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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 29.11%
Reluctantly doing it. 45 56.96%
Other 11 13.92%
Voters: 79. You may not vote on this poll

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  #11  
Old 01-08-2017, 03:04 PM
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cmoibenlepro cmoibenlepro is offline
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Passing exams is fun.
Studying and writing them, not so much.
Waiting 2 months for the results, even less
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  #12  
Old 01-08-2017, 05:05 PM
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Being done with exams is an awesome process.
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  #13  
Old 01-09-2017, 09:21 AM
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Write a question or three, grade a stack of papers, maybe a couple meetings, and at least a couple paid trips each year.

The exam process is pretty nice.
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  #14  
Old 01-09-2017, 09:24 AM
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Quote:
Originally Posted by Colonel Smoothie View Post
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 So you 1) spend an entire exam learning outdated methodology and 2) spend another entire exam studying the bureaucracy that governs that outdated methodology.
From this post I would infer that the bureaucracy that governs the "outdated" methodology is still in place, which means it is not "outdated," nor is learning about it impractical, Colonel.
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  #15  
Old 01-09-2017, 09:38 AM
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I enjoyed it for the first few exams, then I hated it later on. I'm glad that's over.
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  #16  
Old 01-09-2017, 10:25 AM
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Failing is most definitely not fun.
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  #17  
Old 01-09-2017, 10:26 AM
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Now that I am on the other side of the exam process, it is definitely fun.
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  #18  
Old 01-09-2017, 11:21 AM
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Pros:
1: I do get a sense of satisfaction knowing that I am doing something that will further my career when going through exams.
2: Studying for hours a day, months at a time; I become very sharp mentally which has positive effects on work and personal life.
3: Exam pass high is awesome.

cons should be obvious. overall, its a means to an end.
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  #19  
Old 01-09-2017, 11:23 AM
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During exams 1-4, I remember I genuinely told people I'd rather be taking these exams than not because of the steady climb in compensation that it brings.

During the end of the prelims phase, I felt accomplished for reaching associate status but dreading the fellowship exams that I'd heard so much about.

During the fellowship exams, I wanted the exams to end more than anything. Oh god they were horrible.
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  #20  
Old 01-09-2017, 12:08 PM
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Quote:
Originally Posted by btmagnetw View Post
During exams 1-4, I remember I genuinely told people I'd rather be taking these exams than not because of the steady climb in compensation that it brings.

During the end of the prelims phase, I felt accomplished for reaching associate status but dreading the fellowship exams that I'd heard so much about.

During the fellowship exams, I wanted the exams to end more than anything. Oh god they were horrible.
This is encouraging for some one finishing up their ASA...
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