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  #21  
Old 06-18-2018, 05:24 PM
FlyingFruitSticker FlyingFruitSticker is offline
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Originally Posted by ronaldy27 View Post
Speaking of promotion, let's say you want to double up on exams.
Would companies normally be okay with this?
They might respect your ambition/determination but there's a chance all that studying might get in the way of you being productive with work.
Also the company has to deal with 2x exam expenses.
My company's stance

1) Company Pays for 1 Exam. Reimburses for 2nd exam
2) Study Hours for 1 Exam only (Greater of 2)
3) Better Pass Both Exams . If you are sitting for two it's expected you pass both otherwise sit for 1.
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  #22  
Old 06-19-2018, 07:47 AM
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Large companies usually have structured HR policies about what is needed to get promoted from Analyst1 to Analyst2. Example, achieving the ASA title and reaching 2 years experience gets you Analyst2.
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  #23  
Old 06-19-2018, 08:58 AM
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Large companies usually have structured HR policies about what is needed to get promoted from Analyst1 to Analyst2. Example, achieving the ASA title and reaching 2 years experience gets you Analyst2.
Not sure about that. For one thing ASA+2yrs is an odd combination to base a title on, but if you've really scoured job postings, sometimes the minimum requirements are quite low. I've seen Sr. Analyst require 1 year. I've also seen entry level require 1 year.

In my four major health employers this was never the case, automatic promotions.
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  #24  
Old 06-19-2018, 09:07 AM
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I was told flat out at my first employer (Fortune 20 company) that salary cannot increase over 10% in a year.
Annoying nitpick: Do you mean one of the top 20 companies on the F500? Because there's no such thing as a "Fortune 20" . Everybody knows what you mean, so maybe I should post this in the "Things that annoy you more than they should" thread.

Also, this is almost certainly not true. That a company of that size would have nobody's salary go up by more than 10% is absurd. They may have a policy against it, but there are exceptions. Your manager may not have the political capital necessary to get an exception made, so maybe it's true from his perspective, but it's not true generally.

Of course, if your manager can't get an exception made, then as far as you're concerned, that is the policy. Just saying it's not really the policy, for real.


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Originally Posted by mathmajor View Post
In my four major health employers this was never the case, automatic promotions.
This is something that I've seen in a number of big companies, but I think it's usually for title promotions, not necessarily tied to responsibilities, and not to big comp changes either IME.
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  #25  
Old 06-19-2018, 09:12 AM
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Annoying nitpick: Do you mean one of the top 20 companies on the F500? Because there's no such thing as a "Fortune 20" . Everybody knows what you mean, so maybe I should post this in the "Things that annoy you more than they should" thread.
It's so nice and short to write it like that.
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  #26  
Old 06-19-2018, 09:21 AM
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Like Dickens, being paid by the word.
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  #27  
Old 06-19-2018, 12:04 PM
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depends on the company

You should probably ask your chief actuary or another senior person how it gets done.
Opportunities for advancement and maybe having them give some examples of those would be a good closing interview question imo.
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  #28  
Old 06-19-2018, 02:17 PM
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I've been promoted for four reasons that I had any control over:

1. Company had a formal progression path pre-fellowship. (Basically the same jobs with "extensive," "minimal", and "little" supervision.) I asked my boss what I needed to do to get the next step. He gave me some things to do. A year or so later, I got it.
2. Getting ACAS and FCAS.
3. Changing employers.
4. Applying for a different job in the same company when it came open.

I got one more "promotion" which was mostly a title change due to a department restructuring, but it did move me up in the "title hierarchy" which I discovered makes a difference.
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  #29  
Old 06-19-2018, 02:25 PM
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Like Dickens, being paid by the word.
blurst of times
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Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
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  #30  
Old 06-19-2018, 02:32 PM
zenkei18 zenkei18 is offline
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Originally Posted by Kalani Sitake View Post
I've been promoted for four reasons that I had any control over:

1. Company had a formal progression path pre-fellowship. (Basically the same jobs with "extensive," "minimal", and "little" supervision.) I asked my boss what I needed to do to get the next step. He gave me some things to do. A year or so later, I got it.
2. Getting ACAS and FCAS.
3. Changing employers.
4. Applying for a different job in the same company when it came open.

I got one more "promotion" which was mostly a title change due to a department restructuring, but it did move me up in the "title hierarchy" which I discovered makes a difference.
Yikes.
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