Actuarial Salary Surveys - Count MLC, MFE as 1?

[DUDog89]

It looks like all of them except for the Property and Casualty survey state that MLC+MFE=1, so since this statement isn't in the Property and Casualty survey, is it just implied or are they thought of as two separate exams?

[BAIINinja]

Companies are starting to realize that MFE and MLC are 2 full exams now.

[Fishy13]

Originally Posted by BAIINinja

Companies are starting to realize that MFE and MLC are 2 full exams now.

[act2106]

Originally Posted by BAIINinja

Companies are starting to realize that MFE and MLC are 2 full exams now.

This is probably true, but to answer the question, I think that in the P&C salary survey MFE and MLC count as 1. Otherwise it would have 7 exams before ACAS.

[hello_actuary]

MFE and MLC are quite different and both are more difficult than P and FM. How could they be treated as one exam? The number of hours I need to spend studying for MLC is longer than the total number of hours that I spent studying for P and FM.

[act2106]

Whether or not they should be counted separately has been debated before on this forum. I think they should be counted separate, but the SOA still defines them as segments of one exam and the salary surveys don't separate them.

[ebeebs]

It really only matters what your employer defines them as, since that is what effects your study time and raise/bonuses.

[mathmajor]

Originally Posted by ebeebs

It really only matters what your employer defines them as, since that is what effects your study time and raise/bonuses.

Ding ding. The programs I've seen separate these.