M
mattt78
Member
haha, yeah, although the reason the CA3 pass rate went down to 20% was just that loads of people like me realised it was the last exam sitting, so thought they'd try their luck without really preparing properly.
I do really think there could be significantly increased numbers of actuarial students over the next 5-10 years, so if they don't make it more difficult, there will be increased numbers of qualified actuaries, and so, unless demand increases similarly (which I'd say is quite possible) there will be a reduction in real salary levels. So I vote they make it harder - but wait a year or two first
. But since the profession has an in-built incentive to keep standards high, I doubt things will change too much. I think there are already a relatively large number of students in the pipeline, so maybe they're already raising the bar a bit.
I do really think there could be significantly increased numbers of actuarial students over the next 5-10 years, so if they don't make it more difficult, there will be increased numbers of qualified actuaries, and so, unless demand increases similarly (which I'd say is quite possible) there will be a reduction in real salary levels. So I vote they make it harder - but wait a year or two first