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2017 ACTUARIAL SALARY SURVEYS
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View Poll Results: Mediocre FCAS/FSA Vs. Hardworking ACAS/ASA?
Insurance, FCAS/FSA 11 23.91%
Insurance, ACAS/ASA 23 50.00%
Consulting, FCAS/FSA 8 17.39%
Consulting, ACAS/ASA 18 39.13%
Multiple Choice Poll. Voters: 46. You may not vote on this poll

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  #11  
Old 01-10-2019, 06:13 PM
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Poll options are confusing.

How do I know which one is hardworking? Did the FSA tell me in the interview that he's a loafer?
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  #12  
Old 01-10-2019, 06:20 PM
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Quote:
Originally Posted by CowboyGuy View Post
Do you really think a hard working ACAS/ASA can't develop a skill that a mediocre FCAS/FSA can?
Depends.

Has the ASA been working for longer/less than the Fellow?

In my own experiences when dealing with fellows/associates, it becomes pretty obvious quickly who is actually competent at X (I am assuming you need this person to do X a lot)

Seen many fellows who zoomed through the exams, and where incompetent in many areas because of this. Thats not to say that they couldn't improve in those areas, but their salary was simply not reflective of their ability to add value to our bottom line. In this case, I would hire an associate with skill in X anyday over a Fellow who did not
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  #13  
Old 01-10-2019, 06:24 PM
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In consulting, they can often charge more for FCAS/FSA (as a proportion of the cost), and also its more important for a consulting company that their actuaries bill hours (compared to insurance companies), and hence the distinction in the poll.
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  #14  
Old 01-10-2019, 06:27 PM
CowboyGuy CowboyGuy is offline
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Quote:
Originally Posted by Childish Gambino View Post
Poll options are confusing.

How do I know which one is hardworking? Did the FSA tell me in the interview that he's a loafer?
Hiring can be from another team as well, you can easily know how hard working a person is by talking to their manager.
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  #15  
Old 01-10-2019, 06:44 PM
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Quote:
Originally Posted by CowboyGuy View Post
In consulting, they can often charge more for FCAS/FSA (as a proportion of the cost), and also its more important for a consulting company that their actuaries bill hours (compared to insurance companies), and hence the distinction in the poll.
Slight problem here.

Yes, your bill rate would be higher, but because the fellow added such little value, the company ultimately decided to not consider your consultancy the next time they ran into resourcing issues, and needed some expert advice.

Classic penny wise, pound foolish mistake that many consultancies make.

Simply having a bum on the seat charging high rates achieves little, if you truly want a close long-term (and profitable) relationship with a client. Quality of work product matters.
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  #16  
Old 01-10-2019, 08:35 PM
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I dont make these calls, but at my company you are FSA or GTFO.

We spell actuary with an F here. career ASA are effectively treated as inferior beings that couldnt even pass a few more exams.

Im an ASA and I realize that if I want to move up I can either get FSA or leave the company.
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  #17  
Old 01-10-2019, 08:37 PM
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totally different experience in consulting btw. ASA could be fairly high level. more emphasis on how good of a consulting actuary you are.
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  #18  
Old 01-11-2019, 08:58 AM
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Quote:
Originally Posted by CowboyGuy View Post
As a hiring manager, would you prefer to hire a mediocre FCAS/FSA or a hardworking ACAS/ASA?
Working hard is often a crutch for mediocrity. Is the hard working A* mediocre or actually good?
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  #19  
Old 01-11-2019, 09:21 AM
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when did the cas actuaries get their credentials? because there's an obvious difference in caliber between actuaries who passed multiple choice exams and the ones who made it through the IQ era.

[white][/white]
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  #20  
Old 01-11-2019, 09:38 AM
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Quote:
Originally Posted by Marcie View Post
The one who knows the difference between 'who' and 'whom'.
I opened this thread to see if anyone would correct that, and your correction is quite witty!
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