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  #51  
Old 05-03-2018, 03:46 PM
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And we walked uphill through the snow to and from work/school/exam centers.
I didn't know you were Canadian
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  #52  
Old 05-03-2018, 03:52 PM
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I am not MG, but it's easy to understand if you know the old system, so I think I can explain:

PD is not possible until you've completed 1-8.
Course 5 is offered once a year in the fall.
Course 8 is offered once a year in the fall.

As of July year 1, MG had 1-4, 6, 7.

She can't work on PD because she's missing 5 & 8.

Fall year 1: Fail Course 5
Spring year 2: Not possible to take any exam not already passed
Fall year 2: Fail Course 5
Spring year 3: Not possible to take any exam not already passed
Fall year 3: Pass Course 5
Spring year 4: Not possible to take any exam not already passed
Fall year 4: Fail Course 8
Spring year 5: Not possible to take any exam not already passed
Fall year 5: Pass Course 8
Year 6 (after Course 8 results are released): Complete PD, wait for results, register & attend FAC
thanks for the explanation.

I am unsure why MG had two exams left that were both only offered in fall, maybe some optimization of exam order could have prevented this unfortunate scenario?

regardless, this is why I tell people who are just starting out: if you are debating between exam A vs. exam B, always take the exam that is offered less frequently. (take MLC over C, for example).
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  #53  
Old 05-03-2018, 03:54 PM
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I am unsure why MG had two exams left that were both only offered in fall, maybe some optimization of exam order could have prevented this unfortunate scenario?

regardless, this is why I tell people who are just starting out: if you are debating between exam A vs. exam B, always take the exam that is offered less frequently. (take MLC over C, for example).


If you had the prelims, the only thing you could take in the spring was 6.
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  #54  
Old 05-03-2018, 04:14 PM
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I didn't know you were Canadian
I used to live in Ontario, California.
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  #55  
Old 05-03-2018, 04:27 PM
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Current: Exams P, FM, MFE, and C offered 3-4x per year, MLC, FSA exams offered 2x per year. VEE, FAP, FSA modules on demand with no pre-requisites, DMAC on demand with substantial prerequisite. Longest gap between possible attempts is 6 months... half as long as prior system. VEE, FAP, FSA modules offer something to squeeze in between sittings, or work on when work or personal circumstances dictate that you are unable to prepare for a full exam but still want to make progress. APC & FAC less likely to fill.
Not if you're in pensions (U.S.). The EA exams are all still only offered once per year, and this has caused significant delays for at least a few actuaries I know.
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  #56  
Old 05-03-2018, 04:34 PM
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regardless, this is why I tell people who are just starting out: if you are debating between exam A vs. exam B, always take the exam that is offered less frequently. (take MLC over C, for example).
So, MLC --> C --> MFE --> FM/P?
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  #57  
Old 05-03-2018, 04:50 PM
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thanks for the explanation.

I am unsure why MG had two exams left that were both only offered in fall, maybe some optimization of exam order could have prevented this unfortunate scenario?

regardless, this is why I tell people who are just starting out: if you are debating between exam A vs. exam B, always take the exam that is offered less frequently. (take MLC over C, for example).
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If you had the prelims, the only thing you could take in the spring was 6.
Yeah, the only thing that I'm not clear on is when MG got Course 7. Possibly she didn't take that at the optimal time, or possibly she did fit in in between some attempts at Course 5 and 8. Course 7 was one of the smallest obstacles (perhaps the smallest obstacle?) on the path from first prelim to FSA so it might have been so small that she didn't think to mention it.

You were generally not able to take it until you had 1-4 and at least one of 5, 6, 8 (I think with registration preference to ASAs). But sometimes if they had spaces available they'd open it up to people who only had 1-4 rather than let a space go unfilled.

But ignoring Course 7, if you passed your last prelim in the fall, pretty much all you could do in the Spring was Course 6. And then you're left with nothing but exams that are only offered in the fall.
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  #58  
Old 05-03-2018, 04:53 PM
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Not if you're in pensions (U.S.). The EA exams are all still only offered once per year, and this has caused significant delays for at least a few actuaries I know.
True... do you have to have EA now to get FSA in the Retirement track? You didn't used to, but I vaguely recall that changing when they went through one of the big exam changes.
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  #59  
Old 05-03-2018, 04:56 PM
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True... do you have to have EA now to get FSA in the Retirement track? You didn't used to, but I vaguely recall that changing when they went through one of the big exam changes.
You are not required to have the EA credential, but you do need passing scores on EA-2L and EA-2F to get an FSA in retirement, yes.
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  #60  
Old 05-03-2018, 04:58 PM
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You are not required to have the EA credential, but you do need passing scores on EA-2L and EA-2F to get an FSA in retirement, yes.
Ah, so basically the same thing as requiring EA credential, since they give you credit for the first EA exam if you have some combination of prelims (that I'm sure has changed since the last time I remotely considered going down the EA path, which was a while ago).

Maybe minus a background check & some application fees or something.
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