the social-life-depriving exams
i absolutely dread LOMA season. this means no hanging out on weekends because i have to sulk in my room reading those thick books. yes, they are relatively easy but heck, i don't want to come on exam day unprepared. as much as possible, i have to read the books - even if it means giving up a couple of weeks for my social life.
finally, i have finished one this afternoon - one more to go, then i'm done (i hope!). i only took the management exam for around 45 minutes (allotted time was 3 hours) because i wanted to get it over with as soon as possible. in the first place, today is a holiday and i was not supposed to be in the office premises. but no, since our EdRep enrolled us on a national holiday, we had no choice but to comply (woohoo, way to go!).
what made me finish the exam so quickly? all thanks to the sample exams! even if they're already outdated (based on the old version of the books), they were still a huge help! only a couple of questions are not applicable, but the rest are still related to the new version. a lot of them came up in the exam earlier so i only had to selectively read the question and choose the answer right away - it does not require a lot of thinking at all. but the bad thing about it is after the exam, all that i've studied are erased from my memory. yay! so if you'll ask me anything about the exam a couple of weeks after this, i bet i won't be able to answer correctly. me and my short-term memory. this is bad.
on friday will be another one - actuarial. so i'm taking a leave from work on thursday so i can answer all the sample exams at my disposal! sample exams = key to LOMA success! wish me lots of luck!
a lot of people are wondering, "you're already working, why are you still taking exams?" well most of the time i answer "to earn FLMI accreditation." silly me, why would i even say such foreign accreditation! it's not like PhD or MBA or CFA known by majority. so follow up question would be, "what's FLMI?" and my inconsiderateness (yes, the word is in the dictionary) got me again so i answer "fellow of life management institute"
so what's at stake here? why am i giving up my social life to study for these exams? i took the liberty of researching about the FLMI designation and here's what i got:
The award-winning FLMI Program is a 10-course, professional development program that provides a comprehensive business education in the context of the insurance and financial services industry. Established in 1932, the FLMI Program is the world’s largest university-level education program in insurance and financial services. More than 80,000 students throughout the world have earned the FLMI designation. The FLMI Program has received worldwide recognition, and many courses are available in English, Spanish, Portuguese, Bahasa Indonesia, Simplified Chinese and Traditional Chinese, Korean, and French.
About the Program
The FLMI curriculum provides key knowledge of how this complex industry operates and an individual's role in the industry’s continued strength in the global economy. The 10 courses provide a comprehensive business education in the context of the insurance and financial services industry. To earn the FLMI designation, students must successfully complete 10 self-study courses.
The FLMI program features a solid introduction to industry terms, functional areas, processes, and area and product-specific knowledge in marketing, administration, and financial reporting.
Who Should Enroll
FLMI courses provide a foundation of insurance knowledge to foster your success in the insurance and financial services industry and teach the principles of business in a framework of policies, practices and examples relevant to
the financial services industry, with a focus on life insurance within that industry.
By earning the FLMI designation, you will demonstrate significant commitment to the industry and your career, distinguish yourself as an industry expert and
excel with the specialized knowledge you possess.
Other Additional Statistics:
90% state earning a LOMA designation helped their career
75% apply knowledge gained through LOMA courses to their jobs
60% believe their LOMA designation enhances their credibility
55% were promoted after earning a LOMA designation
sounds convincing, eh? out of the 10 required exams, i already passed 8 and i'm taking 2 this season (1 done!). i'm not in high hopes that earning this FLMI designation will do a lot for me. besides, i was told that after completing the FLMI program, i will only have a meager, if not insignificant, increase in salary (take note: it's taxable!). but still, an accreditation is still an accreditation. it's better than nothing. at least it's something i can put on my resume. and i'll have a diploma for completing the course. nice, eh?
what's next? how about CFA? ain't got money for that yet! let's see...
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