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  #11  
Old 09-02-2015, 11:50 PM
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Sir Issac Sir Issac is offline
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Originally Posted by swifthat View Post
Because it's common sense?
This is the stupidest logic how is it common sense?

Why would anyone take the word of a person who only has one designation over the word of a person who ACTUALLY expereinced both sides
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  #12  
Old 09-02-2015, 11:51 PM
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Except I'm really not.

My last internship, my boss's boss is an FCAS and FSA. And that's what he told me.

What does everyone take the word of a person who has one designation over a person who ACTUALLY did both
Because he probably was taking exams 20-30 years ago, which is entirely irrelevant to the designations today (especially the last 5 years since the CAS Bloomed the upper levels)?
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  #13  
Old 09-02-2015, 11:58 PM
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He probably has zero job offers because he has too many exams...

But, really...that's extremely impressive.
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  #14  
Old 09-03-2015, 12:00 AM
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Originally Posted by JasonScandopolous View Post
Because he probably was taking exams 20-30 years ago, which is entirely irrelevant to the designations today (especially the last 5 years since the CAS Bloomed the upper levels)?
Still you wouldn't know for sure unless you have both designations (i.e. you experienced BOTH sides) it doesn't make sense to just assume the other side is easier or harder
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  #15  
Old 09-03-2015, 12:14 AM
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He'll be making 75k out of college and seriously bringing down the average FSA salary level.
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  #16  
Old 09-03-2015, 12:17 AM
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He'll be making 75k out of college and seriously bringing down the average FSA salary level.
He's an outlier. He wouldn't be included in the standard range of the dw simpson results
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  #17  
Old 09-03-2015, 12:17 AM
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Still you wouldn't know for sure unless you have both designations (i.e. you experienced BOTH sides) it doesn't make sense to just assume the other side is easier or harder
I'm no FCAS nor FSA, but FCAS is much harder to get due to the whole Bloom's Taxonomy idea which started quite recently (awful idea, IMO). Furthermore, you actually have to have prior work experience and have two FCAS actuaries write letters of recommendation to get ACAS, unlike with the ASA. [I have heard that people usually won't do this unless you have >= 1 year experience in P&C.]

Obviously the SOA thinks that the CAS has a much more rigorous general insurance track, given that the SOA gives the FCAS (essentially) a free FSA and the ACAS essentially a free ASA. (See https://www.soa.org/Education/Genera...signation.aspx, https://www.soa.org/Education/Genera...rules-cas.aspx .)
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  #18  
Old 09-03-2015, 12:18 AM
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Originally Posted by Sir Issac View Post
It's funny people say FSA is easier.

I met a guy who had both FSA and FCAS yet he said FSA upper exams were more challenging.

Idk why people assume FCAS is more difficult when they only have done one or the other
Not sure if that was me you met, but I have taken both and FSA upper exams were definitely tougher than FCAS upper level exams. There is no comparison.

Now if you are talking ASA vs. ACAS, then it is a different story. ACAS is tougher than ASA.
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  #19  
Old 09-03-2015, 12:25 AM
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Too many exams - unhirable
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  #20  
Old 09-03-2015, 12:26 AM
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Originally Posted by JasonScandopolous View Post
Because he probably was taking exams 20-30 years ago, which is entirely irrelevant to the designations today (especially the last 5 years since the CAS Bloomed the upper levels)?
I got my FSA under the current system which has very difficult upper level exams. I got my FCAS in 2001. The exams were 4 hours back then. (They were reduced to 3 hours at one time, but are back to 4 hours again.)

I studied 750 hours for the 6 hour FSA exam. I studied 450 for the 4 hour FCAS exam.

So my experience is completely relevant to the discussion.
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