Pros and Cons of an Actuarial career

Показать описание

In this video, I will be going over (in my opinion) the top 3 pros and cons of an actuarial career!
If you enjoy my videos, please give me a like and subscribe :) Let me know down below what else you would want me to talk about!

Timestamp:
0:00 - Intro
0:18 - Pro #1: (Relatively) less competitive for entry level roles
2:32 - Pro #2: (Relatively) less stressful
3:25 - Pro #3: High hourly rate
4:20 - Con #1: Exams
5:26 - Con #2: Can be boring unless you like insurance
6:34 - Con #3: Huge time and effort sacrifices

My budget filming equipment
--------------------------------------------------

Who am I?
--------------------------------------------------
Welcome to my channel! My name is Arnold. I am an Actuarial Student currently working and studying in the UK.
As I am working full time, I'm always having to juggle with working and studying and make time for my other hobbies. So I've started my journey on finding out how to be more productive and how do I get more time for myself.

Get in touch
--------------------------------------------------
I'm also active on Instagram and Twitter @_arnoldho
I will try reading and replying to all of your messages!

Рекомендации по теме

Комментарии

To become an actuary you need to be genuinely smart and also bloody hard working because it's a VERY bumpy road. It's easier to become a data scientist even though it pays less and it's much harder to get a job. It just depends on how much pain you're willing to tolerate.

anthonytesla

Major cons
Exams are not easy. Take a long time to pass.
Sacrifice your social life and 20s to pass.
The work can be interesting if you look at ST2 etc and you see how work related to what you learned. However, in general it is tedious and dull looking at Excel and Prophet all day. Many people will say this but too scared to leave actuarial.
You will have colleagues who are typical actuaries who have the personality of a dishwasher.
Unfulfilling work
It is hard to change career if you want to leave.
No one knows what an a actuary is and you have to spend time explaining it on social occasions
You hate being confused as an accountant
Can earn as much money without having to do as many exams in alternative career paths

Pros
Pay rises are nice and when colleagues congratulate you on passing exams you feel good
You do feel like you are someone but it is an illusion if deep down you don’t enjoy the work and are only there for money and wish you were doing something else.
It won’t be as boring as being an accountant. However it will be much harder than being an accountant.
You are not an accountant

BMW

Wish I would have known about careers like these when I was a university student 😪

CodeDeb

The work life balance may be true in UK but definitely not in Asia -- it may depend on which company u go to but generally work life balance is not really a reality.

jackrajan

Hi, do you have any advice for someone choosing between data science and actuarial jobs? I am currently an Economics student in the UK, and can't decide between these two careers. It is driving me mad!

aaakk

Hi, just looking for some advice as a freshman studying at purdue and still has no idea what major to choose (ray it would be great if you could help me out. I'm a person who doesn't have that much of a passion for anything (r) as bad as it sounds, I love fashion and content creating and always wanted to pursue it, but I never rlly thought of it as a realistic job option. one thing I know about myself is that I somewhat enjoy math and want to make enough money without having to spend all of my time in my job.
So my question is, do you think you could be an actuary even if you don't absolutely love math? and also, are some actuaries more focused on communicating and consulting instead of just pure math? And lastly what is ur opinion on work, personal life balance in this field? Thank
you

rachelwrizz

You MUST advance your actuary career by taking MORE EXPENSIVE exams with little to no study materials. Being an actuary is very risky.

brandonmanuel

One day the inevitable will happen as you are sitting on your butt staring at the screen. “ If only I had spent the same time practicing football, then I’d be on £400, 000 per month, kicking a ball about, with half a GSCE in woodwork and working 20 hours per week, doing what I love “ .

mindcache

I am Bachelor of business administration Graduate, I Studied Algebra, Geometry & Mensuration, Probability P&C, Arithmetic, Numbers, Logarithm In maths But I never learn Calculas in my life i dont know how to solve Integration or derivative limitz etc, So should i avoid Masters in acturial science course Or I can manage that much ?

abhijitthorat

Hi, thanks for the video! How is the international mobility of this profession? Would someone in the field be able to find jobs in other countries with relative ease ? Also, how is the long term job security compared to doctors? Thanks!

Richard-bwnb