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  #21  
Old 02-06-2018, 06:35 PM
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I passed MFE on my 7th attempt. There was 5 years from the first attempt until I passed.

I just don't like to study.
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  #22  
Old 02-06-2018, 08:22 PM
Pension.Mathematics Pension.Mathematics is offline
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I passed MFE on my 7th attempt. There was 5 years from the first attempt until I passed.

I just don't like to study.
out of curiosity, how did you find the fsa level exams?
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  #23  
Old 02-06-2018, 08:59 PM
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out of curiosity, how did you find the fsa level exams?
I stopped taking exams. I'm not even an ASA.
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  #24  
Old 02-06-2018, 09:05 PM
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I know someone who took P several times; I don't recall how many, but it was more than 5.

When they did finally pass, they were one of the few situations where they initially received a CBT fail, and then later were notified by the SOA that they had actually passed.

If I hadn't seen the documentation for myself, I would have been skeptical that they had actually pulled it off.
isn't P the first exam? i'm surprised they didn't just give up and find a different career.
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  #25  
Old 02-07-2018, 05:59 AM
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isn't P the first exam? i'm surprised they didn't just give up and find a different career.
It is for many people, but I think many candidates today take FM first, Ms fan.

Also, unlike when we were taking prelims, today taking P 5 times could be done in under a year. I could imagine a junior/senior Act. Sci. major not wanting to give up the dream at that point. No idea if this jibes with the situation described by NA.
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  #26  
Old 02-07-2018, 11:43 AM
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Originally Posted by Z3ta View Post
Fact: the material taught on preliminary exams is applicable to actuarial work.
Failure of the exam process: most actuaries don't think it's true.
For a reasonable definition of "applicable"? Nah (with some exceptions).

I do think they help train you to think in terms of probability and finance and enforce a minimum math competency but you could change the actual topics an incredible amount and still get the same mental training.
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  #27  
Old 02-07-2018, 11:57 AM
Westley Westley is offline
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Fact: When somebody starts out their statement with "Fact", it is not a fact, nor is it likely to be true.

I don't think things would change much if the prelims were replaced with a set of Sodukos cross sums, logic problems, and similar puzzle book stuff.
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  #28  
Old 02-07-2018, 12:01 PM
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Originally Posted by Westley View Post
Fact: When somebody starts out their statement with "Fact", it is not a fact, nor is it likely to be true.

I don't think things would change much if the prelims were replaced with a set of Sodukos cross sums, logic problems, and similar puzzle book stuff.
LOL
It might even bring in a slightly more creative crop of actuaries.
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  #29  
Old 02-07-2018, 12:15 PM
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These threads always leave me feeling my next exam will require 11 attempts.
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  #30  
Old 02-07-2018, 02:24 PM
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I don't think things would change much if the prelims were replaced with a set of Sodukos cross sums, logic problems, and similar puzzle book stuff.
But thatís actually the problem. The concepts tested are completely relevant and yet the end result is people who had a similar benefit as if they were just doing logic puzzles? Thatís not the goal here. Otherwise shouldnít anyone with a math degree be credentialed? I would argue that those people would be far better at logic puzzles.
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