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Old 05-24-2018, 10:31 AM
Elinor Dashwood's Avatar
Elinor Dashwood Elinor Dashwood is offline
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Quote:
Originally Posted by ao fan View Post
FAP is basically a writing exam though, isn't it?
This.

Quote:
Originally Posted by campbell View Post
Actually, I don't remember what the transition was back in 2007. I think it was exams 5 & 7, actually.

Exam 5 was the one exam I failed.
Course 5 got you credit for FAP 1-5 and the first FAP exam (which was later replaced with the Interim Assessment). Course 7 (pretest + seminar) got you credit for Fap 6-8 and the Final Assessment. Course 6 got you credit for the FSA modules.

Under the old rules you needed 1-4 and then two of 5-8 to get ASA. It could be any two, although Course 7 had pre-requisites. And if you had enough conversion credits from the prior conversion to have *all* of PD, you could get ASA with 1-4, PD and one of (5, 6, 8). You could *not* get ASA with 1-4, 7, PD so you had to pass at least one written exam to get ASA.

Quote:
Originally Posted by ao fan View Post
I doubt course 7 was the reason anyone was failing to get fsa. It was some kind of seminar with a very high pass rate.
Yes, it was an open-book timed pre-test (you had to study or you'd run out of time, but it had a very high pass rate) plus a seminar that involved a paper and a presentation. From what I understand the seminar was a week of hell but then it was over. It had a fairly high pass rate, but I do know smart actuaries who failed it.

Quote:
Originally Posted by Pension.Mathematics View Post
FAP is good, but it isn't enough, it is also usually done after one has finished all prelims, which is a little late ("Put the cart before the horse") in my opinion.
I disagree with the assertion that it is "usually" done after the prelims. The students at my company are squeezing in a module here and a module there between prelims and while waiting for MLC results. They're mostly doing it concurrently with the prelims.
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