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View Poll Results: Do you find the exam process fun or just something you reluctantly have to do?
It's fun. 23 29.49%
Reluctantly doing it. 44 56.41%
Other 11 14.10%
Voters: 78. You may not vote on this poll

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  #1  
Old 01-08-2017, 03:42 AM
R3d Anonymous R3d Anonymous is offline
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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?
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Old 01-08-2017, 03:58 AM
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no
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Old 01-08-2017, 09:35 AM
Bobby Stoker Bobby Stoker is offline
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whoever said there's no such thing as a dumb question was clearly wrong
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Old 01-08-2017, 11:30 AM
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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
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Old 01-08-2017, 11:36 AM
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I've been finished with exams for quite some time now
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Old 01-08-2017, 11:42 AM
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nah just busted the nut quickly imo
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Old 01-08-2017, 11:56 AM
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lol
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Old 01-08-2017, 12:57 PM
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Colonel Smoothie Colonel Smoothie is offline
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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.
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Old 01-08-2017, 01:14 PM
R3d Anonymous R3d Anonymous is offline
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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?
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Old 01-08-2017, 02:04 PM
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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.
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