Hi,
I think we all need to understand one thing i.e. papers & exp. goes hand in hand. As 10-15 years back “Actuary” was not a boom, so the Grads. students on that time did not clear much exams if you compared to the current scenario.
And the candidates heard the word “Overqualified” from the Recruiter/ HR is just to avoid parity issues in the organisation..
Just to add companies have also faced such challenges, so they are very focused on the papers in the present scenario..
So sooner or later we won’t hear “Overqualified” in terms of papers..
Hope this will help you..
Regards,
Ayush Anand