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<p style=”text-align: left;”>Really not sure what they’re getting at. I was going to say that maybe it had something to do with your responses not being captured in the technology-based exam but given that this does not include regrading, it sounds like it’s to check whether your actual graded response was correctly translated to the score you actually got. Still not sure exactly why this would be a bigger risk than before.</p>
Precisely, which is what I was alluding to. They tried to pull a quick one there to save face and I almost fell for it!
You’re right. The original announcement reads,”Fall exam results are expected to be released during Q1 2021, and CAS is making every effort to release results as soon as possible.” They almost tricked me. So I guess they’re back to their old self – not having a clear answer on things.
Underpromise and overdeliver. The one thing they seem to be getting right regarding timing. I noticed that when they said, “We originally said by the end of Q1 but we think early February…”
It’s officially been eight weeks since 11/19, the start of the testing window for 5-9. Probably another three weeks if I had to guess.
One thing I find fascinating is that when you talk to someone who got their FCAS in the 90s (the True/False era), they make it sound like they had it so much harder than us. They talk about having “more exams” not having any familiarity with the degree of difficulty with recent exams.
Amp – You’re partially correct. There’s always something you can do better to pass an actuarial exam. That said, always an element of luck involved. Don’t assume the people complaining haven’t put in the work. I guarantee you there’s no one who’s gonna be passionate about these discussions who’s putting in less than 400+ solid, proactive hours per sitting. When you know you messed up and didn’t put in the work, you’re more likely to stay silent. That’s what I’ve observed but hey, I could be wrong.
Red: I would say the materials were comparable. The only new upper level materials since then that appear to be widely used now are the Cookbooks. I’ve heard of a couple others recently but I’m not sure how much adoption they’ve gotten.
To xyz: I think my point is that if the standard is high (which it currently is) and the candidates are performing at a high level on exams and an even higher level than the prior FCASs who took the easier exams, if their only response is to artificially raise the bar so less people qualify then that’s artificially exclusive (not authentically exclusive).
To Tigger: Fully agree. My favorite was when they introduced CERA and decided to grandfather a bunch of old actuaries who didn’t have to take exams. That’s a prime example.
To act_123: Fully agree. I took exams up to 2013 and they were way easier back then. I never resumed till 2019 and immediately noticed how much harder they were. It wasn’t even close.
To follow up on that, as a society, do we say that we want less surgeons so that brain surgery can be exclusive? And I’m sure they’re making tons more than actuaries and doing far more fulfilling work.
