Former actuary reddit I believe he was a health actuary for a few years before that (not fellowship level) but didn't really enjoy it. You might need to travel for an actuary job, or move for an actuary job. Medicare Advantage is just awesome until you get sick and file claims. org if you haven’t already. He basically ran the actuarial science department (with some involvement & teaching from the PhD), but he technically reported to the guy. I made the jump 46K subscribers in the actuary community. Grassroots subreddit for former 2020 Democratic Presidential Candidate Andrew Yang, the first presidential candidate for a Universal Basic Income. Regular people often don't know what an actuary is though. The primary reason they left has to do with working shifts, gvt and medical schemes Yes, I have met former actuaries that are heads of IBD, treasury, risk/collateral management at different institutions. As a broker actuary, you will talk to client actuaries (more likely than not the Chief Actuary and heads of various LOBs) and reinsurer actuaries. If you don't want to get into the actuarial profession, then I'd absolutely recommend against extending "a few more semesters" to add an actuarial degree. Is your actuarial background (i. But if you add a masters to your bachelors, time might fly, you could become a Slovak/EU citizen, and also more marketable as an actuary. 22 users here now. And when I became a teacher, the teacher I replaced had quit to be an actuary. Never. I have no data on the "former actuary" jobs distribution, but I'd love to see some. Ever. subreddit is for current and former students to help, share experience, or comment on anything related to cloud and systems administration. Actuaries from Mexico . I feel those jobs would better fit my personality and abilities, fulfill me more mentally, and help me provide better for my loved ones (I have broke single View community ranking In the Top 5% of largest communities on Reddit. 5 million, which Root now believes was subsequently transferred at such former employee’s direction and without prior disclosure to company senior management, from Actuary shows up on the lists of jobs to have, actuarial science shows up on the lists of most valuable majors. 7%) of the 6,000 undergrads were actuarial science students, while 6 (25%) of the 24 men's cross limit my search to r/actuary. As an actuary, you can make a bunch of money, throw it into a stock index/a managed 401k, forget None of my former colleagues have ever struggled to find work as a cat modeler, and I've seen several also switch to being an actuary. For casualty lines, actuaries basically do everything. Looked em up on LinkedIn and the founder is a former actuary. Or check it out in the app stores TOPICS Former salary -> Current salary Bonus (% increase would be nice too) I enjoy insurance and I feel the domain knowledge I possess from starting as an actuary has been critical in the value I add. Not to mention, companies actually do like hiring veterans. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in I have a friend who started his career as an actuary and switched to software development and loves it. Yes, at insurance companies actuaries tend to have a very high reputation. Former IFoA President speaks out with more details on how IFoA mistreated him and other members, including an 8 months pregnant woman Scandals - Price walking / loyalty premium or LDI r/actuary. Note that this Get the Reddit app Scan this QR code to download the app now. Subreddit for actuarial professionals, students and interested (innocent) Skillset is similar but the latter has over hundreds more roles, or even in thousands more, than an actuary when I look into job posting today 7. Whereas my friends just conveniently pick up a job which is 3 mins away from home. Sort by: Best. (Japanese professional baseball) community on reddit The internal investigation is ongoing, but the preliminary results indicate that, with respect to one vendor, these transactions involve payments from the company of at least $9. 49K subscribers in the actuary community. Past Coming from an actual former teacher it came across as them misrepresenting themselves and trying to steal respect they didn’t earn. Honestly, end all its not THAT bad at face value especially when you compare it to an average job and the bullshit people do with overtime hours to get a little more money. So I know this subreddit is filled with people asking advice on becoming an actuary, but the responses have been so helpful I'm hoping some of you can help out this poor chap. This is irrespective of how quickly you pass all of the exams. None of what we do in practice is difficult or even conceptually hard to understand. Any former F1 visa holders who are working as Actuaries here? I am an international student and would love to ask some questions if there is someone in this group who came as a student and became an actuary and got eb2 eb3 sponsorship and/or h1b status. A reddit community for dental students (students studying to become dentists BDS, DDS, DMD, etc) to share the latest news However, I know of at least one case of an actuary working as an adjunct "under" a tenured PhD. The first couple of exams should apply to either society, and you might already be well equipped to take the Exam 1/Probability