Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Professional Surveys
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

US PROPERTY AND CASUALTY JOBS

Reply
 
Thread Tools Display Modes
  #1  
Old 05-22-2007, 02:08 PM
MISSY MISSY is offline
Member
 
Join Date: Aug 2005
Posts: 40
Default ASA - MBA - FSA??

After i get my ASA designation by early next year. I'm thinking about stopping for a year to pursue a full time MBA and then return to FSA path after that.
Can i get your comments on wheter you think this is a good idea for an actuarial career? will it make for a more well rounded actuary? Do employers look for MBA's in actuaries or is it simply a nice to have?
Reply With Quote
  #2  
Old 05-22-2007, 02:19 PM
twig93's Avatar
twig93 twig93 is offline
Member
SOA
 
Join Date: Jun 2003
Posts: 16,903
Default

Are you just that glutton for punishment that you're going back for more?

I'm sure Claude will weigh in shortly (although this might be more visible in the "Careers" section) but I think it's pretty much just a nice to have. In my (albeit limited) experience, the MBA is of limited value. It's not useless, but it won't open a tremendous amount of doors. I certainly don't think that from a financial perspective it would be worth it to quit your job for a year.

If you're dead set on becoming the CEO of your insurance company, it's probably more valuable, but if you're simply looking to become an actuarial manager, I don't know how much help it's going to be. That stuff's all pretty political and being in with the right people is probably more important than having the degree. If you're gone for a year, you won't be getting in good with the right people.

Of course your particular company might place a higher value on an MBA than some. And an MBA from a top school is certainly worth a lot more than an MBA from East Podunk U.
__________________
Originally Posted by Gandalf
The thing that is clearest is twig's advice
Reply With Quote
  #3  
Old 05-22-2007, 02:29 PM
JMO Fan's Avatar
JMO Fan JMO Fan is offline
Member
SOA AAA
 
Join Date: Sep 2001
Location: out in the woods
Favorite beer: Frostop Root
Posts: 4,361
Default

MBAs probably have fancier graduation parties than FSAs, maybe homecoming events. Not likely FSA/MBA gets better actuarial jobs.
__________________
I thought this WAS a real job
Reply With Quote
  #4  
Old 05-22-2007, 02:45 PM
JMO's Avatar
JMO JMO is offline
Carol Marler
 
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
Posts: 31,587
Default

Some companies will pay for your MBA. But I think getting FSA first makes more sense. MBA can put you on the track for promotion out of the technical stuff. . .
__________________
Carol Marler, Ex-Actuary, Dedicated to Being Retired
Just My Opinion: It's not an actuarial opinion; I'm no actuary, although I used to be one.
My latest favorite quote:
Quote:
Originally Posted by Imperfect Actuary View Post
Life would be a lot easier if you're honest with yourself about who you are.
Reply With Quote
  #5  
Old 05-22-2007, 03:08 PM
tommie frazier tommie frazier is offline
Member
 
Join Date: Aug 2003
Favorite beer: The kind with 2 e's
Posts: 20,887
Default

why do you want the mba? to stay an actuary, it may help with advancing to company management. but so could 2-3 years of undistracted work towards company business (instead of going to school).

our filed, in general, is not mba (or any other m degree) impressed.
Reply With Quote
  #6  
Old 05-22-2007, 03:18 PM
cincinnatikid cincinnatikid is offline
Member
 
Join Date: Jul 2005
Posts: 1,922
Default

Quote:
Originally Posted by MISSY View Post
After i get my ASA designation by early next year. I'm thinking about stopping for a year to pursue a full time MBA and then return to FSA path after that.
Can i get your comments on wheter you think this is a good idea for an actuarial career? will it make for a more well rounded actuary? Do employers look for MBA's in actuaries or is it simply a nice to have?
The FSA exams are also based on more specific knowledge within your particular track. You may be setting yourself up in a difficult position to leave a field, then come back 1-2 years later expecting to tackle such specific knowledge.
Reply With Quote
  #7  
Old 05-22-2007, 06:01 PM
Westley Westley is offline
Member
 
Join Date: Nov 2001
Posts: 21,836
Default

Basically piling on, but if you want to do actuarial work, I'm not sure why you want an MBA. If you want to do something other than actuarial, not sure why you want the FSA.
__________________
This is so far beyond dumb I can totally see it happening at any place I have ever worked. ---Woodrow
I find it more disturbing that people like Bush and Obama did vow to uphold the Constitution than that someone might take office and not do so. ---nonlnear
But due to some life stuff and the whole agnostic thing, I just sleep in on Sundays now. ---Inconceivable

"Best of... Westley" thread: http://www.actuarialoutpost.com/actu...ad.php?t=52501
Reply With Quote
  #8  
Old 05-22-2007, 08:39 PM
Irina's Avatar
Irina Irina is offline
Member
 
Join Date: Feb 2004
Posts: 81
Default

Quote:
Originally Posted by JMO View Post
Some companies will pay for your MBA. But I think getting FSA first makes more sense. MBA can put you on the track for promotion out of the technical stuff. . .

Agreed. I would get FSA first, then try MBA if you still want to go for it. Quitting your job to go to school full-time is not a good idea (and this is more than just financial concerns). I would try night classes or correspondence programs.
Reply With Quote
  #9  
Old 05-22-2007, 09:30 PM
DW Simpson DW Simpson is offline
Site Sponsor
Site Sponsor
 
Join Date: Sep 2001
College: Yes
Posts: 18,631
Default

Quote:
Originally Posted by MISSY View Post
After i get my ASA designation by early next year. I'm thinking about stopping for a year to pursue a full time MBA and then return to FSA path after that.
Can i get your comments on wheter you think this is a good idea for an actuarial career? will it make for a more well rounded actuary? Do employers look for MBA's in actuaries or is it simply a nice to have?
http://www.actuarialoutpost.com/actu...4&postcount=18
Reply With Quote
  #10  
Old 05-24-2007, 04:00 PM
mr.c's Avatar
mr.c mr.c is offline
Member
SOA AAA
 
Join Date: Nov 2001
Location: Arnold's Drive-In
Posts: 640
Default

I got my FSA a couple of years ago, and I am probably entering a night MBA program this fall. My main reasons are:

1) I took no business, accounting or finance classes in college, so I have stuff to learn, even if I've seen some of it in my actuarial career.
2) Hopefully, getting an MBA and getting some more finance-related responsibilities at my current job or the next one could broaden my career opportunities so that I don't have to move out of town to keep advancing in my career.

Still, I can't believe that I'm thinking about going back to school again!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 07:45 PM.


Powered by vBulletin®
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.30660 seconds with 7 queries