actuarial exodus

[Anonymous]

From what I have heard so far, there has been a massive number of actuaries jumping ships or getting out of profession completely. Wyatt Dallas lost >10 in past 2 month. TP is hurting very bad in several of their offices, including but not limited to offices in Atlanta, NYC and L.A. I heard similar turnover stories in Mercer and Buck's offices as well.

I know some are getting out of the profession because of the exams and/or other personal issues. Others simply decided to work for another actuarial firm.
My question is: since there are only very limited number of consulting firms out there and quite frankly they all suck pretty much in the same way. So what is the point of switching company besides gettin' a quick and dirty raise and helping out actuarial recruiters on their down payments for their mansions.

[Anonymous]

Frankly those mansions will be paid off soon. They'll need help with the vacation islands.

[Anonymous]

On 2001-09-17 15:48, Anonymous wrote:
From what I have heard so far, there has been a massive number of actuaries jumping ships or getting out of profession completely. Wyatt Dallas lost >10 in past 2 month. TP is hurting very bad in several of their offices, including but not limited to offices in Atlanta, NYC and L.A. I heard similar turnover stories in Mercer and Buck's offices as well.

I know some are getting out of the profession because of the exams and/or other personal issues. Others simply decided to work for another actuarial firm.
My question is: since there are only very limited number of consulting firms out there and quite frankly they all suck pretty much in the same way. So what is the point of switching company besides gettin' a quick and dirty raise and helping out actuarial recruiters on their down payments for their mansions.

[Anonymous]

No mansion. No island. Just 3 kids to put through college.
Every consulting firm has it's good offices and it's not so good offices. If you do your homework before switching, you are not destined to leave one bad situation just to go to another. Often the independent/regional firms offer the quality work environment people seek.

[Wigmeister General]

No mansion. No island. Just 3 kids to put through college.
Every consulting firm has it's good offices and it's not so good offices. If you do your homework before switching, you are not destined to leave one bad situation just to go to another. Often the independent/regional firms offer the quality work environment people seek.

Are your kids through college, yet?

[McUSA]

Ludwig, you're digging through some old threads today.

[codex]

Are your kids through college, yet?

I'd be surprised to see a Guest from 2 and a half years ago respond. :o

[Jack]

February's "The Actuary" speculates that International Accounting standards will increase the demand for actuaries. Not to mention new RBC and SOP3-1 requirements.

[chica]

In order to claim there is a sudden exodus, you would have to know the historical turnover rates. Every office goes through spurts - both growing and shrinking. A lot of it can depend on the people you have to work with in one office.

During the internet boom, I think the profession lost a number of people. Now I'm sure many of them may be regretting it. You can't really blame the exams for a sudden spike in people leaving the profession. Exams were bad before and they're bad now. They'll be bad nteh fugure, too, so that is pretty much a constant.

[bm1729]

Exams were bad before and they're bad now. They'll be bad nteh fugure, too, so that is pretty much a constant.
I don't know about that. I gave them a nice spanking recently, so they will think twice about being bad from now on.

[Incredible Hulctuary]

They'll be bad nteh fugure, too, so that is pretty much a constant.

Nteh fugure? Is that a Latin phrase like tempus fugit?

[chica]

"Nteh fugure" = "In the future"

I just need to stop drinking during the day...