Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when new jobs meet your skills and objectives.


Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 09-03-2010, 03:00 PM
actuarialpost actuarialpost is offline
Member
 
Join Date: Sep 2008
Posts: 184
Smile Thanks for the suggestions and info.

It's a little bit disappointing after reading the information.

Don't know if I should pursue it as I have passed first couple of exams required for cera, and now I am working for other industry than insurance.
But don't want to waste the exams I have passed and would like to get a designation based on the exams I have passed. Any suggestions on whether I should continue to take exams in SOA or CAS?

Thanks a lot.
Reply With Quote
  #12  
Old 09-03-2010, 03:13 PM
Talmage's Avatar
Talmage Talmage is offline
Member
SOA AAA
 
Join Date: Jan 2010
Location: Plano, TX
Studying for Chess Tactics
College: Kentucky
Favorite beer: Prefer Scotch
Posts: 827
Default

Quote:
Originally Posted by Stan View Post
FYI, the module that you are referring to is now mandatory for the FSA track. So if you go for your CERA via the ERM track to FSA, you will not have to do anything else. This is what I am doing, and should be on the next CERA list.
I love how they keep changing things. Originally the FAQ said the CERA module was different and wouldn't satisfy the ERM FSA requirements, nor would the FSA module count towards CERA. Of course, that was also back a few months ago when Financial Economics was supposed to become Advanced Financial Economics for the ERM and Investment tracks, not Financial and Health Economics. They made that switch without an announcement just a month or so before release. I guess it's too much effort to create track-dependent modules, but you'd think they would have known that from the outset. Anyway, guess I'm glad I don't have to do anything else for my CERA then.
Reply With Quote
  #13  
Old 09-04-2010, 12:04 AM
studentnel studentnel is offline
Member
 
Join Date: Nov 2009
Posts: 264
Default

Quote:
Originally Posted by Talmage View Post
But CFA requires 3 years financial work experience. Traditional actuarial roles don't qualify. FRM is okay, but only offered a few times a year and on a specific date (like an actuarial exam). PRM is offered on demand any day of the year and has the same recognition as FRM, plus I believe it's cheaper. Get a PRM.

I wouldn't bother with the CERA unless it requires very little extra work. For example, I'm considering CERA because I'll already have to take AFE for my FSA track and I'm already an ASA, so it would just require doing the CERA module.
I've heard some pretty bad things about PRM... it's not bad to have, but not on the "priority" list.
Experience > CFA > FRM (depending on what you're applying for)

Networking would be in there somewhere too.

Quote:
Originally Posted by Tom View Post
I used those keywords in the graph to show the best data available for risk analyst jobs. A graph on CERA alone would include a lot of false positives, while a graph on Chartered Enterprise Risk Analyst would be flat due to the 3 year old designation.

More and more industries are begining to search out risk analysts, however they aren't as savvy to the CERA designation, yet. I expect that to change in the years to come as the economy turns around, the SOA gets the word out, and companies start to search for the best credentialed individuals to manage risk.
See bolded part ^
__________________
2 actuarial internships
Currently working full-time
Passed: SOA Exams P, FM, MLC, MFE, C, VEE Credits
Reply With Quote
  #14  
Old 09-13-2010, 04:55 PM
Talmage's Avatar
Talmage Talmage is offline
Member
SOA AAA
 
Join Date: Jan 2010
Location: Plano, TX
Studying for Chess Tactics
College: Kentucky
Favorite beer: Prefer Scotch
Posts: 827
Default

Quote:
Originally Posted by studentnel View Post
I've heard some pretty bad things about PRM... it's not bad to have, but not on the "priority" list.
Experience > CFA > FRM (depending on what you're applying for)
I have not heard this at all. First, CFA and FRM/PRM are different designations. FRM and PRM are risk specialties, whereas CFA is a financial designation, so you can't really compare them like that. The complement each other, unlike FRM and PRM which are competitors.

As far as FRM, PRM, and CERA, everything I've read has indicated PRM=FRM > CERA. If you have any evidence other than "I've heard some pretty bad things about PRM" I'd be interested in hearing it. The Wall Street Journal article featured on the SOA website a few months ago implied PRM and FRM are on par with each other (at least according to the CRO interviewed). The posts I've seen from the quants over at wilmott.com also seem to reinforce this. Risk specialists I've spoken to have also told me that PRM and FRM are equivalent. In fact, PRM was created after an internal FRM feud and is just as rigorous and well respected.

If you have any sources, please post them so I can check them out.
Reply With Quote
  #15  
Old 09-13-2010, 06:15 PM
studentnel studentnel is offline
Member
 
Join Date: Nov 2009
Posts: 264
Default

Quote:
Originally Posted by Talmage View Post
I have not heard this at all. First, CFA and FRM/PRM are different designations. FRM and PRM are risk specialties, whereas CFA is a financial designation, so you can't really compare them like that. The complement each other, unlike FRM and PRM which are competitors.

As far as FRM, PRM, and CERA, everything I've read has indicated PRM=FRM > CERA. If you have any evidence other than "I've heard some pretty bad things about PRM" I'd be interested in hearing it. The Wall Street Journal article featured on the SOA website a few months ago implied PRM and FRM are on par with each other (at least according to the CRO interviewed). The posts I've seen from the quants over at wilmott.com also seem to reinforce this. Risk specialists I've spoken to have also told me that PRM and FRM are equivalent. In fact, PRM was created after an internal FRM feud and is just as rigorous and well respected.

If you have any sources, please post them so I can check them out.
Ooops, actually it seems like it's FRM with the bad rap.

http://www.riskglossary.com/link/garp_scandal.htm
__________________
2 actuarial internships
Currently working full-time
Passed: SOA Exams P, FM, MLC, MFE, C, VEE Credits
Reply With Quote
  #16  
Old 09-14-2010, 06:40 AM
Anonymouse
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Talmage View Post
The Wall Street Journal article featured on the SOA website a few months ago implied PRM and FRM are on par with each other (at least according to the CRO interviewed).
It should be noted that the CRO interviewed probably has a lot of exposure to actuaries.

http://www.actuarialoutpost.com/actu...d.php?t=189338
Reply With Quote
  #17  
Old 09-25-2010, 10:38 AM
sanki's Avatar
sanki sanki is offline
Wiki Contributor
SOA
 
Join Date: Mar 2002
Location: Asia
Studying for ERM Exam
Posts: 449
Blog Entries: 4
Default

I noted that FRM focus on Basel II and Basel III

they seems don't care about solvency II or RBC system in insurance system in their text book or training

May be CERA can strong the field right here first and expand the territory to other areas like energy business (I heard that Australia APRA is getting into this field after the election) or other industry

one point is that to the liability, it is more complicated than asset and needs different language among different industry, risk manager can show on his merit on this part, like P&C, compare with car insurance and fire insurance, they need different knowledge...
Reply With Quote
  #18  
Old 09-25-2010, 10:55 AM
PhildeTruth PhildeTruth is offline
Member
CAS
 
Join Date: Dec 2009
Favorite beer: Allagash White
Posts: 3,236
Default

CERA isn't worth the white space it would take from the resume.
Reply With Quote
  #19  
Old 09-25-2010, 12:13 PM
tommie frazier tommie frazier is offline
Member
 
Join Date: Aug 2003
Favorite beer: The kind with 2 e's
Posts: 23,757
Default

Quote:
Originally Posted by PhildeTruth View Post
CERA isn't worth the white space it would take from the resume.
classic
Reply With Quote
Reply

Tags
cera

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 01:13 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.46636 seconds with 11 queries