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  #11  
Old 11-02-2014, 11:32 PM
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most statistician jobs at reputable companies prefer a PhD in statistics


the level of statistics required to be an actuary is elementary.
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  #12  
Old 11-02-2014, 11:35 PM
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When you start seeing how hiring decisions are made you'll see that most candidates that get through don't meet all of the bullet points that are listed on the job description.
Maybe for actuarial positions, but I highly doubt anything in academia/research would be willing to be lenient with the degree requirement unless they got their degree from a reputable school.
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  #13  
Old 11-02-2014, 11:36 PM
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Well, I can answer the statistician portion.

You usually need a M.S. in math and/or statistics to qualify as a statistician, at the very least.

And unfortunately, the great majority of actuarial science major programs do not prepare one for that sort of coursework.


I had some interviews with a couple of big fortune 500 companies. I was told flat out that you were being interviewed bc you knew a few people in the department already. It was also suggested I pursue my masters in my free time if I took the job and wanted to move up.

The starting pay was a lot higher than the actuarial gig. The top end is much higher for actuaries.
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  #14  
Old 11-02-2014, 11:47 PM
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These jobs are overrated. I think buy side quant jobs or academic jobs remain the holy grail for people with math/quant skills.
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  #15  
Old 11-02-2014, 11:47 PM
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I think buy side quant jobs or academic jobs remain the holy grail for people with math/quant skills.
This is probably true.
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  #16  
Old 11-03-2014, 12:12 AM
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Originally Posted by Colonel Smoothie View Post
Go back to your post. Read it again. Do you need a masters degree to become a statistician? You've done math. You should know what it means to be necessary. The main reason why actuaries aren't going into this is because they lack the ability. It's not because they don't have masters degrees.
This is an unusually nit-picky post. He said "usually needed".

And most actuaries are actuaries because they want to want to do business math with great work life balance. That's why I did it.
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  #17  
Old 11-03-2014, 12:22 AM
MathStatFin MathStatFin is offline
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You could manage Harvard's endowment:

http://news.harvard.edu/gazette/stor...ement-company/
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  #18  
Old 11-03-2014, 08:40 AM
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I agree with clarinetist that lacking an MS (or more) specifically in statistics makes it more difficult.

Honestly though, when I look at what many statisticians do, their work sounds pretty boring. I'm not sorry I didn't end up there.
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The most important thing I have learned from the career forum is that the gurus in this field and keepers of supreme knowledge regarding all matters pertaining to the actuarial profession are unlettered actuarial students with < 5 years of experience.
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  #19  
Old 11-03-2014, 08:52 AM
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When you start seeing how hiring decisions are made you'll see that most candidates that get through don't meet all of the bullet points that are listed on the job description.
if you met every single one of the "minimum requirements" for your current job, you're likely over qualified and would be making more if you had reached more.
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  #20  
Old 11-03-2014, 09:00 AM
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The jobs are different. The career paths are very different. The requirements to get hired are different.

Yes, there are some junior actuaries who do stuff that significantly overlaps with what the junior statisticians are doing. Yes, there are lots of people who would be qualified to take either route. But that probably doesn't include a lot of the people struggling to find entry level actuarial openings. Maybe some of the ones with very strong technical skills and weaker people-skills.

fwiw, at my company, we seem to get plenty of applicants for statistician jobs who have an advanced degree in statistics. I don't think we'd bother to look at someone who didn't, unless they had something extra, like actuarial experience, or being a successful employee elsewhere in the company, or ...
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