I’ve been coming around to this as well. I don’t object to an industry wide exam based on data structures, algorithms binary operations, and design. My main objection is that the exam is taken repeatedly at each interview and scored under secretive conditions.

Actuaries aren’t expected to prepare for and pass a vector calculus and linear algebra exam every time they interview, but they are required to pass a proper exam consistently administered and graded.

This might be a big improvement in our field as well.