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  #1  
Old 05-20-2018, 11:35 AM
Exp2018 Exp2018 is offline
 
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Default IT Skills with Actuarial Papers

Hello,

I have 18 years of experience in IT (system administration) and I have cleared 4 actuarial papers (CT1, CT3, CT7, CT9) for IFoA. Parallel to that I have also earned MBA in Financial Management in recent past.

Now I want to know that if I should continue with Actuarial Education (rest of papers). I have studied for CT5 and CT6 and but not given papers as of now (most likely I should be able to clear them both in one to one a half years if I work in this direction. I want to know if I should pursue my actuarial education. Can I blend my IT knowledge with Actuarial Skills as I have experience in IT but not in Actuarial Science.

Your inputs, thoughts will help me to take the better decision whether to go further with Actuarial papers or not as it takes a lot of time, effort and money to pursue Actuarial Education.
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  #2  
Old 05-20-2018, 12:41 PM
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Yes you can. There are a lot of requests that actuarial makes of IT, that IT says will take 3 weeks or whatever, like data access. Then when we call 3 weeks later they be all like, 'yo I got tied up with something so that'll take another 2 weeks.'

Since you have IT experience you can call bullshit on that and tell your superiors that having been on the other side, you know the request takes 5 minutes to resolve.

No joke. Time is money.
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  #3  
Old 05-20-2018, 02:31 PM
pragmatist pragmatist is offline
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Originally Posted by Colonel Smoothie View Post
Yes you can. There are a lot of requests that actuarial makes of IT, that IT says will take 3 weeks or whatever, like data access. Then when we call 3 weeks later they be all like, 'yo I got tied up with something so that'll take another 2 weeks.'

Since you have IT experience you can call bullshit on that and tell your superiors that having been on the other side, you know the request takes 5 minutes to resolve.

No joke. Time is money.
Although granting data access can be done in 5 minutes or less, OP likely won't have the faculties to do that from within the actuarial department. The same applies to other tasks that involve the implementation of data/processes/reports.

That being said, CS's point accurately outlines the overhead/bureaucracy in IT as well as the solution. It's just quite difficult (at least in my experience) to find managers with the wisdom to go that route. Some of it has to do with the heightened coordination to preserve smoothness in Production, but there's also the mentality of sticking to the manager's useless seminar on project management.
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Old 05-21-2018, 11:24 AM
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I think I didn't explained my dilemma clearly enough. I wanted to know that if I should continue to pursue Actuarial Education as I am in currently in IT (System Administration) for past 18 years in non actuarial organization?

I have cleared 4 papers, shall I work ahead and clear more papers?

Will it help me?
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Old 05-21-2018, 11:34 AM
CuriousGeorge CuriousGeorge is offline
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Will it help you what?

To get a job, to get paid more, to get more flexibility in projects, to get hired at a specific company, to become an actuary?

I'm not clear what your goal is, so it's hard to say whether papers matter for you.
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Old 05-21-2018, 01:09 PM
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The goal is to better skilled, combine my IT skills with Actuarial Knowledge and have long term rewarding career.
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Old 05-21-2018, 02:11 PM
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Quote:
Originally Posted by Exp2018 View Post
The goal is to better skilled, combine my IT skills with Actuarial Knowledge and have long term rewarding career.
Does your IT boss care about the actuarial perspective? Nobody here can answer that for you.

(Or, to look at it from another angle, why do YOU want to be an actuary?)
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Old 05-22-2018, 02:44 AM
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Thanks for the responses from all of you. I really appreciate it and it helped me in choosing the direction.
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Old 05-29-2018, 10:19 AM
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Yes, doing more generally is a good idea? *shruggy idk what the heck is going on face*
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Old 05-29-2018, 10:23 AM
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Quote:
Originally Posted by Exp2018 View Post
The goal is to better skilled, combine my IT skills with Actuarial Knowledge and have long term rewarding career.
Rather than focusing on finding a job where those particular skills can be mixed, you might want to start fresh and figure out what your best shot is at having a long, rewarding career. because that is the real "why" here. Your goal isn't really to combine skill X and Y, but have a rewarding career. That might mean picking one direction or the other to really focus on, or it might mean being the combo player. Bringing more skills to the table only benefits you if your customer is willing to pay a premium for the combination.

Don't take this as me being negative about knowing more. It is good to know more stuff. It is not always good to focus on "crossover" roles to the exclusion of function-specific roles. That depends on your situation.
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