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  #61  
Old 06-06-2007, 10:25 PM
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passing the exams as fast as you can, is good in some ppls' eyes but in my eyes its not that good.

so i tried writing 3 exams in less than 1 yr starting age 19. Exam MLC didn't go too well, i probably failed for sure, it was a tough exam. I've passed Exam P and Exam FM at age 19, now im 20. So, but what i realized is, man life sucks if you constantly studying non-stop for these exams.

Now i just want to enjoy my life a bit, and maybe write 1 exam a yr, or at least maybe hopefully finish exam M and exam C by the time i graduate. Im heading into my 4th yr. Im gona study a bit for exam M in the summer and hopefully pass it in November and then exam C in May. Then man.. gona go so slowly.

So let's talk about what age we should attain FSA by? or CERA? seems like the market where im from prefers FSAs that specialize in retirement or consulting. So since im 20 with 2 exams, should i aim for 26-28 or age 30 by the time for a FSA? I really want to have a non-hectic life, where i can enjoy other hobbies. Where i can study at my own pace, study at a relaxing pace while working.
this is really up to you. yes, while studying a lot while you're 20 stinks because you miss college stuff, studying at 24 stinks because you miss stuff there too. i studied in college and it kinda sucked. i finished my college finals and instead of celebrating with friends i had to study for my stupid life con exam. of course, when i was 23 i had to give up going out with friends, trips with family/friends, or i had to haul a few books with me when i went. you're always going to be giving something up, no matter when you take these. you've got to weigh the options and decide what you want. more free time now, or later?

i assume you're not female, but females have another consideration. most would like to be done with exam before they'd have a kid. if she's thinking about having a kid at 25, that doesn't mean much time. going with you being a guy, you might meet some great girl when you're 22 and decide you want to get married and have a kid, might be nice to have those exams over so your wife doesn't beat you senseless when you leave her with a crying baby while you study. (if you are a girl, just flip this around and you'll be fine. and i'm sorry for misguessing your gender )

also, it sounds like you've got some momentum, might be good to take advantage of it and keep moving along. of course taking exams on your own is expensive, so that might be a good reason to take a break.

and of course, the longer you wait the less certain you can be about what you'll have to do in the future because of conversions that could possibly occur.

in other words there's lots to consider here. but i just want to recommend that you don't choose to put off taking exams only because you're missing some college life. at least take into consideration time with friends, etc that you'd be giving up after college when you're taking your exams longer because of your break. you have to think about the pros and cons and make your own decision. of course you could cut back to just trying 1 exam per sitting, 2 at most per year!

for me, i wanted to be done with exams as soon as possible. passing results for my last exam were my 24th birthday present (only 10 days off) and it was the most unbelieveable feeling ever to feel free from studying long hours months at time. now i have more time to spend with friends, and to concentrate on advancing at work. i'm happy with my decision. hopefully i've given you some things to think about and whichever way you go, i hope you end up being happy with your decision too good luck!

wow, i didn't mean to type so much when i started
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  #62  
Old 06-06-2007, 10:54 PM
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haha that actually sounds pretty good, but i know that the 1st two exams are nothing compared to the other exams. I guess I just need to push myself, i guess if you do finish at a young age , you can enjoy your life later. haha i should aim for 25-26 now. thanks. I know those fellow exams require twice amount of time to study than that of the qualifying exams.
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  #63  
Old 02-08-2008, 12:44 AM
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can those of you guys who finished the exams really early tell me how much you were earning when you started with no experience and many exams?
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  #64  
Old 02-08-2008, 07:48 AM
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Salary figures from the 1970s would be difficult to interpret 30-some years later. I graduated from college at 21 with 3 exams. I became an FSA at 24, and my salary was a little more than double what it was when I started.

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  #65  
Old 02-08-2008, 09:27 AM
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A more recent comparison, though I didn't finish the process young, I did do it in a 5-year period. As with Bruce, my initial FSA salary is a little over twice my starting salary (and I started with 2 exams).
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  #66  
Old 02-08-2008, 09:43 AM
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I only had one exam when I graduated.

In my defense, I went to a school that didn't have an actuarial science program.
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  #67  
Old 02-08-2008, 11:20 AM
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FSA took 12 years, quintupled my salary.
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  #68  
Old 02-08-2008, 11:44 AM
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Originally Posted by SamTheEagle View Post
I only had one exam when I graduated.

In my defense, I went to a school that didn't have an actuarial science program.
I had zero exams, but my excuse is that I'm a career changer.

I still had zero exams when I started as an actuarial trainee, but in that place and time, there weren't any actuarial science programs, so there wasn't much competition.
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  #69  
Old 02-08-2008, 11:45 AM
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On May 11, the oldest was 49.
Cool, I'm shooting for 41.
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  #70  
Old 02-08-2008, 11:56 AM
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The record is 69.

Bruce
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