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Old 02-10-2017, 12:41 PM
toesockshoe toesockshoe is offline
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Default Is it worth going into actuarial now?

With all the talks of the exams possibly being easier and the increased amount of actuarial science majors or stats/math majors that pass 2-3 exams by graduation, is it worth going into the field? Some poster said he reviewed over 2000 resumes last week for an EL position -- at some point getting a job somewhat resembles winning the lottery. Is it still a good field to go into considering the rapid increase of actuarial college graduates? Is it easier landing an EL job or an actuarial internship?
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Old 02-10-2017, 12:48 PM
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It depends. If you have no marketable skills beyond passing exams, it's still a pretty good bet.
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Old 02-10-2017, 12:54 PM
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Originally Posted by toesockshoe View Post
With all the talks of the exams possibly being easier and the increased amount of actuarial science majors or stats/math majors that pass 2-3 exams by graduation, is it worth going into the field? Some poster said he reviewed over 2000 resumes last week for an EL position -- at some point getting a job somewhat resembles winning the lottery. Is it still a good field to go into considering the rapid increase of actuarial college graduates? Is it easier landing an EL job or an actuarial internship?
And, 2000 is off by an order of magnitude. It's closer to 200.
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Old 02-10-2017, 12:55 PM
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What's the deal with people thinking the exams are going to get easier? Historical pass rates and effective pass rates for prelims are around 44% and 50%, respectively. The SOA isn't going to suddenly pass 70% of candidates because there are more exams.

Even if they are removing some difficult material from some of the prelims - that only tells me there will be more difficult questions on the "easier" material.
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Old 02-10-2017, 12:56 PM
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Quote:
Originally Posted by toesockshoe View Post
With all the talks of the exams possibly being easier and the increased amount of actuarial science majors or stats/math majors that pass 2-3 exams by graduation, is it worth going into the field? Some poster said he reviewed over 2000 resumes last week for an EL position -- at some point getting a job somewhat resembles winning the lottery. Is it still a good field to go into considering the rapid increase of actuarial college graduates? Is it easier landing an EL job or an actuarial internship?
Other equally high pay/low barrier to entry EL jobs aren't any easier to get.
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Old 02-10-2017, 01:04 PM
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The poster with the 2000 applicant number is a troll. They went through at least 5 banned accounts on the subreddit before making their way over here. I honestly don't understand what someone gets out of doing that.
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Old 02-10-2017, 01:07 PM
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Originally Posted by Brock View Post
Other equally high pay/low barrier to entry EL jobs aren't any easier to get.
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Old 02-10-2017, 01:09 PM
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I sometimes wonder why actuaries are so encouraging toward newbies who want to be an actuary. Maybe, if we were more discouraging, the competition would be reduced.
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Old 02-10-2017, 01:22 PM
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Quote:
Originally Posted by Meepo View Post
The poster with the 2000 applicant number is a troll. They went through at least 5 banned accounts on the subreddit before making their way over here. I honestly don't understand what someone gets out of doing that.
Can you link to the poster/post you're referencing?
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Old 02-10-2017, 01:22 PM
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Quote:
Originally Posted by JMO View Post
I sometimes wonder why actuaries are so encouraging toward newbies who want to be an actuary. Maybe, if we were more discouraging, the competition would be reduced.
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