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How does one become an actuary.

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How does one become an actuary.
>>
>>7810721

If you're in the USA, it goes something like this.

1) major in mathematics,
2) Have a mastery of probability/planning in particular, and
3) take a sequence of three exams.

Somewhere around here, I think, you're bona fide. Step 4 is inevitably to know people/network like a normie as always, and actually land whatever position.

t. math major one of whose fellow students expressed pleasure in completing her actuarial stuff toward the end of undergrad.
>>
Go to beanactuary.com
Go on actuarialoutpost.com and find a user that wouldn't mind exchanging some information about the process with you.
>>
>>7810721
Actuarial Science is dead. Data Science is the new Actuarial Science.
>>
>>7810854

>3 exams
no, unless you want to be an enrolled actuary pension faggot there is more than 3
>>
>>7811005
Actuary here, this comment is very misinformed.
A lot of the stuff you will learn during actuarial studies is not covered in data science.

And for those wondering about the actuarial professional exams, they are basically the worst thing that will ever happen to you.
The first 4 are not too difficult for the mathematically gifted. The following 5 exans, for those on the Property & Casualty track which is where predictive modelling and data science happens most, will require about 350-400 hours of studies each, assuming you will pass them on first try. On average people need 2 or 3 tries for each. Also, they involve very little math ... expect thousands of pages per exam to read, summarize and memorize,
in addition to working your regular 40-hour work schedule.

So basically if you want to become an actuary with credentials kiss goodbye to your life for 5-6 years after you graduate from university. If you don't wanna go through that, companies will hire you anyway but expect a salary that will be around 25k per year lower.

Also it is a valid point that Data Science is used a lot by some actuaries in the property & casualty insurance track. But a very deep understanding of insurance, financial, laws/regulation, accounting and more will also be expected from them.
Actuaries working on the pension, life insurance, collective and health might not use it at all.
>>
>>7811397
>typo
So basically if you want to become an actuary with credentials kiss goodbye to your life for 5-6 years after you graduate from university. If you don't wanna go through that, companies will hire you anyway but expect a salary that will be around 25k LOWER per year lower.
Thread posts: 7
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