test. Former actuary here. Open comment sort options You won’t be an actuary until your first designation. Data Science is probably less time consuming, but a harder career path. Conversely I have a PhD in math and am now working toward my CAS credentials. It takes effort but you can remain friends with former coworkers as well. View community ranking In the Top 5% of largest communities on Reddit. To me, insurance is for when you absolutely cannot afford the loss (in terms of utility, not just price). It’d be exactly like if you said you were an actuary because you took a couple exams and had work experience in an underwriting department. It seems to be eight years of residency plus fluency in the Slovak language. Feel pretty naive, thought with higher-ups watching what was happening they'd surely see the stuff with the supervisor and that I wasn't doing anything I was accused of, should have read about it online to know it just meant I was getting fired, feel very As a former actuary, I'm having some serious cognitive dissonance over travel insurance. I've seen many instances where people migrate into actuarial work from different professions- math teacher to actuary is super common. The entry level market was better when they made the switch, but I think its still definitely Ha! I’m a former math teacher. I have seen some actuaries switch into investments work. I interned with some people who were former engineers who did just that. I’m a former actuary gone SWE (no regrets). No, I do not regret any of the sacrifices made. He works in a division of insurance that sells life and p&c products. I mean, my high school stats teacher was a former actuary. You will need to complete Part I, II and Part III exams to be a full actuary. Salary is always a factor. Just wanted to feel out your opinions of the current state of the field and if you would make the same choice given the opportunity to start over. Reasons being: 1) some of these programs are just mill houses that help you go through the exams. They pick and choose who the student program rules applied to. Good luck! Former actuary who has watched my parents deal with Medicare Advantage. Or check it out in the app stores TOPICS Go to actuary r/actuary. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment, governance etc. Or check it out in the app stores Go to actuary r/actuary. the largest community on reddit discussing education and student life in It’s my understanding that many people have 2 exams before they get their first internship, which is typically the summer after junior year of college, and then may pass a third during their senior year before their full time job starts because they know which field their job will be in (SOA/CAS) and think it will be best to pass as many as they can before they start working. Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship A place to discuss being or becoming an actuary in the UK. If you have any questions, please feel free to ask. I'd love to compare/contrast the differences Go to actuary r/actuary. Here’s what I see, actuaries have to study for 8 years (avg) after undergrad anyway, why not just become a quant. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username Get an ad-free Mark Bird, who runs owns the MATE study manuals and seminars, went actuary -> actuarial exam prep -> high school math teacher. If you're looking to become an actuary, take the SOA exams as this type of work is most common with life insurers and retirement (though there's probably more opportunity with life insurers I'm glad I did not decide to go the actuary route and tie myself into an additional 5+ years of school when I will have job security and a great paycheck, even if it's not an actuary-level paycheck lol so I have zero regrets right now. Should I keep them as references? Im considering a career change out of Pharma drug development, and actuary is in my top 3 interests. Go to actuary r/actuary. Subreddit for actuarial professionals, students and interested (innocent) bystanders. To provide some color, I steered my career to be able to work from home, cutting commuting times and additional living costs, and work very comfortable/flexible hours, outside of busy times. I think she just wanted a change of pace after a few years (not sure how long). I wouldn't get discouraged, I think you can become an actuary if you really want to put in the work and you already have excel experience which is a plus. But if you just want to teach and not lead the department, then you can definitely do that as a credentialed What are your experience in real life dealing with this subject, do actuaries use this kind of knowledge in day routine? Context: I`m doing actuarial science and i`m currently learning about simple/multiple regression models in econometrics, and i'm wondering if any former actuary has ever being in a situation that regression models are useful examples are appreciated =) In Aus, to become a qualified actuary you need to pass 3 parts of exams, I passed the first two but didn't attempt part 3 because from what I saw it wasn't worth trying. Share Add a Comment. A middling actuary will make more than a middling DS, but an excellent DS can make more than an excellent actuary. Actuary exams are time consuming to study for, but not particularly "hard" and