Joe2010, is that sarcasm i sense?
needhelp Wrote: > > you did an excellent job. i started taking exams > back in the 90s and took several 100 series and > 200 series exams. i took a total of maybe over 20 > exams. then they changed the system and i had to > take more exams. they have now made it somewhat > easier with the self study modules thingy. I work with actuaries who took exams back then, and some people who stopped and now restarted and they seem to agree that exams/the entire process is harder now. i haven’t started doing the modules yet, but from what I hear they’re no walk in the park. But the fact that they are self paced makes it easier in the sense of getting through it. That way you don’t have to wait 6 months to retake an exam when you were only weak on a few sections of the material. I can’t wait until I at least have my ASA, UGH!!! lol
NeerajDBA Wrote: ------------------------------------------------------- > Hi all, > I put a query regarding career in Finance and you > all give me good response and guidance which will > quite helpful for me. Thanks a lot for that. But > still my one query regarding CFA vs Actuary is not > answered correctly and I am still confused > regarding that. I need a detail response from all > of you. > > I am agree with your point that both CFA and > Actuarial are quite tuff exam and need lot of > dedication and commitment. And I wanna tell you > all that I am ready for that. > But I need a guidance from all of you people as > you have experience of this field and can better > suggest me. See since I am new in Finance field > and interested to make a career in this domain. > I just need to know from all of you which one is > better to start a career in Finance field in term > of job availability, salary offered and job > security. I might be agree with your point that > finance field is currently doing very bad because > of recession but that will not the case after 1 > year I feel so and till that time lot of > opportunity will come in finance market , this is > my perception. > > So if you be optimistic then could you please tell > me which field is better for me a person from > Semiconductor industry looking for a career in > Finance domain. > > I hope your rich experience in this domain will > guide be better to decide a career path. > > Please give the clear answer for this query as I > am quite confused with it and not able to decide. > > As per my understanding CFA take around 2 to 3 > years to clear all the level ( if you not consider > the CFA designation which might require 3-4 years > work exp.) and Actuary Fellow require around 4-5 > year average, so if I look in time term CFA look > me bright to start career early in Finance, but > still I want your suggestion regarding that which > one will be better. > > Please answer me earliest. here the clean anser you want of me: in the matter of cfa or actuarial as per my observation that was made in the earlier page this thread of made: the actuarial and the cfa are animal two diferent. you cant have both animals in home of yours. your being not reasonable with this sorts of lines of questioning. the asnwer is in the mouth of the beholder. thank you kindly.
IheartMath Wrote: ------------------------------------------------------- > is that sarcasm i sense? No, I have no reason to be sarcastic. After reading your posts, you do not come across as the “typical actuary”. Which is a rare achievement, and that is why I like you.
Oh, awesome. I’m definatelyyyyyy not.
got a freaky side i see
no comment.
needhelp, are you an actuary? have i asked you that before? lol
needhelp Wrote: ------------------------------------------------------- > here the clean anser you want of me: > > in the matter of cfa or actuarial as per my > observation that was made in the earlier page this > thread of made: the actuarial and the cfa are > animal two diferent. you cant have both animals in > home of yours. your being not reasonable with this > sorts of lines of questioning. the asnwer is in > the mouth of the beholder. > > thank you kindly. LMAO
IheartMath Wrote: ------------------------------------------------------- > needhelp, are you an actuary? have i asked you > that before? lol yes
awesome, good to know!
It’s difficult to compare the number of textbooks required on preliminary actuarial exams to the CFA exams - the preliminary exams are more quantitatively focused. But the essay (FSA, the last two) exams involves some popular finance textbooks (like Hull and Fabozzi), and are more comparable to the CFA exams. The Advanced Portfolio Management exam that I just took last week involves reading six textbooks and a ~1500 note package from the Society of Actuaries. The total number of pages required to read is ~2700 pages. The Advanced Financial Economics involves four textbooks (but you need to read like the entire Hull book and the last few chapters are quite theoretical and take forever) and also a huge notes package from the SOA. For your curiosity. And you may realize that some of the required textbooks on actuarial exams are popular finance textbooks: Advanced Portfolio Management Booklist Asset/Liability Management of Financial Institutions: Maximising Shareholder Value Through Risk-Conscious Investing, Tilman, L.M., 2003, Euromoney Institutional Advisor Handbook of Fixed Income Securities, Fabozzi, F.J., Seventh Edition, 2005, McGraw-Hill Investment Management for Insurers, Babbel, D., Fabozzi, F.J., 1999, Frank J. Fabozzi & Assoc. Managing Investment Portfolios, Maginn, J.L., Tuttle, D.L., Third Edition, 2007, John Wiley & Sons Modern Investment Management: An Equilibrium Approach, Litterman, R., 2003, John Wiley & Sons Risk Management, Crouhy, M., Galai, D., Mark, R., 2001, McGraw Hill Advanced Financial Economics Booklist Financial Theory and Corporate Policy, ( Fourth Edition), 2005, Pearson/Addison Wesley Copeland, T.E., Weston, J.F., Shastri, K. Insurance Industry Mergers & Acquisitions, 2005, Society Of Actuaries Toole, J., Herget, T. Investment Guarantee: Modeling and Risk Management for Equity-Linked Life Insurance, 2003, John Wiley & Sons, Hardy, M.R. Options, Futures and Other Derivatives, (Seventh Edition), 2008, Prentice Hall/Pearson Education, Hull, J.C.