How Will Accreditation Apply?

I've been getting a lot of questions on this, so lets look at the exact requirements.  Here's what students need.  Two quick reminders - there's no backdating of exemptions for courses taken before the Fall 2012 term, and you need the minimum mark in each course under each exam (an average won't do it).


EXAM FM/2
In order to get an Accreditation exemption for FM/2, a student has to achieve the following grades
ACSC116 80%
ACSC216 80%
That's two U of R courses, both with a mark of 80% or more.

EXAM MLC 

In order to get an Accreditation exemption for 

MLC

, a student has to achieve the following grades

ACSC216 75%

ACSC317 75%

ACSC456 75%

That's three U of R courses, all with a mark of 75% or more.

CAS EXAM 3L

In order to get an Accreditation exemption for 

CAS 3L

, a student has to achieve the following grades

ACSC216 75%

ACSC317 75%

ACSC419 75%

ACSC456 75%

That's four U of R courses, all with a mark of 75% or more.

EXAM MFE/3F

In order to get an Accreditation exemption for 

MFE/3F

, a student has to achieve the following grades

ACSC316 80%

This is a new course that was offered for the first time as ACSC390AC in Winter 2012 and will be offered each year as ACSC316 from now on.

EXAM C/4

In order to get an Accreditation exemption for C/4, a student has to achieve the following grades

ACSC318 80%

ACSC417 80%

ACSC419 80%

That's three U of R courses, all with a mark of 80% or more.

CIA Accreditation Process - How Will It Apply to You?

I've had questions from current and former students on eligibility.  The bad news is that there is no grandfathering of exam credits for any courses taken prior to Fall 2012.  The rationale is that the CIA can validate course content from Fall2012 onwards, but not for prior years.

• If you are entering your second year of classes and plan to take ACSC116 in the Fall of 2012 (or later), you can potentially get CIA exemptions for SOA exams FM, MLC, MFE and C.
• If you've taken ACSC116  but no higher level ACSC courses, you can potentially get CIA exemptions for exams MLC, MFE and C.  You can't get an exemption for FM without retaking ACSC116 (which would delay your graduation by a full year).
• If you've taken ACSC116 and ACSC216 but no higher level ACSC courses, you can potentially get CIA exemptions for exams MLC, MFE and C.  In this case, you can't retake 116 once you've passed 216.
• If you have completed ACSC217 but no third year courses, you can potentially get CIA exemptions for exams MFE and C.  You won't be able to get credit for MLC or FM.
• If you have completed ACSC318, you can potentially get CIA exemptions for exams MFE.  You won't be able to get credit for C, MLC or FM.
• If you are an ACSC graduate or will graduate prior to the Fall 2012 term, sorry you cannot get CIA credits for any courses.

Notice than in each case, CIA accreditation requires that you meet the minimum standard in each course mapped to the CIA exams (more on this in future posts).

In case you're feeling cold this January day...

http://www.youtube.com/watch?feature=player_embedded&v=RyUf7r_9yNs

Passer's Night Janaury 20th, 2012

Paul Gobeil at the Cooperators pased on the details of the Upcoming passer's night on Janaury 20th. 

Hello again to all the actuaries and actuarial students! I have the honour
of planning this winter's Passers' Night, a celebration of exam success and
a social gathering for the actuarial community.

Here are the details:

Date:       Friday, January 20
Time:       5:00 PM - ???? (come straight from work!)
Location:   Sparky's Family Restaurant, 3926 Gordon Rd (they have great
pizza)

This is the night every few months where we defy the actuary stereotypes
and party like it's the end of the world. (Maybe it is?) The way the event
works is that we contribute different amounts depending on which exam we
passed, and the money goes into a tab that everyone orders from. The fees
are designed to even out the motivation to party: the passers have their
exam results to celebrate, and the non-passers are getting a good deal.

For actuarial students who didn't pass, the fee is $25 (only if you
attend). FSAs don't pay anything. We're on the honour system here, but if
you passed, please pay your fee regardless of whether you are attending.
You are welcome to bring your significant other, and their fee is also $25.
Fees can be paid to me in advance or at the event.

Here is the fee schedule:

Please RSVP (to Paul) so I have an estimate of the budget and head count, and tell me
which exam you passed, if applicable.
Paul Gobeil   |   Actuarial Associate   |   Corporate Actuarial   |
Co-operators Life Insurance Company
5W - 1920 College Ave, Regina, SK   S4P 1C4   |   (306) 347-6691   |
paul_gobeil@cooperators.ca



First Day of Classes

Classes are back in session as of the 5th.  This term I'm teaching first year calculus (MATH103) and a brand new course ACSC390AC.  The 390 class will cover the material for MFE, and will become a permanent course offering ACSC316 in 2013. 

Merry Christmas to All

And a happy 2012!

An Alternative Explanation for the Normal Distribution

I was reminded that the Normal curve has also been described as the Brontosaurus distribution due to its shape.  See the attached proof...


The Brontosaurus Theorem