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“When I was your age back in the day, I had to walk 10 miles to school in a blizzard, and uphill both ways with only 1 glove.” hehe
Hmm, Resact26, how was the study material back then? I suppose there probably are a lot less option back in the day, and perhaps not as comprehensive as the materials available today?
Maybe in a way the availability of study materials also contributed to the increased difficulties of exams?
There are definitely a lots less positions available for people working in actuarial field, than say CFA or CPA. Hey, every company needs an accounting department, but maybe 1 in 50 (that’s probably an overly generous assumption) companies needs an actuarial department.
As for the exclusivity/the grind, my theory is much more machiavellian. However, I don’t think the current AO is the right platform to discuss it, so I won’t go there.
This is awesome (regarding the $17 text book)! Thanks for the link!
Edit: Odd, I have an edit option here, but I don’t see any edit option in the exam release date thread.
Yeah… it sucks 7 and 9 isn’t offered in October. Since 8 had an extra sitting it would have been nice if they offered 7 and 9 an extra sitting as well.
I don’t know the answer. My guess is in the past the exam committee would have a meeting to approve the exam result, and they usually have 1 meeting that would approve all exams. In the past it wasn’t an issue, but this year I guess they probably met after new years and approved MAS results, and then in a couple weeks they would held another meeting to approve 5-9 results.
For one reason or the other they probably didn’t have a meeting in Dec, or maybe they didn’t want to do so before the exam window formally closed.
Again, I have no knowledge of the working of the CAS exam committee. The guess is based on my past experience with various (non CAS) committees.
The first time I read it, I missed the “MAS”… so my blood pressure just went for a roller coaster ride for nothing…
The worst part is we can’t talk about the questions in the CBT exam(s) now… there were a couple questions I was stucked on, and if I couldn’t get an understanding of it, I’d be boned again if they decide to recycle some of the questions.
