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If it took a math professor over 3 years to do it, it sounds tough. What is the reward? I consistently see actuarial science as a top earning degree in certain
by lordnacho 5y ago
If it took a math professor over 3 years to do it, it sounds tough. What is the reward? I consistently see actuarial science as a top earning degree in certain papers, but there's not much color on whether it's worthwhile. How many openings are there for each person who passes, what are working conditions like?
- throwawaygh 5y ago> How many openings are there for each person who passes Think of the SoA as a union, if that helps. > what are working conditions like? It's a boring office job. The job is what it is. A safe and well-paid job that guarantees you'll never be a pauper or a prince. Not dissimilar from university teaching.
- mattkrause 5y ago> Not dissimilar from university teaching You...may want to look at the state of the academic job market.
- pg_bot 5y agoI considered becoming an actuary after college (passed first two exams on first try) but decided to become a software engineer instead. You should expect to make six figures with a near guarantee of employment for your entire career. The job conditions are fairly standard for a white collar worker, but you won't have crazy working hours like a lawyer or a banker. If you could take the tests in parallel the process would be a lot quicker, but the tests are sequential (you typically need to take 7 to be fully certified) and are only offered every 3-6 months. I didn't think the first two exams were particularly difficult, but did prep for about a month for each beforehand. I would argue that time management was more important since you had only a few questions but were on a strict clock. So if you actually wanted to pass the test it was more important to find shortcut methods to get to the correct answer quickly.