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  #11  
Old 09-07-2007, 08:17 AM
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Originally Posted by asdfasdf View Post
Most people take longer to get there FSA than masters, ...
Most people don't work 45-55 hours/week while getting a masters either.
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  #12  
Old 09-07-2007, 08:18 AM
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From what I hear and read, I would compare an FSA to PhD as far as travel time is concerned.

I am more interested in how people compare an FSA with a CPA, JD, CFA, etc... My thoughts, it takes a lot of hard work and studying to achieve FSA status just like the rest of those credentials.
se above post. Travel time might be similar but you are also working 45-55 hours/week. With out that travel time for FSA's would be much lower.
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  #13  
Old 09-07-2007, 08:21 AM
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Originally Posted by sohpmalvin View Post
Can I say that FSA is professionally recognized to be equivalent to a PhD, and ASA to master degree?
There is no "professionally recognized" equivalence. As far as whether a comparison can be made, that might depend on the PhD/MS track in question. Math? Absolutely no comparison; a math doctorate is far harder than the FSA track. Education? The FSA is probably harder than a doctorate in education.

In any case, making such comparisons in mixed company would be unlikely to make you many friends.
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  #14  
Old 09-07-2007, 08:34 AM
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They are just different. ASA/FSA are professional designations. You can compare them to an accountant becoming a CPA, a lawyer passing the bar, etc.

Masters and PhD are academic degrees. If you want a career as an academic actuary, you will need to get the masters and PhD in order to prosper in academia. If you want to work in the business world, the associateship/fellowship is what you will need.
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  #15  
Old 09-07-2007, 08:47 AM
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FSA = PhD?

Gigantic insult to PhD (minor insult to ABD)
Minor insult to FSA

moral: people are too easily insulted
2nd moral: people are too eager to generalize

suggestion: restrict OP's forum rights to only the search engine for 1 week
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1. Pandering - we marketed ourselves as finding clever ways to give the public pension sponsors something for nothing
2. Ignored consequences - we found clever ways to allow politicians to ignore the true costs of benefit increases, like negative amortization of losses
3. Low standards of measurement - GASB had the most simple-minded of standards, and is now only going half-way to raise the standard.
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  #16  
Old 09-07-2007, 09:03 AM
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Quote:
Originally Posted by Maine-iac View Post
They are just different. ASA/FSA are professional designations. You can compare them to an accountant becoming a CPA, a lawyer passing the bar, etc.

Masters and PhD are academic degrees. If you want a career as an academic actuary, you will need to get the masters and PhD in order to prosper in academia. If you want to work in the business world, the associateship/fellowship is what you will need.
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  #17  
Old 09-07-2007, 09:13 AM
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In any case, making such comparisons in mixed company would be unlikely to make you many friends.
Very true.
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  #18  
Old 09-07-2007, 09:41 AM
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Now, it is obvious that saying FSA=PhD is incorrect...

So, specializing in which field of mathematic in doctorate degree would be the closest to what a FSA has learned?
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  #19  
Old 09-07-2007, 10:03 AM
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actuarial science?
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  #20  
Old 09-07-2007, 10:20 AM
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How many years one takes to get a PhD in average? What about FSA in average? Does anyone know, who is the youngest FSA?
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