Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson International Actuarial Jobs
Canada  Asia  Australia  Bermuda  Latin America  Europe


Reply
 
Thread Tools Search this Thread Display Modes
  #21  
Old 11-03-2014, 09:01 AM
AbedNadir's Avatar
AbedNadir AbedNadir is offline
Member
CAS SOA
 
Join Date: Mar 2014
Studying for FCAS
Posts: 2,370
Default

Quote:
Originally Posted by Locrian View Post
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.
I've seen a few cases, and I'm sure there are many more, where statisticians have opportunities to work on something that's truly meaningful to them; such as cancer research, genetic statistics, or wildlife endangerment, and I imagine an overwhelming majority of actuaries do not feel the same way.

Then again, it might be one of those adverse selection things that Ke$ha loves to talk about where people become actuaries because they are passionless drones who need donkey chow for sustenance.
__________________

Last edited by AbedNadir; 11-03-2014 at 09:05 AM..
Reply With Quote
  #22  
Old 11-03-2014, 09:33 AM
whoanonstop's Avatar
whoanonstop whoanonstop is offline
Member
Non-Actuary
 
Join Date: Aug 2013
Location: Los Angeles, CA
Studying for Spark / Scala
College: College of William and Mary
Favorite beer: Orange Juice
Posts: 5,899
Blog Entries: 1
Default

I agree on the notion that a M.S. is usually a requirement for most statistician positions. However to back up CS, I do believe that this can be overcome but I don't believe it is necessarily the norm.

As for the main difference between the roles, my opinion is that the technical skill set is much higher on the statistician/data side. On average, a much wider knowledge of programming/computers/databases needed for the data jobs and a much wider knowledge of math/statistics needed for the statistics side.

-Riley
__________________
Reply With Quote
  #23  
Old 11-03-2014, 09:47 AM
Ron Weasley's Avatar
Ron Weasley Ron Weasley is offline
Member
CAS AAA
 
Join Date: Oct 2001
Studying for naught.
Favorite beer: Butterbeer
Posts: 8,623
Default

For a typical school to employment path, statisticians currently, and prior to "big data", enter the workforce after earning their Master's degree.

As to the "requirement", every professional position I held prior to getting into the insurance industry required a Master's degree, and I don't have one. However, no one who has worked with me IRL has ever accused me of being typical.
__________________
“Fantasy is escapist, and that is its glory. If a soldier is imprisioned by the enemy, don't we consider it his duty to escape?. . .If we value the freedom of mind and soul, if we're partisans of liberty, then it's our plain duty to escape, and to take as many people with us as we can!”
― J.R.R. Tolkien
Reply With Quote
  #24  
Old 11-03-2014, 10:51 AM
Beach Bum Beach Bum is offline
Member
CAS AAA
 
Join Date: Dec 2005
Location: Currently away from an Ocean
Favorite beer: Alpha King
Posts: 1,969
Default

SOA is coming up with a specialty track in Big Data. So why go another route when you can go into actuarial, take exams, but then use your big data skills in any industry out there as a leading candidate.
Reply With Quote
  #25  
Old 11-03-2014, 10:57 AM
Captain Oveur Captain Oveur is offline
Member
SOA
 
Join Date: Jul 2013
Posts: 12,702
Default

Quote:
Originally Posted by Beach Bum View Post
SOA is coming up with a specialty track in Big Data. So why go another route when you can go into actuarial, take exams, but then use your big data skills in any industry out there as a leading candidate.
Not sure if serious.
Reply With Quote
  #26  
Old 11-03-2014, 11:00 AM
clarinetist clarinetist is offline
Member
Non-Actuary
 
Join Date: Aug 2011
Studying for Rcpp, Git
Posts: 6,885
Default

Quote:
Originally Posted by Captain Oveur View Post
Not sure if serious.
I sure hope (s)he's not serious.
__________________
If you want to add me on LinkedIn, PM me.

Why I hate Microsoft Access.

Studying/Reading: C
Reply With Quote
  #27  
Old 11-03-2014, 11:00 AM
nonlnear nonlnear is offline
Member
Non-Actuary
 
Join Date: May 2010
Favorite beer: Civil Society Fresh IPA
Posts: 30,631
Default

Quote:
Originally Posted by Beach Bum View Post
SOA is coming up with a specialty track in Big Data. So why go another route when you can go into actuarial, take exams, but then use your big data skills in any industry out there as a leading candidate.
"Who knows how big data will impact the world of business? We do."
Reply With Quote
  #28  
Old 11-03-2014, 11:12 AM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is offline
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 48,747
Default

do they?
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
Reply With Quote
  #29  
Old 11-03-2014, 11:13 AM
clarinetist clarinetist is offline
Member
Non-Actuary
 
Join Date: Aug 2011
Studying for Rcpp, Git
Posts: 6,885
Default

"Uniquely qualified" FTW
__________________
If you want to add me on LinkedIn, PM me.

Why I hate Microsoft Access.

Studying/Reading: C
Reply With Quote
  #30  
Old 11-03-2014, 11:14 AM
Neutral Omen's Avatar
Neutral Omen Neutral Omen is offline
Member
SOA
 
Join Date: Oct 2011
Favorite beer: Kwak
Posts: 6,992
Default

A lot of coders are getting into big data, but they're just creating tools for analysts to use. If you have a CS degree, you can just mess around with Big Data tech in your spare time and get a big data job at a startup. That's not data science though, and if you've invested your undergrad time in an Act Sci degree and exams, you don't have the software engineering skills to get these jobs.

I would think bona fide data science it's not a field you can just teach yourself in your spare time. If you actually want a career in the field, you're going to have to get experience, and that's more than just knowledge of the tools. That means being in an academic setting, which is essentially a vehicle for you to run wild and mess around with different problems. A company isn't going to hire you and let you run wild on their dime while you learn stuff when there are hundreds of MSci and PhDs who've already done that.

Quote:
Originally Posted by Beach Bum View Post
SOA is coming up with a specialty track in Big Data. So why go another route when you can go into actuarial, take exams, but then use your big data skills in any the insurance industry out there as a leading one of the multitude of candidates.
__________________
Spoiler:


Quote:
Originally Posted by mathmajor View Post
you are a visionary
Reply With Quote
Reply

Tags
data cuckold, data envy

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 06:41 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.22267 seconds with 9 queries