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Old 09-30-2018, 05:41 PM
Liar Liar is offline
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Default Job Market Contracting

Actuarial Science was ranked as the "most valuable college major" recently, but do the rankers actually know what they're talking about?

This year's ASNY career fair has the fewest companies ever in the history of ASNY career fairs.

I don't know it yet, but I feel like there's something that people aren't considering when studying this field. Where is this magical 2.3% unemployment rate coming from when there are thousands of people who pass P + FM each year but only a handful of entry-level openings each year?

Call me paranoid, but I think some nefarious forces are responsible for driving Actuarial Science to the top of the job rankings this year. Maybe it's your employer's SVP of insurance looking to stop wage growth. It just seems so suspicious.
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Old 09-30-2018, 06:11 PM
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yeah, Actuarial Science has been a top rated field in some way probably since the early 90's. it's overrated, and those types of rankings have resulted in a somewhat unknown field becoming completely saturated.
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Old 09-30-2018, 07:12 PM
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Quote:
Originally Posted by Liar View Post
This year's ASNY career fair has the fewest companies ever in the history of ASNY career fairs.
Source?

You know, with your name and all. Common sense to ask.
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Old 09-30-2018, 07:33 PM
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The actuarial profession is somewhat of an anomaly in terms of educational requirements. You can easily earn a 6-figure income with “only” a bachelors degree, but that’s obviously misleading. I think outsiders see that and give undue credit to the major itself because they don’t understand the credentialing process.

All things considered, I do think this is a good profession if you can break into it. I get why the career rankings give us high marks. But majoring in Actuarial Science is a gamble, and I don’t think it deserves such praise.
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Old 09-30-2018, 07:35 PM
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Quote:
Originally Posted by ao fan View Post
yeah, Actuarial Science has been a top rated field in some way probably since the early 90's. it's overrated, and those types of rankings have resulted in a somewhat unknown field becoming completely saturated.
But why?

It just seems so ridiculous that so many job rankings come to the same conclusion unless there's some conspiracy happening behind the scenes.

We need a full audit on the bank accounts of these job ranking sites.
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Old 09-30-2018, 07:39 PM
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The actuarial profession is somewhat of an anomaly in terms of educational requirements. You can easily earn a 6-figure income with “only” a bachelors degree, but that’s obviously misleading. I think outsiders see that and give undue credit to the major itself because they don’t understand the credentialing process.

All things considered, I do think this is a good profession if you can break into it. I get why the career rankings give us high marks. But majoring in Actuarial Science is a gamble, and I don’t think it deserves such praise.
This is incorrect. This was true for a long time, especially during 2000-2017 which had the easiest and shortest exams, but starting 2017, the exams have gotten enormously more difficult. I would not recommend this field.

Older actuaries have absolutely no clue just how difficult current-day exams are.
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Old 09-30-2018, 07:51 PM
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In terms of difficulty:


Post-2017 Fellowship Exams >>>>>>>>>>>>>>>>>>>>>> Post-2017 Pre-lims >>>> Pre-2000 Fellowship Exams >>>>>>>>>> 2000-2017 Fellowship Exams >>>>>>>>>>>> Pre-2000 Prelims >>>>>>> 2000-2017 Prelims

Last edited by Liar; 09-30-2018 at 07:55 PM..
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Old 09-30-2018, 07:55 PM
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Old 09-30-2018, 07:58 PM
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Quote:
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Older actuaries have absolutely no clue just how difficult current-day exams are.
You and I are roughly the same age, so that doesn’t apply here.

Working in this field requires some sacrifices, but I still think it was the best path for me. Of course, that won’t be true for everyone.
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Old 09-30-2018, 08:00 PM
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Source?

You know, with your name and all. Common sense to ask.
So no source, then.
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