US vs UK actuarial exams

Sweetactuarialprincess · Mar 29, 2019

mattt78 said: ↑

I don't think you can punish people because they've paid for extra lessons (although it may seem a bit unfair to the rest of us) - if you're good enough to pass, you're good enough to pass - the standard should be the same for everyone.

I assume the profession looks at the exam papers, but you'll never know if the tutors have tailored their lessons or homework etc to the exam, or hinted to students what will be in the exam, or keep similar questions from year to year etc, so looking at the paper and syllabus alone won't give the IOA the full story. (And of course, if most people don't pass, they'll soon be out of a job, so i'd expect there's a bit of a helping hand in some way.) Also, I'd be interested to know if students on these actuarial uni courses have to wait 6 months before they re-take, like the rest of us.
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Not the case. It is a matter of law not even fact. The standard must be applied equally. The professional bodies must defend the standard. Any difference is unlawful

Sweetactuarialprincess · Mar 29, 2019

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rshenoy said: ↑

It's a bit complicated, but you specifically queried . I answered CA1 in Sep 11, have no hope of passing, in fact I think I'll do worse than my FA in April. But I have my Indian CA1 coming up next week and I am much better prepared. If I pass the Indian one then I can be exempted from the UK CA1, provided I apply after passing all CA's under the Indian scheme. But SoA does not recognise the Indian exams. Hence the plan now is to do FAP module 1 to 5 + interim and CA 2 from IoA, UK. CA2 is a couple of days' course and might not require as much time as the later modules and the final assessment - or so I think. Of course, if god forbid I flunk Indian CA1 too then it is FAP all the way for me. I am not wasting anymore time on CA1.

BTW how many modules of FAP have you completed?
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didnt know fapping was an actuarial topic, lol

Sweetactuarialprincess · Mar 29, 2019

rshenoy said: ↑

The Indian and UK systems are similar with the same set of exams and study material. There is mutual recognition of exams with exemptions. Exams are roughly spaced one month apart. Enrolling for both gives me effectively two shots at a paper. I am sure I am flunking CA1 of Sep, so am taking a go at the Indian one next week. If I am fairly confident of the UK exams then I let the Indian ones go, like I did with CA1 last time 'round only to flunk with an FA.

Apart from 2 CTs, I have cleared all the others under the UK system, hence I thought it might not be a bad idea to apply for exemptions under the US system and appear for the 2 CTs - 1 & 3: exams FM and P. The US ones, at least these two, are easy and it doesn't require revision of more than 2 days ... so why not.

And if I am slogging so much and without too much extra effort can qualify under multiple systems I ought to give it a go. Especially when there is the possible additional benefit from mutual recognition.
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Can British Nationals take the IAI exams??

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Which actuarial exam system do you think is harder?

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