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#1
05-16-2011, 10:27 PM
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Accepted to Temple
I'm a 32 year old engineer with an MBA in finance. After the MBA i moved to Ohio in 2007 where the only opportunities were mainly in engineering. I have been working as an engineer during the last 4 years and passed CFA level 1. I no longer need to live in Ohio (spouse completed her MS degree) and now I am seeking a career away from manufacturing and into something technical finance related. Applying for jobs strictly with an MBA in finance and no experience 3 years after the MBA has been a waste of time.
I applied to Temple's actuarial program and was recently accepted. Now I am faced with the prospect of paying $35K in out of state tuition for a 3 semester program. It seems from a lot of posts that people that take a few exams on their own with no experience (in anything financial) seem to have a hard time finding jobs. I am not sure whether I need to fork over the $35K or take the exams on my own (which I am capable of doing) and try to get in without the MS degree. What do you think? 
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#2
05-16-2011, 10:31 PM
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#3
05-16-2011, 10:34 PM
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#4
05-16-2011, 10:36 PM
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#5
05-16-2011, 10:45 PM
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If you can pass one (two is much better) exams on your own, I think it is possible to get an entry level actuarial job. If you need a refresher course on some of the material, there are a ton of seminars (live on online) that will only set you back $500 or so.
Here are some live seminars for the first exam: http://www.actexmadriver.com/showpro...fm?FullCat=337 and online: http://www.actexmadriver.com/showpro...fm?FullCat=370
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#6
05-16-2011, 11:09 PM
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You don't need any more schooling.
There are many many career changers that break into this profession with a couple of exams. Previous professions from the few I have met include high school teacher, computer programmer, auto mechanic, and a restaurant manager. These are people in actuarial roles (both credentialed and not) that I have met in my short time (<5 years) as an actuary for a medium-sized firm in the Midwest. Despite what you may have heard on this forum, I would be surprised if you weren't getting multiple interviews after you pass two exams. You already have plenty of education and your professional experience will be seen by many as an asset.
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#7
05-16-2011, 11:33 PM
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Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams.
Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams.
__________________
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#8
05-16-2011, 11:44 PM
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#9
05-17-2011, 12:10 AM
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There's no need to get an actuarial science degree to get a job or pass the preliminary exams. Looking back, I would cringe if I spent $35k learning material that is on the preliminary exams and can be easily picked up through self-study. Pass two exams and you'll be a great candidate.
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#10
05-17-2011, 12:32 AM
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Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams. Pass exams
__________________
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