May 18, 2021 at 1:20 pm #4330Mathlete00Participant
Any word on whether 2022 FAC will be remote or in-person? Will a remote option be offered if in-person is also offered?
It looks like the deadline for FAC 138 DMAC & FSA modules submission is in May. Is this typical? Does this mean fellowship exams would have to been passed in Fall 2020, since spring grades are not released until July 2022?
Does this mean that in order to get my FSA in 2022, I have to finish my exams in 2021?
(I am trying to finish before the 1-1-2023 transition deadline to avoid having to take Predictive Analytics)
Thanks in advance for any insights!July 20, 2021 at 6:28 pm #5287kjewParticipant
I am in the same boat as you (trying to avoid taking PA). I believe we have to pass all our FSA exams by the Spring 2022 sitting because the results for the Fall 2022 exam administration will come out after the FSA deadline of 1/1/2023.
The following document states that you can register for the DMAC module upon becoming an ASA, but we will need to complete all other FSA requirements within two years of our DMAC credit date. https://www.soa.org/globalassets/assets/files/edu/edu-dmac-change.pdf
So I believe we can register for and submit the DMAC now because it is less than two years until the FSA deadline. The downside of this is if we don’t make the deadline (pass our final exam by Spring 2022), then not only will we have to take PA and figure out all the latest ASA changes and how they affect us, but we will potentially also have to redo the DMAC.
Therefore, I think the ideal timeline is to pass all FSA exams by Spring 2022, receive passing results in July 2022, begin DMAC and submit by August (if you are confident that you will not need more than one attempt) based on FAC #139 timeline, then attend FAC in December just in time to beat the 1/1/2023 deadline. Alternatively, you can start DMAC before receiving passing results in July 2022 (to give you more time to complete it), especially if you were confident that you did well for the exam, or you can even start the DMAC anytime now, just in case you need more than one attempt.
As for 2022 FACs, I believe the desire of the SOA is to move it back to an in-person format with e-Learning to be completed in advance. I doubt there will be a remote option when the presentations go back to being in-person, but I am not entirely sure about that. Hope this helps!January 19, 2022 at 2:18 pm #8575BirdsParticipant
That’s my plan for DMAC — I have to pass GH Finance and Valuation this Spring and complete my DMAC, so immediately after I sit for my exam I’ll download DMAC. Depending on how long grading will take, I think I can get a second attempt on DMAC if I submit it within 3-4 weeks after I sit for my exam.
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