I was wondering what steps I should take to become an Actuary if I have an Accounting degree. I got my degree years ago and have been wanting to do a career change.
I’m very interested in becoming an Actuary but am unsure if I need to just take some higher math courses at my local community college or if I should get my masters in Actuarial Science. Do I even need to take higher math courses? Or should I just study for the actuarial exams I need to take. If so, what are some resources?
I doubt you will pass the actuarial exams without rigorous course work including higher math. I found sample problems and practice exams with a quick google. That’s a good starting point.
What is the highest math you’ve taken? Accounting might not have required past Calc I and a few stat courses.
Check here. I believe you will need more classes, but not sure if you need a degree or not. Good luck
A Masters in actuarial science doesn’t involve higher level math?
I would suggest at a minimum to have taken multivariable calculus which should put you in a good position to understand mathematical statistics. A solid background in probability would help as well. Nice to haves include linear algebra, differential equations, combinatorics; applied statistics, operations research and the like.
Solid calculus is key - and not the watered down calculus for business students. You really need more than that.
BTW i’ve been an actuary for over 20 years. Good luck.
Somewhat old post, but I have to respond. Having an accounting degree does absolutely nothing to prepare you for the actuary career. The level of math for any accounting degree is so far beneath the basic stuff needed just to pass the first actuarial exam. The process, right from the start, is more difficult than anything you can imagine. As suggested, spend some time at beanactuary.org and see if it’s really for you.