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

Actuarial Jobs by State

New York  New Jersey  Connecticut  Massachusetts 
California  Florida  Texas  Illinois  Colorado


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
  #11  
Old 04-28-2018, 10:00 PM
therealsylvos's Avatar
therealsylvos therealsylvos is offline
Member
CAS
 
Join Date: Mar 2014
Posts: 16,080
Default

Neat, we can measure the bias on actuarial-lookups stats.

For reference they have median time of 6.5 years.

http://www.actuarial-lookup.com/travel-times
__________________
Quote:
Originally Posted by ao fan View Post
i like laying in the tube and pretending that i'm dead.
Reply With Quote
  #12  
Old 04-30-2018, 09:28 AM
PeppermintPatty's Avatar
PeppermintPatty PeppermintPatty is offline
Member
CAS
 
Join Date: Sep 2001
Posts: 37,840
Default

The CAS tried to measure time from first actuarial employment to FCAS, but had trouble getting the "first hired" date.

Interesting, a lot of this is analysis the CAS used to publish for CAS students, but decided was too sensitive or something. A couple of highlights of this analysis are stll published by the CAS in an infographic somewhere. But I wonder about the methodology these people use -- there is a lot of distortion if you look at the data for "who became credentialed this year" due to changes in the number of people entering the program over time.
Reply With Quote
  #13  
Old 04-30-2018, 10:41 AM
Dr T Non-Fan Dr T Non-Fan is offline
Member
SOA AAA
 
Join Date: Sep 2001
Location: Just outside of Nowhere
Posts: 92,404
Default

It also measures only those who succeed at getting fellowship, ignoring all the abandoned attempts, of which there are many. And, many of those looking at this statistic will assume it applies to them. But, that isn't really the case.
Should include a statistic on percentage of people who took Exam 1 but eventually abandoned their attempt at fellowship. The issue with this is there are people still attempting, so might be hard to pin this number down. Anyone have any idea what that percentage might be? 10%?
__________________
DTNF's Basic Philosophy Regarding Posting: There's no emoticon for what I'm feeling! -- Jeff Albertson (CBG)
DTNF's Trademarked Standard Career Advice: "pass some exams and get back to us."
DTNF's Major advice: "Doesn't matter. Choose major that helps you with goal of Career Advice."
DTNF's Résumé Advice: Have a good and interesting answer to every item on it for the interviews.
DTNF's Law of Job Offers: You not only have to qualify for the position, but you also have to be the best candidate available for the offer.
DTNF's Work Philosophy: I am actuary. Please insert data. -- Actuary Actuarying Rodriguez.
Twitches' Advice to Crazy Women: Please just go buy your 30 cats already.
Reply With Quote
  #14  
Old 04-30-2018, 11:00 AM
NerdAlert's Avatar
NerdAlert NerdAlert is offline
Member
SOA
 
Join Date: Sep 2009
Studying for a hobby.
Favorite beer: Guinness
Posts: 3,949
Default

Another instance of me bringing down the average.

10.415 years here, by this metric.
Reply With Quote
  #15  
Old 04-30-2018, 11:01 AM
PeppermintPatty's Avatar
PeppermintPatty PeppermintPatty is offline
Member
CAS
 
Join Date: Sep 2001
Posts: 37,840
Default

Here's what the CAS has published.

http://www.casact.org/admissions/reports/#traveltime

The last time they published the full report, in all it's data-detailed tedious glory was the 2010 report (published 2011.) More recently, they've just published some results, without tell the reader how they analyzed the data, so it's hard to tell what the results actually mean. But if they mean the same as in the last full report, they estimate that the median time to FCAS is about 8 years from when you take your first exam, and they analyzed that by looking at cohorts of people sitting for their first exam, not by restricting it to people who made it through.
Reply With Quote
  #16  
Old 04-30-2018, 11:02 AM
twig93's Avatar
twig93 twig93 is offline
Member
SOA
 
Join Date: Jun 2003
Posts: 29,237
Default

Quote:
Originally Posted by Dr T Non-Fan View Post
It also measures only those who succeed at getting fellowship, ignoring all the abandoned attempts, of which there are many. And, many of those looking at this statistic will assume it applies to them. But, that isn't really the case.
Should include a statistic on percentage of people who took Exam 1 but eventually abandoned their attempt at fellowship. The issue with this is there are people still attempting, so might be hard to pin this number down. Anyone have any idea what that percentage might be? 10%?
Yeah, something like "percentage of people who attempt one exam and then within 15 years become [no designation, EA is highest designation, ASA is highest designation, ACAS is highest designation, FSA is highest designation, FCAS is highest designation]" would be interesting info.
__________________
Originally Posted by Gandalf
The thing that is clearest is twig's advice
Reply With Quote
  #17  
Old 04-30-2018, 11:19 AM
PeppermintPatty's Avatar
PeppermintPatty PeppermintPatty is offline
Member
CAS
 
Join Date: Sep 2001
Posts: 37,840
Default

Quote:
Originally Posted by twig93 View Post
Yeah, something like "percentage of people who attempt one exam and then within 15 years become [no designation, EA is highest designation, ASA is highest designation, ACAS is highest designation, FSA is highest designation, FCAS is highest designation]" would be interesting info.
There's some stuff like that in the CAS 2010 report.

Pages 39 and 41 show many many people reached ACAS or FCAS within 5, 10, and 15 years, for instance. But the CAS data is messy because (1) a lot of the old data is missing and (2) there are a lot of candidates who sat for exam 1 and then went on to sit SoA exams. It documents somewhere in there what assumptions were made about that, but I don't remember them.
Reply With Quote
  #18  
Old 04-30-2018, 03:31 PM
Doctor Who's Avatar
Doctor Who Doctor Who is offline
Member
 
Join Date: Nov 2009
Posts: 22,943
Default

At my FAC about 10 years ago, the average age for a new FSA was 32 and they wanted to bring it down.

Assuming you start in college today, 8.2 years and you are probably still in your late 20s.
Reply With Quote
  #19  
Old 04-30-2018, 04:42 PM
sjb554's Avatar
sjb554 sjb554 is offline
Member
SOA
 
Join Date: Jun 2011
Studying for FAP
Favorite beer: Miller Lite
Posts: 1,172
Default

Quote:
Originally Posted by Doctor Who View Post
At my FAC about 10 years ago, the average age for a new FSA was 32 and they wanted to bring it down.

Assuming you start in college today, 8.2 years and you are probably still in your late 20s.
I just went to FAC this year and they said the average age was 30, so they have been able to bring the average age down a year or two.
__________________
HTML Code:
hi
Reply With Quote
  #20  
Old 04-30-2018, 09:49 PM
trueblade's Avatar
trueblade trueblade is offline
Member
CAS
 
Join Date: Jul 2012
Location: Castlevania
Studying for Freedom
Posts: 677
Default

Damn, i wish i am an exam genius...
__________________
ACAS 7 8 9
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 06:48 AM.


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 0.43668 seconds with 9 queries