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  #51  
Old 05-01-2015, 11:38 AM
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Some college grads aren't smart enough to earn anything more than $20/hr adjusted for inflation. But they're not on these boards, so let's not discuss them.

We're not talking about doing nothing. Take an extra 2 months to find a job that offers professional development opportunities in addition to a paycheck. Take a Business Analyst role or Project Management or something at a mediocre company, at least that'll have more transferable skills than delivering mail.

Leave mailroom jobs for people who really need them.
If the OP has these options, why is (s)he here? Maybe this is a bird-in-the-hand situation. I looked for jobs like you're saying for several months and ended up waiting tables for a while. Started from the bottom, now I'm here. Maxing out credit cards is terrible advice and menail labor won't stop you from pursuing loftier goals.
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Old 05-01-2015, 11:40 AM
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At my first actuarial job the admin was really sharp. She ended up promoted to an entry-level actuary job. Dunno what happened after that.
While that is possible, those stories are rare, and it's actually harder to move up that way - mostly because you have to spend time doing admin work. The easiest way is to just pass 5 exams while sitting on your parent's couch for a couple months, then get an EL actuarial job. I would guess more people get an EL job by doing the latter than by doing the former.
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  #53  
Old 05-01-2015, 11:40 AM
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Naw don't think of it from a marketability standpoint. Every extra exam now means one fewer exam you have to study for at work. The sooner you finish, the better. More time to spend with your family, etc.
Though on the flip side, you'll have to take hard exams at your job, meaning you have a higher chance to fail these exams, which translates to less opportunity to establish a track record of success early in your career.
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Old 05-01-2015, 11:54 AM
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Every actuary knows they can pass exam without full time work. Exam passer without work/school means nothing.
So if someone went thru all the prelims in 1 year, it'd still mean nothing ? It'd mean nothing about that person's IQ ? I guess you feel the same about people who went fulltime to grad school, no matter how elite the program ? "they just couldn't balance work and study!"
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Old 05-01-2015, 11:57 AM
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So if someone went thru all the prelims in 1 year, it'd still mean nothing ? It'd mean nothing about that person's IQ ? I guess you feel the same about people who went fulltime to grad school, no matter how elite the program ? "they just couldn't balance work and study!"
It does. The good hiring managers will recognize this. They want talent. The hiring managers who somehow think you need to work a menial job before becoming an actuary won't. You want to work for the former.
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  #56  
Old 05-01-2015, 11:58 AM
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So if someone went thru all the prelims in 1 year, it'd still mean nothing ? It'd mean nothing about that person's IQ ? I guess you feel the same about people who went fulltime to grad school, no matter how elite the program ? "they just couldn't balance work and study!"
What he's saying is ELs already have the necessary baseline IQ, selected via methods other than # of exams.

If you sit home and pass all prelims in a year, that doesn't guarantee firms knocking on your door. You'll still have to compete against 2-exammers with other experiences, and you're not even certain to be qualified for final rounds. I'm not sure any recruiting firm will even waste time on you.
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  #57  
Old 05-01-2015, 01:26 PM
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  #58  
Old 05-01-2015, 01:39 PM
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Well I certainly think you should apply for the job, whats the worst that can happen? People in this thread all seem to think you already have the job. More than likely they will consider you over qualified and you wouldn't even get the offer.

Personally, I think working is better than not working generally. The longer you are out of school without a position the worse off you will be, that's a fact.
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Old 05-01-2015, 02:34 PM
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Go for it. It may help you getting an actuary job with this company. You will get to know people. You can make contacts and introduce yourself. Also, a company may have sympathy towards a hardworking guy in the mail room and passing exams.
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  #60  
Old 05-01-2015, 02:46 PM
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Originally Posted by Colonel Smoothie View Post
While that is possible, those stories are rare, and it's actually harder to move up that way - mostly because you have to spend time doing admin work. The easiest way is to just pass 5 exams while sitting on your parent's couch for a couple months, then get an EL actuarial job. I would guess more people get an EL job by doing the latter than by doing the former.
I agree with the side suggesting NOT to get the mail room job unless you are just absolutely strapped for cash. I had an opportunity to work at Target for 40 hours a week while my wife finished her school (a college town with not many options anyways). Instead I decided to study for exams and most of you know how that turned out. If I had taken that job at Target I firmly believe there would be almost no chance for me to have an actuarial job now.

But the story is N = 1. My advice is to keep working hard at getting an actuarial job and keep pushing other skills to get there.

-Riley
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