2014 Review, 2015 Preview

2014 Review

I hope this has been a great year for your actuarial career. The actuarial field is full of opportunities. A common actuarial term is to calculate the “Time Value of Money”. Let’s flip the equation. Have you ever calculated the “Money Value of Time”? Sure, each day is “Full” and there does not seem to be enough time. But, if you are young, you have time on your side. A life time. What a great asset. Recall 2014. Did you make wise decisions with your time?

We are tremendously pleased with the blessings of working at Coaching Actuaries. 2014 was a fantastic year. We get great feedback from students that makes each day rewarding. There is one feedback that we hear is that the Adapt exams are more difficult than the actual exams. I’m OK with that, within reason. Here are 3 issues to consider:

1. How many people regret over preparing after the exam? Many regret being under prepared.

2. It is good to be prepared for exam day jitters, or Murphy’s law. It’s nice to know that if unexpected hiccups occur during the exam that you are prepared to overcome.

3. Much of the material in future exams builds on previous exams. Let’s face it, we forget stuff. However, over preparing for FM will make you more prepared for MFE or MLC or LC. Answering difficult Adapt questions requires understanding concepts, not just rote memorization. Concepts that are understood can be retained a lifetime. Rote memorization has a long term value of 0.

As you review 2014 exams, how prepared were you?

2015 Preview

Now is the time to set your actuarial goals for 2015. Fast forward 12 months. When you look back on 2015, what do you want to accomplish? You have time on your side NOW. Take advantage of it.

The Coaching Actuaries Team is extremely excited about 2015. We have big plans improving existing products, creating new products, and adding to staff so we are “over prepared” for your needs.

Let’s make 2015 a great year together.