Is Acturial Science good to break into Investment Banking In Wall Street? What other industries can I enter after it?
I am in high school and aim to pursue a career in Investment Banking.
bump
Yes.
Actuarial science is a highly-quantitative degree, less math than a Pure Math degree; more math than engineering; same amount of math as statistics mixed with technical knowledge in insurance
I have seen one person from actuarial break into investment banking (actuarial m&a consultant -> fig investment banking). You could consider working on m&a for insurance companies as an actuary/actuarial consultant (they also get paid very well). Keep in mind that the path to becoming an actuary is more mathematically rigorous than most careers in finance and you will have to pass many standardized tests in time value of money, statistics, probability, etc to become certified.
If you are okay with working on insurance products there are a lot of career possibilities, some that are more oriented towards software development (developing actuarial software) or risk management. I've seen a lot of students at my school leverage an actuarial internship to break into risk management (usually market or liquidity risk)! I have also seen actuarial science students get into asset management work related to annuities so this may also be possible. Hope this helps!
please don't. why would you even think about putting yourself through that. you don't need that much math for IB, focus on getting into a target school then you could study history for all that matters. pursue actuarial sciences only if you want to work in heavy quant fields. IB requires quick 5th grade level math
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