Raises for MFE...

[dschobel]

MFE has become a creature totally separate from MLC at this point. It shouldn't be considered one part of a larger whole anymore.

[NerdAlert]

Originally Posted by dschobel

MFE has become a creature totally separate from MLC at this point. It shouldn't be considered two parts anymore.

I'm with you there. I hate when I'm talking to other actuaries and they ask how many exams I have. Two and a half, I guess? It's an entirely separate exam, it should be treated as such.

[NerdAlert]

Originally Posted by am_vanquish

$2500 raise & $1000 bonus. I'm also in consulting ... so the fact that I work a minimum of 10 hours a day & never get to study lowers my chances of passing and reduces the expected present value of the raise/bonus.

And on a side note, what do you think the expected number of exams per year is in insurance? At least one? Of my coworkers, about two of us (out of seven) pass an exam in a year. Some of us haven't passed in several years. There have been a couple sittings where none of us passed.

[am_vanquish]

Originally Posted by NerdAlert

And on a side note, what do you think the expected number of exams per year is in insurance? At least one? Of my coworkers, about two of us (out of seven) pass an exam in a year. Some of us haven't passed in several years. There have been a couple sittings where none of us passed.

Be thankful for your supervisor, mine's a bit of a hard-@$$. We've got about 6 students taking exams (2 are taking FSA exams) and we average 1 pass per sitting between all of us. There's a distinct correlation (negative, of course) between billable hours attainment and exam success, which makes this process even more frustrating. We had one guy who was flying through the exams & getting every raise/bonus while we failed miserably & suffered through a salary freeze even though he billed much less work. He eventually left after getting his ASA because he had "an offer he couldn't refuse."

[greeneggs]

unemployed... :/

[NerdAlert]

Originally Posted by am_vanquish

Be thankful for your supervisor, mine's a bit of a hard-@$$. We've got about 6 students taking exams (2 are taking FSA exams) and we average 1 pass per sitting between all of us. There's a distinct correlation (negative, of course) between billable hours attainment and exam success, which makes this process even more frustrating. We had one guy who was flying through the exams & getting every raise/bonus while we failed miserably & suffered through a salary freeze even though he billed much less work. He eventually left after getting his ASA because he had "an offer he couldn't refuse."

Your company sounds eerily like mine. When it was announced that there would be no annual increases back in April, I decided right then that I was going to put much more effort into these exams, since they were the only shot I had at getting a raise in 2009. Maybe in 2010, but we haven't heard yet.

We have a billable hours goal of 1600. Thankfully study time reduces that goal, but I'm only on track to get around 1650.

[Joeshmo]

Originally Posted by dschobel

MFE has become a creature totally separate from MLC at this point. It shouldn't be considered one part of a larger whole anymore.

If only, it is counted as half an exam for exam raise purposes at my company.