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Old 05-24-2018, 10:31 AM
Elinor Dashwood's Avatar
Elinor Dashwood Elinor Dashwood is offline
Join Date: Jul 2013
Posts: 1,337

Originally Posted by ao fan View Post
FAP is basically a writing exam though, isn't it?

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.

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.

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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