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Thread: ACAS vs. ASA

  1. #1
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    ACAS vs. ASA

    Why does the SOA only require 4 exams for associateship, but CAS requires 7? Is the MLC test really that hard or do all those other requirements take a long time? Or does the ACAS mean more than the ASA?

  2. #2
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    Quote Originally Posted by Professor314 View Post
    Why does the SOA only require 4 exams for associateship, but CAS requires 7? Is the MLC test really that hard or do all those other requirements take a long time? Or does the ACAS mean more than the ASA?
    SOA requires P, FM, MLC, MFE, C + 2 module exams (exam + final assessment). Seems a little higher than 4 to me.

  3. #3
    Actuary.com - Level II Poster PAK's Avatar
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    Quote Originally Posted by Professor314 View Post
    Why does the SOA only require 4 exams for associateship, but CAS requires 7? Is the MLC test really that hard or do all those other requirements take a long time? Or does the ACAS mean more than the ASA?
    From the compensation point of view, an ACAS usually gets (much) more than an ASA
    Eddy Chan FSA, CERA, MAAA

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    Should you have any questions (e.g. which exam to take first, how to take the exam, exam restructuring, etc), please feel free to send me an email.

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    Quote Originally Posted by PAK View Post
    From the compensation point of view, an ACAS usually gets (much) more than an ASA
    There's more ASAs than ACASs right? Supply / demand come into a play just a little bit I imagine.

  5. #5
    Actuary.com - Level II Poster PAK's Avatar
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    Quote Originally Posted by NoMoreExams View Post
    There's more ASAs than ACASs right? Supply / demand come into a play just a little bit I imagine.
    That's one of the reasons.

    The other reason is that one needs more exams to get an ACAS (Assume one gets the same salary increase for each exam in either SOA or CAS side. There will be higher salary increase in CAS side).

    Another reason is that it takes longer time to pass the CAS exam. Most of them have several years experience when they get their ACASs but many people get their ASAs in their first-year work (Assume using the currenct SOA syllabus)

    I am not leaning towards the CAS side. I just give out a general opinion about why an ACAS has higher salary than an ASA.
    Eddy Chan FSA, CERA, MAAA

    www.pakstudymanual.com
    PAK Study Manual Packages/Seminars for CFE/ERM/ILA/QFI Fall 2013

    Should you have any questions (e.g. which exam to take first, how to take the exam, exam restructuring, etc), please feel free to send me an email.

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