Actuary switch into financial analysis?
I'm brand new to WallStreetOasis and newly considering a career switch into finance. If I have posted this in the wrong spot, or if it's inappropriate to post a solicitation for career advice here, I apologize - please let me know. I would very much appreciate any comments or insight about anything below!
Where I am:
I'm currently working as an actuarial analyst at a top actuarial healthcare consulting firm. If you don't know what an actuary is:
In brief, "an actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics, and financial theory to study uncertain future events, especially those of concern to insurance and pension programs."
Where I want to be:
I have tentatively (and without a lot of knowledge of the finance world – please set me straight if need be) set my sights on becoming a buy-side financial analyst specializing in the automotive industry. I have some reasons for choosing this role and sector specifically, but I won't go into them unless someone is interested. I'm aware of the super long hours and high stress, and I think it's something that I can handle.
How I propose to get there:
As an actuary, I have a tough credentialing process. I'm about two years from the mid-level credential (ASA), and five years away from the highest credential (FSA). There is no specialization for ASA, but for the FSA you can specialize in something. Finance, and enterprise risk management are two of the five options. My idea is that I would reach my ASA (mid-level) certification, then get my CFA, and then start trying to get into a financial analyst role. Does this seem like a viable trajectory?
Thanks for reading!