in the Engineering world there is an independent “credential / licensing” process separate from the ‘degree’. It involves a two stage test process where the first test stage is taken anytime after college and the final test stage usually after some work experience. To maintain your license there are on-going “training” requirements (professional development) but never a retest. You can let your license lapse, and can renew with refreshing your professional development.
On a side note, in my experience the new money folks are the less snooty in the real world. They respect and take care of the hard workers in our society. I learned from my parents who never made it out of the lower-middle economic strata. Luckily I made it a little higher but will never forget where I came from.
I had a friend who took the first test, and I helped him prep for it. I think the enticement was he would give me the calculator he had to use (I showed him how to use that specific calculator, bc we didn't use calculators for anything -- all our calcs were on computers w/ stuff like Maple, Mathematica, Matlab, and real coding systems like C.)
I used to help my friends with test prep all the time, bc these sorts of tests were easy to me -- the early actuarial exams were also very easy for me to prep for (the later exams, tho, were a bear.)
And New Money/Old Money is very very different now. It might be more tangible/intangible methods of gaining money... and whether one is taking risks or part of a bureaucratic machine.
I appreciate your perspective. Well said in my mind.
Loved your pod cast!! You probably know,
in the Engineering world there is an independent “credential / licensing” process separate from the ‘degree’. It involves a two stage test process where the first test stage is taken anytime after college and the final test stage usually after some work experience. To maintain your license there are on-going “training” requirements (professional development) but never a retest. You can let your license lapse, and can renew with refreshing your professional development.
On a side note, in my experience the new money folks are the less snooty in the real world. They respect and take care of the hard workers in our society. I learned from my parents who never made it out of the lower-middle economic strata. Luckily I made it a little higher but will never forget where I came from.
I had a friend who took the first test, and I helped him prep for it. I think the enticement was he would give me the calculator he had to use (I showed him how to use that specific calculator, bc we didn't use calculators for anything -- all our calcs were on computers w/ stuff like Maple, Mathematica, Matlab, and real coding systems like C.)
I used to help my friends with test prep all the time, bc these sorts of tests were easy to me -- the early actuarial exams were also very easy for me to prep for (the later exams, tho, were a bear.)
And New Money/Old Money is very very different now. It might be more tangible/intangible methods of gaining money... and whether one is taking risks or part of a bureaucratic machine.