Hello AO,
I'm currently reading a book by Tom Miller that gives insight to the entry level job market for actuaries. He says if you have four or more exams passed before your first job, it actually hurts your chances of finding one. He goes on to to explain that this phenomenon, which he calls "pricing yourself out of the market", is due to how too many exams as a new hire "breaks the formula" of how you get compensated, as compensation is typically based on a combination of exams passed AND years of experience, which is expected to rise together. As a result, having too many exams with no prior work experience means you would get paid more than what employers are willing to pay solely based on exam progress, and so they simply don't.
Thoughts?
I'm currently reading a book by Tom Miller that gives insight to the entry level job market for actuaries. He says if you have four or more exams passed before your first job, it actually hurts your chances of finding one. He goes on to to explain that this phenomenon, which he calls "pricing yourself out of the market", is due to how too many exams as a new hire "breaks the formula" of how you get compensated, as compensation is typically based on a combination of exams passed AND years of experience, which is expected to rise together. As a result, having too many exams with no prior work experience means you would get paid more than what employers are willing to pay solely based on exam progress, and so they simply don't.
Thoughts?
Too many exams can hurt entry level job search?