the career path is much more straightforward. however all countries are free to participate. Going to college next year, would like some opinions on the benefits of becoming an actuary vs a quant, and vice versa. Or check it out in the app stores TOPICS of the actuarial career during high school in the mid 2010s by searching “best jobs in business” and an article had actuary as #1. Sorry that turned into an essay! But sending you good vibes and let me know if you have other questions. exams) helpful in your new role at all? How would you compare careers as an actuary vs quant? I’m an actuary (ACAS) who moved to tech after a decade in primary insurance. If you enjoy helping others and doing something that matters -something with a purpose, then you're gonna have a hard time. I think insurance is about Simple enough situation - was in a toxic work situation with a coworker, didn't leave soon enough, they pipped me and then fired me. A subreddit for current, former and potential Amazon employees to discuss and connect. Get the Reddit app Scan this QR code to download the app now. actuary join leave 60,830 readers. Or check it out in the app stores A place to discuss being or becoming an actuary in the UK. leave early, study a bunch, scroll reddit at your desk, whatever. I’m not sure if the idea is to trick AI into selecting your resume with this but as a human reader, I hate the entire second bullet of the Skills section. I don't know what exam I can take instead. The home of college football on reddit. both substantive and procedural. However, when you compare it to a stable company actuary position that on average requires 35hours a week, it’s a no brainer. Went to a university where about about 100 (or 1. This cuts against the “detail oriented” claim. Being an actuary is a pretty popular career, especially in this sub. Yes it was worth it. use the following search parameters to narrow your results: subreddit:subreddit and directly support Reddit. We have courses that include: Programming for actuaries (excel and VBA course) Introduction to actuarial science (teaches lag triangles RBBC and other blanket actuarial knowledge) Ratemaking and reserving for P&C Lots of courses hammering exams (you weren’t wrong) Otherwise, there’s nothing redeemable about that place. Doing the Stage 2 Online Professionalism Course, I noticed that the introductory video "What does it mean to be a professional actuary" is delivered by former IFoA President Tan Suee Chieh. If the chief actuary liked you, you could fail 5 times in a row and complete a full rotation without even signing up for an exam and still get promoted over people who were making consistent progress and doing their job. The same Tan Suee Chieh who had a bullying grievance upheld against him by an independent investigation commissioned by the IFoA. 19 users here now. I'm a data scientist and former actuary. Also, graduate degrees can immediately set you up for high earning careers as data scientists or quants rather than studying for 4 years to earn less. " The wizard of odds (Michael Shackleford) is an actuary. The consensus (from what I can tell) at r/actuary is NOT to get an actuarial science degree. David Graeber is an anthropologist who wrote a bunch of really interesting articles. Update on "Soon to be former math teacher" Get the Reddit app Scan this QR code to download the app now. I am 5 years in this industry, 1 exam away from ASA, $90k base with 12% target bonus, in HCOL area Unlike actuaries there are way more companies they can apply to, so losing a job isn't as bad as it is for an actuary who may have to move if they get let go from the one insurance company in their city. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. TIL Divorce data from the US Census Bureau was analyzed to see how divorce rates varied by occupation. As I've gotten a lot of time to pause and reevaluate my ambitions, I find myself less serious about pursuing underwriting, and more interested in a career as an actuary or data scientist. I am a former actuary and current investment banker. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. 83 votes, 123 comments. true. I've met a fair number of ex-teachers who left due to You'll need 3 years of relevant work experience before you can be considered a Fellow-i. I worked as an actuarial analyst for six years for a major life insurer. I mostly did cyber, project management and also audits of financial institutions. You can get hired just fine w/ 1-2 exams out of . You can be exempt from Part I by achieving above 65 in certain Actuary institute-accredited course. Once you sign up for a Medicare Advantage plan, it is very hard to go back to regular Medicare and a supplement. If there is someone I worked as an actuarial intern for a company that has recently advertised a full-time actuarial analyst role, and I'm interested in applying. like working with you. Members Online. Anyways, I was just curious if this subreddit had any former teachers who had made the transition and what that was like. The hours at a broker can be savage especially at first, but build your cred early on and you can coast a bit later. Root Sues Former CMO Over At Least $9. Current and former takers of the Florida Bar Exam are welcome. I would just talk to the Chief Actuary, the steering committees (assuming I don’t sit on it already), and you know, make my own hiring decisions for my team budget appropriately to Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores Go to actuary r/actuary. I started my career as a mechanical engineer and am very happy now as an actuary. I can pick my own priorities in a year and I don't have anyone looking If they are an actuary and it was a large insurer, I’d bet the word gets around. actuary join leave 60,634 readers. 