<p>So, I was offered admission into NYU as a freshmen starting next fall as a mathematics and economics major in the college of arts and science. I chose not to apply to Stern because you cannot major in mathematics, and math has been my passion for many years in the past and hopefully for years to come. My dream was to work for a white-shoe investment bank, but as I hear Obama will put more policies to restrict bonuses, the obvious compensation factor of this metier loses its sheen. I have now turned to actuarial science because I feel as though, even from the start, that this has been my true intention because of my love of anything related to math! I have many cousins and various other family members who work for Investment banking at UBS, Lazard, Citi, among others, and I have asked their guidance, and they agree that actuarial science will be a very well compensated job for the future, not to mention that it is not as stressful, and will fit the overall lifestyle I want for the future. </p>
<p>I was just wondering what you CCer's would think would be good information to tell a high school senior who is going to NYU next year if he wants to pursue a career in actuarial science. I was planning on joining clubs at NYU having to do with math, and maybe join a Mensa society, however, I do now know much on how to successfully transition from NYU to Actuarial Science. I know there are many difficult tests you must take, and I am certainly up to the challenge, however I was looking forward for some imput from CCer's. Thank you guys so much! :)</p>
<p>^I know, it might sound weird, but I thought in the case I didn’t want to pursue a career in Actuarial Science, a Mathematics and Economics degree from NYU would seem like a broader degree on the basis that it qualifies me for more jobs than just a degree in actuarial science.</p>
<p>My recommendation is to do what you say you’re going to do. Furthermore, be sure to take a copy of “Princeton Review’s BC Calculus” to NYU in order to keep yourself skilled in the art of mathematics and/or calculus.</p>
<p>most people just major in mathematics and study independently or in a group for the actuary exams after purchasing a study guide. pass P and FM before they graduate and intern their junior year. I am not sure how strong your math is but you should try some sample questions and see how difficult they are to get a good feel of how much studying you need. The actuary exams are all about practice. a few of my friends who were math majors gave it a good 3 months of 25-30 hours a week of studying/practice problem/timing and they all passed.</p>
<p>you can browse actuary.com. I would recommend Actex if you are looking into purchasing a good manual.</p>
<p>here is a simple sample question on the P exam which most people take as their first exam.</p>
<p>Coins K and L are weighted so the probabilities of heads are 0.3 and 0.1,
respectively. Coin K is tossed 5 times and coin L is tossed 10 times. If all
the tosses are independent, what is the probability that coin K will result in
heads 3 times and coin L will result in heads 6 times?</p>
<p>You can meeting other actuaries and network with actuaries all over the world at [Social</a> Actuary -Forums, Networking, Exams & Jobs](<a href=“http://www.socialactuary.com%5DSocial”>http://www.socialactuary.com). They post new actuarial jobs every week too…</p>