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  #51  
Old 05-26-2009, 08:17 AM
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Especially this part
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What is the single most important quality that makes our designation valuable? Hard exams? I don't think so. You may not agree with me, but I think the quality of our works, and the ability to deliver that quality consistently, is the reason why the FSA designation is valuable.

I think the arguement that we should make the exam harder is nonsense. Harder exam does not guarantee better actuary. You don't need ten bullets to kill a bird when one is enough.
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  #52  
Old 05-26-2009, 03:57 PM
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Originally Posted by ConfusedNY View Post
Sadly, YES, Bruce talked about this a while back.
Are we sure about this? Looks like you would need MLC, and ensure you have the VEE in Econ and Applied Stats to officially be an ASA (?) I'll go back and check my notes... DH
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  #53  
Old 05-26-2009, 04:08 PM
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See last post in this thread

http://www.actuarialoutpost.com/actu...d.php?t=116770
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  #54  
Old 05-26-2009, 04:10 PM
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Are we sure about this? Looks like you would need MLC, and ensure you have the VEE in Econ and Applied Stats to officially be an ASA (?) I'll go back and check my notes... DH
nope, a candidate can become an ASA without passing MLC, Stats VEE, Finance VEE, and FAP modules by instead choosing to go the CERA route. Upon completing all CERA requirements, ASA is automatically attained.
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  #55  
Old 05-26-2009, 04:21 PM
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OMG! come on folks. When you get your CERA designation it comes with an ASA. Freak'n tards that don't get this go to http://soa.org/education/exam-req/edu-cera-req.aspx

which states: To attain the CERA designation, a candidate must successfully complete the requirements shown below, and must have the Application for Admission as an Associate approved by the SOA Board of Directors. Requirements include examinations, an e–Learning module, validation of educational experiences outside the SOA Education system (VEE), and a professionalism seminar.

As in the requirements to get your CERA. Therefore once you complete your CERA requirements you would become

John Smith ASA CERA

Is this really that hard of a concept to grasp?
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  #56  
Old 05-26-2009, 04:26 PM
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John Smith ASA CERA

Is this really that hard of a concept to grasp?
maybe there should be more of a distinction

CERA ASA = John Smith, CERA ASA

Traditional ASA = John Smith, FAP ASA
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  #57  
Old 05-26-2009, 05:07 PM
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my old boss had

Jane Smith FCIA FCAS CRM CMA CFA

she had more letters after her name then in her name. I guess thats why she's a VP for one of the top three international insurers now.
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  #58  
Old 05-27-2009, 09:04 AM
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Freak'n tards that don't get this go to http://soa.org/education/exam-req/edu-cera-req.aspx
Wow - didn't realize this would hit the nerves so hard.... Checked the notes and re-confirmed that the SOA Board established several years back that CERA would be an ASA level designation... Resuming normal breathing patterns now.
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  #59  
Old 05-27-2009, 09:33 AM
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I still think it's wierd how SOA allows someone to be an ASA without passing the exam on Life Contingencies. The SOA was formed by the combination of 2 societies of life insurance actuaries. The concentration of life vs non-life topics is what distinguished the SOA from the CAS.

CAS requires all their members to be tested on life contingencies, but the SOA does not require all their members be tested on the very subject that is the root of its existence. Why not just eliminate exam MLC from the ASA exams and only require it for the FSA concentrations that actually use it?
Because to be a risk manager you do not need to know LC.
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  #60  
Old 05-27-2009, 10:08 AM
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Because to be a risk manager you do not need to know LC.
...but at what point should the person no longer be called an actuary? I always thought it was mastery of LC that distinguished actuaries from all other professionals. Looks like this is no longer true.
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