50 votes, 60 comments. Then it sucks. e. Also, career advisors at colleges and universities I'm sure constantly present the profession to any student who walks into their office, says they don't know what they want to do, then mentions that they're good at math. Any thoughts? limit my search to r/actuary. I'm a former actuary who worked at a well known insurance company for several years after undergrad who's dream job is ultimately in angel investing/venture capital and now works as a data scientist at a well known tech company Don't continue with actuarial science at all if you wish to go into VC. actuary join leave 61,011 readers. 8. Posted by u/InfantryMOD - 1 vote and no comments Actuary here. Topics of interest could be IFoA related (particularly studying to qualify) and discussion of the roles actuaries hold within industries such as pensions, insurance, investment Grammatically the former is correct. I'd get an MS in statistics and learn to code as you go through electives and/or View community ranking In the Top 5% of largest communities on Reddit. Part 3 is about 3-4 exams, my work colleagues would fail each of those exams 2-3 times before passing and they would do one exam per semester. There a two other people at my company that came from teaching. Eventually I decided I liked macro finance more than micro, and started looking for a career switch. Career changer: What outlets are best to get me started This might surprise you but there are more former math teachers that become actuaries than people realize. a fully qualified actuary. One person talks about it happening and it’s all over. I want to keep my options open, and the actuary profession seems to be a great fit for me. just for some background, I’m in my final year of college (a Bsc that gives 6 exemptions for the actuarial exams) and I have a choice between job offers for actuarial and proprietary trading next year. Thanks! Hi all, I have a quick question in the above for any of ye that I’ve the time. Grad school does cost a lot, but a 125k starting salary makes that more affordable. You will burn out very quickly if you aren't interested in A place to discuss being or becoming an actuary in the UK. They don't draw lines between "a life FSA" vs "a health FSA" vs "a corporate finance FSA". Research the exam processes for becoming an actuary through the Society of Actuaries (SOA, life/health) or the Casualty Actuarial Society (CAS, property/casualty). I've have coworkers who used to be programmers, math teachers, retail workers, and even a former actor, and are glad they changed to being actuaries. get reddit premium. I just looked up the preconditions to become a Slovak citizen. This means you could qualify as an actuary in Europe, which is much easier, quicker and cheaper than with IFoA exams, and then get recognised as a qualified actuary in Ireland through that agreement. Yes there are a ton of advantages, you will have a well rounded education and have lots of potential career paths, e. Buy Medicare Advantage. 15 users here now. 4M in Unauthorized Payments I remember a post on here from a former roots actuary who said that the company was not run professionally and had serious internal controls / financial issues Reply Questions for current or former Medicare Supplement actuaries I am thinking about moving to the Med Supp team in my department but I am a little apprehensive due to the somewhat isolated nature of the role. The Times: "The body regulating actuaries is embroiled in a governance and racism crisis after its former president tried to rejoin its governing council despite an independent investigation having found that he bullied its chief executive. He's consulted with various gaming companies but I don't know about sportsbooks. It will not help you whatsoever in your job search (and if you include the major on your resume it will hurt your job search). I read on Reddit that the optimal exam I should take is 3 (P/FM/ IFM) but IFM has retired recently. If you have any questions, comments or feedback regarding the subreddit, please feel free to send us a message through modmail Former P/C consulting analyst here. Dunno how how things are working with the new CEO, but every ex-Zurich employee I worked with has been excellent and friendly. g. Or check it out in the app stores TOPICS Actuary: I will start studying for exams Data Scientist: I will enroll in a MS in Data Science. You will be an actuarial analyst. If only my poor innocent teen soul knew how working on an M&A in consulting would feel The master's graduate degree is typically 1 to 2 years with far less variance than the time to qualifying as an actuary. In addition to the obvious big 4 jobs,I had a former credentialed coworker go to the IRS There are jobs like this To become a fully-licensed actuary you have to keep taking more exams during initial years of