Before You Become an Actuary… Watch This.

Pursuing the actuarial profession is a huge decision. Not only because it's a great career, but also because it involves immense commitment on your part.

If you're looking for a career that will challenge you and allow you to use your mathematical expertise on a daily basis, then becoming an actuary is a viable choice for you. There are many reasons why people choose this: they get to use math everyday, they love the problem-solving aspect of the career, there's opportunity for advancement and growth, great work-life balance for fully qualified actuaries, and a great salary.

However, it's important to look at both sides. Very few talk about what are regarded as disadvantages of the profession. And while I find that the pros do outweigh the "cons", I think it's still worthwhile to consider them.

That being said, I'm not here to dissuade you from pursuing this profession, but rather, to give you the whole picture. For many people, this career path is a very rewarding and fulfilling option. But it's not easy and requires a great deal of commitment. So, it’s always good to look at it from a different perspective before jumping in!

TIMESTAMPS:
• Intro 0:00​
• Benefits 0:50
• Disadvantages 1:20

LINKS MENTIONED:

P.S. - During the month of December 2020, in the Community, we will be preparing you for interview success. With the onset of hiring season, you need to stand out from the competition and ace your interviews, so this is valuable information you won't want to miss!

** Note that if you're watching this later, you'll still be able to access all the videos in the Accelerator Community.

#actuary #actuarialscience

[EtchedActuarial]

What do you want me to make my next video about?

[thenextkawhileonard]

"You have to enjoy working alone", looks like I found my dream career

[robbysmith]

1. You have to have an interest in insurance
2. You have to like working alone
3. You have to study for the many exams
4. You have to like working in a corporate environment
5. You have to love geeky things like working with data
6. You have to love and go into the many details.


I love your videos! :)

[williamwilliams]

I'm sure its better than being a UPS driver which is what I'm doing currently as I finish my math degree.

[Sgqilazi]

I admire how you say “might not be right for you” thank you for not using a discouraging tone❤️.

[jbezuidenhout]

This was actually very encouraging for an uncertain first year student. Here’s to hoping you’re right and I end up loving actuarial!

[andrewjohnson]

This made me want to be an actuary even more

[백민철-bl]

I am Korean and I am currently preparing for the actuary exam administered by Korea. Of course, my nationality is different, but I was able to think about the mindset and work environment that are important to an actuary again and devote myself to studying for the exam. Thank you for uploading a good video!

[ImSpartacus]

4:20 A meaningful portion of actuaries definitely do travel.

Consulting actuaries are traveling constantly.

[shresthaditya]

Disadvantages :
1)Insurance
2)Work alone
3)Actuarial exams 😱
4)Corporate environment
5)Technical skills (excel etc.)
6)Details

[TheLearningne]

I’ve been thinking about changing my career path and actuary has been coming up several times… this helps solidify my decision. Thank you so much!

[carloseduardomatos]

Hi, I am actuary from Brazil and your channel is amazing! Just one comment about the video. I believe reserving actuaries should know about others areas such as operations, claims, reinsurance and others because it help us to apply more information in reserving analysis. Is essential that actuaries know the insurance business and we achieve it when we not work alone the actuaries need to speak with everyone. Great video!! Great tips!!

[mmmommm]

Was a senior actuary for 3 years. Switched to Finance because the work in the the 21.century beacame only about regulations, additionally I would not advance my career as I am not boring enough to be an actuary.

[solidsnake]

Alternatives for an actuarial career in the insurance world are CPCU underwriter, CPA accountant and Insurance specialist lawyer.

[jonscool]

I have a job where they don't have a paid study program on the job. So trying to study for and pass an exam is very challenging. By the end of the day I really only have 2-3 hours of useful mental energy left to invest. I still have to take care of other basic tasks like cooking meals and other household things. So if I want to try to study for an exam I basically don't have the time to do anything during the week other than work and study. It's really overwhelming and I'm hoping I can pass this exam in March so I can either show the company they need a study program to keep me around or to help me find a new job.

[salsasafi]

This was a great video, helping me narrow between mathematics and computer science and the actuarial sciences, thank you!

[bobbyc]

This is the first time I've really thought I might have to quit being an actuary. I've always been really good at math, but all six of your points are things I dislike about my current job, and now I wonder if there's anything else out there.

[JonathanRosenblith]

What you're saying makes sense for a beginning actuary, but not so much as you advance in your career. After my first actuarial job, I spent increasing amounts of time interacting with many other people. Also, many more diverse opportunities become available. Also for Health and Property, the job market is good.

[izhamrazak]

I am still in high school and I wonder about what an actuary is about. I am worried that if the career is not suitable for me. Luckily, all of the details mentioned in the video are the things that I can deal with :)

[alexanderwu]

How can we figure out the first disadvantage, I’m a senior in high school and haven’t had any experience with insurance