I understand that your current employer would give you raises/bonuses on successful completion of exams. But how does it work after you have passed the first 4 exams? Do you get bonuses/pay raises for each of the modules you pass on your way to the ASA and FSA designation?
Pardon me if the question is too stupid/naive...I am trying to collect as much data as possible....
Typically your starting salary is based on the number of exams you have passed and the experience. After you finish 1-4, you still get exam raises (at my company) for finishing the modules (1-5, then 6-8). You then get exam raises for your fellowship courses and an additional raise for getting ASA/FSA.
Does the company HAVE to give you a raise? Is there any guarantee? If they insult you with $2,000 per exam I suppose you could take action and show them that salary table?
They don't HAVE to. They don't have to have a student program, either - that's the company's choice. "Why would people work for them, then?" That's a question for the actuarial students that work there. There's a consulting place locally that does not require their workers to take actuarial exams, which was foreign to me. But that's their policy - no one wants to take them if they don't have to.