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  #11  
Old 04-14-2019, 02:56 PM
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Colonel Smoothie Colonel Smoothie is offline
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It's pretty common for people to reach that many exams and then quit and do something else - usually because they find some other opportunity or aren't willing to take a pay cut or move to some place they don't want to move to. I think barring special circumstances (immigration status, criminal history, mental illness), you ought to be able to enter the field with 3-4 exams.
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  #12  
Old 04-14-2019, 03:32 PM
hrm57 hrm57 is offline
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It's pretty common for people to reach that many exams and then quit and do something else - usually because they find some other opportunity or aren't willing to take a pay cut or move to some place they don't want to move to. I think barring special circumstances (immigration status, criminal history, mental illness), you ought to be able to enter the field with 3-4 exams.
So in the absence of things like sub 3.0 GPA, unwillingness to relocate, DUI, etc, you think someone with 3-4 exams should be able to get into the field?
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  #13  
Old 04-14-2019, 04:12 PM
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So in the absence of things like sub 3.0 GPA, unwillingness to relocate, DUI, etc, you think someone with 3-4 exams should be able to get into the field?
Yeah. Doesn't mean it'll be easy. Sometimes you have to move to an unpleasant location or take a job as an underwriter/adjuster first. If you have 3-4 exams and can't get a job, it's an indication to me that you're unwilling to improve the other aspects of your profile to become a competitive candidate, or are in the process of doing so but are not quite there.
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Old 04-14-2019, 04:31 PM
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Yeah. Doesn't mean it'll be easy. Sometimes you have to move to an unpleasant location or take a job as an underwriter/adjuster first. If you have 3-4 exams and can't get a job, it's an indication to me that you're unwilling to improve the other aspects of your profile to become a competitive candidate, or are in the process of doing so but are not quite there.
how long in your opinion do you need to work at the related job for it to be seen as meaningful experience?
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Old 04-14-2019, 04:38 PM
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how long in your opinion do you need to work at the related job for it to be seen as meaningful experience?
As long as it takes for someone to see it as meaningful experience. Sorry but there is no magic number. You need to convince one person and every hiring manager would have a different interpretation on how long is relevant, or whether your work experience would even count (might prefer someone straight out of college).
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  #16  
Old 04-14-2019, 05:10 PM
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As long as it takes for someone to see it as meaningful experience. Sorry but there is no magic number. You need to convince one person and every hiring manager would have a different interpretation on how long is relevant, or whether your work experience would even count (might prefer someone straight out of college).
Makes sense. I have some interviews coming up for Analyst positions, one of which is at a large P&C insurer, and the other is a pricing analyst at a health software company, so I feel like I am moving in the right direction-although there is still a long way to go.
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  #17  
Old 04-14-2019, 06:29 PM
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Also, it it true that 3 exams is the maximum number you want for entry level positions? After IFM you must choose between SOA and CAS, so would this potentially box you out of the other route.
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Old 04-14-2019, 07:45 PM
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Also, it it true that 3 exams is the maximum number you want for entry level positions? After IFM you must choose between SOA and CAS, so would this potentially box you out of the other route.
That's not true, keep taking them. Unfortunately, due to politics, you have to take a track-specific exam sooner than you used to. IMO keep taking the exams in the track you think you are most likely to land in, or if you don't want to do that, keep working on your tech skills or build up your network. Whatever you do, don't stop trying to improve yourself.
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  #19  
Old 04-14-2019, 08:15 PM
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That's not true, keep taking them. Unfortunately, due to politics, you have to take a track-specific exam sooner than you used to. IMO keep taking the exams in the track you think you are most likely to land in, or if you don't want to do that, keep working on your tech skills or build up your network. Whatever you do, don't stop trying to improve yourself.
In that case when the time comes I would probably chose the SOA route and do STAM, as there are more jobs on that side.
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  #20  
Old 04-14-2019, 09:25 PM
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In that case when the time comes I would probably chose the SOA route and do STAM, as there are more jobs on that side.
More jobs doesn't mean a better chance of success if the ratio of applicants to positions is higher on the SOA side.

With this latest fiasco of only 3 common exams (there were 5 common exams not so long ago) and ELs often getting four exams before landing their first actuarial position, how many others will think "I'll choose the SOA exam as my fourth because there are more jobs"?

Choosing to take the fourth SOA exam (or CAS exam) without knowing for sure that it's the path that one is suited to, could mean a lot of wasted effort. On the other hand, there are other skills which will be useful to both paths so, to me, it would make more sense to prioritize those before taking the fourth.

Of course, there may be employers out there who may prefer four-exam to three-exam candidates regardless of other skills but I don't think that would be too common.
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