Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > General Actuarial
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson International Actuarial Jobs
Canada  Asia  Australia  Bermuda  Latin America  Europe


General Actuarial Non-Specific Actuarial Topics - Before posting a thread, please browse over our other sections to see if there is a better fit, such as Careers - Employment, Actuarial Science Universities Forum or any of our other 100+ forums.

Reply
 
Thread Tools Search this Thread Display Modes
  #51  
Old 05-04-2018, 04:59 PM
pragmatist pragmatist is offline
Member
CAS Non-Actuary
 
Join Date: Jan 2014
Posts: 169
Default

Quote:
Originally Posted by Pension.Mathematics View Post
the fact that it forces ESL folks to do the investment track is only a symptom, not the cause. Why do you keep focusing on the symptom?
It might be the case that ESL candidates happen to be more interested in the investment track, both on grounds of expectation$ and portability. Tracks involving more USA accounting/regulations sound less portable (that is, internationally) than topics of quantitative finance.

ETA: I hear you in that you know of ESL candidates who repeatedly fail FSA exams, but others' comments here reflect the opposite perception.

Last edited by pragmatist; 05-04-2018 at 05:04 PM..
Reply With Quote
  #52  
Old 05-04-2018, 05:03 PM
PeppermintPatty's Avatar
PeppermintPatty PeppermintPatty is offline
Member
CAS
 
Join Date: Sep 2001
Posts: 36,408
Default

Well, on the CAS side you can't get a credential without taking less "mathy" exams 5 and 6. so maybe it's different. But I just don't see a lot of people "lured" into a horrible situation by the early exams.
Reply With Quote
  #53  
Old 05-04-2018, 05:06 PM
Doctor Who's Avatar
Doctor Who Doctor Who is offline
Member
 
Join Date: Nov 2009
Posts: 22,943
Default

Red font is for sarcasm.

I loved taking exams!
Reply With Quote
  #54  
Old 05-04-2018, 05:21 PM
Pension.Mathematics Pension.Mathematics is offline
Member
SOA
 
Join Date: Dec 2017
Studying for Done with exams.
Posts: 680
Default

Quote:
Originally Posted by pragmatist View Post
I hear you in that you know of ESL candidates who repeatedly fail FSA exams, but others' comments here reflect the opposite perception.
i am a little surprised that people find this somehow a foreign concept.

just look at these two lists and you will see my point:

March FSA:

https://www.soa.org/Files/Exam-Resul...mes-eg6yh7.pdf

March ASA:

https://www.soa.org/Files/Exam-Resul...mes-pwupuh.pdf
Reply With Quote
  #55  
Old 05-04-2018, 05:55 PM
ao fan's Avatar
ao fan ao fan is offline
Member
 
Join Date: Apr 2007
Location: hating the ao
Posts: 100,794
Blog Entries: 1
Default

Pension.Mathematics, assuming you're a pension actuary, FSA seems to be barely valued in our field. ASA, EA is plenty, so why does it bother you that FSA exams are much different? They really aren't required for pension actuaries. It's just sort of a nice thing to have.
__________________
Be prepared to be overwhelmed by cuteness!!!!
Spoiler:
awesome, crazy, badass maltese (compliments of booger):
Spoiler:
Reply With Quote
  #56  
Old 05-04-2018, 06:26 PM
Lusus Naturae's Avatar
Lusus Naturae Lusus Naturae is offline
Member
 
Join Date: Jul 2010
Favorite beer: Yes, Please
Posts: 896
Default

Quote:
Originally Posted by Pension.Mathematics View Post
After I passed all the prelims with flying colors, I felt really good about myself, which caused unnecessary delays down the road. I just wish I was a little more prepared for the FSA level exams and I do not think the prelims or FAP helped me at all.

I only failed 1 FSA sitting so it wasn't too bad, but I know someone who failed 5 times in a row, it pains me to see them go through that.
I thought both of my FSA exams were individually easier than exam C.

And I passed C on the first try while doubling up on exam M.
Reply With Quote
  #57  
Old 05-05-2018, 01:42 AM
whoanonstop's Avatar
whoanonstop whoanonstop is offline
Member
Non-Actuary
 
Join Date: Aug 2013
Location: Los Angeles, CA
Studying for Spark / Scala
College: College of William and Mary
Favorite beer: Orange Juice
Posts: 5,773
Blog Entries: 1
Default

Great thread.

Let me add some more babble cause I like the spice.

You don't take the actuarial prelims to do anything "better" in the actuarial world. You take them to get a job.

Regardless of how you design any exam process, you'll always have people "cheesing" their way through without learning much. This has less to do with the exam itself and more to do with people not caring about the material (or just wanting an efficient route to $$$).

For example, which option do you think most people would choose?
A.) Become credentialed, but don't know anything.
B.) Know 100% of everything without being credentialed.

Which one do you think is more valuable?

-Riley
__________________
Reply With Quote
  #58  
Old 05-05-2018, 08:56 AM
pragmatist pragmatist is offline
Member
CAS Non-Actuary
 
Join Date: Jan 2014
Posts: 169
Default

Quote:
Originally Posted by ao fan View Post
The SOA used to have exams 5 and 6 instead of FAP, so you're suggesting they go back to that?
I didn't know that. If their syllabi reasonably follow the gist of CAS exams 5 and 6, then yes, I would definitely suggest going back to them and leave FAP as a failed experiment.
Reply With Quote
  #59  
Old 05-05-2018, 09:37 AM
Marcie's Avatar
Marcie Marcie is offline
Member
CAS
 
Join Date: Feb 2015
Posts: 7,470
Default

Quote:
Originally Posted by whoanonstop View Post
Great thread.

Let me add some more babble cause I like the spice.

You don't take the actuarial prelims to do anything "better" in the actuarial world. You take them to get a job.

Regardless of how you design any exam process, you'll always have people "cheesing" their way through without learning much. This has less to do with the exam itself and more to do with people not caring about the material (or just wanting an efficient route to $$$).

For example, which option do you think most people would choose?
A.) Become credentialed, but don't know anything.
B.) Know 100% of everything without being credentialed.

Which one do you think is more valuable?

-Riley
I would choose omniscience, so that I could understand where the actuarial career touched you inappropriately, Riley.
Reply With Quote
  #60  
Old 05-05-2018, 10:29 AM
ao fan's Avatar
ao fan ao fan is offline
Member
 
Join Date: Apr 2007
Location: hating the ao
Posts: 100,794
Blog Entries: 1
Default

Quote:
Originally Posted by pragmatist View Post
I didn't know that. If their syllabi reasonably follow the gist of CAS exams 5 and 6, then yes, I would definitely suggest going back to them and leave FAP as a failed experiment.
I'm not sure since i just took fap, not 5 and 6, but there are plenty of people out there who continually failed 5 and 6, but got their ASA quickly after fap was released. 5 and 6 were in existence 2000-2005 and fap came out in 2006. Prior to 2000 there were a lot of smaller exams to get asa rather than fewer larger ones. They were also offered less frequently. Travel time back then to asa was longer and there were fewer asa's
__________________
Be prepared to be overwhelmed by cuteness!!!!
Spoiler:
awesome, crazy, badass maltese (compliments of booger):
Spoiler:
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 10:59 PM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.43106 seconds with 9 queries