I have just turned 23 and graduated last year from a Russell Group university in the UK with a 1st class honours in actuarial science, having also previously done a 12 month placement as an Actuary. I only decided in my final year that I wanted to break into IB, applying to FT positions in pretty much every BB and MM, but failed pretty badly due to not having any internships. I gave up on the idea and pursued the actuarial career path - I am now working in London as an Actuary since September. However, I've realised now that my heart is 100% set on IB as a career and desperately want to break
26 Nov 2017
Morning Monkeys, For one reason or another, I've been seeing quite a few references regarding the potential benefits and downsides to being an actuary. And, unsurprisingly, there seems to be a bit of confusion as to the nature and progression of those within the actuarial profession. Hopefully, this will clear some of thse misconceptions up.
05 Jun 2013
Hi, 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:
11 Apr 2013
Hello all I am somewhat confused between which one is better to pursue and how you get there. Corp Dev What I get from this is that I will prolly have to go to a BB 2 year analyst program and quit and move to some F30 company ( Cardinal Health ) Actuary Do a specialized program in college and then work at a F120 ( Nationwide) BTW nationwide's and cardinal's HQ's are both located where I live. Also comparing them who makes the most money in lets say 5 years and what are the levels like I hear 26 year old actuaries making 250k and 5 year corp dev guys making 300K is this true? Also what is the step by step salary in each profession? Lifestyle wise which is better? Thanks guys I know this might be off topic and everything but I appreciate all the help I can get
21 Mar 2011
Wrote a lot of stuff and a lot of questions but this is one of the hardest decisions i've ever had to make. If anyone can answer any of these questions of give any insight I would appreciate it very much. Objective: To pick the job that is going to put me in the best position in two years if I decide to look for a new job. I am trying to decide between two positions. One of the positions is a Research Associate at a Fund of Hedge Funds. The other position an Actuarial Assistant in the Asset Modeling Group (Part of the Asset Liability Management Department) at a big life insurance company. I posted some highlights of the job descriptions below.
10 May 2011
Hi everyone, I'm graduating this semester from a bachelor of science in actuarial mathematics and I really want to do a Master in financial engineering but I don't think i have any chance to get accepted in the program since it's highly competitive... I have a gpa of 3.1 / 4.3 right now. The thing i could do is to get enrolled for another undergrad like a B.A in commerce and get excellent grades .) and then apply for the MFE. The thing is that I did an internship with a consulting firm as an actuarial junior, and i can go work full time with them upon graduation with an average salary of 45K or so... I don't know if I should invest approx 5 more yrs in education (B.A + MFE) to become a quantitative analyst...
27 Jan 2011
I am really glad to announce that I was lucky enough to get accepted to Univ of Iowa, Georgia State Univ, and Univ of Nebraska for MS Actuarial Science program. (+ Pending : Univ of Illinois-Urbana Champaign, Univ of Connecticut-Storrs) Now I have to make a decision, but I am still not sure which university can provide the best environment for job placement, internship opportunity, and learning. I am paying out-of-state fees anyway (no funds) (only Univ of Nebraska let me pay 150% of in-state fee which is about $7500 less than out-of-state fee per year) so money is not a factor. I tried to get an actuarial job as soon as I graduated (Statistics major), but failed due to location + only 2 actuarial exams passed + English not being my first language. (I am a US citizen, btw)
10 Mar 2011
Needed some advice: I currently work as an actuarial associate at a large consultancy and have been offered a job in M&A at a BB. Have some level of exposure to IB as I worked in markets prior to working as an actuary - so know about the lifestyle etc... My main issue is that I am not sure how the M&A market is shaping up - in particular in Europe. Do you guys think it is a good time to join M&A in a junior role or to hold out and continue working as an actuary.
20 Oct 2012
I am a junior at a non-target majoring in Math with a previous career goal of becoming an actuary and working as an actuarial consultant after graduation at PwC, Towers Watson, or Deloitte. Since my freshman year I have held 2 insurance internships (one at Travelers as an underwriter, the other at Aetna as an actuary) and this upcoming summer I have accepted an offer to work at PwC as an actuarial consultant. However, I have grown interest in investment banking and although its too late for a summer internship in banking, I was curious of my chances of getting a full time offer after I graduate. It is my understanding that most BBs, after their deep cuts, are rebuilding, and may look outside their internship class (a little more than in the past) for FT offers. I was just curious of my chances since I'm coming from a quantitative background but do have decent knowledge of markets, valuations, etc Any feedback on my current position or suggestions to help make myself more marketable during my final year of undergrad are greatly appreciated. Thanks
16 Mar 2010
I am entering my junior year at a school that some would consider a target school (top 12 usnewsandworld) I need some career advice/suggestions. I took classes from a state university and my credits transferred so I can very probably graduate this year (as long as my class schedule works out). I do not neccessarily want to graduate this year since junior and senior year were sort of set up to be my "grade buffer" years, but due to recent events I have some financial constraints and would probably be forced to take a loan for the final year if I were to stay.
