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  #1  
Old 12-08-2006, 12:34 PM
Winbacker Winbacker is offline
 
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When one goes into the actuarial profession, how important is it to do all the exams?

Can one just pass 2 or 3 or 4 and just work at that level? Or do employers expect all actuarial students to become FCAS or ACAS etc.
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Old 12-08-2006, 12:38 PM
Dr T Non-Fan Dr T Non-Fan is offline
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That would be a dead-end career. It would be better at that time to switch to a career path based on work experience and one's own interests (or whatever is open). I've seen students transfer to marketing, finance, underwriting, etc.
Many companies will let you go if you fail too many attempts.
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  #3  
Old 12-08-2006, 12:42 PM
DW Simpson DW Simpson is offline
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Quote:
Originally Posted by Winbacker View Post
Can one just pass 2 or 3 or 4 and just work at that level?
When that happens, often students transition to some of the roles discussed at http://www.actuarialoutpost.com/actu...13&postcount=8
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Old 12-08-2006, 12:43 PM
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It's too early in your career to be thinking about quitting exams. Maybe you should reconsider your choice of profession.
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Old 12-08-2006, 12:47 PM
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An 'actuary' without credentials is not an actuary. In consulting, you see people who take a long time to pass exams (I work with someone with 8 yrs of experience who just got his ASA), but as long as you do good work, and at least make moves toward credentials, you're valued. In insurance, yeah, get those credentials.
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Old 12-08-2006, 12:57 PM
actexp actexp is offline
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Quote:
Originally Posted by Winbacker View Post
When one goes into the actuarial profession, how important is it to do all the exams?

Can one just pass 2 or 3 or 4 and just work at that level? Or do employers expect all actuarial students to become FCAS or ACAS etc.
The "gap" between career ASA and full FSA seems to be closing, in terms of advancement within a company, compared to years ago. I agree with other poster though, should at least get ASA letters or else most likely better off in another profession.
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Old 12-08-2006, 01:02 PM
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Quote:
Originally Posted by actexp View Post
Quote:
Originally Posted by Winbacker View Post
When one goes into the actuarial profession, how important is it to do all the exams?

Can one just pass 2 or 3 or 4 and just work at that level? Or do employers expect all actuarial students to become FCAS or ACAS etc.
The "gap" between career ASA and full FSA seems to be closing, in terms of advancement within a company, compared to years ago. I agree with other poster though, should at least get ASA letters or else most likely better off in another profession.
It will start to widen again as the ASA will be easier to get now.
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Old 12-08-2006, 01:04 PM
DW Simpson DW Simpson is offline
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The "gap" between career ASA and full FSA seems to be closing, in terms of advancement within a company, compared to years ago.
I'm not seeing that. Depends on the actuarial discipline, the type of employer and the particular situation.

See http://www.actuarialoutpost.com/actu...40&postcount=8
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Old 12-08-2006, 01:13 PM
LoneGirl LoneGirl is offline
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Quote:
Originally Posted by Winbacker View Post
When one goes into the actuarial profession, how important is it to do all the exams?

Can one just pass 2 or 3 or 4 and just work at that level? Or do employers expect all actuarial students to become FCAS or ACAS etc.
Most companies will at least kick you out of the student program if you stop taking exams. You may get to stay in the department, but you'd be given a different title and I don't think the opportunities for advancement would be all that great. No company wants to hire a "career student".
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Old 12-08-2006, 01:35 PM
tommie frazier tommie frazier is offline
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if you do good work, most places will allow career associates. if you tell them upfront that you will do this, they will view you less favorably (unless your work s stellar).

career student/analyst types exist at every company. but the progression of salary and responsibilities is not nearly as well defined as for those who pass exams.
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