I
Imy
Member
I'm starting a graduate actuarial role in September 2019 so I will be doing the new examinations. I come from a Physics undergrad background but I am currently doing a MSc in Financial Maths (with some Actuarial based modules) which means I am eligible for an exemption from CB1 on an individual basis (this is not confirmed but I'm going to assume it is for now as I achieved 80 in the exam that follows the actuarial syllabus exactly) and possibly the specialist that one used to be ST0 depending on my dissertation but I'm not sure about that.
This summer after I finish my last exam (tomorrow) I will only be working on my dissertation, not working part time or anything else besides the odd holiday so I was thinking I might try get a head start on studying for the exams. I can have access to the ActEd CMPs this summer through my university library. Also planning on learning R and getting better at Excel (both for the CM exams and for general practice as i felt on my summer internship last summer that this could be improved upon).
So far I'm thinking something like this for the exam progression (I know this is probably unrealistic as it isn't factoring in resits etc into account)
Apr-20 CS1 CS2
Sep-20 CB2 CB3
Apr-21 CM1 CM2
Sep-21 CP2 CP3
Apr-22 CP1
Sep-22 ST7 ST8
Apr-23 SA3
I was just wondering if these seems somewhat plausible or too overambitious under the new syllabus and the fact I will be studying over summer. This is bearing in mind during my masters I've taken some modules that focus on things like stochastic models, life contingencies, risk theory etc.
Also does anyone have any examples of study plans they used whether for the old syllabus or new? Just to have an idea of how many exercises/chapters one is expected to do during a working week for example.
Lastly if anyone has any idea of what the salary progression is like based on exam passes please could you let me know? Is it usually a salary increase or bonus or mixture of both? I asked my company this and they stated they're currently in progress of sorting the new policy for the new exams. Also any advice for a new grad actuary would be well appreciated too.
Thanks!
This summer after I finish my last exam (tomorrow) I will only be working on my dissertation, not working part time or anything else besides the odd holiday so I was thinking I might try get a head start on studying for the exams. I can have access to the ActEd CMPs this summer through my university library. Also planning on learning R and getting better at Excel (both for the CM exams and for general practice as i felt on my summer internship last summer that this could be improved upon).
So far I'm thinking something like this for the exam progression (I know this is probably unrealistic as it isn't factoring in resits etc into account)
Apr-20 CS1 CS2
Sep-20 CB2 CB3
Apr-21 CM1 CM2
Sep-21 CP2 CP3
Apr-22 CP1
Sep-22 ST7 ST8
Apr-23 SA3
I was just wondering if these seems somewhat plausible or too overambitious under the new syllabus and the fact I will be studying over summer. This is bearing in mind during my masters I've taken some modules that focus on things like stochastic models, life contingencies, risk theory etc.
Also does anyone have any examples of study plans they used whether for the old syllabus or new? Just to have an idea of how many exercises/chapters one is expected to do during a working week for example.
Lastly if anyone has any idea of what the salary progression is like based on exam passes please could you let me know? Is it usually a salary increase or bonus or mixture of both? I asked my company this and they stated they're currently in progress of sorting the new policy for the new exams. Also any advice for a new grad actuary would be well appreciated too.
Thanks!