Actuarial Science

College Majors Business Major
1

<p>Hey guys</p>

<p>I've been thinking more seriously about becoming an actuary. If any of you know, I have a few questions...</p>

<p>1.) How much math is involved in being an actuary (and what levels)?
2.) How much competition is there for becoming an actuary?
3.) What is the daily life of an actuary?</p>

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<p>By the way, I realize Ac. Science isn’t a business major… But it’s kind of related to finance…</p>

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<p>You’d probably be better off googling something like this. As you said, I don’t know that you’ll find the kind of answers you’re looking for in this area. Just a tip</p>

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<p>BAHAHAHAHA. What do you know about an Actuary besides it is a good salary, because this is like asking “How much science is involved in being a doctor”?</p>

<p>Actuarial Science is ALL math. The actuarial exams are considered to be the most difficult professional exam there is. There are ranks you move up each time you pass a set of the exams. My understanding is that a lot of these math geniuses never get to the fellowship level. Becoming a fellow is considered huge achievement.</p>

<p>Also:
<a href=“http://www.beanactuary.org/[/url]”>http://www.beanactuary.org/&lt;/a&gt;&lt;/p&gt;

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<p><a href=“http://talk.collegeconfidential.com/business-major/933349-actuary.html[/url]”>http://talk.collegeconfidential.com/business-major/933349-actuary.html&lt;/a&gt;&lt;/p&gt;

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<p>You can read about the struggles of finding a job on [Actuarial</a> Outpost | Actuary Forum, Wiki & Blogs for Actuary Exams, Actuarial Science, Discussion Forums, Actuarial Wiki, Actuary Jobs, Actuarial Internships, Exams, Study, Notes, Links, Actuaries](<a href=“http://www.actuarialoutpost.com%5DActuarial”>http://www.actuarialoutpost.com) The BLS site online states that competition for entry level positions will be keen in the coming years.</p>

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<p>Actually, I don’t know too much. THAT’S WHY I’M ASKING, YOU MORON.</p>

<p>Thanks for your unhelpful answer.</p>

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<p>So, you’ve been “seriously” considering this choice of career but you know nothing about it? Uh…maybe next time you start “seriously” considering a career you should know just a BIT about it. </p>

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<p>?</p>

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<p>I had thought of it before but I wanted to know more about the daily life. I obviously knew math was involved, which is why I asked how much and at what level. I had been at theBeAnActuary website and I couldn’t find my answer.</p>

<p>Either way, the whole “BAHAHAHAHAHAHA” thing was unnecessary.</p>

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<p>JeremyS,</p>

<p>Honestly, it is much easier to become a doctor.</p>

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<p>Okay. I was just wondering about the math part, because I’m in the highest math class I can take at my school, but I’m not that great at it.</p>

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<p>Much easier to become a doctor?</p>

<p>Nope</p>

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<p>JeremyS, honestly just look in the be an actuary forum there as they are actual to-be actuaries. You wouldn’t find a real answer here.</p>

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<p>Okay, thanks</p>

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<p>To the OP–I wouldn’t let any of this scare you. It’s a great profession. The [Be</a> An Actuary](<a href=“http://www.beanactuary.org/]Be”>http://www.beanactuary.org/) web site is a great place to start, along with the [SOA</a> - Society of Actuaries](<a href=“http://www.soa.org/]SOA”>http://www.soa.org/) site.</p>

<p>The math isn’t overwhelming–nothing beyond calculus. (In fact, I know one prominent actuary who claims he was never particularly good at math.) A lot of the general material that used to be tested in the early exams is now left up to college courses: [Be</a> An Actuary - VEE](<a href=“http://www.beanactuary.org/exams/vee/vee.cfm]Be”>http://www.beanactuary.org/exams/vee/vee.cfm). There are an increasing number of actuarial science departments, many associated with business schools, although most actuaries do not have an actuarial science degree.</p>

<p>If you’re seriously interested, I’d recommend taking a few of the VEE classes as part of your undergraduate education. It’s also fairly necessary to have passed an exam or two before getting an entry-level job. It’s true it isn’t easy–after college you’ll be working full-time plus studying for exams on the side. But there are lots of reasons it always comes out first or second in the jobs-rated-type lists.</p>

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<p>Thanks a lot. That’s what I wanted to hear.</p>

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<p>[Associate</a> of the Society of Actuaries (ASA) - Requirements](<a href=“http://www.soa.org/education/exam-req/edu-asa-req.aspx]Associate”>Associate of the Society of Actuaries (ASA) | SOA)</p>

<p>There are old exams here. Take a look and judge for yourself.</p>

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<p>^-^ I’m thinking about being an actuary too, but i’m having trouble knowing what “interests” comes with it. Like, I’m interested in it, but is it public affairs and services? or mathematics and statistics? (i’m pretty sure that one’s in there XD) Would social sciences be included too? @__@ I’m kinda confuzzled, but I read the description of an actuary, and I’m all for it! :D</p>

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<p>From what I’ve read it’s the Mathematics and Statistics part.</p>

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<p>The SOA site has ALOT of helpful info. They also have online courses that helps in ones training to become an actuary. O.o I have to save up my money for those tho…maybe there are some cheaper online courses, hehe. ^-^‘’</p>