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  #51  
Old 06-20-2019, 05:36 PM
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Quote:
Originally Posted by Arthur Itas View Post
You clearly donít understand sophisticated models
Consultants just work that much harder and longer imo
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  #52  
Old 06-20-2019, 05:41 PM
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Originally Posted by Colymbosathon ecplecticos View Post
1% = 5-6 hours/week ==> 500-600 hours/week for everything.

Innumeracy at its finest.
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Originally Posted by Arthur Itas View Post
You clearly donít understand sophisticated models
well, you see, the really smrt actuarials are in consulting, and he really does work 500-600 hrs/wk (maybe they won't do the math, fingers crossed) for a solid 20% more than what you knuckle-dragging company guys make, so dolla-dolla-dolla-bills y'all!

plus breeding plays a factor
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  #53  
Old 06-20-2019, 05:41 PM
CowboyGuy CowboyGuy is offline
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lol audit support is like 1% of our job. Every actuary is supposed to devote 5-6 hours a week to audit support. Thats in addition to their real job.
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Originally Posted by Colymbosathon ecplecticos View Post
1% = 5-6 hours/week ==> 500-600 hours/week for everything.

Innumeracy at its finest.
1% in terms of complexity and effort required.

lol inferiority complex at its finest?
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  #54  
Old 06-20-2019, 05:42 PM
The_Polymath The_Polymath is offline
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Most of Actuarial is mostly dead wood in any event.

Too many people who provide little, to no value walking about.
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  #55  
Old 06-20-2019, 05:47 PM
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Most of Actuarial is mostly dead wood in any event.

Too many people who provide little, to no value walking about.
don't be so hard on yourself

nah, too easy
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  #56  
Old 06-20-2019, 05:48 PM
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1% in terms of complexity and effort required.

lol inferiority complex at its finest?
nice recovery. at least you're quick on your feet, i'll give you that
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  #57  
Old 06-20-2019, 05:53 PM
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I think this topic has already been covered on this forum in the past. (several times) Iíll recap some important AO facts:

Consulting Actuaries > Reinsurance Actuaries > Insurance Actuaries

P&C > Health > Life > Pensions

Data Science > Actuarial Science

You arenít smart unless you took Real Analysis in college.

Red font implied.
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  #58  
Old 06-20-2019, 06:07 PM
The_Polymath The_Polymath is offline
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Meh.

I'm doing P&C, and Life at the same time.

Life is much more complex when it comes to modelling due to the time horizons involved.

Mostly agree on the Actuaries equalities with some exceptions.

Red font noted.
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  #59  
Old 06-20-2019, 06:31 PM
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Quote:
Originally Posted by #N/A View Post
I think this topic has already been covered on this forum in the past. (several times) Iíll recap some important AO facts:

Consulting Actuaries > Reinsurance Actuaries > Insurance Actuaries

P&C > Health > Life > Pensions

Data Science > Actuarial Science

You arenít smart unless you took Real Analysis in college.

Red font implied.
What about FSA vs. PhD?
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Originally Posted by Helena Lake View Post
Yes, well, that's partially the result of my robust education. I was exposed to far more than a narrow money-making selection of classes. The influence of art, literature, and other liberal arts makes it easier for me to write coherently in a format significantly longer than 140 characters. Additionally, I am able to use colorful terms that illustrate my ideas, words that exceed two syllables in length, and even proper punctuation (most of the time).
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  #60  
Old 06-20-2019, 06:32 PM
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I've seen some very sketch consulting actuaries. I had to explain reserving basics to an FSA. It wasn't pretty.
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