Actuarial Outpost
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Fill in a brief DW Simpson Registration Form
to be contacted when new jobs meet your criteria.

Thread Tools Search this Thread Display Modes
Old 02-11-2019, 08:58 AM
actuarialgenes's Avatar
actuarialgenes actuarialgenes is offline
Join Date: Apr 2017
Location: New England
Studying for 7
Favorite beer: Wine
Posts: 184

Originally Posted by hostess View Post
you really think theres that much growth in insurance? the rate at which they're hiring (~30 analysts per year), it's hard to see each one of them becoming managers just by staying where they are....
No. I don’t think there’s this much growth. But I also don’t think that the proposed idea of a company made up of only top performers is exists. If it did, who’s to say that that firm wouldn’t grow quickly?
Reply With Quote
Old 02-11-2019, 09:39 AM
Spaceman Spiff's Avatar
Spaceman Spiff Spaceman Spiff is offline
Join Date: Aug 2011
Posts: 6

Originally Posted by lllj View Post
In a way, you have to wonder if this is the best business strategy. If you only have people who are way above average, won't some of them get bored if they all have leadership ambitions and can't all be leaders?

You should hire above average talent but is there enough above average talent that will be happy without climbing the ranks?

I have no solution to this btw and am not advocating hiring substandard talent.
It worked well enough for them and for their experienced actuaries in the past. The growth was more than enough to provide fantastic opportunities and diverse experiences for its analysts, associates, and senior actuaries.
Recently, the company shifted focus from actuaries to data scientists, i.e. hiring fewer actuaries and more data scientists across all levels. It might be a few years before they reach a new equilibrium, and until then there will be more actuarial talent than opportunities.
This will be impactful at all levels. Fewer internship and new college openings at a company that had been one of the largest employers. Fewer good high-profile leadership opportunities for the experienced actuaries, as senior management now wants to spotlight the data scientists. And in the middle, too many analysts and associates on staff for future needs, which allows the company to tighten its standards even more to encourage or force departures.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

All times are GMT -4. The time now is 11:19 AM.

Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.14181 seconds with 9 queries