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  #61  
Old 05-05-2018, 11:33 AM
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With the incompetence of some less experienced people Ive work with over the years, or even some with experience, I can attest that the prelims do Jack shit for on the job actual work training.

The prelims don't teach you how to not be a complete dumbass with an excel spreadsheet, or with data
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  #62  
Old 05-05-2018, 12:00 PM
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I would choose omniscience, so that I could understand where the actuarial career touched you inappropriately, Riley.
he is now a data scientist, which is #5 on the list (instead of #11) linked in OP. i am unsure if he got lured into actuarial profession by the false expectations I talked about in OP.

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For example, which option do you think most people would choose?
A.) Become credentialed, but don't know anything.
B.) Know 100% of everything without being credentialed.

Which one do you think is more valuable?
i don't think this has anything to do with the topic, but of course the former.

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Originally Posted by Lusus Naturae View Post
I thought both of my FSA exams were individually easier than exam C.

And I passed C on the first try while doubling up on exam M.
in your case, you went into the right field then. but most people who choose the actuarial career path are more "quantitatively inclined".

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FSA seems to be barely valued in our field. ASA, EA is plenty, so why does it bother you that FSA exams are much different? They really aren't required for pension actuaries. It's just sort of a nice thing to have.
what you said is true

but this isn't about me, this is about my criticism of the qualification process.

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I'm not sure since i just took fap
wait, you just took FAP? so without an ASA you were able to sign forms?
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  #63  
Old 05-05-2018, 12:05 PM
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he is now a data scientist, which is #5 on the list (instead of #11) linked in OP. i am unsure if he got lured into actuarial profession by the false expectations I talked about in OP.



i don't think this has anything to do with the topic, but of course the former.



in your case, you went into the right field then. but most people who choose the actuarial career path are more "quantitatively inclined".



what you said is true

but this isn't about me, this is about my criticism of the qualification process.



wait, you just took FAP? so without an ASA you were able to sign forms?
No. I dont sign forms. I put off getting credentials for a long time and finally did it recently. Still can't sign anything with asa though. Need EA in pensions. Asa is pretty irrelevant. I mostly got it for myself, not for my employer. It was a pride thing for me and they were changing the system if i didnt do it by March 30, 2018, so it was now or never.
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  #64  
Old 05-05-2018, 12:14 PM
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I put off getting credentials for a long time and finally did it recently. Still can't sign anything with asa though. Need EA in pensions.
I see. I assumed you were EA given "Join Date: Apr 2007". thanks for clarifying I hope I didn't hit a sore spot.
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  #65  
Old 05-05-2018, 01:06 PM
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I see. I assumed you were EA given "Join Date: Apr 2007". thanks for clarifying I hope I didn't hit a sore spot.
not really. several reasons why i haven't gotten my ea that i probably shouldn't get into.

but to answer your other question, yes, my company would let an EA who isn't an ASA sign. ASA is irrelevant to signing for pension actuaries. we've had many signers who were EA only. these days though, people tend to get their ASA before their EA. this is especially true since the prelmins now give you credit for EA-1. in the past, this wasn't the case, so we have some older EA only people who sign.
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  #66  
Old 05-05-2018, 01:18 PM
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It's not the job of the prelims to weed out dumbasses. That's what experience is all about. JMO of course.

I also think that if the prelims ONLY taught what is needed for EL (spreadsheet monkey, mostly) they would be even worse at preparing for the fellowship material than they are now.

OK, I'm done.
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Old 05-05-2018, 01:23 PM
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It's not the job of the prelims to weed out dumbasses. That's what experience is all about. JMO of course.

I also think that if the prelims ONLY taught what is needed for EL (spreadsheet monkey, mostly) they would be even worse at preparing for the fellowship material than they are now.

OK, I'm done.
I was digressing a little, but most entry level types in pensions don't spend their careers in pensions and don't get their FSA's, so what they learn on the prelims is entirely useless to us, since they are still dumbasses who can't use a spreadsheet or do data properly. working with data is a HUGE portion of what pension actuaries do.

i was digressing, but it makes the prelims even more useless than they already are because they need study time to take them.
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Old 05-05-2018, 01:25 PM
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I would choose omniscience, so that I could understand where the actuarial career touched you inappropriately, Riley.
Do you have a doll? I could show you.

-Riley
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  #69  
Old 05-05-2018, 01:36 PM
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actually, that's not really digressing. if the prelims aren't giving you useful skills, if you stop at ASA, what's the point of them other than pieces of flair?

this is of course assuming FSA level exams are relevant, which I don't really know because I haven't taken them. I suspect that EA is enough though.
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Old 05-05-2018, 01:52 PM
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if the prelims aren't giving you useful skills, if you stop at ASA, what's the point of them other than pieces of flair?
Welcome to Life, where the perception that you are smart/valuable is most important.

-Riley
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