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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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  #21  
Old 01-09-2017, 12:24 PM
kimjongfun kimjongfun is offline
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The fact many are saying they enjoyed the first few exams but not the later ones is discouraging to someone who doesn't really enjoy the first exams...
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  #22  
Old 01-09-2017, 12:32 PM
Hartke Hartke is offline
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Quote:
Originally Posted by kimjongfun View Post
The fact many are saying they enjoyed the first few exams but not the later ones is discouraging to someone who doesn't really enjoy the first exams...
I enjoyed P. I was a stat major and took the exam right after finishing all my stat classes. I was nicely over-prepared for that exam.

C was also OK as it touched on a lot of things I found interesting. Exam was challenging, but not crazy.

MFE was a PITA. Material was non-intuitive to me. It wasnt until years later when I worked with some of those concepts that I really understood wtf was going on there.

MLC was interesting but was too hard to enjoy.

I dont really remember studying for or taking FM.
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  #23  
Old 01-09-2017, 12:33 PM
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Abelian Grape Abelian Grape is offline
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C, LC, and ST were my favorites to study for by far
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  #24  
Old 01-09-2017, 12:35 PM
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Abelian Grape Abelian Grape is offline
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"Exam 6 is my favourite"

-Satan
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  #25  
Old 01-09-2017, 12:46 PM
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llcooljabe llcooljabe is offline
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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.
you don't use loss triangles and development factors in your reserving (as one method among many)? Is this common? I've only worked at small companies, and don't move around.
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  #26  
Old 01-09-2017, 01:28 PM
Bobby Stoker Bobby Stoker is offline
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"ou"

-Satan
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  #27  
Old 01-09-2017, 08:57 PM
PhilipFry PhilipFry is offline
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Default Smart sunuvabitch

Just want to say...although perhaps a concited statement, I feel like a smart sunuvabitch after taking all them exams. It ramped up my mind like a lawnmower rip chord , taught me how to be a badass human being, and I loved every minute of it.
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  #28  
Old 01-09-2017, 09:18 PM
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Arthur Itas Arthur Itas is offline
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Originally Posted by PhilipFry View Post
Just want to say...although perhaps a concited statement, I feel like a smart sunuvabitch after taking all them exams. It ramped up my mind like a lawnmower rip chord , taught me how to be a badass human being, and I loved every minute of it.
Not sure if serious, but sounds like small fry
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  #29  
Old 01-10-2017, 08:15 AM
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Honestly, I really enjoyed the exam process, at least for the pre-lim exams. I started to have less interest in the exam process once I realized most of the knowledge gained wasn't useful in a good portion of actuarial jobs.

-Riley
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  #30  
Old 01-10-2017, 08:18 AM
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Abelian Grape Abelian Grape is offline
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Yup. It's really nothing more than a screening tool.
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