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  #11  
Old 08-16-2016, 09:18 AM
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Girugamesh
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  #12  
Old 08-16-2016, 01:17 PM
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Looks like it depends on who you ask.

People with only a B.S. will underplay it and people with a M.S./PhD will find value in it.

To be honest, it probably depends on the role.

Too many exams, too many degrees, too smart? Careful, might price yourself out of the field. :P

-Riley

It really depends on the role. If it's an EL actuarial job that requires no graduate education, then MS/PhD applicants may be viewed with more suspicion. They are considered higher flight risks.

On the other hand, the MS Stats + exams are a tremendous asset for actuarial modeling jobs.
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  #13  
Old 08-16-2016, 01:29 PM
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I don't think the degree itself is going to be helpful. What you learned in getting the degree might be helpful, but only if
a. You can explain the value of what you learned in the job interview
and/or
b. You can actually apply what you learned to the job, once you get a job.
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  #14  
Old 08-17-2016, 09:37 AM
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I know a Stats PhD who is now working in a reserving role. It seems really bizarre... but at least it shows that you can get an actuarial job with a grad degree.
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  #15  
Old 08-17-2016, 09:38 AM
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I know a Stats PhD who is now working in a reserving role. It seems really bizarre... but at least it shows that you can get an actuarial job with a grad degree.
... or in spite of one.
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  #16  
Old 08-17-2016, 10:08 AM
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It depends on the job. If you're working in a role where you don't need to do statistics (which is most in the P&C industry), then it's mostly indirectly helpful. If you're doing a role on a team of predictive modelers, then a masters in statistics would definitely be helpful to do your job better. But, would the manager value it, I don't know. They should.

Now, there's more to it than that. If you're doing P&C pricing modeling, then you're just going to do GLMs for the rest of your life. So, did you study them in your masters degree, probably. Did you actually use them to model? If not, then that might not be all that helpful. It'll probably help you pick stuff up more quickly. But, it might not be as helpful as if you have experience actually doing modeling.
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  #17  
Old 08-17-2016, 04:05 PM
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #18  
Old 08-17-2016, 05:41 PM
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I know a Stats PhD who is now working in a reserving role. It seems really bizarre... but at least it shows that you can get an actuarial job with a grad degree.
that's pretty weird. I thought he would have priced himself out of the actuarial market. he had 0 exams right? good thing he never passed any
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  #19  
Old 08-17-2016, 05:46 PM
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that's pretty weird. I thought he would have priced himself out of the actuarial market. he had 0 exams right? good thing he never passed any
no he got FCAS before applying and immediately got promoted to chief actuary
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ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
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  #20  
Old 08-17-2016, 08:28 PM
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no he got FCAS before applying and immediately got promoted to chief actuary
are you sure he didn't also have FSA MBA CPA CFA CERA MS?
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