<p>Hi,</p>
<p>I have a B.S in Chemistry with a minor in Math.
I'm planning to get an M.S in Applied Statistics, but before that I want to have some work experience.
So what kind of work would be good for me? Is market research good?
I want to work in industry in the future.</p>
<p>Thanks!</p>
<p>I don’t really think there’s any work experience that will necessarily bolster your chances at an MS in Applied Stats. Most programs just want to know that you can handle the rigor, typically by looking at your grades in probability theory, stochastic processes, etc.</p>
<p>Well I’m not necessarily trying to boost my chance at admission. I just want to take a break from academia and work, preferably in something related to Statistics.</p>
<p>Look into becoming an actuary. The internships I’ve seen only require you to have taken the first actuarial exam or plan to sit for it.</p>
<p>I would think taking one of the exams would also be something you would want to mention too when applying to grad schools, since they cover a lot of stats and probability.</p>
<p>The actuarial exam can be tough. I was a math/econ double, and a lot of my math friends that went on to sit in failed the first time. It does offer great starting pay (two of my friends started with $70k+bonus and) and only goes up with each successive exam you take.</p>
<p>Actuarial internships are extremely hard to find. I live in NYC, one of the largest place where insurance companies all are in. I passed exam P last month, and I’m taking exam C next Thursday (Pretty confident I can pass this). Yet I still can’t find an internship. Actuarial exams are not that hard considering I am only a high school junior right now taking precalc. If you’re wondering, I studied Exam P for around 2-3 days, and for C, I studied for around 1-2 weeks. There’s A LOT of stuff for C that is only barely/slightly/not even covered in my precalc class. >__> </p>
<p>Back on topic though, why would you be an actuary if you are getting a MS? People usually get actuarial internships to become actuaries. Also, I don’t think the actuarial exams are widely recognized outside of the actuarial field, but I might be wrong.</p>
<p>A lot of statisticians become actuaries.</p>
<p>Also, I would look through this thread.</p>
<p><a href=“http://talk.collegeconfidential.com/graduate-school/1158427-question-regarding-math-graduate-school.html[/url]”>http://talk.collegeconfidential.com/graduate-school/1158427-question-regarding-math-graduate-school.html</a></p>
<p>I’m on my way to do an MSc in Actuarial Science in the UK. (I did a dual degree in Applied Mathematics and Economics) and yes, the exams are pretty tough (I’ve passed the first two here in the US. SOA Exam P and FM/2)</p>
<p>Regarding actuarial internships, the minimum requirement is 1 SOA/CAS exam. But to be perfectly honest, you need at least two because most of the people applying will have more than one (Or even worse have done a BSc in Actuarial Science which will get their application preferential treatment over yours) So, I would suggest you sit for the first couple of exams to show that you have a good grasp of the basics and then apply for actuarial internships.</p>
<p>@billlin12345</p>
<p>I call ********. No way a high school junior has the background to pass the first actuarial exam. There’s statistics there that you don’t touch till second/third year at University.</p>
<p>Hi, OP here.</p>
<p>Ehh I am not really interested in becoming an actuary. If I wanted to become one I wouldn’t go for MS in Statistics. Plus from forums for actuaries it sounds like getting a job is no easy even if you have passed a few exams.</p>