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  #1  
Old 05-06-2008, 06:58 PM
kjm5f5 kjm5f5 is offline
 
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Default P&C vs Life/Health

I am a student actuary, graduating from college this May. I am trying to decide to go into the P&C Actuarial or the Life/Health Actuarial Department. I have heard good things on both sides from several different actuaries. I know the major difference is longer projections on the Life/Health side and State Regulations on the P&C side. I've also heard the exams for the P&C side are slightly harder, but that you are eventually compensated for this in your salary. If anyone has any advice for me I would really appreciate it. Thank you.
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  #2  
Old 05-06-2008, 09:45 PM
Pachoo Pachoo is offline
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The #1 consideration for me was that P&C actuaries get paid more.
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  #3  
Old 05-06-2008, 10:11 PM
DW Simpson DW Simpson is offline
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Quote:
Originally Posted by kjm5f5 View Post
I am a student actuary, graduating from college this May. I am trying to decide to go into the P&C Actuarial or the Life/Health Actuarial Department. I have heard good things on both sides from several different actuaries. I know the major difference is longer projections on the Life/Health side and State Regulations on the P&C side. I've also heard the exams for the P&C side are slightly harder, but that you are eventually compensated for this in your salary. If anyone has any advice for me I would really appreciate it. Thank you.
http://www.actuarialoutpost.com/actu...3&postcount=16
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  #4  
Old 05-06-2008, 10:50 PM
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Jonas Grumby Jonas Grumby is offline
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That was a pretty slow response from Claude...linkbot must be broken.
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  #5  
Old 05-06-2008, 11:34 PM
DW Simpson DW Simpson is offline
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That was a pretty slow response from Claude...linkbot must be broken.
Linkbot was out coaching some ball
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  #6  
Old 05-07-2008, 12:52 AM
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JohnLocke JohnLocke is offline
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The #1 consideration for me was that P&C actuaries get paid more.
It not that much more and that's only in aggregate. Individually, you might make more in life or pension. So, pick the one you find more interesting. The difference in compensation is negligible.
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  #7  
Old 05-07-2008, 08:55 AM
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Quote:
Originally Posted by Pachoo View Post
The #1 consideration for me was that P&C actuaries get paid more.
Where is Variance Man when we need him?

By this logic, I guess I should have gotten a sex change operation, since men get paid more than women.

ETA - Looks like JohnLocke made the same point more politely than I did.
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Old 05-07-2008, 11:21 AM
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I side with JohnLocke, and I guess that means I agree with JMO too.
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  #9  
Old 05-07-2008, 01:30 PM
mexx
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Anecdotal evidence .. BF works for a life company, and I work for a P&C company. If I take away my most recent exam raise (we're one exam apart), our salaries are within one grand of each other.
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  #10  
Old 05-08-2008, 03:30 PM
kjm5f5 kjm5f5 is offline
 
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I'm not really concerned about the salary, because I know they are very comparable. Is there anything else anyone can tell me about the difference, or what they do or do not like about which side they are on?
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