Student Programs Survey: Hours & Raises

[act2106]

It's interesting to see. Thanks for posting the results.

How big was your sample size? How many CAS vs. SOA?

[thing]

I had at least partial information on 14 programs, used 13 of them, 7/6 SOA/CAS.

[Lindum]

I think you'll receive more responses if you post the request in more popular forums like Careers and NAT.

[diputz42]

Did responders tell you the company they work for in order to avoid double counting?

[thing]

No, but there weren't any two people who reported identical information, either.

[Love Actuarially]

Is the bonus information conditioned on there being a bonus? I know some companies don't pay out a bonus, so it's interesting to see a minimum of $500 for most exams.

edit: nevermind, I see that you mentioned only 1/3 of the responses included bonus info.

[jenn123]

Just curious, how many people does this survey include? I'm also wondering if it varies greatly by industry?

In case you're still collecting data, I'm in Pension Consulting and we get hours, bonuses and raises depending on the length of the exam. Bonuses and study time is cut in half on 2nd attempt pass and 0 for a 3rd attempt pass. Must pass one exam every in every 12 month period to stay in the program.

ASA level
Exams: 30 hours/hour study time, $500/hour bonus and raise
FAP 1-5: 100 hours total, $1250 bonus and riase
FAP 6-8: 70 hours total, $750 bonus and raise
VEE: 8 hours per course, no bonus or raise
$2000 bonus and $3000 raise upon obtaining credentials

FSA level
Exams: 30 hours/hour study time, $600/hour bonus and raise
Each Module: 20 hours study time, $450 bonus and raise
DMAC: 30 hours study time, $450 bonus and raise
$8000 bonus and $5000 raise upon obtaining credentials

[Bobby]

Originally Posted by jenn123

Just curious, how many people does this survey include?

Originally Posted by thing

I had at least partial information on 14 programs, used 13 of them, 7/6 SOA/CAS.

.

[Delt Mike]

Where is the place that gives $4-6K raise per exam? Sign me up.

I always wondered if any companies give PTO for passing exams. Let's say a company gives 90 hours for the 1st attempt and 60 hours for the 2nd attempt. Study hours, if done right, should be like PTO in or out of office. So, why not give a person who only needed 90 study hours to pass an exam like 24 hours of PTO or something. A cynic might always fail on the first attempt to get 150 total in-office study hours for an exam. (Playing criminal minds, I don't have such a plan, want to beat these suckers ASAP.)

[Elsaball]

Originally Posted by Delt Mike

Where is the place that gives $4-6K raise per exam? Sign me up.

I always wondered if any companies give PTO for passing exams. Let's say a company gives 90 hours for the 1st attempt and 60 hours for the 2nd attempt. Study hours, if done right, should be like PTO in or out of office. So, why not give a person who only needed 90 study hours to pass an exam like 24 hours of PTO or something. A cynic might always fail on the first attempt to get 150 total in-office study hours for an exam. (Playing criminal minds, I don't have such a plan, want to beat these suckers ASAP.)

I used to work at a place that gave that much per exam. Oh, and that's the point of a first time pass bonus