/r/actuary
Subreddit for actuarial professionals, students and interested (innocent) bystanders. Note that this subreddit is primarily US/CAN focused, however all countries are free to participate.
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Casualty Actuarial Society (US)
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/r/actuary
Having learned all of the exam 5 material, is it possible/realistic to practice for exam 5 and learn the exam 6 material over 6 months in order to pass both exams in the same sitting?
I’m looking to suffer my way through the two advanced modules for the current sittings. Next exam is either PA or ALTAM/ASTAM in April and I just sat for PA last week. Trying to figure out if I can get by with the SOA module resources or if I’d need to buy any of the additional study products. Any recommendations? Definitely looking for the path of least resistance here
For those who found exam 6 harder than exam 5; could you explain why? I'm about to study for exam 6; not really sure why it's harder? Isn't it just a lot of memorization? Exam 5 was so much "learning how to do"
For folks that took the last sitting when does everyone expect to get the results? i asume October 31st but you think potential for this week? This is my very last requirement for asa so I like to know if I get my letters haha
Anytime when I try to purchase FAP Modules, it gives me error message: Address information is missing.
I am pretty sure there is no place to enter address and I never had this issue with past purchases.
Anyone else having similar issue or know how to fix it? I did submit a ticket but haven't heard back.
Having major exam brain fog 😅 can someone remind me how we know our candidate ID # come exam day? Thanks!
On Exam 6, it seems like every time that numbers are given to use in a problem, they are given in thousands or millions. To get full credit in answers, it necessary to convert a number like 12.5 (in thousands) to $12,500?
Hey guys, I'm taking ASTAM in a couple of days. Idk if it just me but this exam seems extremely daunting. Practice exams have been rough for me too. How do yall other test takers feel?
If there also any previous test-takers that could provide any insight, that would be great
I am an ASA with close to 2 YOE in a life firm. I still earn under 100k and I just looked at the DW salary survey and saw that ASAs with close to 2YOE are earning a little over 100k on average. Am I being underpaid?
Hi all, I am preparing the exam QF on Oct 24th and only get 35/70 in 24 spring exam, it is possible to pass the exam ? what should I do to raise the score ?
Did you leave questions blank? If so, did you pass or fail?
I.e. is it possible to pass despite running out of time and leaving a few questions blank?
Hello everyone, I’ve never failed an exam before and currently sitting for my first FSA exam. I’ve been through a lot of personal change this year and it’s been tough to fully dedicate time to my exams.
Has anyone ever experience senior management “looking down” on them for failing an exam? What was this experience like?
I'm in this situation. Any tips will be super appreciated!
Hi so my exam fam is on 26 nov and at this point in time i completely feel burned out with work and studies. I will be able to complete course around 1 month before the exam date but i feel like im forgetting stuff and making silly mistakes. I feel so unprepared. I completed Fam s section around 3 months back and haven’t revised it. Do u have any advise to clear exam please help
I've always heard about the risk of being burnt out before an exam. Right now, I have massive migraines, I don't want to do any more studying, and I am feeling less confident with how prepared I am. I'm just exhausted.
Has this happened to anyone else? Is this what being burnt out means?
My husband and I have been having a rough time for the past however long he’s been studying for his upcoming exam. He’s taken exams before, but this time it’s especially hard because I am also pregnant. I’m getting more and more tired, we have a toddler, I work as well—and it’s been so stressful. Our house is a mess. We haven’t been able to spend any time together. Our toddler is teething so she’s sleeping horribly.
Please tell me what we can do to survive this time, and how I can support him in easy ways that are also not hard for me to do. I’m trying to give him grace and not become resentful, but it’s been really difficult.
Prepping to take ALTAM this Tuesday and have been practicing on a Windows laptop. On my computer, the shortcut to lock cells in formulas is Fn+F4. Does anyone know what type of computers they are at Prometric and what the shortcut is on those computers to lock cells in formulas? Thanks!
Also, for those who have taken it, are there clear directions on how to submit the excel workbook when we are done?
My exam this thrusday and i just want to make sure i don't waste too much time shuffling paper around and such.
I just took the PA exam on Friday and have decided that FAM will be my next focus (I already earned credit for ATPA by passing IFM). For those of you who also took PA, what are you planning to study next? I’m unsure whether I should wait to find out if I passed PA before diving into FAM prep. The next FAM sitting is in March, and PA is in April, so theoretically, I could take FAM and then retake PA the following month if needed. Any advice or suggestions?
Anyone here who's got some experience of working in MBB (Mckinsey, Bain, Boston) in an actuarial role?
Can you shed some light on the what kind of work would someone do there? And how the skills gained at MBB are transferrable to traditional actuarial sectors like insurance/reinsurance companies?
To the people taking it in a couple short weeks: how are we feeling about MAS I?
I just took a practice test yesterday, and while it went fairly well - there’s clearly some errors I need to iron out and some topics to study more.
For me, my problem areas are statistics theory (efficiency, sufficiency, parameter estimation theory) and ridge/lasso regression and ordinal logistic regression.
I do pretty well with probability and just recently have started breaking through on F tests and ANOVA problems. I’m happy about that! I think I’m going to keep working on the above and also spam those qualitative questions.
Anyone else have areas they’re going to focus on the next two weeks?
I'm not discussing the content of the exam or how I feel I did yet, but please take this down if it still doesn't meet the guidelines.
I just sat for exam PA and it was my first written response exam. During my studying, I simulated the real exam multiple times, doing Actex's mock exam and a lot of past exams while having no problem. But that all flew out the window during the real exam, when 30 minutes in I realized that my brain had completely zoned out and my hands had been shaking, hardly able to type out responses. It took so much strength to get through the shakiness for the next 3 hours, and I guess I never considered how hard it would be to type out responses since all I've done up to this point is multiple choice exams where you just have to click the answers.
Part of me is thinking that I got this first-time experience out of the way, and hopefully in the future I'll be more prepared for the nerves. Another part of me is still reeling from how physically and mentally difficult it was to just type. I'm frustrated that I struggled so much with something that wasn't even about the exam content. I don't want the same thing to happen in the future. Am I overreacting? Any advice? I cleared my head and breathed deep breaths as much as I could when I could remember, before, during, and after the exam.
Hi , I want to ask for the below question , I guess the question to get the marginal function of deluxe ? why they assume that the probability for the deluxe by P( T<S ) ?
I'm facing a problem with paying the fee, I've tried all my cards, and non of them worked, do you face the same issue?
Hi all, I am wondering reserve under which standard should be held if there are different bases.
For example, the business of a US company in another country would do both US GAAP and IFRS17. Reserve under IFRS17 and GAAP would be different. Which one should the insurer follow? Or if there are other practices?