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Old 02-11-2019, 11:44 PM
actuarymama212 actuarymama212 is offline
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Default From SAHM to actuary

I graduated college with a BS in actuarial science and an exam passed about two years ago. Then I got married, started a family and am currently a stay at home mom. Once my children are all in school full time I would love to start my career as an actuary since I will be in my late 20s. I had a few questions as to how to go about this. Is it better to pass exams now or should I wait until closer to the time I will be entering the work force? I know the exams do not expire, but will companies see this as too much time in between passing exams and starting to work? Also, about how many exams should I have passed, I have always been told not to pass too many, is this true? Lastly, is this career a mom friendly career with flexibility?
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Old 02-12-2019, 12:05 AM
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PeppermintPatty PeppermintPatty is offline
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Entry-level employees have more exams than in the past. 2-4 is probably the sweet spot. I think you are right that a recently-passed exam would help your case, but I think ONE recently passed exam would be plenty. There are a lot of different types of actuarial roles, and yes, the field can be very parent-friendly. There's a lot of work that needs to be done, but 10 tonight is as good as 4 this afternoon.
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Old 02-12-2019, 12:31 AM
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El Actuario El Actuario is offline
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Welcome!

When it comes to exams, now is almost always better than later. You’re not too far out of college, so the material should still be somewhat familiar. I would recommend cranking out a few more before you’re ready to start working. 3 seems to be the sweet spot - not too few, not too many - though some may disagree with that.

Flexibility will really depend on the company culture (consulting probably isn’t a good fit). Most EL jobs in insurance will be 40 hours / week with moderately flexible hours. Part-time and remote work opportunities are still pretty rare in this field. Some roles can be rigid during specific periods (e.g. financial reporting), while others have a more consistent flow. You’ll have to decide what works for you.

Overall, I’d say that actuarial jobs are mom friendly, but the actuarial career path can be tough when you factor in the exam process. Balancing full-time work + exams + kids + life is no easy feat! If you can manage that though, I think you’ll find a pretty rewarding career on the other side.

Good luck!
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Old 02-12-2019, 11:41 AM
Locrian Locrian is offline
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Quote:
Originally Posted by actuarymama212 View Post
Lastly, is this career a mom friendly career with flexibility?
It's a mom friendly career. How flexible it is depends on what you mean by that.
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Old 02-12-2019, 12:16 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Welcome! I have numerated your post for ease of answering:
Quote:
Originally Posted by actuarymama212 View Post
...
I had a few questions as to how to go about this.

1. Is it better to pass exams now or should I wait until closer to the time I will be entering the work force?
2. I know the exams do not expire, but will companies see this as too much time in between passing exams and starting to work?
3. Also, about how many exams should I have passed, (?)
4. I have always been told not to pass too many, is this true?
5. Lastly, is this career a mom friendly career with flexibility?
1. Pass them anywhen you like. When you have time to do so.
2. Some will, some won't, so what?
3. As many as you are physically able to. NEVER MAKE EXCUSES FOR BEING SMART AND RESOURCEFUL!! (Or, call it a "weakness" when asked.)
4. No. It is not. Anyone who told you that, NEVER TAKE THEIR ADVICE AGAIN on the actuarial profession. Given that, again, some will, some won't, so what?
5. No absolute answers in this profession. Some companies will allow you whatever flexibility you require. I know several moms in my office who drop off kids and pick up kids and do another couple hours of work from home. But that's my company. Other companies might not be so flexible, requiring a 9-to-5 presence at an office building. It will be up to you to find the right company and/or manager, and not for them to change for you. Because, there are other candidates who do not require flexibility, and you are in competition with them.

Enjoy your children!

Meanwhile, you can network by stalking the spouses of local hiring managers and hanging out with them, letting them get to know you so when the time comes, you have someone who owns the ear of the hiring manager. better to get hired by someone who knows you well enough to want to work with your special requests than finding a random hiring actuary with 100 résumés of candidates without special requests.
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Last edited by Dr T Non-Fan; 02-12-2019 at 12:20 PM..
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