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Old 12-31-2013, 11:34 AM
PaulJack PaulJack is offline
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Default Pension Actuary qualifications

Does someone need to have an ASA to be a Pension Actuary, or can they just have their EA? I assume they need work experience in the field to just have an EA.
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Old 12-31-2013, 12:32 PM
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snikelfritz snikelfritz is offline
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What are you asking them to do exactly? Sign-off on a funding report?
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Old 12-31-2013, 01:04 PM
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Serena Serena is offline
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Quote:
Originally Posted by PaulJack View Post
Does someone need to have an ASA to be a Pension Actuary, or can they just have their EA? I assume they need work experience in the field to just have an EA.
I've done quite well with just EA. (And the other letters that this qualifies me for: MAAA, FCA, MSPA).

To move up in one of the big firms though, you will need ASA and pbly FSA. But plenty of other ways to enjoy a successful career. Particularly if you are a decent marketer and/or business minded.
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Old 12-31-2013, 02:18 PM
PaulJack PaulJack is offline
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Quote:
Originally Posted by Serena View Post
I've done quite well with just EA. (And the other letters that this qualifies me for: MAAA, FCA, MSPA).

To move up in one of the big firms though, you will need ASA and pbly FSA. But plenty of other ways to enjoy a successful career. Particularly if you are a decent marketer and/or business minded.
How did you get your start as a Pension actuary? Did you already work in the retirement field and take the exams, or did you take the exams first and then look for a job? Thanks in advance.
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Old 12-31-2013, 03:19 PM
forhisglory forhisglory is offline
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I got an entry level job with 3 exams with no prior experience.
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Old 12-31-2013, 04:10 PM
PaulJack PaulJack is offline
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I got an entry level job with 3 exams with no prior experience.
Are you talking about the EA exams?
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Old 12-31-2013, 04:36 PM
forhisglory forhisglory is offline
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No, SOA exams. You can get the first EA exam waived if you have credit for FM and MLC. I heard it's nearly impossible to pass the 2A and 2B EA exams without having some working experience with pension. You also need 3 years of pension work to even get the EA designation. My plan is to get my ASA and by then I will hopefully have enough knowledge to pass the rest of the EA exams.

Last edited by forhisglory; 12-31-2013 at 05:11 PM..
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