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  #61  
Old 09-27-2013, 05:37 PM
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mathmajor mathmajor is offline
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Posting my data point

$0

Okay, posted
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  #62  
Old 09-29-2013, 01:01 AM
Elsaball Elsaball is offline
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At my former company (CAS), raises were 5% for full exams and 2.5% for half exams. This is in addition to a modest ACAS and FCAS raise.
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  #63  
Old 09-29-2013, 10:01 AM
Mucho_Pareto Mucho_Pareto is offline
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Originally Posted by dukelampard View Post
Very nice . But lol at the FM amounts being more than twice what you get for MFE. If I ever move up enough in the ranks, my first decision will be to abolish that "half-exam" bullshit.
Can't agree with you more.
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  #64  
Old 09-29-2013, 10:17 PM
Elsaball Elsaball is offline
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Originally Posted by Mucho_Pareto View Post
Can't agree with you more.
And I wonder how P&C companies will react to 3L being split into two exams. 1/4 FM raise for each?
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  #65  
Old 10-18-2013, 09:01 PM
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lllj lllj is offline
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Originally Posted by Elsaball View Post
And I wonder how P&C companies will react to 3L being split into two exams. 1/4 FM raise for each?
For my company, right now the salary increase for 3L (or MLC) is around 60% of the salary increase for C. I'm pretty sure with the split, they are keeping the salary increases for 3LC + 3ST equal to what 3L's increase is now. Although they haven't released the updated policy yet officially. So a little bit over 1/4 of an exam, but basically yeah. Which is interesting because now we'll have exams worth less than an online course, hmm.
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  #66  
Old 11-20-2013, 05:43 PM
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Quote:
Originally Posted by dukelampard View Post
Very nice . But lol at the FM amounts being more than twice what you get for MFE. If I ever move up enough in the ranks, my first decision will be to abolish that "half-exam" bullshit.
Yeah, not treating MFE/MLC/3/whatever as 2 unrelated and separate exams absolutely infuriates me.
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  #67  
Old 11-20-2013, 11:04 PM
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cue the old guys/gals coming in and saying "in my day exam 3 was 5 hours and blah blah blah..."

I agree that the MFE / MLC half exam idea is totally retarded and is, in the words of Abnormal "F8898cking insulting."
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  #68  
Old 11-21-2013, 03:11 PM
jyz002 jyz002 is offline
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Quote:
Originally Posted by Mucho_Pareto View Post
Raise:
P- 3800
FM- 4000
MFE- 1700
MLC- 2600
C- 4600
IA- 5000
FA- 5300

Bonus:
P- 1900
FM- 2000
MFE- 850
MLC- 1300
C- 2300
IA- 2500
FA- 2650

Approximately
Where and how do I apply?
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  #69  
Old 12-08-2013, 10:55 PM
Canadiens Fan Canadiens Fan is offline
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My company's total exam raises from Exam P to FSA is $32,500. No bonuses. I'm interning on the SOA side.
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  #70  
Old 12-10-2013, 03:21 PM
cpolek1 cpolek1 is offline
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Quote:
Originally Posted by Canadiens Fan View Post
My company's total exam raises from Exam P to FSA is $32,500. No bonuses. I'm interning on the SOA side.
Quote:
Originally Posted by Canadiens Fan View Post
Thought I'd provide a bit more detail:

P 1,800 $
FM 2,000 $
MLC 2,000 $
MFE 1,500 $
C 2,700 $
FAP (Fundamentals of Actuarial Practices) modules 1 à 5 et Interim Assessment 3,500 $
FAP (Fundamentals of Actuarial Practices) modules 6 à 8 et Final Assessment 3,000 $
DP 5,000 $
CSP (APMV, AFE) 5,000 $
FSA Module 1 1,500 $
FSA Module 2 1,500 $
FSA Module 3 1,000 $
Decision making & Communication module (DMAC) 1,000 $
PEC 1,000 $

Base salary for an elntry-level actuarial analyst is $40,000. So if you join my company with 5 exams after graduation, you get a salary of $50,000.
For my company, a consulting firm in DC, bonuses are payable upon passing, regardless of the number of attempts it takes you to pass:

Exam Bonuses:
VEE exams $0
Exam P $1,000
Exam FM $2,500
Exam MFE $2,500
Exam MLC $2,500
Exam C $2,500
FAP Modules 1-5 & Interim Assessment $2,500
FAP Modules 6-8 & Final Assessment $2,500
Exam CSP-RU $2,500
Exam DP-RU $2,500
FSA Modules (3) plus DMAC $2,500
EA-1 $0
EA-2A $2,500
EA-2B $2,500

Designation Bonuses:
EA $500
ASA $1,000
FSA $1,500

If a new employee is hired after taking an exam but before results are announced, the new employee will receive a bonus if the employee receives a passing grade on the exam.

For any exam that the Company provides paid study time, the Company will also provide the cost of exam fees, books, study notes and other necessary materials.

The Company will pay for tuition, travel, lodging and food expenses for “Exam Seminars” (i.e., APC and FAC) but never more than once for each seminar. The Company may also support “preparatory seminars”, for which the Company may pay for the tuition cost of the seminar, travel, lodging and food expenses but never more than once for each exam.

Exam success does not result in automatic changes to a student’s base salary. Exam success will be considered in annual salary reviews.
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