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


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


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.

Reply
 
Thread Tools Search this Thread Display Modes
  #91  
Old 07-06-2018, 01:27 PM
sjb554's Avatar
sjb554 sjb554 is offline
Member
SOA
 
Join Date: Jun 2011
Studying for FAP
Favorite beer: Miller Lite
Posts: 1,180
Default

Quote:
Originally Posted by Pension.Mathematics View Post
I am 99% sure this person has NOT written other prelims.

I am unsure about the exemption part. I mean, at this point, I am 99% sure some form of exemption took place.

I am asking to see if anyone would know what the exemption was and I am really disappointed that SOA would allow such exemptions to take place.

[/sarcasm]
No, it's good it was allowed because some random teacher at some random school said the student was really good.

[/sarcasm]
__________________
HTML Code:
hi
Reply With Quote
  #92  
Old 07-06-2018, 01:30 PM
Pension.Mathematics Pension.Mathematics is offline
Member
SOA
 
Join Date: Dec 2017
Studying for Done with exams.
Posts: 1,288
Default

Quote:
Originally Posted by sjb554 View Post
[/sarcasm]
No, it's good it was allowed because some random teacher at some random school said the student was really good.

[/sarcasm]
to be fair, this person is extremely smart and has never failed a single module/exam.

4 pesky prelims would have delayed the attainment of FSA by maybe a year max.

but still.
Reply With Quote
  #93  
Old 07-06-2018, 01:38 PM
sjb554's Avatar
sjb554 sjb554 is offline
Member
SOA
 
Join Date: Jun 2011
Studying for FAP
Favorite beer: Miller Lite
Posts: 1,180
Default

Quote:
Originally Posted by Pension.Mathematics View Post
to be fair, this person is extremely smart and has never failed a single module/exam.

4 pesky prelims would have delayed the attainment of FSA by maybe a year max.

but still.

I think we are on the same side of this one. I'm sure the person is very smart. Given that, it would be interesting to see if she could actually pass 4 exams in a year. Too bad she never got the opportunity.
__________________
HTML Code:
hi
Reply With Quote
  #94  
Old 07-06-2018, 02:03 PM
Jdevil's Avatar
Jdevil Jdevil is offline
Member
SOA
 
Join Date: Jun 2017
Location: Montreal, Quebec
Studying for GHCORC
College: Université Laval
Posts: 109
Default

Quote:
Originally Posted by sjb554 View Post
I didn't say 'they are not a true actuary'. If CAS allows it then they are actuaries after they finish the exams. The thread asks if people are against university accreditation programs, and I think you know my opinion at this point.
Effective this month, being an ASA requires 2 more exams then it used to, of 3.5 hours and 5 hours. Also, MLC has been increased from 3h to 4h and from multiple choice to written answers a few years ago.

Should we ask people who got their ASA in 2012 to take those exams? Obviously not. SOA established that the ASA curriculum was not adequate anymore and changed it accordingly. The same way, CIA established that there might be a viable and proper way to allow candidates to replace some exam taking by creating a controlled education environment that would allow students to focus on school instead of writing exams at the same time, and they made it happen.

You arguments definitely sound like an old "ugh change is bad, kids nowadays are so lazy" more than anything else.


Quote:
Originally Posted by sjb554 View Post
[/sarcasm]
No, it's good it was allowed because some random teacher at some random school said the student was really good.

[/sarcasm]
There are requirements and checks in place made by CIA, this is not just "do whatever you want". It doesn't matter if it's ridiculous "in your opinion", CIA has investigated the matter and decided that it was a proper course of action.

And by the way, actuarial exams are also just a bunch of random actuaries creating some questions and saying the student was really good. You're just making things sound the way you want them to sound.
__________________
ASA, ACIA
Reply With Quote
  #95  
Old 07-06-2018, 02:13 PM
sjb554's Avatar
sjb554 sjb554 is offline
Member
SOA
 
Join Date: Jun 2011
Studying for FAP
Favorite beer: Miller Lite
Posts: 1,180
Default

Quote:
Originally Posted by Jdevil View Post
Effective this month, being an ASA requires 2 more exams then it used to, of 3.5 hours and 5 hours. Also, MLC has been increased from 3h to 4h and from multiple choice to written answers a few years ago.

Should we ask people who got their ASA in 2012 to take those exams? Obviously not. SOA established that the ASA curriculum was not adequate anymore and changed it accordingly. The same way, CIA established that there might be a viable and proper way to allow candidates to replace some exam taking by creating a controlled education environment that would allow students to focus on school instead of writing exams at the same time, and they made it happen.

You arguments definitely sound like an old "ugh change is bad, kids nowadays are so lazy" more than anything else.




There are requirements and checks in place made by CIA, this is not just "do whatever you want". It doesn't matter if it's ridiculous "in your opinion", CIA has investigated the matter and decided that it was a proper course of action.

And by the way, actuarial exams are also just a bunch of random actuaries creating some questions and saying the student was really good. You're just making things sound the way you want them to sound.

