transferrable skills

[Anonymous]

It seems to me that pension actuaries have the least transferrable skill set out of all actuaries. And by transferrable I mean to something besides the current traditional job for that area. Other actuarial specialties seem to develop skills that would allow someone to price risk in other areas (energy, business, etc.). Do you think this is true? If it is would someone be pigeon-holing themselves if they chose the pension track over Life, Helth or P&C?

[Anonymous]

You mean nobody else would be interested in someone who can spit out IRS code sections 412 ,404, 401(a)-4, and can sign Schedule B's, 5500 forms and calculate PBGC premiums?
DOH!

[DW Simpson]

Thread 1 (http://www.actuary.ca/phpBB/viewtopic.php?topic=1947&forum=14) and Thread 2 (http://www.actuary.ca/phpBB/viewtopic.php?topic=1053&forum=14) each discuss some of the issues associated with moving from pension into other things.

[sb_jim]

The non-actuarial practices of most major consulting firms with large pension practices are just as littered with former actuaries/students as the non-actuarial departments of large multi-line insurers are.

I would say the chances of escaping your chosen occupation are about the same across actuarial disciplines. The chances of leaving the industry entirely are slim for all if you want to maintain your standard of living.

[Anonymous]

On 2002-02-21 15:57, sb_jim wrote:

I would say the chances of escaping your chosen occupation are about the same across actuarial disciplines. The chances of leaving the industry entirely are slim for all if you want to maintain your standard of living.




It's like the Roach Motel: you can get in but you can't get out!!!!!