Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Long-Term Actuarial Math
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


Long-Term Actuarial Math Old Exam MLC Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #561  
Old 07-11-2019, 07:58 AM
magicjello magicjello is offline
Member
SOA
 
Join Date: Sep 2015
Posts: 142
Default

Quote:
Originally Posted by Seasplash View Post
Came across this paragraph in: https://www.soa.org/education/genera...ading-process/

"Prior to grading a preliminary pass mark is set. Papers that score well above this mark receive no further grading and have passed the exam. Papers that score well below this mark also receive no further grading but have failed. The remaining, typically one-third to one-half of the papers, will be re-graded independently by a different grader. If there is a discrepancy in the scores, the graders have a face-to-face discussion to resolve any differences. Once this step is completed the scores are considered final and all that remains is the setting of the pass mark."

I would suspect the SOA wouldn't set forth a preliminary pass mark that is so far off from the average pass mark. I think people say the test was easier because the WA was easier and had no prove or derive questions. The MC section was slightly harder than the Fall's however.
This is really interesting to read. Sadly, my biggest take away is that if they aren't double grading ALL the exams (less than 1/2?!) HOW does it take so FREAKING LONG? They need more graders because this is ridiculous. It's only 6 WA questions; and I'd hazard a guess that even the tests being double graded have a fair number of papers that have almost entirely skipped at least 1 question.
Reply With Quote
  #562  
Old 07-11-2019, 08:55 AM
InternetUser InternetUser is offline
SOA
 
Join Date: Jul 2019
Location: NYC
Studying for PA & Modules
College: A prestigious college
Favorite beer: Beer is pee
Posts: 18
Default

Quote:
Originally Posted by magicjello View Post
This is really interesting to read. Sadly, my biggest take away is that if they aren't double grading ALL the exams (less than 1/2?!) HOW does it take so FREAKING LONG? They need more graders because this is ridiculous. It's only 6 WA questions; and I'd hazard a guess that even the tests being double graded have a fair number of papers that have almost entirely skipped at least 1 question.
Probably waiting for people to spot any errors. They want to avoid situations where they dock off points for potentially faulty questions when those questions could be the difference between a 5 and 6.

Poster permabanned for trolling in exam areas. First, and last, permaban for this id. Not the first for this poster.

Last edited by Moderator1; 07-12-2019 at 01:29 PM..
Reply With Quote
  #563  
Old 07-11-2019, 09:23 AM
Dking1 Dking1 is offline
Member
Non-Actuary
 
Join Date: Mar 2015
College: Post
Posts: 87
Default

Quote:
Originally Posted by InternetUser View Post
5 of my coworkers all said that last sitting's MC was much easier than fall's, too.
But then again, I knew some coworkers who said that fall exam sitting was extremely difficult.... including myself

Last edited by Dking1; 07-11-2019 at 09:29 AM..
Reply With Quote
  #564  
Old 07-11-2019, 10:07 AM
Seasplash Seasplash is offline
Member
CAS SOA
 
Join Date: Jun 2014
Location: Arlington, VA
Studying for MLC
College: Cal Poly San Luis Obispo
Posts: 484
Default

24 hours yo! Wish you guys all good luck! Hoping for a sub-60 pass mark (a guy can dream).
__________________
P FM MFE C LTAM
Reply With Quote
  #565  
Old 07-11-2019, 11:30 AM
Master_of_my_domain Master_of_my_domain is offline
Member
SOA
 
Join Date: May 2018
College: University of Colorado
Posts: 202
Default

Had my first LTAM-related nightmare last night. Woke up thinking that I missed passing by 0.5 mark because my written answer sheets to questions 5 and 6 were lost.

Simply cannot wait to put this behind me
__________________
Exams: P FM IFM STAM LTAM SRM PA
VEE: Econ Stat CF
FAP: M1-5 IA M6-8 FA
ERM Module
APC
Reply With Quote
  #566  
Old 07-11-2019, 11:31 AM
Mr. Stoppable Mr. Stoppable is offline
Member
SOA
 
Join Date: May 2015
Studying for FAPs
College: Brooklyn College
Posts: 115
Default

Quote:
Originally Posted by Master_of_my_domain View Post
Friday morning at 10 am ET
Oh, I thought it was the 11th! I WONDERED why I hadn't gotten a text.
Reply With Quote
  #567  
Old 07-11-2019, 11:38 AM
LyActuary LyActuary is offline
Member
SOA
 
Join Date: Sep 2017
Location: Rochester, NY
College: University of Rochester
Posts: 103
Default

Quote:
Originally Posted by Master_of_my_domain View Post
Had my first LTAM-related nightmare last night. Woke up thinking that I missed passing by 0.5 mark because my written answer sheets to questions 5 and 6 were lost.

Simply cannot wait to put this behind me
OMG. The worst dream to have indeed!

You gonna pass!
Reply With Quote
  #568  
Old 07-11-2019, 11:43 AM
Seasplash Seasplash is offline
Member
CAS SOA
 
Join Date: Jun 2014
Location: Arlington, VA
Studying for MLC
College: Cal Poly San Luis Obispo
Posts: 484
Default

Quote:
Originally Posted by Master_of_my_domain View Post
Had my first LTAM-related nightmare last night. Woke up thinking that I missed passing by 0.5 mark because my written answer sheets to questions 5 and 6 were lost.

Simply cannot wait to put this behind me
Definitely would not want your question 6 answer sheet to be missing out of all questions.
__________________
P FM MFE C LTAM
Reply With Quote
  #569  
Old 07-11-2019, 11:47 AM
LetsGetIt LetsGetIt is offline
Member
SOA
 
Join Date: Jun 2016
Posts: 35
Default

graded myself at 66.5% being very strict. Hoping for a 6 lol!

Also, did you get a text even if you fail?
Reply With Quote
  #570  
Old 07-11-2019, 11:50 AM
Seasplash Seasplash is offline
Member
CAS SOA
 
Join Date: Jun 2014
Location: Arlington, VA
Studying for MLC
College: Cal Poly San Luis Obispo
Posts: 484
Default

Quote:
Originally Posted by LetsGetIt View Post
graded myself at 66.5% being very strict. Hoping for a 6 lol!

Also, did you get a text even if you fail?
I'm guessing you mean 66.5 out of 96? 66.5% is a very specific score that is equivalent to 63.84/96 lol. I graded myself both strict and moderately and got 67 and 71, respectively.

And yes, if you signed up for text message alerts you get a text saying you either passed or failed.
__________________
P FM MFE C LTAM
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 09:54 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, 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 0.40765 seconds with 10 queries