Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > General Actuarial
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


General Actuarial Non-Specific Actuarial Topics - Before posting a thread, please browse over our other sections to see if there is a better fit, such as Careers - Employment, Actuarial Science Universities Forum or any of our other 100+ forums.

View Poll Results: Do you find the exam process fun or just something you reluctantly have to do?
It's fun. 25 30.12%
Reluctantly doing it. 47 56.63%
Other 11 13.25%
Voters: 83. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #1  
Old 01-08-2017, 03:42 AM
R3d Anonymous R3d Anonymous is offline
Member
CAS SOA
 
Join Date: Jul 2016
Posts: 133
Default Do you enjoy the exam process?

Probably too early for me to have a significant opinion on this, but I find the whole exam process fun. The material is cool and interesting, it's fun to solve these problems, there's the joy of passing exams, and I personally feel like it's a nice escape from life. That said, I do want to finish exams ASAP for various reasons.

Do you guys enjoy it or are you just reluctantly going through with it?
Reply With Quote
  #2  
Old 01-08-2017, 03:58 AM
redearedslider's Avatar
redearedslider redearedslider is online now
Member
CAS
 
Join Date: Oct 2015
Posts: 12,000
Default

no
__________________
Quote:
Originally Posted by Abraham Weishaus View Post
ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
Reply With Quote
  #3  
Old 01-08-2017, 09:35 AM
Bobby Stoker Bobby Stoker is offline
Member
Non-Actuary
 
Join Date: Mar 2015
Posts: 3,878
Default

whoever said there's no such thing as a dumb question was clearly wrong
Reply With Quote
  #4  
Old 01-08-2017, 11:30 AM
win diesel's Avatar
win diesel win diesel is offline
Member
SOA
 
Join Date: Nov 2002
Location: Some 500 FPP Step1
Favorite beer: lol beer ... ketel1 please....k thks
Posts: 50,650
Default

I've been finished with exams for quite some time now but I really enjoyed it at the time.

It was essentially 6-8 weeks of additional vacation time each year and then you would get automatic raises and bonuses. What's not to like it? imo
Reply With Quote
  #5  
Old 01-08-2017, 11:36 AM
Abelian Grape's Avatar
Abelian Grape Abelian Grape is offline
Meme-ber                         Meme-ber
CAS
 
Join Date: Jul 2014
Posts: 38,412
Default

Quote:
Originally Posted by win diesel View Post
I've been finished with exams for quite some time now
Reply With Quote
  #6  
Old 01-08-2017, 11:42 AM
win diesel's Avatar
win diesel win diesel is offline
Member
SOA
 
Join Date: Nov 2002
Location: Some 500 FPP Step1
Favorite beer: lol beer ... ketel1 please....k thks
Posts: 50,650
Default

Quote:
Originally Posted by Abelian Grape View Post
nah just busted the nut quickly imo
Reply With Quote
  #7  
Old 01-08-2017, 11:56 AM
Abelian Grape's Avatar
Abelian Grape Abelian Grape is offline
Meme-ber                         Meme-ber
CAS
 
Join Date: Jul 2014
Posts: 38,412
Default

lol
Reply With Quote
  #8  
Old 01-08-2017, 12:57 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 45,221
Default

I think there are some good and bad things about it. Win D clearly laid out a lot of the good parts about it. When it's 30 degrees below freezing I sure am glad I can spend it at home reading a book and doing math problems than braving the commute to work.

I think the material is mostly interesting, but there's definitely a lot of outdated/impractical material on the syllabus that I think is inappropriate to use criteria for being a qualified actuary. They can sometimes be stressful, too.
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
Reply With Quote
  #9  
Old 01-08-2017, 01:14 PM
R3d Anonymous R3d Anonymous is offline
Member
CAS SOA
 
Join Date: Jul 2016
Posts: 133
Default

Quote:
Originally Posted by Colonel Smoothie View Post
I think the material is mostly interesting, but there's definitely a lot of outdated/impractical material on the syllabus that I think is inappropriate to use criteria for being a qualified actuary.
I've heard someone else say that the insurance concepts taught in upper-level exams are "outdated", as well. How so?
Reply With Quote
  #10  
Old 01-08-2017, 02:04 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 45,221
Default

Quote:
Originally Posted by R3d Anonymous View Post
I've heard someone else say that the insurance concepts taught in upper-level exams are "outdated", as well. How so?
As an example, P&C actuaries have to estimate ultimate liabilities by picking development factors. which is usually a judgmental process (guesswork). No quantitative relationship between the underlying causes of loss to the ultimate liabilities is established. To top that off, a very bureaucratic regulatory framework has developed around that unscientific process, which is something that actuaries also spend an entire exam on. So you 1) spend an entire exam learning outdated methodology and 2) spend another entire exam studying the bureaucracy that governs that outdated methodology.
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.

Last edited by Colonel Smoothie; 01-08-2017 at 02:07 PM..
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 02:16 AM.


Powered by vBulletin®
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.32733 seconds with 10 queries