As you and I both stated, this is just my opinion. If CAS wants to allow it then they can do that. You sound pretty butthurt about my opinion on this one. Assuming you already have your FCAS, enjoy it and don't worry about what a lowly SOA actuary thinks.
__________________
HTML Code:
hi
Reply With Quote
  #96  
Old 07-09-2018, 01:29 PM
Pension.Mathematics Pension.Mathematics is offline
Member
SOA
 
Join Date: Dec 2017
Studying for Done with exams.
Posts: 1,288
Default

Quote:
Originally Posted by sjb554 View Post
Assuming you already have your FCAS
He is "Studying for GHCORC"...
Reply With Quote
  #97  
Old 07-20-2018, 09:48 PM
NchooseK NchooseK is offline
Member
SOA
 
Join Date: Nov 2012
Location: Philly area
Studying for PA, FAP
College: Swarthmore College (BA Mathematics), Villanova University (MS Applied Stat)
Posts: 234
Default

I speak for SOA if they, too, keep the backdoor open. They are so shrouded in secrecy.

They don't tell you how they grade papers.

They guard IA better than the Pope.

You sign NDAs and Confidentiality agreements galore.

Prometric wont let you pick your nose.

...and PA costs $1125 -- surprise!

But teachers can pass you?

Are SOA tests difficult to take in the places they allow this? Hell, sometimes they are difficult to take here. I'm not really following why they keep this backdoor open. I'd appreciate enlightenment.

(If you ever think I am actually angry on AO, I am likely going for humor with a touch of irony)
__________________
Exams: P | FM | C | MFE | LTAM (Confident) | SRM Credit | PA

VEE: Statistics | Finance | Economics

FAP: 1 | 2 | 3 | 4 | IA | 6 | 7 | FA

Conferences: APC
Reply With Quote
  #98  
Old 07-30-2018, 03:15 AM
764dak's Avatar
764dak 764dak is offline
Member
 
Join Date: Jun 2011
Posts: 916
Default

Quote:
Originally Posted by Pension.Mathematics View Post
I am 99% sure this person has NOT written other prelims.

I am unsure about the exemption part. I mean, at this point, I am 99% sure some form of exemption took place.

I am asking to see if anyone would know what the exemption was and I am really disappointed that SOA would allow such exemptions to take place.
If you did the UK exams you can get exemptions from SOA.

https://www.soa.org/Education/Genera...r-faculty.aspx

Worldwide Exam Centres:
https://www.actuaries.org.uk/studyin...exam-centres-0

The syllabi of exams:
https://www.actuaries.org.uk/studyin...anges-syllabus

Past papers and Examiners' Reports:
https://www.actuaries.org.uk/studyin...miners-reports

New Curriculum in 2019:
https://www.actuaries.org.uk/studying/curriculum-2019
Reply With Quote
  #99  
Old 07-30-2018, 08:16 AM
Abnormal Abnormal is offline
Member
 
Join Date: Mar 2002
Posts: 6,718
Default

Quote:
Originally Posted by Jdevil View Post
Quote:
Originally Posted by sjb554 View Post
[/sarcasm]
No, it's good it was allowed because some random teacher at some random school said the student was really good.

[/sarcasm]
There are requirements and checks in place made by CIA, this is not just "do whatever you want". It doesn't matter if it's ridiculous "in your opinion", CIA has investigated the matter and decided that it was a proper course of action.
The problem with those requirements and checks is they don't take into account the difference between individual profs. Two different profs can teach using exactly the same syllabus and text and the level of difficulty can vary tremendously between the two classes. There is no guarantee that the same prof will teach the course from year to year (or, in the case of a large class, from section to section).

The only way to police that is to audit every course every term. And that's going to require a huge amount of volunteer time.

But there's another problem - what happens if a program is accredited by the CIA and, for whatever reason, that accreditation is withdrawn at some later date? What happens to the students who are already enrolled there - do they just get told in the middle of a term that "sorry guys but your course work no longer qualifies for credit"?
__________________
Anyone who cannot cope with mathematics is not fully human. At best he is a tolerable subhuman who has learned to wear shoes, bathe, and not make messes in the house.
Reply With Quote
  #100  
Old 07-30-2018, 11:22 AM
Pension.Mathematics Pension.Mathematics is offline
Member
SOA
 
Join Date: Dec 2017
Studying for Done with exams.
Posts: 1,288
Default

Quote:
Originally Posted by 764dak View Post
If you did the UK exams you can get exemptions from SOA.
nope, this person likely never did any UK exams.

In fact, I know 2~3 people who got their ASA this way (i.e., only took 1 prelim exam which is exam P at the end of 2014/beginning of 2015) and are all now either FSA or extremely close to being FSA.

their names don't show up at http://www.actuarial-lookup.co.uk/ at all.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
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 04:25 PM.


Powered by vBulletin®
Copyright ©2000 - 2018, 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 0.23323 seconds with 11 queries