employment (a benefit is that actuaries do get paid time at work to study for their future exams, although this might not last if you don't pass one of the exams after the first two attempts). Externally though, they had plenty of news articles being written about how they'd use AI to do insurance better. Not evidence of this, but we’re a small enough profession, I know at least one person at each of our competitors and I’ve worked for one company my whole life. The lowest rate was found among actuaries, people who assess and manage risk, and the highest rate was found among gaming managers, who manage casinos and other gambling establishments. Outside of work better read people and/or business people will tend to know what an actuary is and it has a high reputation as a profession. We would like to show you a description here but the site won’t allow us. I still provide insights based on my actuarial and insurance knowledge and work with actuaries from the I know a few other former doctors mostly in health and care (SA name for what is the health track). Get an ad-free experience with special benefits, and directly support Reddit. Check out beanactuary. Topics of interest could be IFoA related (particularly studying to qualify), discussion of the roles actuaries hold within industries I read online that plenty of people take these exams to get skills, knowledge, and resume builder but never go into actuary fully. Most tend to You can make $350k as an actuary seriously ? I’m at $120k TC as a data analyst with 2 exams thinking about continuing the journey The chief actuary for Bupa (health insurance in UK) was previously a doctor. Boring might not be the biggest problem. r/AmazonFC. My former manager is both. Members Online • cosmoen . Competition for actuary is real. This happens a lot with health insurance (at least according to mainstream reddit), and would be the cause of a lot of headache and stress if it When I visited an insuretech office, it was a warehouse filled with like, 20 interns sitting at cafeteria tables being managed by an actuary in their early 30s. The app is unusual in that it claims to be a "sweepstakes", as opposed to a bookmaker. In the end, this is something you have to decide for Get the Reddit app Scan this QR code to download the app now. Probably could get in at a very small company. It depends a lot on your character. Former teacher of 5 years that switched to being an actuary, I can Regarding job prospects, it’s pretty good, although competitive because everyone else in the field is very competent. 2) what if you want out later? The degree is very specific and it'll be difficult to In my experience, I've also observed correlation between distance running and actuarial science. Ireland is still in the mutual recognition agreement with European actuarial bodies. I've met a former actuary (now working more on the catastrophe modeling side) with a degree there that has done quite well for Get the Reddit app Scan this QR code to download the app now. Going from an advanced math teacher with three years experience to a new hire analyst, I basically got a 50% raise. Hi, a former actuary (7 years) here. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. You will find new coworkers you like as well. actuary, software eng, quant trader, data analyst, IB ( doing Actl would be better than Maths for IB, but the key is just knowing finance), consulting. Hi, I'm graduating as an Actuary this summer from Instituto Tecnológico Autónomo de México (ITAM), Mexico City. Not sure, if you want to wait that long. r/actuary. They had a rough patch in the mid-2010s with layoffs and drama with the executive team (which is an understatement, just look up what happened to the former CEO and CFO). I wanna say that half the actuaries in the company I work for are former math teachers. Tech Opportunities for Former Actuary . Or check it out in the app stores a DS will do a lot of work more suited for an actuary and vise versa but the company won’t go under for it. We had 3 former chief actuaries on staff and a former president of the CAS. First, I'll describe my background to you and how I made the switch. 6 YOE - Associate Actuary with fellowship, where you are making primary decisions over the product in your department, but have no direct reports 8 YOE - Manager, where you begin to step away from technical work and more into managing, reviewing, and overseeing allocation of resources within your team For property lines, cat modelers will run cat models and actuaries will use those model results to come up with the structures and pricing. Also a former actuary with an actuarial science degree. However, I'm facing a dilemma regarding the referees on my CV - my former colleagues in the company who are listed as references might be the interviewers. If you really want to be an actuary then choose the easier route. I know a former actuary who left to get a PhD in math. The only way taking exams would be a waste is if you don’t become an actuary, or if you take CAS exams and go work at a life/health company. Or check it out in the app stores TOPICS I’m a former consultant at a big 4 firm. . The SOA's philosophy is kind of that "an FSA is an FSA" (my words here). mtypxuk ujjre fqiyn trlbl budzx zdxzmph exvdmj oahu luylvpu anhc arypx vustcl syoidl vkaqy tbxqzhc