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Posted on 3/26/13 at 9:20 am to LSUTigKyl
I thought about doing this after I graduated, ordered a study book for the first exam (Probability). I consider myself pretty good at math and statistics, and I was stumped on the material in the first chapter. Then I put it on hold for awhile, got married and had a son, and now I sure as hell don't have time for it.
If I could go back in time this is the career I would have orginially pursued.
If I could go back in time this is the career I would have orginially pursued.
Posted on 3/26/13 at 12:33 pm to LSUTigKyl
What study materials did you use or would you recommend for exam p?
Posted on 3/26/13 at 12:59 pm to reb13
quote:
reb13
Who would that be?
quote:
Getting a masters degree in actuarial sciences is kind of a waste of time he made it sound like unless you have a hard time studying on your own. People who pass the exams and fast are dedicated workers who can self motivate/study. Especially since you do this either while in school or while working a full time job.
Yeah I can see it being a waste but I feel like it would be a solid refresher course and get those who do not test proficiently prepared which the masters program may or may not do. No telling. If the first two exams will put you in the field it does not sound like a bad deal based on the financial compensation.
As there are only six in LA I am assuming they work in New Orleans. I'm also assuming there wouuld be more positions available in Charlotte as it's a decent sized financial district but I do think more than likely you would end up having to move to ATL, Chicago, or NYC which would be miseralbe.
That's interesting there are only 6 in Louisiana.
This post was edited on 3/26/13 at 1:01 pm
Posted on 3/26/13 at 1:29 pm to Mootsman
I work in the Pension/Defined Benefit field in Nashville, TN. We deal with retirement plans. I actually recommend going in a different field as the future of defined benefit plans is very uncertain.
For exam p, I used an online course through The Infinite Actuary. Google them for the web address. It's quite pricey, but it taught me everything. You do get 50% off if you are a student. If you would like a cheaper route, I would use the ACTEX manual for Exam P, but after that ACTEX is garbage, and I would go with the ASM manuals for the future exams. I hope this helps.
Edit: For the OP, I was a journalism major in Undergrad. I went back and got my masters at MTSU in Actuarial Science in order to help learn this type of math (it's very difficult) and to help move careers. I would say the Masters is very worth it if you don't already have a math degree or great command of mathematics.
For exam p, I used an online course through The Infinite Actuary. Google them for the web address. It's quite pricey, but it taught me everything. You do get 50% off if you are a student. If you would like a cheaper route, I would use the ACTEX manual for Exam P, but after that ACTEX is garbage, and I would go with the ASM manuals for the future exams. I hope this helps.
Edit: For the OP, I was a journalism major in Undergrad. I went back and got my masters at MTSU in Actuarial Science in order to help learn this type of math (it's very difficult) and to help move careers. I would say the Masters is very worth it if you don't already have a math degree or great command of mathematics.
This post was edited on 3/26/13 at 1:31 pm
Posted on 3/26/13 at 1:41 pm to LSUTigKyl
l talked with someone who works at Mercer Chicago who said pensions aren't bad if you set away from defined pensions and Start workIng with all types of retirement plans as they will never So away Since people want to retire. Your thoughts ?
Posted on 3/26/13 at 4:23 pm to GenesChin
Well it's true. Our company has many different types of pension plans and the honest truth about defined benefit plans is they can't really go away until everyone who is in the plan has been paid. Some of these plans have people that won't retire for 40 years. I personally enjoy the pension world, and plan to work in it forever.
I guess my point in it is, once you get into pension, it's really hard to ever get out and go to a different actuarial field. You get kind of pigeon holed, and there aren't near as many pension actuary firms as there is other types. So I would recommend an internship to see how you like it.
I guess my point in it is, once you get into pension, it's really hard to ever get out and go to a different actuarial field. You get kind of pigeon holed, and there aren't near as many pension actuary firms as there is other types. So I would recommend an internship to see how you like it.
Posted on 3/26/13 at 8:46 pm to Mootsman
very, very difficult. i hope your buddy is a math whiz
Posted on 3/26/13 at 11:50 pm to LSUTigKyl
I am on the final interview stages for internships at two life/health insurance companies as well as a P&C company.
Figured I would just try out whoever gave me the best offer if I get all three since it is just an internship and don't have a preference. Likely will be a health insurance provider.
What is it about the pension world that is so appealing to you as opposed to L&H or P&C
Also, do you know anything about the CERA? Everyone seems to say that is cutting edge actuarial field stuff and when the time comes I should look into it
Figured I would just try out whoever gave me the best offer if I get all three since it is just an internship and don't have a preference. Likely will be a health insurance provider.
What is it about the pension world that is so appealing to you as opposed to L&H or P&C
Also, do you know anything about the CERA? Everyone seems to say that is cutting edge actuarial field stuff and when the time comes I should look into it
Posted on 3/27/13 at 12:14 am to Mootsman
Have dealt with them with healthcare. Most are Indian and geniuses- which I am not lol
Posted on 3/27/13 at 9:36 am to Cajun Revolution
Personally I have very little knowledge of what other actuarial fields do. We do a lot of consulting with clients, which I don't think is the case in a lot of other fields. That is one big thing I like about it - talking to people and advising them. Also I just like dealing with people's benefits, and money in general.
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