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Disgruntled Student
Member
simple, they didnt meet the cutoff marks
So clever! I can tell that you're well on your way to attaining the actuarial dream. Bravo!
simple, they didnt meet the cutoff marks
When I studied CT5, I studied it over 1 sitting (i.e. about 6 months) along with another CT (so was not fully dedicated to it). When I took the CT5 exam I answered all the questions with time to spare. And yes I did pass.
So, while I agree that time pressure in CT5 is a challenge, it is actually physically possible to complete the whole paper (for some students at least).
simple, they didnt meet the cutoff marks
simple, they didnt meet the cutoff marks
you can take some solace from the fact that pass rate from India actuaries is ridiculously lower- below 20% and sometimes below 5%..
However, from my experience, I can say that whenever preparation levels are good, and by that I mean:
1 completely know the bookwork
2 solve all the practice question banks and assignments
3 solved 5-6 mock exams and studied rest of the past papers
4 got egged on by the material to search the net and look for additionnal material to enhance/sharpen understanding of topics...
then you are definitely going to pass, and sometimes going to even top!!
The preparation you mention seems like a lot of work. How does one fit life in? Going out, friends hobbies etc? If that's what your doing then I salute you.
I have considered this approach but the nature of actuarial work and our study materials, i.e the sheer boringness of it all, has meant that I'm unable to follow through with it.
I just wish I knew all this before I spent so much time working & studying in this sector
you can take some solace from the fact that pass rate from India actuaries is ridiculously lower- below 20% and sometimes below 5%..
However, from my experience, I can say that whenever preparation levels are good, and by that I mean:
1 completely know the bookwork
2 solve all the practice question banks and assignments
3 solved 5-6 mock exams and studied rest of the past papers
4 got egged on by the material to search the net and look for additionnal material to enhance/sharpen understanding of topics...
then you are definitely going to pass, and sometimes going to even top!!
Seriously? Could you be an outlier amongst the other students or is this the norm? If this is normal than it certainly looks like I'm simply not cut out for this gig. Cheers for your input.
The preparation you mention seems like a lot of work. How does one fit life in? Going out, friends hobbies etc? If that's what your doing then I salute you
I might even suggest to some people to sacrifice time on studying for a life, and take a chance on passing. Of course if it doesn't work out and you fail that's the chance you took, rather than a fault of the exam system.
It might be a fair comment to say that some of us won't be here if we knew then what we know now, but I don't think there were any misconceptions that the exams are hard.
Personally I don't want to sit easy exams and pass them easily. I want to work my ass off and get a qualification that I know I have had to earn and isn't just handed out.
Personally I don't want to sit easy exams and pass them easily. I want to work my ass off and get a qualification that I know I have had to earn and isn't just handed out.
I totally agree with this - if it was easy everyone would be doing it!
I enjoy the money I make from being able to pass exams that others can not. I also enjoy the way people are impressed when I say I am studying towards being an Actuary. But most of all, I enjoy the feeling I get from passing knowing that, in a very tough profession which only accepts the best, I am in the top 50%.