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  #1  
Old 06-20-2018, 07:45 PM
sdh95 sdh95 is offline
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Default Advice needed

Some background...I graduated last month with a BS in Stats and a BA in Sociology. I started last week in a job as a “customer markets insight analyst” (effectively a data analyst). I will mainly be using SAS and SQL, and will begin using R sometime soon. It is a contract job that runs through either November or next June. I make 25/hour and it seems like it will be fantastic experience.

I wanted to be an actuary when I was younger, and passed P and FM back in 2016. I did not get an internship and decided to try to get into the data analytics/science field. However, I still kind of like the idea of being an actuary. I’m thinking of studying for IFM in November, and applying for entry-level jobs after that.

I guess my main question is, which field do you think is better? I realize this is subjective, but would you suggest I continue the path I’m on now, or try to jump back into the actuarial career path?

If I continue the path I’m on now, I will probably have to get an MS in Stats, which would be fine, but a sizable time and money commitment. Whereas the actuarial field seems really crowded right now. I’m just still not totally sure what I want to do.

Any advice is appreciated.

Last edited by sdh95; 10-25-2018 at 05:16 PM..
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  #2  
Old 06-20-2018, 07:58 PM
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Carol Marler
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You should first of all use Thread Tools and move this to the Careers forum.
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  #3  
Old 06-20-2018, 08:56 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Quote:
Originally Posted by sdh95 View Post
Some background...

1. I guess my main question is, which field do you think is better?
2. I realize this is subjective, but would you suggest I continue the path Iím on now, or try to jump back into the actuarial career path?

If I continue the path Iím on now, I will probably have to get an MS in Stats, which would be fine, but a sizable time and money commitment. Whereas the actuarial field seems really crowded right now. Iím just still not totally sure what I want to do.

Any advice is appreciated.
Short answers:
1. "Better" for what? You won't get to choose. You'll apply, maybe you'll interview, and maybe you'll get an offer. Less Maybe more than one.
2. Do whatever you want. You will regardless of what we say here. Our advice will assume you want to jump in to our career.
Most prudent advice: stick to what you're doing, AND apply for actuarial jobs. You can't make a decision without a choice, And you got something that pays you right now.

Longer answer

Questions for you:
A. Where are you, USA or Canada or Other?
B. Are you legally able to work in the country that you live?

Answers from us will vary based on answers to these questions.

While I wait for your answers...
Assuming "USA" and "legally able," just start applying anywhere that you'd like to work. Do not limit yourself to a specific discipline. not sure why you haven't started already. Not having answers to your questions should not stop you from applying everywhere.
$25/hour is not bad. That's $1000/week and $52,000/year, assuming I did the math right.

Now, it's too bad you're just starting now to find an E.L. opening. Most of them have already been filled. Some over half a year ago. Just means you'll have to work harder to find a company with openings. I suggest not even stopping to ask if a company has openings. You should have 100 applications submitted (via company websites) within a week. And another 100 applications the week after that.


<pregnant pause>





SO, GET TO IT!!!
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Old 06-20-2018, 09:11 PM
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whoanonstop whoanonstop is offline
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Quote:
Originally Posted by sdh95 View Post
I guess my main question is, which field do you think is better?
A product of whichever field you're most interested in
and
whichever field you're most likely to be successful in.

So the answer is different for everyone.

-Riley
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Old 06-20-2018, 10:39 PM
sdh95 sdh95 is offline
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When I asked better, I meant, for which field does the job market look the brightest? I know many would say data science/analytics, but I've seen others say actuary.

Dr T Non-Fan, I'm in the USA and am a citizen.
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Old 06-20-2018, 11:22 PM
Dr T Non-Fan Dr T Non-Fan is offline
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Oh. Then I don't know.

Should always be a need for both.

You might be the only one who would know once you get an actuarial job.

Good luck.

<pregnant pause>


AND START APPLYING!!!
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Old 06-20-2018, 11:45 PM
Fracktuary Fracktuary is offline
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Many data scientists within insurance companies start as actuaries and move onto data science roles when they finish their exams (passing them all OR stopping). Within an insurance organization both fields usually have a high level of respect (from others and for each other), if you find that you don’t like either of the fields you should have a easier path to switch than from basically any other career. So whatever you choose, you will have options. You could also probably snag a less technical DS role without grad school if you got one of the fancy certificates from coursera or udacity.
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Old 06-21-2018, 12:56 AM
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Quote:
Originally Posted by sdh95 View Post
When I asked better, I meant, for which field does the job market look the brightest? I know many would say data science/analytics, but I've seen others say actuary.
Again, it doesn't matter which one looks the brightest. Find the one you care about the most and do it.

-Riley
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Old 06-21-2018, 11:34 AM
Fracktuary Fracktuary is offline
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Quote:
Originally Posted by sdh95 View Post
When I asked better, I meant, for which field does the job market look the brightest? I know many would say data science/analytics, but I've seen others say actuary.
It will vary depending on company, field and line of business.

This specific question is basically unanswerable.
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  #10  
Old 06-22-2018, 09:07 AM
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Quote:
Originally Posted by sdh95 View Post
When I asked better, I meant, for which field does the job market look the brightest? I know many would say data science/analytics, but I've seen others say actuary.

Dr T Non-Fan, I'm in the USA and am a citizen.
You can find out which one is brighter for you by applying & interviewing for both. I found insurance data analyst to be brighter than actuarial, consulting, or data analyst in another industry. But that was just true for me this last round of job searching.
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