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  #1  
Old 01-05-2007, 11:35 AM
sunzhoujian sunzhoujian is offline
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Default Do you guys also take CFA for the investment track

I am just curious. I have the strong interest in this area as well, but I don't know if this is very difficult or not...
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  #2  
Old 01-05-2007, 12:01 PM
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WWSituation WWSituation is offline
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If you have the interest, then I recommend taking the exams.

I did it when I was clear that I wanted to do the investment track. It is difficult to crossover without a differentiator like a CFA charter.

As for how difficult it is, I did it alongside SOA and EA exams. I didn't really feel the strain until I tried taking level 3 with EA-2B. You need about 120 hrs for level 1 and around 200 for levels 2 and 3 - depending on how you study,
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We, the actuarial profession, did several things badly.

1. Pandering - we marketed ourselves as finding clever ways to give the public pension sponsors something for nothing
2. Ignored consequences - we found clever ways to allow politicians to ignore the true costs of benefit increases, like negative amortization of losses
3. Low standards of measurement - GASB had the most simple-minded of standards, and is now only going half-way to raise the standard.
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Old 01-05-2007, 01:14 PM
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Under General Exams there is a section on the CFA.

I jsut took #1 but don't know results yet. I didn't study a lot for it (60ish hours). But I have a pretty solid background on the material in CFA 1.
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Old 01-05-2007, 01:17 PM
Kabaka Kabaka is offline
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Quote:
Originally Posted by sunzhoujian View Post
I am just curious.
No kidding.

Take CFA along with FSA. It would probably be handy to pick up a CA at some point and if you've got time a Ph.D and MD. Although the MD will probably be just gravy, so leave that one till the end.
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Old 01-05-2007, 01:22 PM
DW Simpson DW Simpson is offline
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Originally Posted by sunzhoujian View Post
Do you guys also take CFA for the investment track
http://www.actuarialoutpost.com/actu...3&postcount=30
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Old 01-05-2007, 02:12 PM
sunzhoujian sunzhoujian is offline
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Originally Posted by D.W. Simpson Webmaster View Post
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Originally Posted by sunzhoujian View Post
Do you guys also take CFA for the investment track
http://www.actuarialoutpost.com/actu...3&postcount=30
Thank you for the link. Sometimes that I think a good BB like this really need moderator to direct people to the right knowledge. Thank you for your help.
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Old 01-05-2007, 02:56 PM
tommie frazier tommie frazier is offline
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Originally Posted by sunzhoujian View Post
Thank you for the link. Sometimes that I think a good BB like this really need moderator to direct people to the right knowledge. Thank you for your help.

ok, now seriously. with this line should we ask claude to stop posting all these questions under his new ID or what? or is it a dig at tom suggesting he is a poor moderator? I'm confused...
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Old 01-05-2007, 03:35 PM
donkey donkey is offline
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Note that traditional actuarial experience no longer qualifies for membership in CFA institute which means you can't get the designation (even if you pass the exams).

If you work directly in investments (even as an actuary) you may be fine. Otherwise, be prepared to have the exams with no designation.
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Old 01-05-2007, 03:40 PM
sunzhoujian sunzhoujian is offline
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Quote:
Originally Posted by donkey View Post
Note that traditional actuarial experience no longer qualifies for membership in CFA institute which means you can't get the designation (even if you pass the exams).

If you work directly in investments (even as an actuary) you may be fine. Otherwise, be prepared to have the exams with no designation.
Thanks a lot for this reminder. Sometimes the little thing like this can cause big frustration if I don't know that ahead...
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Old 01-05-2007, 03:48 PM
winky the pirate winky the pirate is offline
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Quote:
Originally Posted by donkey View Post
Note that traditional actuarial experience no longer qualifies for membership in CFA institute which means you can't get the designation (even if you pass the exams).

If you work directly in investments (even as an actuary) you may be fine. Otherwise, be prepared to have the exams with no designation.
When did this happen? I know an actuarial student not working in an investment-related field who passed Level 3 last year and is a charterholder. I thought they were trying to exclude academians with that rule.

EDIT: There are some loopholes it seems.

Last edited by winky the pirate; 01-05-2007 at 04:15 PM..
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