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  #111  
Old 07-13-2016, 10:27 AM
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Vorian Atreides Vorian Atreides is offline
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Originally Posted by Heavy Casualty View Post
Pension FSA with ~12 yrs experience here, thinking of moving to casualty for money/long-term security, etc. Questions:

1. How difficult a move would this be, both in terms of finding a job and learning the new trade? How marketable is a seasoned actuary from another field? How valuable is client/personel responsibility to an employer, compared to expertise in the field? If I want to stay in a consulting environment, would it be more difficult?

2. What exams should I take before even starting to look? Was thinking of 5, 6 and 7. Is this necessary or should I just start?

3. Anything else I should know?

Thanks in advance.
  1. It would depend a lot on the company, IMO. Some companies might value the "different" perspective you'd bring to the process. Others . . . might want you to demonstrate your dedication to the new profession to some extent. I can't speak too much to the consultancy perspective, however.

  2. Take 5 first. Get a good feel for what it's going to take to pass upper level CAS Exams. Might be better to then follow up with Exam 6 and get ACAS. (Note that you'll also need to take two Online Courses to complete the requirements for ACAS; so you might look to start there as well. Note that neither Course is required to do well on Exam 5, but it might help you "transition" to the thinking on the CAS side of the fence.)

  3. If you don't already have one in place, start building a network of CAS members. To get ACAS, you'll need some letters of recommendation from current members of the CAS.

I hope this helps some.
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  #112  
Old 08-12-2016, 10:47 AM
Bone4Tuna Bone4Tuna is offline
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As a career changer looking for an entry level position I have been offered to interview for an underwriting analyst position. Would this help me get an actuarial position?
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  #113  
Old 08-12-2016, 11:25 AM
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Originally Posted by Bone4Tuna View Post
As a career changer looking for an entry level position I have been offered to interview for an underwriting analyst position. Would this help me get an actuarial position?
If you don't currently work in the insurance industry, yes.
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  #114  
Old 08-12-2016, 11:29 AM
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As a career changer looking for an entry level position I have been offered to interview for an underwriting analyst position. Would this help me get an actuarial position?
Depends if the company is hiring EL actuaries in the future. Can it help you get a foot in the door, yes. Will it lead to an actuarial job,
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  #115  
Old 08-12-2016, 01:38 PM
Dr T Non-Fan Dr T Non-Fan is offline
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A solid maybe. Can't possibly hurt, as you can talk up your exams passed and mingle with the actuaries at lunch.
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  #116  
Old 08-12-2016, 03:09 PM
Captain Oveur Captain Oveur is offline
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Originally Posted by Bone4Tuna View Post
As a career changer looking for an entry level position I have been offered to interview for an underwriting analyst position. Would this help me get an actuarial position?
I feel like a broken record for saying this so many times on this forum, but I'll give it a shot again...

If you're a career changer, why are you so set on actuarial? If you're having trouble getting an actuarial job, it can't hurt to look at other quantitative/finance professions. Actuary is a good job, but there are lots of good jobs out there.

ETA: I say this because I'm of the opinion that taking one EL job for the sole purpose of a stepping stone into another EL job should be pretty low on your options list.
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  #117  
Old 08-12-2016, 04:05 PM
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redearedslider redearedslider is offline
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sometimes people hop between the two
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  #118  
Old 10-30-2016, 12:39 AM
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Has the job market changed much? I was reading posts from a few years back saying that the rate of new entrants was outpacing the rate of new openings, is that still the case?

I do (think I) interview well, and I can network well too, but networking is like hanging out with the in-laws to me. Something that tests my resolve.
That's what i'm worried about too.
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  #119  
Old 04-02-2018, 07:32 PM
huskies007 huskies007 is offline
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Hi everyone,
I'm sure this has already been asked at some point but I've been looking around for a while and haven't seen anything. I'm trying to see if it would be worth the time and money for me to go to grad school. I got my BS in an unrelated field (pharmacy). I took AP calculus in high school so I didn't even take any college math courses. I graduated college 5 years ago and since then I have been working in sales. I've always liked math and want to make the change. I took passed exam P on the first try without any real problems when it came to the math so I think I remember enough to learn whatever else I need to get through the exams. My question is what are the odds of getting an EL position without getting a degree in a related major. I personally think it would be more useful to take a couple courses in SAS or SQL and focus on passing tests, but I don't know if that's how employers see it.

Last edited by huskies007; 04-02-2018 at 07:37 PM..
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  #120  
Old 04-02-2018, 07:37 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Odds: 19:1

That is my guess. you'll need 54 other guesses, determine the average and the standard error, then decide for yourself. Someone here might have a better number of guesses than my 54.

In the meantime, you should start applying. You have one exam passed. That might be enough. You'll face a lot of competition that might look better than you on paper, but a Masters Degree in two or three years won't help you get a job today.
My sig line says most of what you need, and this whole thread will help as well.
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