tag:blogger.com,1999:blog-15402396.post2581564216383556926..comments2023-12-18T08:10:55.468-05:00Comments on A for Actuary: New client, Old clientYhttp://www.blogger.com/profile/05420510847042249219noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-15402396.post-82778750263204511352007-01-31T07:54:00.000-05:002007-01-31T07:54:00.000-05:00I just got a reply from Alberto Dominguez (Another...I just got a reply from Alberto Dominguez (Another actuarial blogger at What's an Actuary?), and here's the info: <br /><br />Quote:<br />Acceptable professional work experience as it relates to applicants seeking to become charterholder members, or regular members, includes activities that consist to a majority extent of: <br /><br />(i) evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process involving securities or similar investments, which includes, but is not limited to, publicly traded and privately placed stocks, bonds, and mortgages and their derivatives; commodity-based derivatives and mutual funds; and other investment assets, such as real estate and commodities, if these other investment assets are held as part of a diversified, securities-oriented investment portfolio; or <br /><br />(ii) supervising, directly or indirectly, persons who practice such activities; or <br /><br />(iii) teaching such activities. <br /><br />...if you became a candidate before the 2005 exam cycle, have passed Level I [in 2005 or earlier], and become a regular member by 1 July 2007 [not sure if this required you to pass level 3 by June 2006 or if there is still a chance for those who pass in June 2007 since grades don't come out until after 7/1/07] <br /><br /><br />And you are right, I was looking at the sample job titles on the CFA Institute website, actuary is not listed. It said, "it is required that you spend at least 50% of your time in investment decision-making process." Are there any actuarial jobs that involve so much time in investment decision-making?<br /><br />Hm...so if I am continuing to work in the pension/ retirement consulting field, I can't meet the experience requirement to be a charterholder? <br /><br />Well, I may need to redraft my plan again ;)<br /><br />Back to the question you asked at the beginning. What's your thoughts on handling the risk in the shrinking pension market? Are you in the same field too?Yhttps://www.blogger.com/profile/05420510847042249219noreply@blogger.comtag:blogger.com,1999:blog-15402396.post-58113380889551732382007-01-30T19:19:00.000-05:002007-01-30T19:19:00.000-05:00On a side note, CFA changed its experience require...On a side note, CFA changed its experience requirement back in 2005. Back then, if you are an actuary, you would qualify if you passed all the 3 exams. <br />But yeah, keep me posted. 10qAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15402396.post-11008503497452195322007-01-30T18:08:00.000-05:002007-01-30T18:08:00.000-05:00I know an actuary who works in the benefit consult...I know an actuary who works in the benefit consulting field and passed all of his CFA exams last year. I just dropped a line to ask him about the CFA experience requirement. <br /><br />I'll keep you posted.<br /><br />YYhttps://www.blogger.com/profile/05420510847042249219noreply@blogger.comtag:blogger.com,1999:blog-15402396.post-65357554553362287882007-01-30T16:31:00.000-05:002007-01-30T16:31:00.000-05:00I can't think of any reasons why taking CFA exams ...I can't think of any reasons why taking CFA exams would hurt you. But, I would be wondering if your experience in pension consulting would meet the CFA experience requirements for Charterholder.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15402396.post-63686634706927358872007-01-29T08:26:00.000-05:002007-01-29T08:26:00.000-05:00Considering the fact that most people switch their...Considering the fact that most people switch their jobs/careers/profession several times throughout their working years, I think job security is just like an illusion. Though, having the designation FSA/ASA under your belt will make it easier to find the next actuarial job. <br /><br />Speaking of pension consulting, personally, I'll take the CFA exams after becoming an ASA. You know, just to "diversify" your talents/skill sets.<br /><br />What's your thoughts on that?Yhttps://www.blogger.com/profile/05420510847042249219noreply@blogger.comtag:blogger.com,1999:blog-15402396.post-82966183679296622962007-01-29T00:57:00.000-05:002007-01-29T00:57:00.000-05:00I think you mentioned in your blog sometime ago th...I think you mentioned in your blog sometime ago that retirement is a big thing since there are tons of baby boomers retiring. But I do agree more with your lastest post regarding the shrinking pension consulting business. Are you afraid about your job security in years to come and any plans to handle that risk?Anonymousnoreply@blogger.com