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Old 05-23-2008, 11:44 AM
Devorak Devorak is offline
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Default FCAS & CFA

Barely see this kind of combination, what's the value and market of it? Thank you for any inputs.
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Old 05-23-2008, 11:47 AM
DW Simpson DW Simpson is offline
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Barely see this kind of combination, what's the value and market of it? Thank you for any inputs.
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Old 05-24-2011, 02:31 AM
ajoh321 ajoh321 is offline
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Default FCAS, CFA

I know a couple guys that are FCAS CFA and one guy that is FSA CFA. Pretty monster credentials and serious demand now what with Solvency II and the increased emphasis on ERM. Lot of work but I would guess that FCAS / CFA with 10 years experience would get 150K - 200K. Few years in lead role at mid=size organization could be 200K - 250K. You get to run the show with these credentials - entry level position if you have some real experience (not just technician) is VP level to start.
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Old 06-21-2011, 06:59 AM
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I know a couple guys that are FCAS CFA and one guy that is FSA CFA. Pretty monster credentials and serious demand now what with Solvency II and the increased emphasis on ERM. Lot of work but I would guess that FCAS / CFA with 10 years experience would get 150K - 200K. Few years in lead role at mid=size organization could be 200K - 250K. You get to run the show with these credentials - entry level position if you have some real experience (not just technician) is VP level to start.
When you say FCAS/CFA do you mean CFA I, II, or III?

And at OP, I actually saw a P/C investment job listing for Fellows a few days ago that said ideal candidate would have MBA and CFA.
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Old 06-21-2011, 08:24 AM
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When you say FCAS/CFA do you mean CFA I, II, or III?
There are three CFA exams, Level I, Level II, and Level III. If someone says they're a "CFA Level II," that means they're sitting for the level II exam, but haven't passed it.

You can't get your designation without having passed all three, so ajoh321 was referring to someone with the full designation.
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Old 06-25-2011, 12:02 AM
Kabaka Kabaka is offline
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Just to be technical (and the ethics portion of the exam is VERY technical) but if someone says they are "CFA Level II" they're in breach of the standards. Someone who has passed 2 exams is a level III candidate. That's it. No "CFA {insert qualifier}".
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Old 10-24-2012, 03:17 PM
ankitnanda121 ankitnanda121 is offline
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I agree, there is nothing like CFA Level 2.
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Old 10-24-2012, 03:18 PM
ankitnanda121 ankitnanda121 is offline
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I'm contemplating finishing my CFA (passed Level 1) along with my present project to pursue the FCAS. These are long term goals, but once you get into the nack of giving (and hopefully passing) the exams, it gets easier.
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Old 04-07-2013, 12:16 AM
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In general, I don't believe traditional P&C actuarial work will meet the work experience requirement for the CFA. However, that may have changed in recent years. Having the exams passed without the work experience is of limited value - though not having appropriate work experience is always of limited value.
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