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  #21  
Old 09-07-2016, 08:31 AM
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This general idea that someone with a statistics background will have a decent understanding of machine learning from the start is misguided. Unless you graduated from a handful of specific programs, your knowledge will be very limited at best.

It would be extremely difficult for the average MS stats person to break 6 figures without some outside learning.

But to answer the original question, you just need to keep trying. There is no formula to success and more than likely it has less to do with your internship being nonexistent and more to do with something else you haven't revealed to us, either consciously or subconsciously. Are you terrible at interviews? Can you talk to people correctly? Are you saying the wrong things but don't realize it? Does your resume look like trash? Are you foreign? There are literally a hundred things that could be preventing you from getting a job.

-Riley
How did this thread turn into machine learning
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  #22  
Old 09-07-2016, 08:32 AM
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How did this thread turn into machine learning
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Why not finish that degree and then find a data science/modeler/statistician role?
Someone suggested it.

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  #23  
Old 09-07-2016, 09:13 AM
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This general idea that someone with a statistics background will have a decent understanding of machine learning from the start is misguided. Unless you graduated from a handful of specific programs, your knowledge will be very limited at best.
Where exactly is this general idea being expressed?

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I think long term, MS stats plus actual, demonstrable ability with programming and ML/stat methods (like everything in ESL), will be better than an FCAS who struggles to perform a linear regression in excel.
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  #24  
Old 09-07-2016, 12:34 PM
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I got a BS Math a couple years ago, and have 2 exams under my belt. After a few months of applying for jobs to no success, I entered graduate school for MS Stats degree because I didn't see a better option (thought I might become a statistician instead of an actuary).

I would like to give the actuary thing another go now, but I don't really know what my chances are.

I know in most industries nowadays, it's important to have an internship even just to get an EL position. Most internships require you to be in college, and an undergraduate (not a graduate like me).



Does anyone know what my chances are of finding employment without an internship, and if/how I can overcome this? I don't want to be forever exiled from the industry just because I don't have an internship.


Thanks for your advice.
No one knows your chances. You are unique and we don't know anything about you. Internship experience is nice, but it is no deal-breaker.
Keep applying everywhere. Even as you are getting your degree, which you might not finish because you get a job that pays you decent money.
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  #25  
Old 09-08-2016, 01:17 AM
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How did this thread turn into machine learning
Data science missionaries, amirite?

Needs more hellfire and damnation about the collapse of actuarial jobs to convert me though
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  #26  
Old 09-08-2016, 11:48 PM
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@OP, not really, one of my classmates got hired last month with 2 exams , no internship. But he has a MS in actuarial science , and strong technical skills
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  #27  
Old 09-08-2016, 11:53 PM
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But he has a MS in actuarial science , and strong technical skills
Obviously, you can't have one without the other.

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  #28  
Old 09-08-2016, 11:54 PM
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@OP, not really, one of my classmates got hired last month with 2 exams
Guess he was so focused on the technical skills that he forgot to pass exams?

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  #29  
Old 09-09-2016, 11:21 AM
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I got hired with a BS, one exam, and no internship. I was in grad school for teaching. This was just after the 2008 downturn.

After a year of looking.

I was awkward af but fairly smart.

So there's that.
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  #30  
Old 09-09-2016, 11:42 AM
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I was awkward af but fairly smart.
Are you trying to make the suggestion that most actuaries aren't fairly smart so you had an advantage?



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