Actuary vs. CPA

Good Evening Monkeys,

Currently, I go to a non-target majoring in Accounting. However, I find it really boring and feel that I can do better as an Actuary. All I need to do is pass a certain number of exams before I hit the salary level that I am comfortable with. I find this as a better alternative to getting a Masters in Accounting and working as a CPA.

I am wondering is doing Actuarial Work at a top firm (Towers Watson) more prestigious than Big 4 Audit for a Top MBA to break into consulting? Or am I better off going the traditional route, doing a Masters in Accounting, and becoming a Big 4 Auditor before applying to top Business Schools.

I know that Big 4 Audit places relatively well and I could realistically recruit to become an Investment Banking Associate, but I know that I wouldn't like to do so as I have a 1% chance of breaking into Private Equity.

All Advice would be appreciated. Thanks

3 Comments
 
Best Response

The key sentence here is "...for a top MBA to break into consulting".

If you want to get into a top MBA, the actuarial work will more likely get you in more than a Big 4. This is assuming all else is equal of course (that you kill it at work and get great recs).

Once you get into a top MBA, it should put you in a position to recruit for IBD/Consulting roles.

 

Dicta aut dolore unde cupiditate aut. Molestiae suscipit voluptas error perferendis incidunt. Et suscipit modi eveniet. Nesciunt reiciendis dolorem voluptatem facere quas tempora.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”