- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Value of a CMA after a CPA
Posted on 6/26/15 at 7:40 am to GenesChin
Posted on 6/26/15 at 7:40 am to GenesChin
quote:
CPA exams are a cakewalk compared to actuarial exams so this is not recommended in the slightest
Have you sat for any of the CPA exams? No offense man but you came across as ignorant when you made that statement.
This post was edited on 6/26/15 at 7:44 am
2
Posted on 6/26/15 at 12:06 pm to PrettyLights
quote:Yes, and I passed the exam relying on the course material I was taught at LSU. My preparation was taking two practice exams.
Have you sat for any of the CPA exams?
I agree that the CPA exam is a cakewalk compared to actuarial exams.
Posted on 6/26/15 at 1:19 pm to Poodlebrain
quote:
Yes, and I passed the exam relying on the course material I was taught at LSU. My preparation was taking two practice exams.
Not a very subtle brag... Do you want a cookie or something?
Posted on 6/26/15 at 1:36 pm to PrettyLights
quote:
Have you sat for any of the CPA exams? No offense man but you came across as ignorant when you made that statement.
If you read the ensuing conversation, you would realize that more factors than individual exam difficulty drove me to make that comment.
To give an idea of how you don't know what you are talking about, most places recommend approx 300-500 hours of studying total for CPA exams. LINK1 LINK2 LINK3 ** I can provide more if you want
Compare that to the estimated 3500+ study hours necessary for the SOA track from start to finish. One exam is nearly the total amount of studying for all the CPAs
The Society of Actuaries (SOA) recommends for actuarial exams that you study 100 hours for every exam hour (e.g. 3 hour exam = 300 hours)
Exam 1/P- 3 Hours = 300 hours
Exam 2/FM- 3 Hours = 300 Hours
Exam 3/MFE- 3 Hours = 300 Hours
Exam 3/MLC- 4 Hours = 400 Hours
Exam 4/ C - 3.5 Hours = 350 Hours
FSA Exams (Exams same length for all tracks)
FSA 1 - 5 Hours = 500 Hours
FSA 2 - 5 Hours = 500 Hours
FSA 3 - 2 Hours = 200 Hours
VEEs (Can be completed with college courses)
FAP
Modules 1-8 = 50 hours/each = 400 Hours
IA- 30 Hours
FA- 20 Hours
FSA Modules 1-4 =50 hours/each = 200 Hours
This post was edited on 6/26/15 at 2:08 pm
Posted on 6/26/15 at 2:04 pm to GenesChin
It's like everyone ignored the main point I was making when I made that comment anyways. Having a FSA as an auditer/trying to move up the finance side of insurance company makes you incredibly valuable. Most actuarial departments are very wary of CFO hirings unless they trust that the new CFO will "get them"
Getting a FSA just to move up the financial side of a insurance company though is a dumb (and extremely expensive) idea.
Getting a FSA just to move up the financial side of a insurance company though is a dumb (and extremely expensive) idea.
This post was edited on 6/26/15 at 2:05 pm
Posted on 6/26/15 at 2:19 pm to iAmBatman
quote:There have been several threads on this board in which people have mentioned their struggles and successes with the CPA exam. My experience is largely irrelevant to the CPA exam as it exists today since it applies only to me and I passed the exam over 25 years ago. You might call it bragging, I call it a statement of fact that qualifies my opinion on the matter being discussed.
Not a very subtle brag... Do you want a cookie or something?
Posted on 6/26/15 at 3:30 pm to Poodlebrain
If your experience is irrelevant because the exam has significantly changed in the 25 years since you pasted it, then why bother posting the fact that you didn't need additional study materials pass? Unless of course that "statement of fact" was simply to brag.
Posted on 6/26/15 at 3:37 pm to iAmBatman
I think he was just passing along a fact??
I work with a lot of staff who are trying to pass the exam, and I tell them all the same thing. This is based on work I have done with the exam for the AICPA and also experiences of other staff who have recently taken it. I took it in 2006, so that's getting kind of old.
If you went to a good accounting school, made good grades, take the exam somewhat soon after graduation, and put an honest 70-100 hours of studying per exam section, you should easily get a 75 in each section.
Some professional exams are meant to be taken after years and years of experience. The CPA exam is not one of those.
I work with a lot of staff who are trying to pass the exam, and I tell them all the same thing. This is based on work I have done with the exam for the AICPA and also experiences of other staff who have recently taken it. I took it in 2006, so that's getting kind of old.
If you went to a good accounting school, made good grades, take the exam somewhat soon after graduation, and put an honest 70-100 hours of studying per exam section, you should easily get a 75 in each section.
Some professional exams are meant to be taken after years and years of experience. The CPA exam is not one of those.
Posted on 6/26/15 at 5:18 pm to LSUFanHouston
Agreed but his preparation was only taking 2 practice exams 
not 70-100 hours of studying for each part.
not 70-100 hours of studying for each part. Posted on 6/26/15 at 5:57 pm to iAmBatman
quote:Just a reminder of how you started this thread. What was the point of all those facts?
I passed the CPA in May and should be getting my certificate in July. My plan is to relax and take it easy for a year or so and then pursue another certification. I have 4 years of experience at a large local firm doing audit work and I'm currently at an industry position and I did some internal audit work for the state.
No amount of additional professional credentials will aid you in your desire to become a CFO if you confuse the past tense of paste with that of pass.
Posted on 6/26/15 at 6:16 pm to Poodlebrain
quote:
Just a reminder of how you started this thread. What was the point of all those facts?
to get advice...not brag
quote:
No amount of additional professional credentials will aid you in your desire to become a CFO if you confuse the past tense of paste with that of pass.
right..because a typo while typing on a iphone keyboard is the same thing as confusion
for your sake, I hope your vanity and hubris doesn't get the best of you
Posted on 6/26/15 at 7:47 pm to LSUAfro
quote:
Timing and luck sometimes are just as important as anything.
This and networking are more important than any letters behind your name
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News