Spring 2021 Exam 5 Discussion Thread

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Viewing 16 posts - 17 through 32 (of 34 total)
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  • #3028
    actuarymelissa
    Participant

    I typically don’t finish but I was closer this last sitting but did actually worse than the October 2019 sitting.  So my results make no sense and I will never know how they graded December 2020 sitting now.  I’m going to focus on doing reserving questions first since I did this in October 2019 and got a 5 on exam but just didn’t finish exam.  Seriously I complained to CAS several times exam was too long but again they don’t care.

    #3030
    Roast_Beef
    Participant

    @actuarymelissa: So I guess your main motivation is because of your work related needs to pass the exam?

    #3031
    resact26
    Participant

    Honestly, all the fellowship exams are long. You have to find a way to be quicker cause they don’t get any shorter or easier after ACAS. The CAS is not gonna make it any easier even if it’s unreasonably long. And the fellowship exams are graded much more harshly. All the candidates are faced with the same reality, as inconvenient as it happens to be.

    #3035
    ElActuaryo
    Participant

    I have to agree with actuarymelissa here. I failed 5 twice due to lack of time and I’ve passed all the other exams on the first try (including 8 and 9 / currently waiting on 7)

    #3036
    mathlete
    Participant

    I failed my first sitting of Exam 5 primarily due to lack of time. Spring 2021 will be my 2nd sitting. I just got off the phone with Pearson and the closest exam center they have for me is a 5 hour drive.

    #3041
    KiwiBO
    Participant

    Took me 3 attempts. I felt like time is less issue on CBT now comparing to previous rediculus calculator work on those triangles. But good luck and all the best for your next sitting@actuarymelissa . To some extend, this kind of exam is more like about commitment.

    #3042
    Roast_Beef
    Participant

    Is Bedford and TIA pretty much the only prep materials that are worth considering for Exam 5? And is TIA the only resource where questions could we asked and instructor will answer? I get the impression that Bedford does not have this Q&A capability.

    #3044
    actuarymelissa
    Participant

    Well it’s only way to get promoted, I’ve maxed out my current position.

    #3086
    actuarymelissa
    Participant

    No I never have finished the exam, I have minimized it to only having 4 questions left.  However, I know colleagues passed exam and they didn’t finish entire exam.

    #3087
    actuarymelissa
    Participant

    I was able to schedule exam with Pearson however it’s a 4 hour drive.  I’m going to keep trying to get testing center that is only 18 miles from me not 250 miles away.  This is what the CAS told me to do.  They also told me to go back and keep trying trying to schedule at the local one in case time pops up.  This to me is so ridiculous as I didn’t have this problem scheduling in 2020 at the same location since they have like 3 times to choose from.

    #3099
    ChrisH
    Participant

    @actuarymelissa – I’m sorry you’ve had to deal with this exam for so long.  When you say 4 questions, do you mean 4 complete questions or just 4 sub-parts?  Leaving 4 questions entirely blank is way too many.  That’s over 15% of the exam and leaves such little room for error on the rest of the exam.

    #3110
    Jim Bedford
    Participant

    @Roast_Beef

    I do not have a stand alone forum like TIA, but I do answer questions through email.

    #3115
    actuarymelissa
    Participant

    I was meaning the question, sometimes I do complete subparts on certain questions.  I think I’ll stick to starting at the end of the exam where reserving questions are since these are easier to do.  My last score made no sense whatsoever.  I did finally get exam scheduled at Pearson for this sitting.  It had to complain to CAS a few times to get what I wanted and I did finally.

    #3119
    ChrisH
    Participant

    Have you tried just doing the highest point value questions first and leaving the smallest ones until the end?  I feel like if you just got through the entire exam you’d pass easily.  With the exam being in “Excel” you should be able to finish the entire exam in four hours.  I wound up skipping half of a problem due to running out of time, but that’s because I spent entirely too much time on the big indication problem.

    #3131
    actuarymelissa
    Participant

    Yes I’ve done that strategy and even got full credit on the high point problems like indication or Berqest-Sherman.  I still didn’t pass.

    #3940
    mathlete
    Participant

    Hello fellow Exam 5 takers (current and past),

    I searched Google and YouTube on CAS Exam 5 Strategies and came up empty. I am wondering what the best strategy is for exam day. For exams P, FM and IFM, I learned to go through the questions in order, solve the problems I knew I could complete in less than 5 minutes and mark the problems I knew I could complete but would take longer than 5 mins. Then, once I got through the first pass, I would go back and complete the marked ones and after that attempt all other remaining questions with whatever time I had left. If I got through all questions, I would then go back and review all that I had time for.

    Exam 5 may not be as straightforward because as we all know, some questions are worth more than others. I am hoping that people who have already passed this exam can provide some tips on how they took on this beast of an exam. Any tips from current Exam 5 takers are appreciated as well!

    Thanks,

    Mathlete

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