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  #41  
Old 05-02-2019, 05:35 PM
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I understand that it needs to be increased. I'm just curious how you chose a factor of 3 instead of 1.5 or 4 or 7. It seems like you did a lot of work, and that multiplicative factor would have a huge impact on the result. I'm not sure how something like that would be estimated.
Actuarial Judgment...
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Old 05-03-2019, 11:41 AM
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It would be interesting to me to know how many millions of dollars are decided on each day in the U.S. based on actuarial judgment. I guess that kind of estimate would require actuarial judgment.
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Old 05-03-2019, 04:01 PM
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I'm an FSA in the health field with about ten years of experience working in a consulting firm in a mid-level management role. I've worked for two different companies, one was an insurance firm and the other is a consulting firm. Problem is that I don't enjoy my job as an actuary. I never have I feel like I just repeat the same processes over and over again. No creativity involved and I am so bored. A secondary issue is that I feel I haven't become the expert that I wanted to be- i work for a small consulting firm and dont have too much exposure to other actuaries to learn from. I am considering switching fields to computer programming. But I am conflicted. I've put so much time into this career. Do other actuaries like their jobs? Am I just in the wrong position? Should I change fields?
I essentially felt the same way as you do in the bolded parts above. I left at about 3-3.5 years and ASA... I don't regret those 3 years (worked with some fantastic people, and I needed exposure to the business world), but I'm also glad I left. I really care about healthcare - but I just don't see the really interesting stuff in the industry coming from actuaries in their traditional roles.
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  #44  
Old 05-06-2019, 12:48 PM
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It would be interesting to me to know how many millions of dollars are decided on each day in the U.S. based on actuarial judgment. I guess that kind of estimate would require actuarial judgment.
A LOT. But it's not like it's pulled out of our butts. It's that whole thing where "intuition" is largely based on an pile of experience. Actuarial judgement gets used a lot, but it's almost exclusively used by actuaries with 10+ years of experience under their belts.
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Old 05-21-2019, 02:14 PM
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Yes, maybe, probably.

Would spend some time learning about what computer programmers do day-to-day. If your problems are repeating processes and no creativity, I would say that the average programming job is much worse than the average actuarial job. That said, you may just be in the wrong actuarial job.

If you're considering leaving the field altogether, no reason not to switch to another actuarial job IMO. If you interview and it looks like it could be interesting, take it; if you ultimately say "still hate it", then you probably should leave the field, and the short duration at that job won't really be a hit on the resume so you can move on quickly. Obviously, finding a role you enjoy that will also pay you for your experience and your FSA is ideal, so it's a good gamble.


I was considering leaving the profession a few years back because I hated the work, but then I switched from life valuation work to health pricing and I found it to be much more interesting. Glad I gave it one more go before bailing.
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  #46  
Old 06-24-2019, 03:14 PM
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Be a recruiter imo.

It sounds like you would get some fulfillment out of creating things, and what better thing to do than to create careers.
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  #47  
Old 06-24-2019, 10:18 PM
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maximize your income and improve your financial health, and live your life when the work day is done.
This was my plan going into the field.

Then I stumbled into an EL job that I loved and continued to love for 9 years as I grew into a credentialed role. (note: it involved a decent amount of programming)

Now I changed roles and it stinks.

C'est la vie. Back to square one in that regard. Still have my hobbies for now.

OP, it seems like there are probably analyst roles out there that you'd love but they wouldn't pay that well. May have to choose one or the other if you're to stay in the field. Struggling with that "if" right now myself
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Old 06-24-2019, 11:27 PM
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Yes, maybe, probably.

Would spend some time learning about what computer programmers do day-to-day. If your problems are repeating processes and no creativity, I would say that the average programming job is much worse than the average actuarial job. That said, you may just be in the wrong actuarial job.

If you're considering leaving the field altogether, no reason not to switch to another actuarial job IMO. If you interview and it looks like it could be interesting, take it; if you ultimately say "still hate it", then you probably should leave the field, and the short duration at that job won't really be a hit on the resume so you can move on quickly. Obviously, finding a role you enjoy that will also pay you for your experience and your FSA is ideal, so it's a good gamble.
this.

I like my job. I was quickly bored by my first actuarial job. Then I switched internally to actuarial programming, which was fun, but I looked at what my boss was doing and I knew I didn't want to do that. So when my husband completed his PhD I shopped for a job in a different actuarial field, and loved it. Since then, I've had a variety of jobs, some tedious, some fascinating, most pretty decent. I find that who I work with matters nearly as much as what I do, but I have been able to land a bunch of jobs that suit me.

It's definitely not for everyone. The types of work vary a lot. And a job that I liked and felt exercised my creativity was one that a coworker hated and felt he was doing confusing, ill-defined work.

But you should try another job and also explore other fields.

Best wishes.
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