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Thread: i am a noob, help me!

  1. #1
    Actuary.com - Newbie Poster
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    i am a noob, help me!

    i've been having a hard time figuring something out..

    i know that exam 1, 2 and 4 are jointly sponsored by CAS and SOA, but whats the deal with exam 3. do you have to take both sections of exam 3 whether you want to join SOA and CAS or does one organization only require one exam 3?

    thanks

  2. #2
    Actuary.com - Newbie Poster
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    also wondering..

    whichever of the CAS and/or SOA require two parts for exam 3, is it common for someone to take both parts of exam 3 in the same exam period, or is it more typical to take one and then the other?

    thanks!

  3. #3
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    Quote Originally Posted by KDRGent View Post
    also wondering..

    whichever of the CAS and/or SOA require two parts for exam 3, is it common for someone to take both parts of exam 3 in the same exam period, or is it more typical to take one and then the other?

    thanks!
    CAS has 3L and 3F vs. SOAs MLC and MFE. IIRC 3F and MFE are the one and same i.e. jointly sponsored. You would get credit for 3L if you pass MLC but not vice versa. It is not very common to take both since each one is a pretty hard exam on its own (at least on the SOA side, not sure about CAS).

  4. #4
    Actuary.com - Level III Poster (/iropracy's Avatar
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    Correct me if I am wrong here:

    (1) SOA Exam P = CAS Exam 1

    (2) SOA Exam FM = CAS Exam 2

    (3) SOA Exam MLC = CAS Exam 3L ( You get credit for 3L if you pass MLC, but not the other way around )

    (4) SOA Exam MFE = CAS Exam 3F

    (5) SOA Exam C = CAS Exam 4

    And then they go on separately. This is how I understand it.

    Does this mean there 10 exams given by CAS (considering 3F and 3L separate)?.
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  5. #5
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    Quote Originally Posted by (/iropracy View Post
    Correct me if I am wrong here:

    (1) SOA Exam P = CAS Exam 1

    (2) SOA Exam FM = CAS Exam 2

    (3) SOA Exam MLC = CAS Exam 3L ( You get credit for 3L if you pass MLC, but not the other way around )

    (4) SOA Exam MFE = CAS Exam 3F

    (5) SOA Exam C = CAS Exam 4

    And then they go on separately. This is how I understand it.

    Does this mean there 10 exams given by CAS (considering 3F and 3L separate)?.
    All of the above is correct. And, yes, there are now techinically 10 exams needed to obtain one's Fellowship designation on the CAS side.

    [Aside: However, the CAS is implementing a revised education structure; "it is expected that these changes will take several years to implement, with implementation occurring no sooner than 2011."

    Helpful links are below:

    http://www.casact.org/members/index....&articleID=557

    http://www.casact.org/cms/files/chart_3.pdf]
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