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Thread: CAS credit for exams MLC and MFE?

  1. #1
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    CAS credit for exams MLC and MFE?

    If I'm reading both the CAS and the SOA websites correctly, then the CAS will give you credit for Exam 3 if you pass both SOA Exams MLC and MFE; however, passing CAS Exam 3 does not give you credit for either of the SOA exams. Is this statement correct?

    I have not yet decided in which actuarial field I want to work. I would just as happily work in P&C as in health, life, or pensions. Regardless of which society I end up joining, I want to have credit for 3 exams by the time I graduate in December.

    I think I may be in a slightly unusual situation in that I will be applying for entry-level positions as both a recent graduate and a career changer. I have worked full-time (45-50 hours weekly) in sales for the past 9 years, and for the past 6 years I have been attending classes part-time to get a bachelor's in math, with a minor in astrophysics (usually only 2 or 3 classes per semester). I have two big strikes against me in that I am coming from a relatively "no-name" school without an actuarial science program, and my GPA is suspect, largely from courses I took well before I figured out what I wanted to do with myself in college. My GPA in my major will be about a 3.3, but my cumulative GPA will be only about 2.8. Clearly, there is no hope for me getting hired without three exams passed, and even then I figure about 90-95% of HR departments will pitch the resume because of my GPA.

    Let's say I pass both M modules. Is credit for CAS Exam 3 automatic, or will I have to officially "petition" the CAS and show my exam M scores before I get credit? I couldn't find a clear answer to this on the CAS website. I would love to be able to apply to both CAS and SOA-track jobs with 3 exams passed, as opposed to only 2 exams passed for the CAS track, and 3 for the SOA track. No sense in leaving myself out of ~25% of the available positions by dismissing the CAS credentialing process.

  2. #2
    You spam? I ban! Irish Blues's Avatar
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    Quote Originally Posted by TimDH View Post
    If I'm reading both the CAS and the SOA websites correctly, then the CAS will give you credit for Exam 3 if you pass both SOA Exams MLC and MFE; however, passing CAS Exam 3 does not give you credit for either of the SOA exams. Is this statement correct?
    Yes.

    Quote Originally Posted by TimDH View Post
    Let's say I pass both M modules. Is credit for CAS Exam 3 automatic, or will I have to officially "petition" the CAS and show my exam M scores before I get credit?
    At most, you'll just have to submit proof of passing both exams to the CAS to get credit.
    "You better get to living, because dying's a pain in the ***." - Frank Sinatra

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