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Which is the best/most challenging FSA designation?

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  • Which is the best/most challenging FSA designation?

    Which is the best/most challenging among the 5 FSA designations? Why?

    1. Finance/ERM
    2. Investment
    3. Individual Life and Annuities
    4. Retirement Benefits
    5. Group and Health

    :smiloe:

  • #2
    "Most challenging", of course, is all relative. Often times, when candidates are at the stage in their career that they're taking FSA exams, they'll have had at least a little work experience, and presumably, that work experience will help you understand the advanced topics of the FSA syllabi that are built upon the basics you learn on the job and in the preliminary exams.

    For me, I work in Life Insurance primarily, but after an unsuccessful attempt at the ILA Design and Pricing exam, I decided to switch to the ERM/Finance track. It was a personal choice based on my personal outlook on the future of business and where things are trending. It was quite a challenge because I didn't have much experience with ERM/Finance topics from school or work, but I did find the material interesting and challenging.

    That's just my own experience, so you can take that for what it's worth.

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    • #3
      Originally posted by vealodev1 View Post
      Which is the best/most challenging among the 5 FSA designations? Why?

      1. Finance/ERM
      2. Investment
      3. Individual Life and Annuities
      4. Retirement Benefits
      5. Group and Health

      :smiloe:
      The FCAS:coolman:

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      • #4
        Originally posted by R_T View Post
        The FCAS:coolman:
        Hmm inability to read instructions, now it's getting clearer... :laugh:

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        • #5
          ..........
          Last edited by R_T; February 10 2010, 04:08 PM. Reason: deleted

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          • #6
            Originally posted by NoMoreExams View Post
            Hmm inability to read instructions, now it's getting clearer... :laugh:
            More like inability to read between the lines in your case.

            Comment


            • #7
              Originally posted by R_T View Post
              More like inability to read between the lines in your case.
              That's certainly a possibility. Another is people's lack of sarcasm detection without a red font.

              Comment


              • #8
                There are still many areas to be explored for ERM. The conventional actuarial skills are not yet fully applied in risk management areas. If you are interested in this field, I suggest that you should be a person who likes idea creation and innovation- innovate the actuarial skills and create your own models to meet the need of risk management.
                A&J Study Materials (anjstudymanual.com)

                Provides study manuals and questions banks for exam P/1, FM/2 and MFE/3F

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                • #9
                  Originally posted by R_T View Post
                  The only thing that is getting clearer is the fact that you have too much free time on your hands!
                  Two responses to the same post, and who, exactly, has too much free time on their hands?

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                  • #10
                    how to get to ERM/finance track?

                    What kind of work and company should i look for to be in the ERM/finance?
                    Last edited by vealodev1; December 23 2009, 06:03 PM. Reason: i made mistakes. i reposted it already

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                    • #11
                      how to get to ERM/finance track?

                      Originally posted by wat View Post
                      For me, I work in Life Insurance primarily, but after an unsuccessful attempt at the ILA Design and Pricing exam, I decided to switch to the ERM/Finance track. It was a personal choice based on my personal outlook on the future of business and where things are trending. It was quite a challenge because I didn't have much experience with ERM/Finance topics from school or work, but I did find the material interesting and challenging.

                      Im currently working for a consulting firm, particularly in the actuarial department. Usually we do valuation report on a company's retirement plan. That is, im in the track of Pension. But I would like to be in the ERM/Finance. How should i suppose to get there? What kind of work and company should i look for to be in the said field. You said in your post that you're currently in the ERM/finance. Would you mind if I ask you what kind of work you do or rather your job title and what kind of company you are working for. :smiloe:

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                      • #12
                        Originally posted by sohpmalvin View Post
                        There are still many areas to be explored for ERM. The conventional actuarial skills are not yet fully applied in risk management areas. If you are interested in this field, I suggest that you should be a person who likes idea creation and innovation- innovate the actuarial skills and create your own models to meet the need of risk management.
                        oooh that sounds challenging and exciting! im loving it more :rolleye: :coolman:

                        Comment


                        • #13
                          Originally posted by vealodev1 View Post
                          Im currently working for a consulting firm, particularly in the actuarial department. Usually we do valuation report on a company's retirement plan. That is, im in the track of Pension. But I would like to be in the ERM/Finance. How should i suppose to get there? What kind of work and company should i look for to be in the said field. You said in your post that you're currently in the ERM/finance. Would you mind if I ask you what kind of work you do or rather your job title and what kind of company you are working for. :smiloe:
                          Well, I chose to switch to the ERM/Finance track, but I am not currently employed in a position that is making the most use of the CERA credential. I'm still what you'd consider an analyst for an insurance company.

                          When it comes to ERM/Finance, you can pretty much work for any company or corporation. Obviously, how the ERM framework applies to a company differs greatly from company to company and is dependent on a multitude of factors. However, the underlying principles of ERM remain the same, from a high-level enterprise-wide point of view in analyzing risk.

                          Banks, insurance companies, financial institutions, colleges, manufacturing companies - pretty much anyone in need of a risk analyst to thoroughly consider all risks, whether market, credit, strategic, operational or otherwise.

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                          • #14
                            Originally posted by Kenneth View Post
                            Two responses to the same post, and who, exactly, has too much free time on their hands?
                            I guess we both do.
                            Last edited by R_T; December 26 2009, 06:42 PM.

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                            • #15
                              Originally posted by thesecondmouse View Post
                              I'm happy for you. keep up the good work, i decided five minutes ago am no longer interested in actuarial science. I will say this, the experience has given me a lot of insight into what i want to do with the rest of my life. good luck, and does FCAS stand for, by any chance...just kidding. It would have been a good one though, trust me. Have a great life, am never coming back to this forum, ever, I will be missed:unsure:. it was nice meeting all you people, goodbye and good luck being actuaries. :smiloe:
                              I'm sorry to hear that. I hope your decision wasn't based strictly on your experience on this forum.Best Regards & Good Luck
                              Last edited by R_T; December 26 2009, 07:37 PM.

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