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  #61  
Old 05-17-2013, 03:27 PM
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Hmmm.

Okay, then perhaps I shall hold off on my letter to the Board.... for now.
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  #62  
Old 05-17-2013, 03:34 PM
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Hmmm.

Okay, then perhaps I shall hold off on my letter to the Board.... for now.
Disaster averted.
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  #63  
Old 05-17-2013, 03:35 PM
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CAS and SOA leadership posted a memo (with no specific information) on their sites today. The good news it's the first memo since their relationships deteriorated that they posted identical messages.

CAS Link
That memo is chock full of information.

Could be a watershed event.
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  #64  
Old 05-17-2013, 03:40 PM
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  #65  
Old 05-17-2013, 07:12 PM
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But like I said, if you are doing it to improve your skill set, then I am 100% behind you.
I would say that I'm going to give it a shot for a hodge podge of reasons. A description of those reasons would be rather lengthy (and bits and pieces can already be found in other threads), but if I had to pick a short description summarizing many of those reasons, I'd say it would be "personal fulfillment". I'll be doing it "for me" rather than "for my career".

Or, put another way, I'll be attempting it for essentially the same kinds of reasons some folks attempt marathons.

That being said, if I were deciding to go for FCAS, at this point it would also be mostly "for me" rather than "for my career". But in that case, I'd be attempting it for essentially the same reasons folks attempt triathlons.

Who knows; if the first stretch of the marathon goes much better than expected, I can always reevaluate whether the triathlon really is out of my reach.

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(Before someone points it out: yes, I know that the marathon is the last part of a triathlon. But I don't like swimming, and therefore you're left with my imperfect metaphor. Neener-neener. )
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Old 05-17-2013, 07:37 PM
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Is that a bad thing if the SOA still adequately tests their candidates?
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The CAS already adequately tests their candidates.
You totally dodged the question.
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  #67  
Old 05-17-2013, 07:39 PM
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You keep assuming the two credentials carry the same value when that point is up to debate. And, while we don't know enough about the FSA-GI path to completely discount it, the burden is on the SOA to prove its worth (a credential isn't valuable until that value is disproven). Until then, FSA-GI will be adversely selected against by candidates, and employers will recognize this. After all, who would want to pursue the path that has not yet proven its worth in the market, and who would want to hire the student that has pursued this path?
I don't think the bolded means what you think it means.

I am not assuming the credentials carry the same value. I am assuming that work experience, after a minimum adequate education has been achieved (e.g. ACAS), trumps either fellowship credential.
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Old 05-17-2013, 07:55 PM
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You totally dodged the question.
It's not bad or good. It's a waste of time.
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  #69  
Old 05-17-2013, 08:29 PM
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..and say you wanted to change jobs and I were interviewing you for something in P&C, my 1st question on discovering you - as a career ACAS - want to do SOA GI is "why are you not doing FCAS?"
What would you do if this hypothetical candidate, a career ACAS and FSA-GI, has better work experience than another hypothetical candidate, an FCAS?

I'm fine if all else equal a an FCAS with 10 years experience is preferred to a career ACAS or FSA-GI (10 years experience). I don't understand an FCAS with 10 years experience being preferred over an ACAS or FSA-GI (10 years experience) who has better work experience (e.g. more applicable, more responsibility in the past, etc).
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Old 05-17-2013, 08:33 PM
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Yes. Consider the law of supply and demand and its implications on actuarial salaries.
Actuarial salaries will eventually converge to value added. Our profession is no longer closed off to non-actuaries... statisticians and MBAs are actively moving into our space. In ERM I estimate I work with more MBAs and PhDs than I do actuaries.
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