31 Aug 2010
I have a research associate offer with a HF FoF and an actuarial offer in the Asset Liability Management group of a big life insurance firm. Which offer is better if I want to get into hedge funds, MBA, or MFE. Also the ALM offer is $14,000 higher. Which would you take? Will FoF teach me how to invest and about the markets or will it only teach me about how to look at fund managers and strategies?
09 May 2011
Hi all, I have an offer for an entry level actuary job in Investment consulting. However, my end goal is to work at a hedge fund as a senior analyst/ portfolio manager. With this actuary role, I can become a fellow and also pass my CFA exams alongside. Thus I was wondering if this non-traditional route into hedge funds is possible/ would it be better for me to take the more standard route from a large Asset Management firm into a hedge fund? If my entry level actuary job is in insurance instead of investment consulting, does this path become significantly harder then? Thank you for any advice
25 Mar 2016
I'm in an economics honours program (minoring in math) and I'm considering switching over to actuarial science. I'm not 100% dead set on becoming an actuary at the moment (perhaps looking more toward becoming a quant or in a different path going into consulting/investment banking instead), so I'm wondering about the actuarial exams and if they would be useful at all in the other career paths that I've listed. I've also heard a BSc in Actuarial Science is only good for becoming an actuary and limits the likelihood of getting other jobs, so should I just stick to econ prior to grad school
15 Jun 2015
Choosing from 3 programs: 1 MS in States at Baruch, 2 MS in Applied Statistics and Decision Making at Fordham, (a kinda new program http://www.bnet.fordham.edu/academics/ms_programs/ms_statistics_decisio…) and Finally 3 Mathematical risk Management at Georgia State. The program at GSU is an Accredited University Risk Program of the Professional Risk Managers' International Association (PRMIA). Students graduating with an MS-MRM will be eligible for exemption from Professional Risk Manager Certification (PRM™) Exams I and II,which form a major part of the certification program by the Professional Risk Managers' International Association (PRMIA). My background: I am foreign, so getting a job with just a good GPA wont be easy for me (visa issue).
03 Apr 2014
I have just graduated with a Finance & Business Econ Degree. I will be going to a non target for a Masters in Business Analytics. I would like to become a certified actuary, and I need advice.
03 Jun 2013
Hi, everyone, I graduated from college 3 years ago. I've been working as an actuarial consultant in the healthcare industry since then. I have recently started considering switching to equity research (healthcare sector). I am hoping to get some input from you guys about life in Equity Research. I have 2 more actuary exams left, which should take me 12 - 18 months. I am 25 right now and by the time I finish the exams, my compensation will be around 110K-125K. I work 40-55 hours currently. The job is VERY flexible - I can work from home when I feel like it, take a day off without asking etc. I would appreciate if you guys can give me an idea of hours and compensation for a first-year analyst, third-year analyst and a senior analyst.
22 Feb 2013
Hi Guys, how are you doing. I am about to embark the recruitment cycle for Asset Management roles and am not sure what the prospects will be. My background is in Actuarial Science (BSc 1st) and Computer Science (Oxbridge MSc). I have been working in a no name company as a business analyst for 7 years post university and have no banking or asset management experience save some internships I did a while ago. On application my credentials will be: * BSc Actuarial Science 1st Class * MSc Computer Science Pass * IFoA Associate Actuary * CFA Level 1 * IMC Level 1 & 2 * IT Competences: C++,Python,VBA
29 Mar 2019
I'm going to be a fully accredited actuary early next year. I'm paid well as an actuary and have a very cushy job. However, working with annuity cf projections is becoming very dull for me, there's very little to learn beyond what i already know and there's little room for advancement. I had worked on the alm side in a previous job and had an offer from a well known hedge model development firm in nyc but had to turn it down for family reasons, and I've regretted deeply since. Would potential employers value my background as an actuary? What would be a good way to break into the investment
08 Sep 2015
I was wondering what area would make for a good transition into the finance for for someone who's been working as an actuary on the P&C side for three years? It would be cool if I eventually landed a gig in private equity or a equity research role specializing in the insurance industry but perhaps I'm high on ignorance. I'm not particularly picky about what the next step should be (financial analyst at a insurance comp or anything). Also, just some other random information, I had an internship as a performance analyst (that gips stuff) my last semester of college, went to a somewhat reputable school but not a great gpa (3.3), and currently reside around the san francisco bay area. Any advice would be greatly appreciated!
24 Jun 2010
Hi, I recently got an interview with AIG for their Summer Internship Program at their Super Day at Woodland Hills and I was wondering if anyone could give me an idea of what to expect or what they're looking for in an intern.
08 Mar 2018
Hello! I just finished my freshman year and I stumbled upon this site after searching for finance intern info. I took a look around the site and really liked what it had to offer in terms of information and networking. I recently had a change of mind and want to look into actuarial science. I took a look around the site and found info on that too! I believe I can pass the first two actuary exams within two months of brushing up on some information and land an internship next summer! Any advice for an aspiring actuary? Thanks!
15 Jun 2013