO2 / Resource Risk Reserving but nooooooooooooo the Oriental East wants to use the coast as a floating trash can.

EDIT: Can't FSA's prevent hurricanes?
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  #75  
Old 07-14-2015, 11:57 AM
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All my written exam responses were original work
lol
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  #76  
Old 07-14-2015, 11:58 AM
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Just like they prevented the pension crisis?
What, there's a pension crisis?
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  #77  
Old 07-14-2015, 11:58 AM
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The more I read this thread, I lean more towards 'inappropriate'.
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  #78  
Old 07-14-2015, 12:21 PM
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I keep thinking of the person who claimed to have a PhD, ABD. So in those terms, we should just say it's equivalent to a PhD, ALL BUT DISSERTATION.
I used to say PhD program, all but dissertation (don't use the abbreviation for non-academics), but I've dropped that since it's pretty irrelevant.

And no, I wouldn't say FSA = PhD, ABD.

They're just different, okay? I think it's silly to compare an academic degree to a professional credential. They're not going for the same kind of goal.

Yes, I know Europeans love to do this. That doesn't mean we should.
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Old 07-14-2015, 12:26 PM
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I used to say PhD program, all but dissertation (don't use the abbreviation for non-academics), but I've dropped that since it's pretty irrelevant.

And no, I wouldn't say FSA = PhD, ABD.

They're just different, okay? I think it's silly to compare an academic degree to a professional credential. They're not going for the same kind of goal.

Yes, I know Europeans love to do this. That doesn't mean we should.
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Old 07-14-2015, 12:28 PM
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So actuaries could have prevented the financial meltdown.
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um
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Just like they prevented the pension crisis?
Exactly.

The issue wasn't lack of math/risk management skills, per se.

It's the ability/courage to tell everybody to chill out when everyone's partying, and then get people to listen to you.

Given that actuaries are already involved in one area where they may be having trouble doing that, claiming that "Oh yes, we could've prevented that disaster", given that we've got our own we could be dealing with right now.
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