The Actuarial Field

[yr]

Inspired by the talk  here http://forums.dansdeals.com/index.php?topic=51257.600 about the law field, I figured I'd start a thread about the actuarial field which has a name of being rewarding and low stress.

I went to Touro for math, took exams, had a no name internship and it took me 6 months to find a job. The job was decent paying with good benefits and no stress (9 to 5 period) when compared to other fields like accounting at similar par firms. But in the actuarial field it was considered bad. 8 months later I finally found something that's considered very solid in the actuarial field.

Basically I've been looking for a job at some degree for the past 18 months.

When people ask how I feel about my career choice I don't know what to answer. On the one hand, I've finally landed my "dream job" and will be rewarded for what I worked for. On the other hand, it's 100% conceivable that I would've never found a job in the field (like many others who went a similar route) or I would've been stuck at job that I over-studied for.

Any others out there who are/were in a similar situation (i.e. didn't go to a good college)? What are your thoughts?

[Geshmak25]

Inspired by the talk  here http://forums.dansdeals.com/index.php?topic=51257.600 about the law field, I figured I'd start a thread about the actuarial field which has a name of being rewarding and low stress.

I went to Touro for math, took exams, had a no name internship and it took me 6 months to find a job. The job was decent paying with good benefits and no stress (9 to 5 period) when compared to other fields like accounting at similar par firms. But in the actuarial field it was considered bad. 8 months later I finally found something that's considered very solid in the actuarial field.

Basically I've been looking for a job at some degree for the past 18 months.

When people ask how I feel about my career choice I don't know what to answer. On the one hand, I've finally landed my "dream job" and will be rewarded for what I worked for. On the other hand, it's 100% conceivable that I would've never found a job in the field (like many others who went a similar route) or I would've been stuck at job that I over-studied for.

Any others out there who are/were in a similar situation (i.e. didn't go to a good college)? What are your thoughts?

It will be your "dream job" for 12-24 months. Then you'll start looking for another job because at that point you will again be underpaid.

[churnbabychurn]

Is there a market for a CPA actuarry?

[yr]

It will be your "dream job" for 12-24 months. Then you'll start looking for another job because at that point you will again be underpaid.

Not arguing that point. My first job was bad from when I accepted it. I was just desperate and had no other options.

[ChaimMoskowitz]

Isn't a actuary like a weatherman? You just make predictions and sometimes they are right?

[ChaimMoskowitz]

Which exams did you already pass for your first job?

[yr]

Is there a market for a CPA actuarry?

The big 4 all have actuarial consulting groups and I believe some of those get involved in audits.

[yr]

Which exams did you already pass for your first job?

3. P, FM & MFE ,if you're familiar. I've since passed C.

[churnbabychurn]

Is it possible (for an average Joe) to pass these tests with no formal math education. Just by studying?

[ChaimMoskowitz]

Is it possible (for an average Joe) to pass these tests with no formal math education. Just by studying?

I would say no.

[churnbabychurn]

I would say no.

So I guess I'm out.

[henche]

Is it possible (for an average Joe) to pass these tests with no formal math education. Just by studying?

Yes.

[ChaimMoskowitz]

So I guess I'm out. <img src="http://s3.amazonaws.com/tapatalk-emoji/emoji53.png" />

By reading some of your posts I would not put you in the average category.

[Emkay]

By reading some of your posts I would not put you in the average category.

Is that better or worse?

[churnbabychurn]

Is that better or worse?

+1

[ChaimMoskowitz]

Yes.

The average Joe can't figure out correct change without the use of a cash register. How is he expected to learn advance mathematical equations?

[ChaimMoskowitz]

Is that better or worse?

Read his posts and you can decide for yourself.

[Emkay]

Read his posts and you can decide for yourself.

I was wondering what your perception is. I think he's quite intelligent

[ChaimMoskowitz]

I was wondering what your perception is. I think he's quite intelligent

I am insulted that you would have to ask. 

[yr]

Is it possible (for an average Joe) to pass these tests with no formal math education. Just by studying?

Hard to define "the average Joe" but if someone's formal math education ended in high school, with a good brush up on high school material, I believe that with enough time dedicated to studying, someone with a decent head can pass .