When you say how many exams you've passed...

[mcgruff]

Because of how test 3 is split into 3F and 3L (or, because of how test M is split into MFE and MLC), if you pass P/1 and FM/2 and then pass MFE and MLC (or 3F and 3L), would you say you've passed 3 exams or 4 exams? And if you've passed either MFE or MLC (or either 3F or 3L) but have not passed both of them, do you say you've passed 2-1/2 exams or 3 exams?

And just to make sure I'm clear on these particular exams, is it true that 3F and MFE are the same exam (put out jointly by CAS and SOA) but that 3L and MLC are different exams, put out by CAS and SOA respectively? Is it true that MLC works for both CAS and SOA but 3F only works for CAS? Which of these exams do you take if you aren't sure what speciality of actuary you want to be and you want to keep your options open?

[Groms14]

exams mlc and mfe put on the by the soa count for exam 3 in the cas. the other way doesnt apply though, if you take exam 3 in the cas, it will not count for mlc and mfe by the soa.

[Jo_M.]

Actually, effective starting this spring, CAS exam 3 no longer exists: it is split into 3F and 3L. All of what mcgruff said is true (except for the typo: ''MLC works for both CAS and SOA but 3L only works for CAS.'')

[Frenchy]

If it's for recruitment, just list all the exams you have passed, VEE credits you may have, and the exam you register to sit in the comming months.

Recruiters and companies are aware of what's going on in the SOA. They are updating their scales, their salary bands and their requirements to stay in line with the SOA.