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  #31  
Old 12-16-2017, 11:05 PM
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When ASAs can't get actuarial jobs and have to work in other industries the SOA boast about how many industries actuaries work in.
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  #32  
Old 12-16-2017, 11:27 PM
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Originally Posted by Life View Post
I've never thought about this before: is actuarial experience required to be an official SOA member? Guess not.
The British system requires one year for associateship and three years for fellowship. But SOA only requires experience for fellowship.
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  #33  
Old 12-17-2017, 08:19 AM
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MAAA requires experience. I thought the SOA dropped the experience requirement, but I could be wrong, I guess.
Also, suitable experience is required under Academy practice guidelines any time a person with any designation gives "actuarial advice."
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  #34  
Old 12-18-2017, 10:57 PM
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Quote:
Originally Posted by JMO View Post
MAAA requires experience. I thought the SOA dropped the experience requirement, but I could be wrong
Very sure no actuarial experience requirement to be ASA. My coauthor has PhD in actuarial science from a very famous university (Asia). Publications at A grade actuarial science journals. No company was willing to hire him. He could still get ASA

I cold-emailed the chief actuary of a big insurance company from my home country a couple years ago. He called the HR to arrange an interview. The middle-management asked the HR to cancel the interview. They told me bluntly that they wanted someone that they can yell at. I was speechless.

Last edited by econfkw; 12-18-2017 at 11:53 PM..
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  #35  
Old 12-19-2017, 07:02 AM
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MAAA requires experience.
Pretty sure this isn't true, maybe it was in the past
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  #36  
Old 12-19-2017, 08:44 AM
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Pretty sure this isn't true, maybe it was in the past
To become a member, correct. Standards of practice state you need experience to issue opinions.
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  #37  
Old 12-19-2017, 09:37 AM
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OP, do you need sponsorship to work in the US? If so, I can troubleshoot your EL job search extremely quickly.
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  #38  
Old 12-19-2017, 11:41 AM
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Quote:
Originally Posted by jas66Kent View Post
There is no real upside to an insurance company hiring a person with a Ph. D in order to do EL work.
If you are paying them the same as any other EL employee, and they do good work, and are likely to develop into a good actuary, what's the downside?

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Originally Posted by jas66Kent View Post
EL work by its very nature is mostly grunt work (seems that most companies view it as a right of passage...
You mean "rite of passage". I don't ordinarily correct that sort of error, but it seems funny in a discussion about being over-qualified.


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...I would focus more on technically minded roles in actuarial, as those are the ones you could use your education in right away, and thus provide value to the company. I say this because you will most likely get nowhere in applying for traditional actuarial EL roles.
These jobs require actuarial experience.

Maybe you can get some other analytical job, likely even at an insurance company. A lot of insurance companies are hiring data analytics folks these days to do modeling.

You might also look for an internship, if you can afford to take a 3-month job. My employer mostly fills EL roles out of last summer's interns these days, but we also sometimes hire "convertable" interns, that is, we offer internships to people with the expectation that if we like their work enough, we will offer them an EL job at the end of the internship. I supervised a guy who was a career switcher (so a little riskier) and we offered him an internship rather than an EL job. And then we hired him. He's still here, and doing well, last I checked.

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...They told me bluntly that they wanted someone that they can yell at. I was speechless.
I don't even understand what this means. Was that a complaint about the quality of your English? Did you want to work remotely from some other country?

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Originally Posted by LOLAND View Post
OP, do you need sponsorship to work in the US? If so, I can troubleshoot your EL job search extremely quickly.
Yeah, I was wondering that, too. That would be a simple reason for you getting immediate rejection notes.
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  #39  
Old 12-21-2017, 03:04 PM
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OP, do you need sponsorship to work in the US? If so, I can troubleshoot your EL job search extremely quickly.
No. I got green card last year through National Interest Waiver. It is a special immigration program initiated by President George H.W Bush to grant permanent residency to scientists, doctors and scholars with exceptional ability.
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  #40  
Old 12-21-2017, 03:09 PM
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Quote:
Originally Posted by PeppermintPatty View Post

I don't even understand what this means. Was that a complaint about the quality of your English? Did you want to work remotely from some other country?
I was working in my home country (Asia) at that time. It was not an English issue. It is kind of their culture thing - Managers in a company 'yelling at' junior staff. The middle manager wants some fresh graduate that they feel more comfortable yelling at when they make mistake. I mean the work culture in my home country is not as folksy as that of U.S.A.

Last edited by econfkw; 12-21-2017 at 03:13 PM..
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