CPCU 540 for the Finance Credit?

[drsingh]

Originally Posted by Sloop John B

I passed the prelims in a year and a half, FAP took almost a year because I slacked off and moved to a new city, and the VEEs will have added another two months.

Thanks, Sloop John for the data point. I am also trying to speed up on the prelims, took P, Fm and MFE in past 3 months, signed up for C in October. Worried about overloading MLC/3L at the same time (in Nov).

But how did you do all the VEEs in 2 months? Micro, Macro and Corp Finance can be done via tests, but seems like for Stats there is no way but to take a couple of months of class and then test...

What made you choose ASA over ACAS?

[Sloop John B]

Originally Posted by drsingh

Thanks, Sloop John for the data point. I am also trying to speed up on the prelims, took P, Fm and MFE in past 3 months, signed up for C in October. Worried about overloading MLC/3L at the same time (in Nov).

But how did you do all the VEEs in 2 months? Micro, Macro and Corp Finance can be done via tests, but seems like for Stats there is no way but to take a couple of months of class and then test...

What made you choose ASA over ACAS?

I took the Actex Stats course around when I was finishing up FAP. Really it's Finance and Macro that are holding me up.

I work in health so I'm on the SOA path.

[drsingh]

Originally Posted by Sloop John B

I took the Actex Stats course around when I was finishing up FAP. Really it's Finance and Macro that are holding me up.

I work in health so I'm on the SOA path.

Don't let Macro hold you!

I took macro CLEP today, with about 10 hours of study (read both Princeton and Kaplan AP guides from local library). 78/80 -- could have done with less study So go for CLEP.

For Corporate Finance, CPCU 540 seems to be the easy option.

[StudyingIsFun]

Could someone tell me how long the CPCU 540 exam is and how many questions there are. I plan to use Prometric if that matters (sure it doesn't).

Also, I will give someone a big fat cookie if you can tell me anywhere in the Institute literature, including notes, course guide, and textbook that actually gives this extremely relevant information...yes, a big fat one!

[Sherrbear]

85 multiple choice questions, 2 hours. I finished in about 30 minutes.

[StudyingIsFun]

Originally Posted by Sherrbear

85 multiple choice questions, 2 hours. I finished in about 30 minutes.

Thanks for the info!

30 minutes, that's too much,

[mathmajor]

I'm taking this soon, too - what is the optimal combo these days for studying? Text, manual, app, other?

[waterborne]

Originally Posted by mathmajor

I'm taking this soon, too - what is the optimal combo these days for studying? Text, manual, app, other?

I just read through the book they sell (maybe it's called the course manual, I forget) and then went through the CPCU 540 iPhone app questions over and over. I think I was getting 75-85% right before I took the exam and scored around 80% on the exam.

Don't count on there being a lot of numerical questions to save you.

[mathotaku]

Originally Posted by Sherrbear

Could someone tell me how long the CPCU 540 exam is and how many questions there are. I plan to use Prometric if that matters (sure it doesn't).

Originally Posted by Sherrbear

85 multiple choice questions, 2 hours. I finished in about 30 minutes.

My experience was similar, with a score in the 80-90% range. Pass = 70%. I studied less than 15 hours with some finance/accounting background. I primarily used the SMART practice exams and QuizMe app. The textbook was sufficient for review.

Originally Posted by StudyingIsFun

Also, I will give someone a big fat cookie if you can tell me anywhere in the Institute literature, including notes, course guide, and textbook that actually gives this extremely relevant information...yes, a big fat one!

It's here.

[domer]

I am assuming we are an instant pass for this exam (since 70% is the exam threshold). Will that be an official outcome? Do do we have to wait 8 weeks to receive an official transcript like the other actuarial exams?