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  #1  
Old 11-17-2017, 04:58 PM
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Default Am I < fully qualified Health actuary, if GHS instead of ERM?

I'm worried that in some years down the road, due to potentially increased prevalence of the population of fellow health actuaries will then have attained CERA, people are gonna look at my exams and be like, not a CERA? Then your not as Health FSA, as a CERA Health FSA is. And it will harm my career by not having it, even if the CERA has little to do with what I do later.

Do you think my fear is legitimate?
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  #2  
Old 11-17-2017, 05:13 PM
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No
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  #3  
Old 11-17-2017, 05:19 PM
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Isn't CERA a bailout for those who can't pass the 5 hours exam in 3 sitting and flunk out of the study program?

disclaimer: not a qualified actuarial opinion.
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Old 11-17-2017, 07:05 PM
Chopin-Lover Chopin-Lover is offline
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Short answer, no. Most older actuaries don't even know what CERA is.
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Old 11-17-2017, 07:21 PM
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As someone involved in our hiring process, I couldn't really care less if you have CERA unless you can sell it to me as an advantage in how you'd fit in with our team.

With that said, I don't know what GHS is. If it means that you worked at some health system, then I probably like that.
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Old 11-17-2017, 07:49 PM
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CERA is really only for the elite at this point.

Average Actuaries can't really pass it so they dismiss it.
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  #7  
Old 11-17-2017, 08:16 PM
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Quote:
Originally Posted by DoctorNo View Post
I don't know what GHS is.
Sorry I meant GHS to abbreviate exam Group Health Specialty, one of the three Health FSA exams.

The current health FSA requirements state you may take exam ERM (Enterprise Risk Management) in lieu of GHS. ERM is required for SOA's CERA.
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Old 11-17-2017, 08:31 PM
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Quote:
Originally Posted by jas66Kent View Post
CERA is really only for the elite at this point.

Average Actuaries can't really pass it so they dismiss it.
Your post is affirming what I'm concerned about: it appears CERA is acting as a signal to employers that your an elite actuary, and that trending in the nearing future even if I'm a Health actuary, a Health FSA CERA > Health FSA.

Last edited by ScottKelly; 11-17-2017 at 09:32 PM..
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  #9  
Old 11-17-2017, 08:35 PM
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Quote:
Originally Posted by jas66Kent View Post
CERA is really only for the elite at this point.

Average Actuaries can't really pass it so they dismiss it.
ERM pass rate is in the 40's, pretty well in line with most other FSA exams.
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  #10  
Old 11-17-2017, 09:38 PM
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Quote:
Originally Posted by jas66Kent View Post
CERA is really only for the elite at this point.

Average Actuaries can't really pass it so they dismiss it.
2 more hours of exams passed + 1 module =/= elite
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