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View Poll Results: Actuarial program changes in the recent years
The program got significantly worse 3 8.33%
The program got slightly worse 12 33.33%
No significant change or net neutral change overall 10 27.78%
The program got slightly better 7 19.44%
The program got significantly better 4 11.11%
Voters: 36. You may not vote on this poll

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  #1  
Old 03-06-2019, 03:56 PM
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bjc2142 bjc2142 is offline
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Default Actuarial program changes in the recent years

I'd be interested in gathering information about how structured actuarial programs in the US have been changing in the industry over last couple years. I think various factors (Insurance industry profitability, oversupply of actuaries, competition from DS, etc) could be driving changes. Please try to be unbiased when making selection.

Examples include:
Increase/decrease in study support ($ or hours)
Increase/decrease in exam raises, salary structure, promotion potential
Change in policy regarding SOA/CAS meeting attendance and conferment ceremony
Layoffs or downsizing in actuarial job function

Please indicate how the change has been overall in the poll, and feel free to add specifics if you feel comfortable doing so.
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Last edited by bjc2142; 03-06-2019 at 04:04 PM..
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  #2  
Old 03-12-2019, 07:21 AM
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Some raises went down, others went up, but in total they went down. Number of attempts allowed went down. Study material allowance went up. Bonuses went up.

In all I voted slightly worse.
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Old 03-12-2019, 12:53 PM
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Quote:
Originally Posted by lllj View Post
Some raises went down, others went up, but in total they went down. Number of attempts allowed went down. Study material allowance went up. Bonuses went up.

In all I voted slightly worse.
Sorry to hear that, but good to know you had some positive changes.

We had decrease in study material $ support, removal of dedicated study/meeting space, negative changes to professional meeting attendance policy, and finally official slowdown in promotion frequency. I don't recall any positive changes in the last couple of years. This is very demoralizing.
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Old 03-13-2019, 11:40 PM
kimjongfun kimjongfun is offline
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our study program hasn't gotten worse but they kind of skimped on the new ASA exam raises and study time.

Also they certainly havent changed exam raises in a very long time and of course inflation erodes those.

They have also decreased the amount of program related activities and more importantly decreased ability to get raises in general
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Old 03-14-2019, 10:15 AM
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They have also decreased the amount of program related activities and more importantly decreased ability to get raises in general
Forgot about this. HR removed majority of program related activities. Nothing really going on in the office these days..
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Old 03-14-2019, 04:22 PM
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Definitely better. Added the 2 exam raises and introduced a first time pass bonus. Didn't change anything about the existing exam increases.
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Old 03-14-2019, 04:32 PM
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No explicit changes but the program was weak to begin with. Of note there's no official support for the CSPA credential.
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Old 03-15-2019, 11:58 AM
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Our only change in the past few years was for the ASA restructuring. Same total raise dollars, but a couple of the exam raises were lessened in order to provide raises for the analytics and stats exams. Study time per exam hour stayed the same.
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