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

Browse Open Actuarial Jobs

Life  Health  Casualty  Pension  Entry Level  All Jobs  Salaries


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 01-11-2020, 08:56 PM
NoobGingrich NoobGingrich is offline
SOA
 
Join Date: May 2016
Location: Dalton, GA
Studying for STAM
College: Actuary High School
Favorite beer: Steel Reserve
Posts: 24
Default Company Study Programs

My company has a pretty annoying exam program. You have to sit twice a year cant fail an exam more than three times and roughly need to maintain 50% pass rate. Is this standard sounding? I find it annoying that I have to test twice a year and can't do them on my own time. What's the point in making me sit for an exam I know I'm notready for.
Reply With Quote
  #2  
Old 01-11-2020, 09:16 PM
NormalDan's Avatar
NormalDan NormalDan is offline
Member
CAS
 
Join Date: Dec 2016
Location: NJ
Posts: 10,880
Default

Quote:
Originally Posted by NoobGingrich View Post
My company has a pretty annoying exam program. You have to sit twice a year cant fail an exam more than three times and roughly need to maintain 50% pass rate. Is this standard sounding? I find it annoying that I have to test twice a year and can't do them on my own time. What's the point in making me sit for an exam I know I'm notready for.
This is pretty standard IME. I assume they give you study time? I'd imagine they'd be pretty critical of any reasons you have for not being ready.
Reply With Quote
  #3  
Old 01-12-2020, 02:34 PM
NoobGingrich NoobGingrich is offline
SOA
 
Join Date: May 2016
Location: Dalton, GA
Studying for STAM
College: Actuary High School
Favorite beer: Steel Reserve
Posts: 24
Default

Sure, but they could just as easily say you get X amount of hours for attempt 1, Y amount of hours for attempt 2, etc. Then you could just fill in the gaps with your own time for any exam you find difficult. Mandatory sitting twice a year just reinforces cramming and dumping, rather than actually learning and retaining material.
Reply With Quote
  #4  
Old 01-12-2020, 04:50 PM
CuriousGeorge CuriousGeorge is offline
Member
CAS SOA
 
Join Date: Dec 2005
Posts: 1,601
Default

They could, but they don't. So you work with how your program is set up. They expect you to put in sufficient of your own time to be prepared, in return for the time they are giving you. If you are committed to exams, six months is plenty of time to work through the material and be ready to give it a reasonable shot.
Reply With Quote
  #5  
Old 01-13-2020, 10:04 AM
Kenny's Avatar
Kenny Kenny is offline
Member
Non-Actuary
 
Join Date: Jan 2003
Posts: 8,358
Default

The timing is a legacy from when all exams were only ever offered twice per year, at most. However

Quote:
Originally Posted by CuriousGeorge View Post
They expect you to put in sufficient of your own time to be prepared, in return for the time they are giving you. If you are committed to exams, six months is plenty of time to work through the material and be ready to give it a reasonable shot.
If you can't sit for an exam at least twice per year, you need to rethink this career choice. And this coming from someone who had a wife and children from basically the time I started working and took longer than average to get credentials.
__________________
Play Free Games and Win Real Money
I am a scientist. I am sorry to disappoint you but I have never seen an elf or a troll. But who am I to exclude their existence? - Arni Bjoernsson
You are stupid and evil and do not know you are stupid and evil. ... Dumb students are educated stupid. - timecube.com
Usually while I'm reading, I'm actually thinking about...midgets riding toy horses - Roto


Reply With Quote
  #6  
Old 02-13-2020, 06:18 PM
NoobGingrich NoobGingrich is offline
SOA
 
Join Date: May 2016
Location: Dalton, GA
Studying for STAM
College: Actuary High School
Favorite beer: Steel Reserve
Posts: 24
Default

Ok but all the exams arent held on june 30th and December 31st. With this structure, say you fail in february; you now have to retest in June and then, since that's not technically in july yet, you now have to test in October for your next exam. And dont say just retest in October instead of June bc that's not allowed.

Is that enough for you? A cool 2 months for a non-P/FM/MFE exam? Or do you want to retract the smugness?
Reply With Quote
  #7  
Old 02-13-2020, 07:12 PM
CuriousGeorge CuriousGeorge is offline
Member
CAS SOA
 
Join Date: Dec 2005
Posts: 1,601
Default

Why isn't that allowed? You said you had to sit twice a year. February and October make twice in a year.

And if two months wasn't enough, take it and fail, and you still get two more attempts the following year.
Reply With Quote
  #8  
Old 02-13-2020, 08:49 PM
NoobGingrich NoobGingrich is offline
SOA
 
Join Date: May 2016
Location: Dalton, GA
Studying for STAM
College: Actuary High School
Favorite beer: Steel Reserve
Posts: 24
Default

There are other rules that I left out so that the post wouldnt get confusing. But I cant skip an available sitting that's more than 10 weeks away, and need to maintain 50% pass rate, which failing in October would put me under. Is it just me or does this sound a bit insane? It's not like we're exceptionally paid or given an insane amount of hours or anything either
Reply With Quote
  #9  
Old 03-18-2020, 08:16 PM
Relmiw Relmiw is offline
Member
CAS
 
Join Date: Apr 2013
Posts: 206
Default

Quote:
Originally Posted by NoobGingrich View Post
Is it just me or does this sound a bit insane?
Not just you. Sounds like a bad policy to me. I wonder if that company has been burned by people stagnating and is overcompensating.
Reply With Quote
  #10  
Old 03-18-2020, 11:07 PM
hrm57's Avatar
hrm57 hrm57 is offline
Member
SOA
 
Join Date: Mar 2019
Posts: 131
Default

Pretty normal policy IMO
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 06:54 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 0.18287 seconds with 11 queries