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  #41  
Old 05-02-2018, 11:27 AM
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Is #2 having any effect?


I had several years of experience going into FAP, so I knew better. None of the spreadsheets were "this is what you should not do".
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  #42  
Old 05-02-2018, 11:42 AM
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Yes, absolutely. Although they are also somewhat more uniform and less interesting. We used to have a much greater diversity of backgrounds and personality types, imo.
thanks for the input, this is expected in anything that becomes competitive to a certain degree.

something along the lines of street basketball vs. NBA basketball, Central Park chess vs. 2700+ chess, etc.
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  #43  
Old 05-02-2018, 02:27 PM
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Minor correction, P/FM are offered 6 times a year.
Thanks... adds even more flexibility, then.

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I agree with the conclusion that the new structure is more flexible which may have contributed to the decrease in travel time and average age of new FSAs.

I also agree with sjb554's view that the field itself is getting more popular which led to a highly saturated entry-level job market.
Agree.

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whether popularity is positively correlated with competitiveness, I am unsure, but I feel that the correlation is positive up to a point, under reasonable assumptions.

people who have been doing actuarial recruiting over the past 10~15 years should comment regarding: are the job candidates becoming more and more competitive?
I do think entry-level candidates are more competitive... certainly than when I was an entry-level candidate 16 years ago, and I would say even over the last 10 years.

I got hired with one exam and no internships. (I was a career changer.) Nowadays we throw resumes in the trash if they only have one exam. And even two exams is iffy, although we have hired the rare 2-exam candidate. Three exams is now standard. When I started I think there were threads on here debating whether three exams was too many for entry-level. Now it's the ideal amount.

I think with more and more people considering the field employers have gotten more choosy with entry-level candidates... because they can afford to be!
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  #44  
Old 05-03-2018, 12:02 PM
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In my previous gig (consulting) we hired personable no-exam candidates. Our firm (global, major) just didn't focus much on it.

I was hired in 2009 with one exam for a non-standard job.

(And then passed the 2nd exam thru FSA in 5 years lolol)
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  #45  
Old 05-03-2018, 01:51 PM
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If you were down to just Course 8 & PD and you failed Course 8, you had to wait a full year before you could attempt it again and progress toward FSA was impossible during the interim. If you were down to just Course 5, Course 8, and PD, God help you.
LOL, this is exactly what happened to me. I passed C6 in the Spring, then failed C5 that Fall. It was another 6 years before I made it to the FAC, with 2 more failed exam attempts after the C5 fail (everything else was completed as quickly as possible).
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  #46  
Old 05-03-2018, 01:59 PM
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LOL, this is exactly what happened to me. I passed C6 in the Spring, then failed C5 that Fall. It was another 6 years before I made it to the FAC, with 2 more failed exam attempts after the C5 fail (everything else was completed as quickly as possible).
I do not know the old system at all, can you please take a minute to joyfully () recap your painful experience and why it had to take that long?
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  #47  
Old 05-03-2018, 02:35 PM
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I do not know the old system at all, can you please take a minute to joyfully () recap your painful experience and why it had to take that long?
I am not MG, but it's easy to understand if you know the old system, so I think I can explain:

PD is not possible until you've completed 1-8.
Course 5 is offered once a year in the fall.
Course 8 is offered once a year in the fall.

As of July year 1, MG had 1-4, 6, 7.

She can't work on PD because she's missing 5 & 8.

Fall year 1: Fail Course 5
Spring year 2: Not possible to take any exam not already passed
Fall year 2: Fail Course 5
Spring year 3: Not possible to take any exam not already passed
Fall year 3: Pass Course 5
Spring year 4: Not possible to take any exam not already passed
Fall year 4: Fail Course 8
Spring year 5: Not possible to take any exam not already passed
Fall year 5: Pass Course 8
Year 6 (after Course 8 results are released): Complete PD, wait for results, register & attend FAC
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  #48  
Old 05-03-2018, 02:36 PM
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twig, you forgot that the exams were harder back then also.
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  #49  
Old 05-03-2018, 02:37 PM
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twig, you forgot that the exams were harder back then also.
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  #50  
Old 05-03-2018, 02:39 PM
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twig, you forgot that the exams were harder back then also.
And we walked uphill through the snow to and from work/school/exam centers.
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