Fairness of CAS3 Results out 3 weeks before SOA3

[3]

Any other SOA people out there think it is unfair that people who took the CAS 3 know whether or not they passed 3 weeks before the SOA people do given that everybody will more than likely be taking the same course 4 exam in May if they passed. It seems to me that the CAS people get an extra 3 weeks of anxiety free studing.

IT'S NOT FAIR!! IT'S NOT FAIR!! IT'S NOT FAIR!!

Any thoughts?

[cubedbee]

Nothing's fair. Switch societies or stop whining.

[Summer]

They also wrote the exam before we did, giving them less time to be ready for course 3. If you are so worried about the extra 3 weeks, then why don't you start stuying from now? The extra 3 weeks also involves christmas break (2 weeks of it, which, if i did have my results back, wouldn't be studying during anyway).

I don't think that it is a huge advantage given that no one is preventing you from studying for course 4 or 6 or whichever you plan to do next.

[Avi]

Originally Posted by 3

Any other SOA people out there think it is unfair that people who took the CAS 3 know whether or not they passed 3 weeks before the SOA people do given that everybody will more than likely be taking the same course 4 exam in May if they passed. It seems to me that the CAS people get an extra 3 weeks of anxiety free studing.

IT'S NOT FAIR!! IT'S NOT FAIR!! IT'S NOT FAIR!!

Any thoughts?

For glenn

http://actuary.ca/phpBB/viewtopic.php?t=6050

[ahow]

Beat me to it, Avi.

[Avi]

[Sunny]

Originally Posted by CubedBee

Nothing's fair. Switch societies or stop whining.

You sound like LVB now!

[Howard Mahler]

The CAS3 was given 10/30 and the SOA3 was given 11/04, so this by itself produces a week (6 days) expected difference in release date of grades.

The rest is do to a different overall set of procedures by the two societies.

CAS: No release date announced in advance.
Results of each exam released separately as soon as it is ready.

SOA: A release date announced in advance.
Results of each exam released the same day.

(Joint exams follow the SOA adminstrative rules.)

Each method has both advantages and disadvantages.

As a member of the CAS, who was among the many who helped determine the CAS way of handling this, I prefer the CAS method on balance.
(My preference is not based on the release date for one exam at one sitting.)

Howard Mahler